[Federal Register Volume 61, Number 91 (Thursday, May 9, 1996)]
[Notices]
[Pages 21200-21201]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11552]



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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-73]
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 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: July 8, 1996.

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 and Urban Development, 451--7th Street, SW, Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Donald Kline, Single Family Operations Division, telephone number (202) 
708-0614, ext. 3511 (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: Mortgage Record Change.
    OMB Control Number: 2502-0422.
    Description of the need for the information and proposed use: The 
Mortgage Record Change Form HUD-92080 is used by mortgagees to comply 
with HUD requirements for reporting the sale of mortgage between 
investors, 24.4031, and/or transfer of the mortgage servicing 
responsibility, 24 CFR 203.502, as appropriate.
    The information required is used to update HUD's Single Family 
Insurance System and other related systems. Current data is necessary 
to establish mortgage premium liability, forward annual premium 
mortgage data to the appropriate mortgagee/servicer, and maintain 
premium receivable and program data regarding investors/servicer 
activity. Without the required data the premium collection/monitoring 
function would be severely impeded and program data would be 
unreliable. Annual expected amount due Regular Monthly Insurance 
Premiums (Section 530) is 3.23 billion and 1.85 billion for Risk-base 
premium. This information is essential for the Risk-base program, as 
HUD does case level accounting in recording premiums payments by 
mortgagees.
    Agency form numbers: HUD-92080.
    Members of affected public: Mortgagees.
    An estimate of the total numbers of hours needed to prepare the 
information collection is 222,600 (burden of one tenth hour per 
response based on actual time required to complete form), the number of 
respondents is approximately 9,100, frequency of response is daily as 
required, and the volume of response per respondent 20-20,000 annually 
depending on size of their FHA portfolio.

[[Page 21201]]

    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: April 29, 1996.
Stephanie A. Smith,
Acting General Deputy, A/S Secretary for Housing--Federal Housing 
Commissioner.
[FR Doc. 96-11552 Filed 5-8-96; 8:45 am]
BILLING CODE 4210-27-M