Notice2023-20831
30-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
September 26, 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 an additional 30 days of public comment.
Full Text
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<title>Federal Register, Volume 88 Issue 185 (Tuesday, September 26, 2023)</title>
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[Federal Register Volume 88, Number 185 (Tuesday, September 26, 2023)]
[Notices]
[Pages 66042-66043]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20831]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7070-N-59]
30-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 Policy Development and Research, Chief Data Officer,
HUD.
ACTION: Notice.
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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 an additional 30 days of
public comment.
DATES: Comments Due Date: October 26, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection should be sent within 30 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 30-day Review--
Open for Public Comments'' or by using the search function. Interested
persons are also invited to submit comments regarding this proposal and
comments should refer to the proposal by name and/or OMB Control Number
and should be sent to: Colette Pollard, Clearance Officer, REE,
Department of Housing and Urban Development, 451 7th Street SW, Room
8210, Washington, DC 20410-5000; email
<a href="/cdn-cgi/l/email-protection#7a2a1b0a1f080d150811281f1e0f190e1315143b190e351c1c13191f3a120f1e541d150c"><span class="__cf_email__" data-cfemail="9bcbfaebfee9ecf4e9f0c9feffeef8eff2f4f5daf8efd4fdfdf2f8fedbf3eeffb5fcf4ed">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 7th Street
SW, Room 8210, Washington, DC 20410; email <a href="/cdn-cgi/l/email-protection#71321e1d140505145f211e1d1d100315311904155f161e07"><span class="__cf_email__" data-cfemail="81c2eeede4f5f5e4afd1eeedede0f3e5c1e9f4e5afe6eef7">[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 or 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>.
[[Page 66043]]
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.
The Federal Register notice that solicited public comment on the
information collection for a period of 60 days was published on July 6,
2023 at 88 FR 43135.
A. Overview of Information Collection
Title of Information Collection: Mortgage Insurance Termination.
Application for Premium Refund, Tracer Claimant Refund Case
Request.
OMB Approval Number: 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.
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Number of Frequency of Total annual Hours per Total annual
Information collection respondents response responses response hours
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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.............
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Totals...................... 28,244 .............. 1,336,377 .............. 111,389
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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.
(5) ways to minimize the burden of the collection of information on
those who are to respond, including the use of automated collection
techniques or other forms of information technology.
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.
Colette Pollard,
Department Reports Management Officer, Office of Policy Development and
Research, Chief Data Officer.
[FR Doc. 2023-20831 Filed 9-25-23; 8:45 am]
BILLING CODE 4210-67-P
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