Notice2025-07370
60-Day Notice of Proposed Information Collection: Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily and Healthcare Mortgages to the Secretary
Primary source
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Published
April 29, 2025
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
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<title>Federal Register, Volume 90 Issue 81 (Tuesday, April 29, 2025)</title>
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[Federal Register Volume 90, Number 81 (Tuesday, April 29, 2025)]
[Notices]
[Pages 17830-17831]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-07370]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7102-N-02; OMB Control No.: 2510-0006]
60-Day Notice of Proposed Information Collection: Legal
Instructions Concerning Applications for Full Insurance Benefits--
Assignment of Multifamily and Healthcare Mortgages to the Secretary
AGENCY: Office of the General Counsel, 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 60 days of public comment.
DATES: Comments Due Date: June 30, 2025.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be sent within 60 days of publication of
this notice to <a href="http://www.regulations.gov">www.regulations.gov</a>. 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:
[[Page 17831]]
Nacheshia Foxx, Senior Clearance Officer, Department of Housing and
Urban Development, 451 Seventh Street SW, Room 10276, Washington, DC
20410-0500.
FOR FURTHER INFORMATION CONTACT: Laura Scott, Deputy Assistant General
Counsel for Office of Insured Housing, Multifamily Mortgage Division,
Office of General Counsel, Department of Housing and Urban Development,
451 7th Street SW, Room 10172, Washington, DC 20410-0500, telephone
(202) 402-6582. 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 visithttps://<a href="http://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>. Copies of available documents
submitted to OMB may be obtained from Ms. Foxx.
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: Legal Instructions Concerning
Applications for Full Insurance Benefits--Assignment of Multifamily and
Healthcare Mortgages to the Secretary (the ``Legal Instructions'').
OMB Approval Number: 2510-0006.
Type of Request: Extension of a currently approved collection.
Form Number: HUD form 2510.
Description of the need for the information and proposed use:
Mortgagees of FHA-insured mortgages may receive mortgage insurance
benefits upon assignment of mortgages to the Secretary. In connection
with the assignment, legal documents (e.g., mortgage, mortgage note,
security agreement, title insurance policy) must be submitted to HUD.
The instructions contained in the Legal Instructions describe the
documents to be submitted and the procedures for submission.
The Legal Instructions, in its current form and structure, can be
found at <a href="https://www.hud.gov/stat/ogc-legal-instructions-full-insurance-benefits">https://www.hud.gov/stat/ogc-legal-instructions-full-insurance-benefits</a>.
HUD proposes to revise this document with clarifying changes and
updates to reflect current HUD requirements and policies, including
requiring electronic submission for legal review, as well as current
practices in real estate, title insurance, hazard insurance and
mortgage financing transactions. Requiring electronic submission
reflects the current practices and preferences of respondents. Since
HUD began accepting electronic submission, HUD has not received any
physical submissions from respondents.
In addition, sample documents reflecting existing HUD requirements
and policies are being provided to assist with compliance with the
Legal Instructions.
Agency form numbers, if applicable: HUD form 2510.
Members of affected public: FHA-approved Mortgagees and their
counsel who have or will have multifamily rental or healthcare loans.
Estimation of the total numbers of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response:
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Frequency of Total burden
Number of respondents Burden hours response hours
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24 *......................................................... 26.5 1 636
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* This is the estimated number of respondents that could file a claim in a given year.
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;
(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., requiring electronic submission of responses or
revising the physical documentation requirements for electronically
filed or issued response; and
(5) Whether any updates may be made to replace the existing formal
legal language with plain language in the sample assignment documents
of the proposed collection of information.
HUD encourages interested parties to submit comment in response to
these questions.
C. Authority
12 U.S.C. 1701z-1 Research and Demonstrations.
Amanda Wahlig,
Acting Associate General Counsel for Legislation & Regulations.
[FR Doc. 2025-07370 Filed 4-28-25; 8:45 am]
BILLING CODE 4210-67-P
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</html>Indexed from Federal Register on April 29, 2025.
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