[Federal Register Volume 66, Number 7 (Wednesday, January 10, 2001)]
[Notices]
[Page 1997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-630]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4565-N-33]


Notice of Proposed Information Collection: Comment Request; HUD 
Conditional Commitment/Direct Enforcement Statement of Appraised Value

AGENCY: Office of the Assistant Secretary for Housing, 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 Date: March 12, 2001.

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: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW., L'Enfant Building, Room 8202, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone 
number (202) 708-1142 (this is not a toll-free number) for copies of 
the proposed forms and other available.

SUPPLEMENTARY INFORMATION: The Department is submitting the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1955 (44 U.S.C. chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluation whether the proposed collection 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 respond; including 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: Conditional Commitment/Direct Endorsement 
Statement of Appraised Value.
    OMB Control Number, if applicable: 2502-0494.
    Description of the Need for the Information and Proposed Use: This 
request for OMB review involves a reinstatement of a previously 
approved information collection, Form HUD 29800.5B, Conditional 
Commitment/Direct Enforcement Statement of Appraised Value (OMB control 
number 2502-0494). Section 203 of the National Housing Act (Public Law 
479, 48 Stat. 1256, 12 U.S.C. 1701 et seq.) authorizes the Secretary of 
the Department of Housing and Urban Development to insure mortgages on 
single family homes, including proposed and existing construction, when 
requested by FHA approved mortgagees. Form HUD 92800.5B serves as the 
mortgagee's conditional commitment/direct endorsement of FHA mortgage 
insurance on the property. The form provides for a statement of the 
property's appraised value and other required FHA disclosures to the 
homebuyer, including specific conditions which must be met before a 
firm commitment for mortgage insurance can be endorsed by HUD.
    Agency Form Numbers, if Applicable: HUD-92800.5B.
    Estimation of the Total Numbers of Hours Needed To Prepare the 
Information Collection Including Number of Respondents, Frequency of 
Response, and Hours of Response: The estimated number of respondents is 
1,200,000, the total annual responses are 1,200,000, and the total 
annual hours of response are estimated at 140,000 hours based on 
approximately .12 hours per response.
    Status of the Proposed Information Collection: Reinstatement, with 
change, of a previously approved collection.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., 
chapter 35, as amended.

    Dated: January 3, 2001.
William C. Apgar,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 01-630 Filed 1-9-01; 8:45 am]
BILLING CODE 4210-27-M