[Federal Register Volume 59, Number 64 (Monday, April 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8011]


[[Page Unknown]]

[Federal Register: April 4, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. N-94-3747]

 

Submission of Proposed Information Collection to OMB

AGENCY: Office of Administration, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this notice. Comments should refer to the proposal by name 
and should be sent to: Joseph F. Lackey, Jr., OMB Desk Officer, Office 
of Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT:
Kay F. Weaver, Reports Management Officer, Department of Housing and 
Urban Development, 451 7th Street, Southwest, Washington, DC 20410, 
telephone (202) 708-0050. This is not a toll-free number. Copies of the 
proposed forms and other available documents submitted to OMB may be 
obtained from Ms. Weaver.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35).
    The notice lists the following information:
    (1) The title of the information collection proposal;
    (2) The Office of the agency to collect the information;
    (3) The description of the need for the information and its 
proposed use;
    (4) The agency form number, if applicable;
    (5) What members of the public will be affected by the proposal;
    (6) How frequently information submissions will be required;
    (7) An estimate of the total number of hours needed to prepare the 
information submission including number of respondents, frequency of 
response, and hours of response;
    (8) Whether the proposal is new or an extension, reinstatement, or 
revision of an information collection requirement; and
    (9) The names and telephone numbers of an agency official familiar 
with the proposal and of the OMB Desk Officer for the Department.

    Authority: Section 3507 of the Paperwork Reduction Act, 44 
U.S.C. 3507; section 7(d) of the Department of Housing and Urban 
Development Act, 42 U.S.C. 3535(d).

    Dated: March 4, 1994.
John T. Murphy,
Director, IRM Policy and Management Division.

Submission of Proposed Information Collection to OMB

    Proposal: Good Faith Estimate and Special Information Booklet.
    Office: Housing.
    Description of the Need for the Information and Its Proposed Use: 
Section 5 of the Real Estate Settlement Procedures Act (RESPA) requires 
lenders to provide borrowers the Special Information Booklet and the 
Good Faith Estimate of Settlement Costs that informs them of the nature 
and costs of real estate settlement services. Section 4 of RESPA 
requires settlement agents to provide the borrowers and the sellers a 
HUD-1 which sets forth all settlement costs.
    Form Number: HUD-1.
    Respondents: Businesses or Other For-Profit.
    Frequency of Submission: On Occasion.
    Reporting Burden: 

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                                               Number of         Frequency of          Hours per         Burden 
                                             respondents    x      response     x      response     =     hours 
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Good Faith Estimate and HUD-1.............          20,000               173.5                 .25       867,501
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    Total Estimated Burden Hours: 867,501.
    Status: Reinstatement.
    Contact: Ivy M. Jackson, HUD, (202) 708-4560. Joseph F. Lackey, 
Jr., OMB, (202) 395-7316.

    Dated: March 4, 1994.

[FR Doc. 94-8011 Filed 4-1-94; 8:45 am]
BILLING CODE 4210-01-M