[Federal Register Volume 64, Number 113 (Monday, June 14, 1999)]
[Notices]
[Pages 31868-31869]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14931]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4447-N-02]


Proposed Information Collection: Comment Request; Master 
Agreement for Servicer's Custodial Account

AGENCY: Office of the President of Government National Mortgage 
Association (Ginnie Mae), 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 August 13, 1999.

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: Sonya Suarez, Office of Policy, 
Planning and Risk Management, Department of Housing & Urban 
Development, 451 7th Street, SW., Room 6226, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Sonya Suarez, Ginnie Mae, (202) 708-
2772 (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 25, 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: (1) Request for Release of Documents; (2) ACH Debit 
Authorization; (3) Master Agreement for Servicer's Principal and 
Interest Custodial Account; (4) Master Agreement for Servicer's Escrow 
Custodial Account; and (5) Master Custodian Agreement.
    OMB Control Number, if applicable: 2503-0017.
    Description of the need for the information and proposed use: Form 
11708 provides issuers access to the documents held by the document 
custodian. Forms 11709 and 11720 provide evidence to Ginnie Mae that 
the issuer has executed an agreement with a document custodian to 
maintain the principal, interest and escrow funds used to pay 
securities holders. Form 11709-A provides evidence to Ginnie Mae that 
the issuer has authorized a Central Paying and Transfer Agent to make 
Automated Clearing house debits to an issuer's central principal and 
interest account to disburse Ginnie Mae II payments to securities 
holders. Form 11715 provides the name of the document custodian 
institution holding the issuer's documents on behalf of Ginnie Mae.
    Agency form numbers, if applicable: HUD forms 11708, 11709, 11709-
A, 11715, and 11720.
    Members of affected public: For-profit businesses (mortgage 
companies, thrifts, savings & loans, etc.).

[[Page 31869]]



    Estimation of the total number of hours needed to prepare the information collection including number of
                            respondents, frequency of response, and hours of response
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                                                                                  Frequency of       Hours of
                           HUD Forms                               Respondents      Response        response *
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11708..........................................................             556               1              9.5
11709..........................................................             556               1              9.5
11709-A........................................................              50               1              1
11715..........................................................             556               1              9.5
11720..........................................................             556               1              9.5
                                                                ------------------------------------------------
    Total Hours................................................  ..............  ..............             39
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* Respondents  x  .017 hours = Hours of Response.

    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: June 2, 1999.
George S. Anderson,
Executive Vice President, Ginnie Mae.
[FR Doc. 99-14931 Filed 6-11-99; 8:45 am]
BILLING CODE 4210-01-M