[Federal Register Volume 59, Number 98 (Monday, May 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12520]


[[Page Unknown]]

[Federal Register: May 23, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. N-94-3775]

 

Notice of 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.

DATES: Comments due date: June 22, 1994.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. 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 SW., 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: May 2, 1994.
John T. Murphy,
Director, IRM Policy and Management Division.
    Proposal: Insurance of Adjustable Rate Mortgages.
    Office: Housing.
    Description of the Need for the Information and Its Proposed Use: 
This information is part of a disclosure statement lenders must furnish 
to borrowers to state that the interest rate on the mortgage may 
change, to identify the index used and the frequency of adjustments, 
and to provide a hypothetical payment schedule showing increases over 
the first five years.
    Form Number: None.
    Respondents: Businesses or other for-profit.
    Frequency of Submission: On occasion.
    Reporting Burden: 

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                     No. of                    Frequency of                 Hours per                   Burden  
                  respondents         x          response          x         response        =          hours   
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Application....          20,000                            1                       .07        1,400             
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    Total Estimated Burden Hours: 1,400.
    Status: Extension, no changes.
    Contact: Sandy Krems, HUD, (202) 708-4979; Jospeh F. Lackey, Jr., 
OMB, (202) 395-7316.

    Dated: May 2, 1994.

[FR Doc. 94-12520 Filed 5-20-94; 8:45 am]
BILLING CODE 4210-01-M