[Federal Register Volume 61, Number 181 (Tuesday, September 17, 1996)]
[Notices]
[Pages 48880-48881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23704]


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DEPARTMENT OF AGRICULTURE
Rural Housing Service


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCY: Rural Housing Service, USDA.

ACTION: Proposed collection; comments request.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Rural Housing Service's (RHS) intention to request 
an extension for a currently approved information collection in support 
of Sections 514, 515, 516, and 521 programs authorized under Title V of 
the Housing Act of 1949, as amended, regarding borrower supervision and 
servicing for Multi-Family Housing Loans and Grants.

DATES: Comments on this notice must be received by November 18, 1996.

FOR FURTHER INFORMATION CONTACT:
MaryAnne Gallaway, Loan Specialist, Multi-Family Housing Portfolio 
Management, RHS, U.S. Department of Agriculture, Stop 0782, Washington, 
DC 20250, Telephone (202) 690-0759.

SUPPLEMENTARY INFORMATION: 

    Title: Security Servicing for Multiple Family Housing Loans.
    OMB Number: 0575-0100.
    Expiration Date of Approval: March 31, 1997.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: The rural housing loan and grant programs under Sections 
514, 515, 516, and 521 of Title V of the Housing Act of 1949, as 
amended, provide loans and grants to eligible recipients for the 
development and operation of rural rental housing. These programs are 
intended to meet the housing needs of persons or families including 
senior citizens, the handicapped or disabled and domestic farm 
laborers, having low to moderate incomes.
    In order to assist its borrowers to operate and maintain these 
properties to meet program objectives, improve the Agency's ability to 
assure the continued

[[Page 48881]]

availability of the facilities financed under RHS multiple housing 
programs and protect the Government's security interest, RHS provides 
for a variety of servicing actions and guidance to Agency field staff 
in processing these servicing actions.
    RHS will be collecting information from borrowers, borrower 
representatives, Agency personnel and representatives from other 
sources of credit. This information is needed by RHS to determine under 
what circumstances borrowers may need and qualify for the various 
servicing options available and develop more flexibility in Agency 
regulations in order to provide borrowers with a wide range of 
servicing options and increase the opportunity for successfully meeting 
loan and program objectives.
    If not collected, RHS would be unable to provide the widest range 
of servicing options available and thereby possibly causing borrowers 
to fail in meeting loan and program objectives and/or protect the 
security interest of the Government.
    Estimate of Burden: Public reporting for this collection of 
information is estimated to average 1.67 hours per response.
    Respondents: Small business or organizations.
    Estimated Number of Respondents: 945.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 1,587 hours.
    Copies of this information collection can be obtained from Barbara 
Williams, Regulations and Paperwork Management Division, at (202) 720-
9734.

Comments

    Comments are invited on: (a) whether the proposed collection of 
information is necessary for the proper performance of the functions of 
RHS, including the information will have practical utility; (b) the 
accuracy of RHS's estimate of the burden of the proposed collection of 
information including the validity of the methodology and assumptions 
used; (c) ways to enhance the quality, utility and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on those who are to respond, including 
through the use of appropriate automated, electronic, mechanical, or 
other technological collection techniques or other forms of information 
technology. Comments may be sent to Barbara Williams, Regulations and 
Paperwork Management Division, U.S. Department of Agriculture, Stop 
0743, 1400 Independence Ave, SW, Washington, DC 20250. All responses to 
this notice will be summarized and included in the request for OMB 
approval. All comments will also become a matter of public record.

    Dated: September 9, 1996.
Maureen Kennedy,
Administrator, Rural Housing Service.
[FR Doc. 96-23704 Filed 9-16-96; 8:45 am]
BILLING CODE 3410-07-U