[Federal Register Volume 65, Number 124 (Tuesday, June 27, 2000)]
[Notices]
[Pages 39625-39626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-16190]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4561-N-39]


Notice of Submission of Proposed Information Collection to OMB; 
Reporting Requirements Associated With 24 CFR 203.508b and 24 CFR 
235.1001

AGENCY: Office of the Chief Information Officer, 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: July 27, 2000.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval number (2502-0235) 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: Wayne Eddins, Reports Management 
Officer, Q, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of the 
proposed forms and other available documents submitted to OMB may be 
obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB or 
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 name and telephone 
number of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.
    This notice also lists the following information.
    Title of Proposal: Reporting Requirements Associated with 24 CFR

[[Page 39626]]

203.508b and 24 CFR 235.1001--Providing Information.
    OMB Approval Number: 2502-0235.
    Form Numbers: None.
    Description of the Need for the Information and Its Proposed Use: 
Mortgagees must inform mortgagors of the system available for obtaining 
answers to loan inquiries and remind mortgagors, at least once 
annually, of the system by written statement. Mortgagees must provide 
homeowners with the amount of interest paid and taxes disbursed from 
the escrow account for income tax purposes. On Section 235 mortgages, 
lenders must provide the interest accounting in such a way as to allow 
the homeowner to easily deduct the amount of subsidy HUD paid on behalf 
of the homeowner.
    Respondents: Individuals or Households, Not-For-Profit 
Institutions.
    Frequency of Submission: Reporting third party disclosure annually.

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                                   Number of            Frequency of           Hours per
       Reporting Burden           respondents     x       response      x       response      =    Burden hours
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                                        12,000                     1                  0.25               3,000
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Total Estimated Burden Hours: 3,000.

    Status: Reinstatement, without change.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: July 21, 2000.
Donna L. Eden,
Director, Office of Investment Strategies and Management.
[FR Doc. 00-16190 Filed 6-26-00; 8:45 am]
BILLING CODE 4210-01-M