[Federal Register Volume 62, Number 146 (Wednesday, July 30, 1997)]
[Notices]
[Page 40830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19991]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4200-N-90]


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: September 29, 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 and Urban Development, 451--7th Street, SW, Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: John Coonts, Telephone number (202) 
708-3046 (this is not a toll-free number) for copies of the proposed 
form 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: Insurance for Home Equity Conversion Mortgages/
Residential Loan Application for Reverse Mortgages.
    OMB Control Number: New Collection.
    Description of the need for the information and the proposed use: 
Streamlined application for reverse mortgage customers, used to 
determine if borrowers qualify for HECM loans.
    Agency form numbers: N/A.
    Members of affected public: Individuals/households, business/non-
profits, Federal Government.
    An estimation of the total number of hours needed to prepare the 
information collection is 5,000, the number of respondents is 5,000, 
frequency of response is on occasion and the hours of response is 1 
hour.
    Status of the proposed information collection: New collection.

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

    Dated: July 23, 1997.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 97-19991 Filed 7-29-97; 8:45 am]
BILLING CODE 4210-27-M