30 Day FR

2502-0322 30 Day FR.pdf

Disclosure of Adjustable Rate Mortgages (ARMs) Rates

30 Day FR

OMB: 2502-0322

Document [pdf]
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lotter on DSK11XQN23PROD with NOTICES1

Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices
operations), the Federal Government, or
national security; and (3) the disclosure
made to such agencies, entities, and
persons is reasonably necessary to assist
in connection with [the agency’s] efforts
to respond to the suspected or
confirmed breach or to prevent,
minimize, or remedy such harm.
13. To another Federal agency or
Federal entity, when [the agency]
determines that information from this
system of records is reasonably
necessary to assist the recipient agency
or entity in (1) responding to a
suspected or confirmed breach or (2)
preventing, minimizing, or remedying
the risk of harm to individuals, the
recipient agency or entity (including its
information systems, programs, and
operations), the Federal Government, or
national security, resulting from a
suspected or confirmed breach.
14. To the Universal Service
Administrative Company (USAC),
which is designated by the Federal
Communications Commission (FCC) as
the Federal administrator of the
Universal Service Fund (USF or Fund)
Lifeline Program (Lifeline), the
Emergency Broadband Benefit (EBB)
program and other Federal
Telecommunications Benefit (FTB)
programs that utilizes Lifeline eligibility
criteria as specified by the Lifeline
program, 47 CFR 54.409. The purpose of
this routine use is to establish eligibility
for the Lifeline, EBB and other FTB
programs for families which also
participate in a HUD rental assistance
program.
15. To any Federal, State, or local
agency (e.g., State agencies
administering the State’s unemployment
compensation laws, Temporary
Assistance to Needy Families, or
Supplemental Nutrition Assistance
Program agencies, U.S. Department of
Health and Human Services, and U.S.
Social Security Administration): To
verify the accuracy and completeness of
the data provided, to verify eligibility or
continued eligibility in HUD’s rental
assistance programs, to identify and
recover improper payments under the
Payment Integrity Information Act of
2019, Public Law 116–117., and to aid
in the identification of tenant errors,
fraud, and abuse in assisted housing
programs.
16. To contractors, grantees, experts,
consultants, Federal agencies, and nonFederal entities, including, but not
limited to, State and local governments
and other research institutions or their
parties, and entities and their agents
with whom HUD has a contract, service
agreement, grant, cooperative
agreement, or other agreement for the
purposes of statistical analysis and

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research in support of program
operations, management, performance
monitoring, evaluation, risk
management, and policy development,
or to otherwise support the
Department’s mission. Research and
analysis activities may include the
matching of the records in this system
with information from any other source.
POLICIES AND PRACTICES FOR STORAGE OF
RECORDS:

Electronic and paper.

Records are retrieved by name and
Social Security Number.
POLICIES AND PRACTICES FOR RETENTION AND
DISPOSAL OF RECORDS:

Electronic records are maintained and
destroyed in accordance with
requirements of the HUD Records
Disposition Schedule, 2225–6. In
accordance with 24 CFR 908.101 and
HUD record retention requirements at
24 CFR 85.42, PHAs are required to
retain at least ‘three years’ worth of
IMS/PIC and HIP data either
electronically or in paper form.
ADMINISTRATIVE, TECHNICAL, AND PHYSICAL
SAFEGUARDS:

Records are maintained at the U.S.
Department of Housing and Urban
Development in Washington, DC with
limited access to those persons whose
official duties require the use of such
records. Computer files and printed
listings are maintained in locked
cabinets. User’s access, updates access,
read-only access, and approval access
are granted based on the user’s role and
security access level.
RECORD ACCESS PROCEDURES:

Individuals requesting records of
themselves should address written
inquiries to the Department of Housing
Urban and Development 451 7th Street
SW, Washington, DC 20410–0001. For
verification, individuals should provide
their full name, current address, and
telephone number. In addition, the
requester must provide either a
notarized statement or an unsworn
declaration made under 24 CFR 16.4.
CONTESTING RECORD PROCEDURES:

The HUD rule for contesting the
content of any record pertaining to the
individual by the individual concerned
is published in 24 CFR 16.8 or may be
obtained from the system manager.
NOTIFICATION PROCEDURES:

Individuals requesting notification of
records of themselves should address
written inquiries to the Department of

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Housing Urban Development, 451 7th
Street SW, Washington, DC 20410–0001.
For verification purposes, individuals
should provide their full name, office or
organization where assigned, if
applicable, and current address and
telephone number. In addition, the
requester must provide either a
notarized statement or an unsworn
declaration made under 24 CFR 16.4.
EXEMPTIONS PROMULGATED FOR THE SYSTEM:

None.

