Mortgagee's Application for Partial Settlement (Multifamily Mortgage)

Forms and Documents

Document Name	Status
Form HUD-2537 Mortgagee's Application for Partial Settlement (Multifamily Mortgage) Form and Instruction	Modified
30 Day FR 2502-0427.pdf Supplementary Document	2014-02-19
24 cfr 207.251.doc Supplementary Document	2014-02-10
60 Day FR.pdf Justification for No Material/Nonsubstantive Change	2014-02-10
24 cfr 207 Part B.doc Supplementary Document	2014-02-10
12 USC 1713.docx Supplementary Document	2014-02-10
Supporting Statement A.docx Supporting Statement A	2014-02-10

IC Document Collections

IC ID	Document Title	Status
42063	Mortgagee's Application for Partial Settlement (Multifamily Mortgage) Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0427	ICR Reference No: 201310-2502-006
Status: Historical Active	Previous ICR Reference No: 201010-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagee's Application for Partial Settlement (Multifamily Mortgage)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/28/2014
	Date Received in OIRA: 02/19/2014
Terms of Clearance: This collection should have been filed as an extension.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2017	36 Months From Approved	04/30/2014
Responses	115	0	150
Time Burden (Hours)	29	0	38
Cost Burden (Dollars)	0	0	0

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Abstract: Mortgagees who elect to assign multifamily property to HUD complete form HUD-2537, Mortgagee’s Application for Partial Settlement, Multifamily Mortgage. HUD uses the information to process a partial claim payment within 24 to 48 hours after assignment or conveyance.

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Authorizing Statute(s): US Code: 12 USC 1713(g)-(r) Name of Law: National Housing Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 69705	11/20/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 9254	02/18/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Mortgagee's Application for Partial Settlement (Multifamily Mortgage)	HUD-2537	Mortgagee's Application for Partial Settlement

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	115	150	0	0	-35	0
Annual Time Burden (Hours)	29	38	0	0	-9	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The number of burden hours has slightly decreased due to slow foreclosures.

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Annual Cost to Federal Government: $1,302

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/19/2014

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