[Federal Register Volume 62, Number 118 (Thursday, June 19, 1997)]
[Notices]
[Pages 33433-33434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16078]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-3927-N-04]


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: August 18, 1997.

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 & Urban Development, 451--7th Street, SW, Room 
9116, Washington, DC 20410.


[[Page 33434]]


FOR FURTHER INFORMATION CONTACT:
Diane L. Lobasso, Home Mortgage Insurance (202) 708-2700 ext. 2191; TDD 
(202) 708-4594 (this is not a toll-free number) for copies of the 
proposed forms and other available.

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: Revision of the Section 235(r) Refinancing 
Procedures (FR-3927).
    OMB Control Number: 2502-0456.
    Description of the need for the information and the proposed use:
    The information is collected by the originating lender from the 
mortgage application and is used by the originating lender to process 
the applications for Section 235(r) mortgage insurance and assistance. 
The applications are underwritten and certified by the originating 
lender.
    The information is needed for the evaluation of the applications, 
the Department's financial management and accounting system(s) and the 
Department's monitoring of the origination and servicing activities of 
the lender.
    If the information is not collected the originating lender cannot 
make the proper underwriting decision and the Department's data base 
would be incomplete for its financial management and accounting 
system(s). Furthermore, the Department's efforts to monitor the 
origination and servicing activities of the lender would be 
debilitated.
    Agency form numbers: HUD-93114.
    Members of affected public: Approximately 23,000 (each potential 
mortgage refinance transaction is an equivalent respondent).
    An estimation of the total number of hours needed to prepare the 
information including number of respondents, frequency of response, and 
hours of response is .34 hours (6,437 hours annually) per 1 respondent 
out of 23,000 respondents.
    Status of the proposed information collection: Reinstatement, 
without change, of a previously approved collection for which approval 
has expired.

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

    Dated: June 13, 1997.
Stephanie A. Smith,
General Deputy Assistant Secretary for Housing-Federal Housing 
Commissioner.
[FR Doc. 97-16078 Filed 6-18-97; 8:45 am]
BILLING CODE 4210-27-M