2510-0006 Published

5830-N-06 published 9.10.15.pdf

Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily Mortgages to the Secretary

2510-0006 Published

OMB: 2510-0006

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Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices
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
through 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: Accountability in
the Provision of HUD Assistance
‘‘Applicant/Recipient Disclosure/
Update Report’’.

Each applicant that submits an
application for assistance, within the
jurisdiction of the HUD, to a state or to
a unit of general local government for a
specific project or activity must disclose
this information whenever the dollar
threshold is met. This information must
be kept updated during the application
review process and while the assistance
is being provided.
Agency form numbers, if applicable:
HUD 2880.
Members of affected public:
Applicants for HUD competitively
funded assistance.
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 form, HUD 2880,
must be submitted as part of an
applicant’s application for
competitively funded assistance.

Number of respondents

Burden hours

Frequency of
response

Total burden
hours

16,900 ..........................................................................................................................................

2.0

1.2

40,560

Status of the proposed information
collection: Extension of a currently
approved collection.

Dated: September 2, 2015.
Camille E. Acevedo,
Associate General Counsel for Legislation and
Regulations.
[FR Doc. 2015–22734 Filed 9–9–15; 8:45 am]
BILLING CODE 4210–67–P

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5830–N–06]

60-Day Notice of Proposed Information
Collection; Legal Instructions
Concerning Applications for Full
Insurance Benefits—Assignment of
Multifamily Mortgages to the Secretary
AGENCY:

Office of the General Counsel,

HUD.
ACTION:

Notice.

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.

SUMMARY:

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17:28 Sep 09, 2015

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Comments Due Date: November
9, 2015.
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:
Nacheshia Foxx, Reports Liaison
Officer, Department of Housing and
Urban Development, 451 Seventh Street
SW., Room 10276, Washington, DC
20410–0500.
FOR FURTHER INFORMATION CONTACT:
Millicent Potts, Assistant General
Counsel for Multifamily Mortgage
Division, Office of General Counsel,
Department of Housing and Urban
Development, 451 7th Street SW., Room
9230, Washington, DC 20410–0500,
telephone (202) 708–1274 (this is not a
toll-free number) for a copy of the
instructions.
SUPPLEMENTARY INFORMATION: The
Department 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 of
information 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
DATES:

Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C. Chapter 35, as amended.

mstockstill on DSK4VPTVN1PROD with NOTICES

OMB Control Number, if applicable:
2510–0011.
Description of the need for the
information and proposed use: Section
102 of the Department of Housing and
Urban Development Reform Act of 1989
(HUD Reform Act) requires the
Department to ensure greater
accountability and integrity in the
provision of assistance administered by
the Department. One feature of the
statute requires certain disclosures by
applicants seeking assistance from HUD,
assistance from states and units of local
government, and other assistance to be
used with respect to the activities to be
carried out with the assistance. The
disclosure includes the financial
interests of persons in the activities, and
the sources of funds to be made
available for the activities, and the
proposed uses of the funds.

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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 through 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: Legal Instructions
Concerning Applications for Full
Insurance Benefits—Assignment of
Multifamily Mortgage to the Secretary.
OMB Control Number, if applicable:
2510–0006.
Description of the need for the
information and proposed use:
Mortgagees of HUD-insured mortgages
may receive mortgage insurance benefits
upon assignment of mortgages to HUD.
In connection with the assignment, legal
documents (e.g., mortgage, mortgage
note, security agreement, title insurance
policiy) must be submitted to the
Department. The instructions contained
in the Legal Instructions Concerning
Applications for Full Insurance
Benefits—Assigment of Multifamily
Mortgage describe the documents to be
submitted and the procedures for
submission.
The Legal Instructions Concerning
Applications for Full Insurance
Benefits—Assigment of Multifamily
Mortgage, in its current form and

