Notice of Proposed Information Collection: Comment Request; ...

Tag : in process
Notice of Proposed Information Collection: Comment Request;FHA-Insured Mortgage Loan Servicing Involving the Claims andConveyance Process, Property Inspection/Preservation

Released : Saturday, July 12, 2008 10:25 AM
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD)
Office of the Assistant Secretary for Housing -- Federal HousingCommissioner
Notice.
Citation: "73 FR 40359"
Document Number: "Docket No. FR-5191-N-16"
Page Number: "40359"
"Notices"
SUMMARY: The proposed information collection requirement describedbelow will be submitted to the Office of Management and Budget(OMB) for review, as required by the Paperwork Reduction Act. TheDepartment is soliciting public comments on the subject proposal.
DATES: Comments Due Date: September 12, 2008.
ADDRESSES: Interested persons are invited to submit commentsregarding this proposal. Comments should refer to the proposal byname and/or OMB Control Number and should be sent to: LillianDeitzer, Departmental Reports Management Officer, QDAM, Departmentof Housing and Urban Development, 451 7th Street, SW., Washington,DC 20410; e-mail Lillian-L.-Deitzer@HUD.gov or telephone (202)402-8048.
FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director,Office of Single Family Program Development, Department of Housingand Urban Development, 451 7th Street, SW., Washington, DC 20410,telephone (202) 402-2419 (this is not a toll free number) forcopies of the proposed forms and other available information.
SUPPLEMENTARY INFORMATION: The Department is submitting theproposed information collection to OMB for review, as required bythe Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, asamended).
This Notice is soliciting comments from members of the publicand affected agencies concerning the proposed collection ofinformation to: (1) Evaluate whether the proposed collection isnecessary for the proper performance of the functions of theagency, including whether the information will have practicalutility; (2) Evaluate the accuracy of the agency's estimate of theburden of the proposed collection of information; (3) Enhance thequality, utility, and clarity of the information to be collected;and (4) Minimize the burden of the collection of information onthose who are to respond; including the use of appropriateautomated collection techniques or other forms of informationtechnology, e.g., permitting electronic submission of responses.
This Notice also lists the following information:
Title of Proposal: FHA-Insured Mortgage Loan Servicing Involvingthe Claims and Conveyance Process, PropertyInspection/Preservation.
OMB Control Number, if applicable: 2502-0429.
Description of the need for the information and proposed use:FHA insurance is an important source of mortgage credit for low andmoderate-income borrowers and their neighborhoods. It is essentialthat FHA maintain a healthy mortgage insurance fund throughpremiums charged the borrower by FHA along with Federal budgetreceipts generated from those premiums to support HUD's goals.Providing policy and guidance to the single family housing mortgageindustry regarding changes in FHA's program is essential to protectthe fund. The OMB information requests referred to below provideHUD's policy and guidance. This information collection request forOMB review seeks to combine the requirements of three existing OMBcollections under this collection. The OMB collections are asfollows; OMB collections 2502-0268 "Request for OccupiedConveyance", 2502-0349 "Certified Eligibility for Adjustments forDamage or Neglect" and 2502-0436 "Mortgagee's Request for Extensionof Time".
Agency form numbers, if applicable: HUD-09519-A, PropertyInspection Report, HUD-09539, Request for Occupied Conveyance,HUD-27011, Parts A, B, C, D, E, Single Family Application forInsurance Benefits, HUD-50002, Request to Exceed Cost Limits forPreservation and Protection, HUD-50012, Mortgagees Request forExtension of Time Requirements, HUD-91022, Mortgagee Notice ofForeclosure Sale.
Estimation of the total numbers of hours needed to prepare theinformation collection including number of respondents, frequencyof response, and hours of response: The number of burden hours is692,304, the number of respondents is 223, the number of responsesis 614,728, the frequency of response is on occasion, and theburden hour per response is from less than a minute to 4 hoursdepending upon the activity.
Status of the proposed information collection: This is anexisting collection (OMB 2502-0429) that will be revised.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,Chapter 35, as amended.
Dated: July 3, 2008.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy FederalHousing Commissioner.
[FR Doc. E8-15919 Filed 7-11-08; 8:45 am]
BILLING CODE 4210-67-P
Copyright 2008 Federal Information & News Dispatch, Inc.
Provider:
Federal Information & News Dispatch, Inc. / Federal Register
Keywords:
Mortgage Banking , Banking , U.S. Banking Regulatory , U.S. Retail Banking Services , U.S. Banking , U.S. Banking Business News , Banking Regulatory , North American Construction , Construction Regulatory , Residential Construction , U.S. Construction , U.S. Business News , Business News , Consumer Finance , Construction , Financial Services Regulatory , Financial Services , Top World News , Americas , North America , Urban Housing Policy , U.S. Housing & Urban Development , Commercial Property & Casualty Insurance , North American Insurance