When the terms of a Multifamily
contract are breached or when a mortgagee meets conditions stated
within the Multifamily contract for an automatic assignment, the
holder of the mortgage may file for insurance benefits. To receive
these benefits, the mortgagee must prepare and submit to HUD the
Multifamily Insurance Benefits Claims Package. HUD uses the
information collection to determine the insurance benefits owed to
the mortgagee.
US Code:
12
USC 1713(g) Name of Law: Title II, Section 207(g), of the
National Housing Act
This is a revision of a
currently approved collection. The language was updated on several
of the HUD forms per recommendation from HUD’s Office of General
Counsel (OGC) and Office of Inspector General (OIG); minor change
to Certification statement: on Forms HUD-2744-A, B, C, and D –
changed the word “above” to the words “on this form”. There has
been an increase in the annual burden hours previously reported.
The increase is due to a correction being made to the Estimate
Average Burden Hours Per Response previously captured on form
HUD-1044 D from 0.25 to 0.5 hours.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.