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
Form HUD-2537 Mortgagee's Application for Partial Settlement (Multifamily Mortgage) Form and Instruction	New
FR 2502-0427.pdf Supplementary Document	2021-02-23
Published 60-Day FRN for OMB Collection 2502-0427, 12-17-2020.pdf Supplementary Document	2020-12-24
Supporting Statement A for OMB Collection 2502-0427.docx Supporting Statement A	2021-02-23
24 CFR Part 207.pdf Supplementary Document	2020-10-06
12 USC 13 - National Housing, Sec 1713.pdf Supplementary Document	2020-10-06

IC Document Collections

IC ID	Document Title	Status
42063	Mortgagee's Application for Partial Settlement (Multifamily Mortgage) Form and Instruction	Modified
244722	Mortgagee's Application for Partial Settlement (Multifamily Mortgage) Form and Instruction	New

ICR Details

OMB Control No: 2502-0427	ICR Reference No: 202010-2502-001
Status: Received in OIRA	Previous ICR Reference No: 201702-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagee's Application for Partial Settlement (Multifamily Mortgage)
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 02/23/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	110	0
Time Burden (Hours)	193	0
Cost Burden (Dollars)	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:
	85 FR 81944	12/17/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 10992	02/23/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Mortgagee's Application for Partial Settlement (Multifamily Mortgage)	HUD-2537, HUD-1044-D, HUD-2747	Mortgagee's Application for Partial Settlement ,   Multifamily Insurance Benefit Claim ,   Application for Insurance Benefits
Mortgagee's Application for Partial Settlement (Multifamily Mortgage)	HUD-2537, HUD-1044-D, HUD-2747	Mortgagee’s Application for Partial Settlement ,   Multifamily Insurance Benefit Claim ,   Application for Insurance Benefits

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ICR Summary of Burden

	Total Request	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	110	0	0	-5	0	115
Annual Time Burden (Hours)	193	0	0	164	0	29
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This is a revision of a currently approved collection. There has been an increase in the burden hours. The increase is due to the public burden hour usage not being captured for HUD-2747 and HUD-1044-D forms and should have been captured in the last OMB submission.

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Annual Cost to Federal Government: $63,024

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 02/23/2021

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