[Federal Register Volume 62, Number 192 (Friday, October 3, 1997)]
[Notices]
[Pages 51879-51880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26299]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-287]


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 
if soliciting public comments on the subject proposal.

DATES: Comments due date: November 3, 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

[[Page 51880]]

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 
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: September 26, 1997.
David S. Cristy,
Acting Director, Information Resources, Management Policy and 
Management Division.

Notice of Submission of Proposed Information Collection to OMB

    Proposal: Housing Finance Agency Risk Sharing Program.
    Office: Housing.
    OMB Approval Number: 2502-0500.
    Description of the Need for the Information and Its Proposed Use: 
Section 542(c) of the Housing and Community Development Act of 1992 
directs HUD to insure mortgages underwritten and serviced by Housing 
Finance Agencies (HFAs). The HFAs will reimburse HUD a certain 
percentage of any loss under an insured loan depending upon the level 
of risk the HFA contracts to assume. The required information 
collection requirements are divided into two categories: Category A 
requirements relate to information required of the HFAs themselves; and 
Category B requirements relate to specific projects or mortgagors. The 
information collected is needed on the projects to insure the mortgages 
meet statutory requirements and monitor the projects' stability.
    Form Number: None.
    Respondents: Business or other for-profit and not-for-profit 
institutions.
    Frequency of Submission: Annually and recordkeeping.
    Reporting Burden:

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                                      Number of          Frequency of           Hours per                       
                                     respondents    x      response      x       response      =   Burden hours 
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Category A.......................              33                    2                   4.0                 264
Category B.......................              83                    1                  46.5               3,860
Monitoring Reports...............             330                    1                  10.5               3,465
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    Total Estimated Burden Hours: 7,589.
    Status: Reinstatement, with changes.
    Contact: Flossie Ellison, HUD, (202) 708-0743 x2472; Joseph F. 
Lackey, Jr., OMB, (202) 395-7316.

    Dated: September 26, 1997.

[FR Doc. 97-26299 Filed 10-2-97; 8:45 am]
BILLING CODE 4210-01-M