[Federal Register Volume 60, Number 200 (Tuesday, October 17, 1995)]
[Notices]
[Pages 53797-53798]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25588]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT


Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner; Notice of Proposed Information Collection for Public 
Comment

[Docket No. FR-3917-N-25]
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below 

[[Page 53798]]
will be 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: December 18, 1995.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Oliver Walker, Housing, 
Department of Housing & Urban Development, 451--7th Street, SW., Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Oliver Walker, Telephone number (202) 708-1694 (this is not a toll-free 
number) for copies of the proposed forms and other available documents.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    The Notice is soliciting comments from members of the public and 
affecting agencies concerning the proposed collection of information 
to: (1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; (2) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) Minimize the 
burden of the collection of information on those who are to respond; 
including through the use of appropriate automated collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    This Notice also lists the following information:
    Title of Proposal: Mortgagee's Request for Extension of Time.
    OMB Control Number: 2502-0436.
    Description of the need for the information and proposed use: 
Section 204 of the National Housing Act authorizes HUD to insure 
lenders against loss on approved single family housing mortgages. In 
the event of default and foreclosure of an insured mortgage the 
mortgagee is entitled to receive insurance benefits plus interest on 
such benefits from the date of default to the date of payment of the 
insurance benefits. HUD regulations require that the mortgage take 
certain actions within specific time limitations. Failure to meet such 
limitations may result in curtailment of interest on the insurance 
claim. The mortgagee may avoid the curtailment of interest by 
requesting an extension of time to complete an action before the time 
limit for the action expires. HUD may approve such request in writing.
    Agency form numbers: HUD-50012.
    Members of affected public: Mortgagees and lenders.
    An estimation of the total numbers of hours needed to prepare the 
information collection is 1,800, the number of respondents is 4,000, 
frequency of response is submitted only when the mortgagee requires an 
extension of time, and the hours of response is 800.
    Status of the proposed information collection: Extension of a 
currently approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: October 6, 1995.
Nicolas P. Retsinas,
Assistant Secretary for Housing US-Federal Housing Commissioner.
[FR Doc. 95-25588 Filed 10-16-95; 8:45 am]
BILLING CODE 4210-27-M