Implementation of the Privacy Act of 1974, as Amended; Notice of New System of Records-Application Submission and Processing System

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Pursuant to the Privacy Act of 1974 (U.S.C. 552a (e)(4)), as amended, and Office of Management and Budget (OMB), Circular No. A-130, notice is hereby given that the Department of Housing and Urban Development (HUD), Office of Multifamily Housing (MFH), proposes to establish a new system of records: The MFH Application Submission and Processing System (ASAP). MFH ASAP will be an a comprehensive, automated underwriting system to support the processing and tracking MFH insurance applications from pre-application through final closing. The system provides an improved way of managing data and the electronic processing of the lender applications. Upon full implementation, this new system will replace in its entirety the MFH Development Application Processing system (DAP) and the supporting system of records.