[Federal Register Volume 62, Number 37 (Tuesday, February 25, 1997)]
[Notices]
[Pages 8452-8453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4684]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4200-N-31]


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: April 28, 1997.


[[Page 8453]]


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: Joseph McCloskey, Telephone number 
(202) 708-1672 (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: Monthly Delinquent Loan Report.
    OMB Control Number: 2502-0060.
    Description of the need for the information and the proposed use: 
The data compiled from the information collected is a management tool 
which assists HUD in monitoring, evaluating and comparing the 
performance and servicing practices of HUD-approved mortgagees.
    HUD uses the data collected to identify potential risks to the 
insurance fund. A high default/foreclosure ratio is an immediate 
indicator that a mortgagee may be servicing its loans in a manner that 
encourages defaults and which increases HUD's exposure and likelihood 
of paying a claim.
    Agency form numbers: HUD-92068A.
    Members of affected public: Business or other for-profit.
    An estimation of the total numbers of hours needed to prepare the 
information collection is 24,000, number of respondents is 4,000, 
frequency of response is monthly and the hours per response is .5.
    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: February 19, 1997.
Nicolas P. Retsinas,
Assistant Secretary for Housing, Federal Housing Commissioner.
[FR Doc. 97-4684 Filed 2-24-97; 8:45 am]
BILLING CODE 4210-27-M