[Federal Register Volume 61, Number 197 (Wednesday, October 9, 1996)]
[Notices]
[Pages 52953-52954]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25828]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4086-N-58]


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

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: December 9, 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:
Ivy Jackson, Telephone number (202) 708-4560 (this is not a toll-free 
number) for copies of 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:

[[Page 52954]]

    Title of Proposal: Initial Escrow Account Statement, Annual Escrow 
Account Statement.
    OMB Control Number: 2502-0501.
    Description of the need for the information and the proposed use: 
The Real Estate Settlement Procedures Act (RESPA) at 12 U.S.C. Section 
2609(c) requires mortgage lenders to provide the borrower a statement 
describing the initial collection of escrow account monies at 
settlement and to provide an annual account history and a projection of 
account deposits and disbursements for the ensuing 12 months.
    Agency form numbers: N/A.
    Members of affected public: Individuals and households; Business or 
other for-profit.
    An estimation of the total numbers of hours needed to prepare the 
information collection is 5,308,417, number of respondents is 
39,550,000 frequency response is annually and the collection of 
information is estimated to average 6 minutes per response.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: October 1, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-25828 Filed 10-8-96; 8:45 am]
BILLING CODE 4210-27-M