[Federal Register Volume 62, Number 162 (Thursday, August 21, 1997)]
[Notices]
[Pages 44482-44483]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-22250]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-07]


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: September 22, 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 and 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

[[Page 44483]]

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: August 13, 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: Good Faith Estimate and Special Information 
Booklet.
    Office: Housing.
    OMB Approval Number: 2502-0265.
    Description of the Need for the Information and Its Proposed Use: 
Section 5 of the Real Estate Settlement Procedures Act (RESPA) requires 
lenders to provide borrowers the Special Information Booklet and the 
Good Faith Estimate of Settlement Costs that informs them of the nature 
and costs of real estate settlement services. Section 4 of RESPA 
requires settlement agents to provide the borrowers and the sellers 
with a HUD-1 form which sets forth all settlement costs.
    Form Number: HUD-1.
    Respondents: Business or Other For-Profit and Individuals or 
Households.
    Frequency of Submission: On Occasion and Third Party Disclosure.
    Reporting Burden:

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                                           Number of            Frequency of          Hours per         Burden  
                                          respondents     x       response      x     response     =     hours  
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Good Faith Estimate and HUD-1.........          20,000                 173.5                .17         491,006 
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    Total Estimated Burden Hours: 491,006.
    Status: Reinstatement, with changes.
    Contact: Ivy M. Jackson, HUD, (202) 708-4560; Joseph F. Lackey, 
Jr., OMB, (202) 395-7316.

    Dated: August 13, 1997.

[FR Doc. 97-22250 Filed 8-20-97; 8:45 am]
BILLING CODE 4210-01-M