Mortgagees who elect to assign multifamily property to HUD complete form HUD-2537, MortgageeÂs 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.
There has been no changes to the program. However, the number of respondents have decreased due to the reengineering and Risk Sharing claims, which do not use HUD Form 2537.
$1,705
No
No
No
No
No
Uncollected
Rebecca Lovelace 202 402-3987
No
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.