[Federal Register Volume 61, Number 156 (Monday, August 12, 1996)]
[Notices]
[Page 41946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20171]



  Federal Register / Vol. 61, No. 156 / Monday, August 12, 1996 / 
Notices  

[[Page 41946]]



DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-3638-N-06]


Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner; Proposed Collection; Comment Request

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of proposed information collection.

-----------------------------------------------------------------------

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. By separate 
notice in today's Federal Register, the Department is also soliciting 
comment for a 7-day emergency review period on the same and related 
information collection requirements covered by this notice.

DATES: Comments due: October 11, 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, Reports Liaison 
Officer, Department of Housing and Urban Development, 451--7th Street, 
SW., Room 9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Ivy M. Jackson, Real Estate Settlement Procedures Act (RESPA) 
Enforcement Unit, Department of Housing and Urban Development, Room 
5341, 451 7th Street, SW., Washington, DC 20410; phone (202) 708-4560 
(this is not a toll-free number). For copies of the proposed forms and 
other available documents contact Oliver Walker, Chief Directives, 
Reports and Forms Branch on 708-1694 extension 2144 (this is not a 
toll-free number). For hearing- and speech-impaired persons, these 
telephone numbers may be accessed via TTY (text telephone) by calling 
the Federal Information Relay Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: The Department will submit to OMB for review 
the proposed information collection contained in a rule published June 
7, 1996 (61 FR 29238) (``June 7 rule''), as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35). By two separate documents 
in today's Federal Register, the Department, simultaneously with this 
notice: (1) Is soliciting comment for a 7-day emergency review period 
on the same and related information collection requirements covered by 
this notice; and (2) is publishing a correction for the June 7 rule, 
which contained erroneous information about the approval status of 
these information collections.
    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: Controlled Business Arrangement Disclosure (CBA 
disclosure) under 24 CFR 3500.15, as amended by a rule published June 
7, 1996 (61 FR 29238).
    OMB Control Number: Pending.
    Description of the need for the information and proposed use: A 
settlement service provider or an employee of a settlement service 
provider is required to give the borrower a CBA disclosure prior to or 
at the time the borrower is referred to an affiliated provider. The CBA 
disclosure must be a separate piece of paper and the format must 
contain the following information.
    1. Specify the nature of the relationship (explaining the ownership 
and financial interest) between the person performing the settlement 
service and the person making the referral.
    2. Describe the estimated charges or range of charges generally 
made by the provider of settlement services.
    3. State that the borrower is not required to use the referred 
provider (except for certain circumstances).
    Agency form numbers, if applicable: None.
    Members of affected public: Settlement service providers and their 
employees.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: See below.

------------------------------------------------------------------------
  Number of           Frequency of          Hours per                   
 respondents    x       response      x     response     =  Burden hours
------------------------------------------------------------------------
10,000.......            2.4 mill.               0.10           240,000 
------------------------------------------------------------------------

    Total Estimated Burden Hours: 240,000.
    Status of the proposed information collection: Emergency review 
request pending for approval of disclosure requirements.

    Authority: 44 U.S.C. 3506; 42 U.S.C. 3535(d).

    Dated: August 1, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-20171 Filed 8-9-96; 8:45 am]
BILLING CODE 4210-27-M