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Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices

structure, can be found at http://
intraportal.hud.gov/hudportal/
documents/
huddoc?id=leginstrfullinsben.pdf.
HUD proposes to make the following
revisions to this document:
Under Part B, Submissions of Legal
Documents after Recordation of
Assignment, HUD proposes to add a
new paragraphs 12 and 13 to read as
follows:
12. Flood Insurance. If all or part of
the building(s) included within the
project are in a Special Flood Hazard
Area (SFHA), acceptable proof of flood
insurance coverage. This can be either
the original flood insurance policy
covering the building(s), a copy of the
Flood Insurance Application and
premium payment, a copy of the
declarations page, or evidence of flood
insurance, comprising flood insurance
coverage equal to the lesser of the
insurable value of the building(s) or the
maximum amount of coverage available
for that type of property under the
National Flood Insurance Program
(‘‘NFIP’’) (see www.fema.gov/business/
nfip/manual.shtm). The flood insurance
should name the mortgagee and the

[Insert name of the mortgagee] affirms
under penalty of law that the [describe flood
insurance policy by name of insurance
company or producer and policy number]
described in the [Evidence of Insurance or
other document name, as applicable] is in
full force and effect and names the Secretary
of Housing and Urban Development, of
Washington, DC, his/her successors and
assigns, 451 Seventh Street SW., Room 9230,
Washington, DC 20410–0500 as loss payee as
of [insert the date of assignment].

The effective date of this endorsement
and mortgagee’s affidavit, if applicable,
should be the date the assignment of
mortgage to the Secretary is filed for
record. The evidence of flood insurance
is acceptable if it contains language to

the effect that it is for informational
purposes only and does not confer
rights upon the holder of the policy only
if accompanied by the mortgagee’s
affidavit. A Certificate of Insurance is
not acceptable.
13. An assignment of the mortgagee’s
interest in the flood insurance policy
should state the following:
The interest of llllll, as the
Mortgagee under Policy No. llll
issued by llllll is hereby
assigned to the Secretary of Housing and
Urban Development of Washington, DC,
his/her successors and assigns.
Date: llll
Existing paragraphs 12 through 16
would be unchanged except for being
redesignated paragraaphs 14 through 18.
Agency form numbers, if applicable:
N/A
Members of affected public:
Mortgagees when applying for insurance
benefits from HUD.
Estimation of the total numbers of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response:

Number of respondents

Burden hours

Frequency of
response

Total burden
hours

359 ...............................................................................................................................................

26

1

9,334

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: September 3, 2015.
Camille E. Acevedo,
Associate General Counsel for Regulations
and Legislation.
[FR Doc. 2015–22759 Filed 9–9–15; 8:45 am]
BILLING CODE 4210–67–P

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5831–N–43]

30-Day Notice of Proposed Information
Collection: Neighborhood Stabilization
Program 2 (NSP2) Reporting
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
mstockstill on DSK4VPTVN1PROD with NOTICES

Secretary of Housing and Urban
Development of Washington, DC, his/
her successors and assigns as mortgagee
and loss payee respectively. The flood
insurance must be in effect at least
through 11:59 p.m. on the date on
which the assignment of mortgage is
recorded. In addition, if the mortgagee
submits evidence of flood insurance, the
mortgagee must submit an affidavit that
contains the following language and is
otherwise acceptable to HUD:

HUD has submitted the
proposed information collection
requirement described below to the
Office of Management and Budget
(OMB) for review, in accordance with
the Paperwork Reduction Act. The

SUMMARY:

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17:28 Sep 09, 2015

Jkt 235001

purpose of this notice is to allow for an
additional 30 days of public comment.
DATES: Comments Due Date: October 13,
2015.
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:
HUD Desk Officer, Office of
Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–5806. Email:
[email protected].
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QMAC, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
This is not a toll-free number. Persons
with hearing or speech impairments
may access this number through TTY by
calling the toll-free Federal Relay
Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is

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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 June 30, 2015 at
80 FR 37285.
A. Overview of Information Collection
Title of Information Collection:
Neighborhood Stabilization Program 2
(NSP2) Reporting.
OMB Approval Number: 2506–0185.
Type of Request: Extension of
previously approved collection.
Form Number: N/A.
Description of the need for the
information and proposed use: This
information describes the reporting and
recordkeeping requirements of the
Neighborhood Stabilization Program 2
(NSP2). The data required includes
program level, project level and
beneficiary level information collected
and reported on by NSP2 grantees. The
data identifies who benefits from the
NSP2 program and how statutory
requirement are satisfied. The
respondents are State, local government,
non-profit and consortium applicants.

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