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. There has been an increase in the
responses per year and to the annual hours burden previously
reported. However, there has been no change to the information
being collected. The public burden hour usage was not previously
captured for HUD-2741 instruction form and should have been
included. This information has now been added to the form.
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.