[Federal Register Volume 63, Number 127 (Thursday, July 2, 1998)]
[Notices]
[Pages 36255-36256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17584]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4322-N-02]
Statement of Notice to Bidders Concerning Disclosure of Bids From
Past HUD Mortgage Loan Sales
AGENCY: Office of the Secretary, HUD.
ACTION: Business Submitter Notice to Bidders Concerning Release by HUD
of Their Bids Under the Freedom of Information Act.
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SUMMARY: This notice sets forth the business submitter notice by the
Department of Housing and Urban Development to bidders regarding
release under the Freedom of Information Act of the bids they submitted
on past HUD Mortgage Loan Sales.
EFFECTIVE DATES: July 2, 1998.
FOR FURTHER INFORMATION CONTACT: William Barth, Managing Attorney, FOIA
Division, Room 10250, Department of Housing and Urban Development, 451
Seventh Street, SW, Washington, DC 20410; telephone [202] 708-3866
(this is not a toll free number). Speech or hearing impaired
individuals
[[Page 36256]]
may access this number via TTY by calling the toll free Federal
Information Relay Service at 1-800-877-8339.
SUPPLEMENTARY INFORMATION: On February 27, 1998, the Department of
Housing and Urban Development published a statement of policy regarding
disclosure of mortgage loan sales information (63 FR 10031). The
February, 1998, notice set forth the Department's policy pertaining to
the release of records regarding those bids that the Department or its
contractors had received to date under its mortgage loan sale program.
The notice stated that, when requested to provide records pursuant to
the Freedom of Information Act (FOIA), the Department would produce
relevant records in its files including, where available: (1) All
potential bidders receiving bid materials; (2) all successful bidders
and their successful bids and the mortgage loans attributable to such
bids; (3) all unsuccessful bidders and their unsuccessful bids and the
mortgage loans attributable to such bids; (4) the aggregate proceeds
the Department received from the sale; and (5) the aggregate number of
bidders.
This notice serves as the business submitter notice authorized by
24 CFR 15.54 of the Department's FOIA regulations. The purpose of this
notice is to provide bidders the opportunity to object to disclosure of
their bids under the FOIA. Bidders shall have 10 working days from the
date of publication of this notice in the Federal Register to provide
the Department a detailed written statement of their objections to
disclosure of the bid information under the FOIA. Such statement shall
specify all grounds for withholding the information and shall
demonstrate why the bid information is a trade secret or commercial or
financial information that is privileged or confidential. Conclusory
statements that the information would be useful to competitors or
similarly conclusory statements generally will not be considered
sufficient to justify confidential treatment. Bidders should submit
their statements to the agency contact identified in this notice.
The Department will carefully consider a submitter's objections
before determining whether to disclose the information. If the
Department decides to disclose the information over the objections of
the submitters, the Department will advise the submitter in a written
notice its intent to disclose the information 10 working days before
the specified disclosure date.
Authority: 5 U.S.C. 552; 24 CFR 15.54; E.O. 12600, 52 FR 23781,
3 CFR, 1987 Comp., p. 235.
Dated: June 22, 1998.
Ira Peppercorn,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing
Commissioner.
[FR Doc. 98-17584 Filed 7-1-98; 8:45 am]
BILLING CODE 4210-32-M