[Federal Register Volume 62, Number 22 (Monday, February 3, 1997)]
[Notices]
[Page 5029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2597]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-3638-N-09]


Submission for OMB Review: Comment Request

AGENCY: Office of Administration, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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 date: March 5, 1997.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this Notice. Comments should refer to the proposal by name 
and/or OMB approval number should be sent to: Joseph F. Lackey, Jr., 
OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Kay F. Weaver, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
Southwest, Washington, DC 20410, telephone (202) 708-0050. This is not 
a toll-free number. Copies of the proposed forms and other available 
documents submitted to OMB may be obtained from Ms. Weaver.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35).
    The Notice lists the following information: (1) the title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the names and telephone 
numbers of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: January 23, 1997.
David S. Cristy,
Acting Director, Information Resources, Management Policy and 
Management Division.

Notice of Submission of Proposed Information Collection to OMB

    Title of Proposal: Affiliated Business Arrangement Disclosure (FR-
3638).
    Office: Housing.
    OMB Approval Number: 2502-0516.
    Description of the Need for the Information and its Proposed Use: A 
settlement service provider or an employee of a settlement service 
provider is required to give the borrower an affiliated business 
arrangement disclosure prior to or at the time the borrower is referred 
to an affiliated provider. The disclosure must be a separate document 
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 changes or range 
of changes generally made by the provider of settlement services; and 
(3) state that the borrower is not required to use the referred 
provider (except for certain circumstances).
    Form Number: None.
    Respondents: Individuals or Households and Business or Other For-
Profit.
    Frequency of Submission: Third Party Disclosure.

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                                   Number of            Frequency of           Hours per                        
       Reporting burden           respondents     x       response      x       response      =   Burden  hours 
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Third party disclosure........          10,000                   240                   .10              240,000 
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    Total Estimated Burden Hours: 240,000.
    Status: Extension, without changes.
    Contact: Ivy M. Jackson, HUD, (202) 708-4560; Joseph F. Lackey, 
Jr., OMB, (202) 395-7316.

[FR Doc. 97-2597 Filed 1-31-97; 8:45 am]
BILLING CODE 4210-01-M