POLICIES AND PRACTICES FOR RETRIEVAL OF
RECORDS:

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66041

HISTORY:

Docket No. FR–7077–N–07 published
on March 25, 2019, at 88 FR 17004.
LaDonne White,
Chief Privacy Officer, Office of
Administration.
[FR Doc. 2023–20830 Filed 9–25–23; 8:45 am]
BILLING CODE P

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7070–N–58]

30-Day Notice of Proposed Information
Collection: Disclosure of AdjustableRate Mortgage (ARM) Rates OMB
Control No.: 2502–0322
Office of Policy Development
and Research, Chief Data Officer, HUD.
ACTION: Notice.
AGENCY:

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 www.reginfo.gov/public/do/
PRAMain. 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
SUMMARY:

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Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices

7th Street SW, Room 8210, Washington,
DC 20410–5000; email
PaperworkReductionActOffice@
hud.gov.
FOR FURTHER INFORMATION CONTACT:

lotter on DSK11XQN23PROD with NOTICES1

Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 7th Street SW,
Room 8210, Washington, DC 20410;
email [email protected] 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
https://www.fcc.gov/consumers/guides/
telecommunications-relay-service-trs.
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 43136.

post-endorsement quality review, or the
lender sends the file to HUD for claim.
HUD may review collected disclosures
to ensure compliance with the ARM
disclosure requirements.
Respondents: Lenders.
Estimated Number of Respondents:
2250.
Estimated Number of Responses:
60,401.
Frequency of Response: One per FHAinsured adjustable rate loan.
Average Hours per Response: .05.
Total Estimated Burden: 3,020.
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
A. Overview of Information Collection
be collected; and
Title of Information Collection:
(4) Ways to minimize the burden of
Disclosure of Adjustable Rate Mortgage
the collection of information on those
(ARM) Rates.
OMB Approval Number: 2502–0322.
who are to respond; including through
OMB Expiration Date: 8–31–2023.
the use of appropriate automated
Type of Request: Extension.
collection techniques or other forms of
Form Number: None.
information technology, e.g., permitting
Description of the need for the
electronic submission of responses.
information and proposed use: Mortgage
(5) Ways to minimize the burden of
lenders must provide loan applicants
the collection of information on those
wishing to obtain an FHA-insured
Adjustable Rate Mortgage (ARM) with a who are to respond, including the use
of automated collection techniques or
pre-loan disclosure that includes a
other forms of information technology.
written explanation of the ARM loan
features. Loan servicers must also
HUD encourages interested parties to
provide mortgagors with adjustable rate submit comment in response to these
mortgages an annual ARM Disclosure
questions.
Notice at least 25 days before any
C. Authority
adjustment to a mortgagor’s monthly
payment may occur, advising the
Section 3507 of the Paperwork
borrower of the new interest rate, the
Reduction Act of 1995, 44 U.S.C. 3507.
new monthly payment, index value and
how the adjustment was calculated.
Colette Pollard,
Lenders generate the ARM Disclosures
Department Reports Management Officer,
electronically and generally provide
Office of Policy Development and Research,
these disclosures on paper to their
Chief Data Officer.
borrowers or in electronic formats. HUD [FR Doc. 2023–20829 Filed 9–25–23; 8:45 am]
collects the pre-loan ARM disclosure as BILLING CODE 4210–67–P
part of the origination case binder. HUD
may collect post-closing ARM
disclosures as part of HUD’s program
monitoring and enforcement activities,
e.g., when a loan is selected for HUD’s

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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
Office of Policy Development
and Research, Chief Data Officer, HUD.
ACTION: Notice.
AGENCY:

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 www.reginfo.gov/public/do/
PRAMain. 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
PaperworkReductionActOffice@
hud.gov.
SUMMARY:

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 [email protected] 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
https://www.fcc.gov/consumers/guides/
telecommunications-relay-service-trs.

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File Created2023-09-27

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