[Federal Register Volume 62, Number 183 (Monday, September 22, 1997)]
[Notices]
[Pages 49522-49523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25045]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-25]


Notice of Proposed Information Collection for Public Comment

AGENCY: Office of the Assistant Secretary for Housing, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below

[[Page 49523]]

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: November 21, 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: Ben Jacinto, Telephone number (202) 
708-2866 (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 affected 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: HUD Survey Instructions and Report for Insured 
Multifamily Projects.
    OMB Control Number: 2502-0010.
    Description of the Need for the Information and Proposed Use: Form 
HUD-2457, HUD Survey Instructions and Report For Insured Multifamily 
Projects, is required to assure that land surveys and survey maps: are 
appropriate for marketable title and title insurance; identify elements 
of regulatory concern, e.g., flood hazard, for the property offered as 
security for mortgage insurance; and where new construction or 
regarding are applicable, provide necessary data for proper site 
design. Form HUD-2457 is also used by the surveyor to flag site 
features and exceptions to title having significant bearing on site 
suitability and value for the intended purpose, and to certify to the 
surveyor's site visit to verify the continuing accuracy of older 
surveys and redated survey maps submitted in conjunction with 
applications for mortgage insurance and loan closing transactions. Form 
HUD-2457 is essential to the multifamily housing programs for the above 
reasons, and it is also highly beneficial to sponsors and surveyors 
involved in the delivery of projects under such programs. It defines 
the survey standards and requirements to meet HUD criteria for various 
types of projects and project circumstances and may be used as a 
specification for a purchase order between the project sponsor and 
surveyor. It also permits the surveyor to more readily determine survey 
and related fees and charges for mortgagor applications under various 
FHA programs, and provides for the surveyor's certification regarding 
conduct of the survey in accordance with the prescribed standards and 
requirements. Program regulations, 24 CFR 200.61(b), state ``Title 
evidence for the Commissioner's examination shall include a lender's 
title insurance policy, which title policy provides survey coverage 
based on a survey acceptable to the title company and the Commissioner; 
or as the Commissioner may otherwise require, in accordance with terms, 
conditions and standards established by the Commissioner.''
    Agency Form Numbers: HUD 2457.
    Member of Affected Public: Approximately 750 respondents per year 
are estimated with an average of two submissions per project for 1500 
annual submissions, each requiring \1/2\ hour to complete and handle.
    Status of The Proposed Information Collection: Reinstatement with 
change. The changes include: use of industry rather than HUN standards 
of performance in great part, identifying survey related program 
criteria in a single location to better inform industry participants, 
revision of the surveyor's certification requirements to recognize 
current professional liability underwriting practices and making the 
document more user friendly.

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

    Dated: September 16, 1997.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 97-25045 Filed 9-19-97; 8:45 am]
BILLING CODE 4210-27-M