Notice2023-14229
60-Day Notice of Proposed Information Collection: Mortgage Insurance Termination, Application for Premium Refund, Tracer Claimant Refund Case Request, Online HUD-27050-B; OMB Control No.: 2502-0414
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 6, 2023
Issuing agencies
Housing and Urban Development Department
Abstract
HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 128 (Thursday, July 6, 2023)</title>
</head>
<body><pre>[Federal Register Volume 88, Number 128 (Thursday, July 6, 2023)]
[Notices]
[Pages 43135-43136]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-14229]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7071-N-11]
60-Day Notice of Proposed Information Collection: Mortgage
Insurance Termination, Application for Premium Refund, Tracer Claimant
Refund Case Request, Online HUD-27050-B; OMB Control No.: 2502-0414
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD is seeking approval from the Office of Management and
Budget (OMB) for the information collection described below. In
accordance with the Paperwork Reduction Act, HUD is requesting comment
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 60 days of public comment.
DATES: Comments Due Date: September 5, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be submitted within 60 days of publication
of this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this
particular information collection by selecting ``Currently under 60-day
Review--Open for Public Comments'' or by using the search function.
Interested persons are also invited to submit comments regarding this
proposal by name and/or OMB Control Number and can be sent
[[Page 43136]]
to: Colette Pollard, Reports Management Officer, REE, Department of
Housing and Urban Development, 451 7th Street SW, Room 8210,
Washington, DC 20410-5000 or email at
<a href="/cdn-cgi/l/email-protection#a4f4c5d4c1d6d3cbd6cff6c1c0d1c7d0cdcbcae5c7d0ebc2c2cdc7c1e4ccd1c08ac3cbd2"><span class="__cf_email__" data-cfemail="5606372633242139243d0433322335223f39381735221930303f3533163e233278313920">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Colette Pollard at
<a href="/cdn-cgi/l/email-protection#8dcee2e1e8f9f9e8a3dde2e1e1ecffe9cde5f8e9a3eae2fb"><span class="__cf_email__" data-cfemail="c784a8aba2b3b3a2e997a8ababa6b5a387afb2a3e9a0a8b1">[email protected]</span></a> or telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from
individuals who are deaf or hard of hearing, as well as individuals
with speech and communication disabilities. To learn more about how to
make an accessible telephone call, please visit: <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>. Copies of
available documents submitted to OMB may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
Section A.
A. Overview of Information Collection
Title of Information Collection: Mortgage Insurance Termination
Application for Premium Refund, Tracer Claimant Refund Case Request.
OMB Approval Number: OMB-2502-0414.
OMB Expiration Date: 12/31/2023.
Type of Request: Revision of currently approved OMB collection.
Form Number: Mortgage Insurance Termination HUD-27050-A is
submitted electronically; Application for Premium Refund HUD-27050-B.
Description of the need for the information and proposed use:
Mortgage Insurance Termination information is used by servicing
mortgagees to comply with HUD requirements for reporting termination of
FHA mortgage insurance. This information is used whenever FHA mortgage
insurance is terminated and no claim for insurance benefits will be
filed. This information is submitted on the internet or via EDI and is
used to issue mortgage insurance premium (MIP) refunds directly to
eligible claimants. This condition occurs when the form passes the
criteria of certain system edits. As a result, the system generates a
disbursement to the eligible claimant for the refund consisting of the
unused portion of the paid premium. The information collected is used
to update HUD's Single Family Insurance System. The billing of mortgage
insurance premiums is discontinued as a result of the transaction.
Without this information, the premium collection/monitoring function
would be severely impeded and program data would be unreliable.
Currently when the form is processed but does not pass the criteria in
the series of system edits, the system generates the HUD 27050-B
Application for Premium Refund for the claimant to complete and return
to HUD for further processing of the refund. In general, a Premium
Refund is the difference between the amount of prepaid premium and the
amount of the premium that has been earned by HUD up to the time the
mortgage is terminated. The Tracer Claimant Refund Case Request is used
to collect information on the claimant from the tracer.
----------------------------------------------------------------------------------------------------------------
Number of Frequency of Total annual Hours per Total annual
Information collection respondents response responses response hours
----------------------------------------------------------------------------------------------------------------
Mortgage Insurance Termination 1,898 Varies 1,310,031 0.08 104,802
HUD-27050-A.
Application for Premium Refund 10,394 1 10,394 0.25 2,599
HUD-27050-B.
Tracer--Claimant Refund Case 360 1 360 .25 90
Request.
Online Application for Premium 15,592 1 15,592 .25 3,898
Refund HUD 27050-B.
--------------------------------------------------------------------------------
Totals..................... 28,244 ............... 1,336,377 .............. 111,389
----------------------------------------------------------------------------------------------------------------
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of information described in
Section A on the following:
(1) Whether the proposed collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility;
(2) The accuracy of the agency's estimate of the burden of the
proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(4) Ways to minimize the burden of the collection of information on
those who are to respond; including through the use of appropriate
automated collection techniques or other forms of information
technology, e.g., permitting electronic submission of responses.
HUD encourages interested parties to submit comments in response to
these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
chapter 35.
Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2023-14229 Filed 7-5-23; 8:45 am]
BILLING CODE 4210-67-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on July 6, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.