[Federal Register Volume 66, Number 35 (Wednesday, February 21, 2001)]
[Notices]
[Pages 11035-11036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-4187]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4655-N-02]


Notice of Proposed Information Collection: Comment Request; 
Mortgage Record Change

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: April 23, 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 Plaza Building, Room 8001, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Silas C. Vaughn, Single Family 
Insurance Operations Division,

[[Page 11036]]

Department of Housing and Urban Development, 451 7th Street, SW., 
Washington, DC 20410, telephone (202) 708-1994, Ext. 3545 (this is not 
a toll free number) for information on Mortgage Record Changes 
(formerly form HUD-92080, Mortgage Record Change).

SUPPLEMENTARY INFORMATION: The Department is submitting the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (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) Evaluate 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 to 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: Mortgage Record Change.
    OMB Control Number, if applicable: 2502-0422.
    Description of the need for the information and proposed use: The 
Mortgage Record Change information is used by FHA-approved mortgages to 
comply with HUD requirements for reporting the sale of a mortgage 
between investors, 24 CFR 203.431, and/or the transfer of the mortgage 
servicing responsibility, 24 CFR 203.502, as appropriate. The 
information required is used to update HUD's Single Family Insurance 
System and other related systems. Current data is necessary to 
establish mortgage premium liability, forward annual premium mortgage 
data to the appropriate mortgagee/servicer, and maintain premium 
receivables and program data regarding investors/servicer activity. 
Without the required data, the premium collection/monitoring function 
would be severely impeded and program data would be unreliable. The 
annual expected amount for regular Monthly Insurance Premiums (Section 
530) is $3.23 billion and $1.85 billion for Risk-based premiums. This 
information is essential because HUD does case level accounting in 
recording premium payments by mortgagees.
    Agency form numbers, if applicable: Not applicable. Form HUD-92080 
is now obsolete.
    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 public reporting burden for this 
collection of information is estimated to average 0.1 hour per 
response, including the time for reviewing instructions, searching 
existing data sources, gathering and maintaining the data needed, and 
completing and reviewing the collection of information. The number of 
respondents is approximately 9,100, the frequency of response is as 
required, and the volume per respondent is 20--20,000 annually 
depending on the size of their FHA portfolio.
    Status of the proposed information collection: Reinstatement, with 
change, of previously approved collection for which approval has 
expired.

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

    Dated: February 12, 2001.
Wayne Eddins,
Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. 01-4187 Filed 2-20-01; 8:45 am]
BILLING CODE 4210-27-M