[Federal Register Volume 78, Number 52 (Monday, March 18, 2013)]
[Notices]
[Pages 16701-16702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-06111]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5687-N-10]


Notice of Proposed Information Collection: Comment Request 
Multifamily Default Status Report

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

[[Page 16702]]


ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. HUD is 
soliciting public comments on the subject proposal.

DATES: Comments Due Date: May 17, 2013.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Reports Liaison Officer, 
Department of Housing and Urban Development, 451 7th Street SW., 
Washington, DC 20410, Room 9120 or the number for the Federal 
Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: Mark Van Kirk, Director, Office of 
Multifamily Asset Management, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410; telephone (202) 
402-2558 (this is not a toll free number) for copies of the proposed 
forms and other available information.

SUPPLEMENTARY INFORMATION: HUD is submitting the proposed information 
collection to OMB for review, as required by the Paperwork Reduction 
Act of 1995 (44 U.S.C. Chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection is necessary for the 
proper performance of the functions of the agency, including whether 
the information will have practical utility; (2) Evaluate the accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Enhance the quality, utility, and clarity of the 
information to be collected; and (4) Minimize the burden of the 
collection of information on those who are to respond; including the 
use of appropriate automated collection techniques or other forms of 
information technology, e.g., permitting electronic submission of 
responses.
    This Notice also lists the following information:
    Title of Proposal: Multifamily Default Status Report.
    OMB Control Number, if applicable: 2502-0041.
    Description of the need for the information and proposed use: 
Mortgagees use this information collection to notify HUD that a project 
owner is delinquent (16 days) or more than 30 days past due on a 
mortgage payment, and to elect to assign a defaulted mortgage to the 
Department (per regulations at 24 CFR Part 207.256) by the 75th day 
from the date of default. To avoid an assignment of mortgage to HUD, 
which costs the Government millions of dollars each year, HUD and the 
mortgagor may develop a plan for reinstating the loan since HUD uses 
the information as an early warning mechanism. HUD Field Office and 
Headquarters staff use the data to (a) monitor mortgagee compliance 
with HUD's loan servicing procedures and assignments; and (b) 
potentially avoid mortgage assignments. This information is submitted 
electronically via the Internet.
    Agency form numbers, if applicable: HUD-92426.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The number of burden hours is 1,159. 
The number of respondents is 44, the number of responses is 6,959, the 
frequency of response is 158, and the burden hour per response is 10 
minutes.
    Status of the proposed information collection: Extension of a 
currently approved collection.
    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 
35, as amended.

    Dated: March 12, 2013.
Laura M. Marin,
Acting General Assistant Secretary for Housing--Acting General Deputy 
Federal Housing Commissioner.
[FR Doc. 2013-06111 Filed 3-15-13; 8:45 am]
BILLING CODE 4210-67-P