HUD Solicits Public Comments on Proposed Information Collection for Multifamily Mortgage

Summary

The Department of Housing and Urban Development (HUD) has submitted a proposed information collection requirement to the Office of Management and Budget (OMB) for review, seeking public comments on the requirement, which involves a mortgagee's application for partial settlement of a multifamily mortgage, and the subsequent processing of a partial claim payment within 24 to 48 hours after assignment or conveyance.