[Federal Register Volume 66, Number 208 (Friday, October 26, 2001)]
[Notices]
[Pages 54271-54272]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-26949]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4649-N-21]


Notice of Proposed Information Collection: Comment Request, Loan 
Guarantee Recovery Fund

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, 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: December 26, 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: Shelia Jones, Reports Liaison 
Officer, Department of Housing and Urban Development 451 7th Street, 
SW., Room 7232, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Jackie W. Mitchell, Director, Office 
of Rural Housing and Economic Development, Room 7136, Washington, DC 
20410, telephone: (202) 708-2290, (this is not a toll-free number) for 
copies of the proposed forms and other available documents:

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 
affecting 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.

[[Page 54272]]

    This Notice also lists the following information:
    Title of Proposal: Loan Guarantee Recovery Fund.
    OMB Control Number, if applicable: 2506-0159.
    Description of the need for the information and proposed use: To 
appropriately determine whether entities that submit applications for 
assistance under the Loan Guarantee Recovery Fund (Section 4 of the 
Church Arson Prevention Action of 1996) are eligible applicants and 
submit applicants otherwise in compliance with the regulations, certain 
information is required. Among other necessary criteria, HUD must 
determine whether; the (1) financial institution is eligible as defined 
at 24 CFR 573.2 of the regulation; (2) the borrower is eligible as 
defined under 24 CFR 573.2; (3) the loan will assist in addressing 
damage or destruction caused by acts of arson or terrorism; (4) the 
activities which will be assisted by the guaranteed loans are eligible 
activities under Sec. 573.3; (5) the financial institution utilizes 
sufficient underwriting standards; and (6) the assisted activities will 
comply with all applicable environmental laws and requirements.
    Agency form numbers, if applicable: Form HUD-40076-LGA (1/200).
    Members of affected public: Financial institutions such as banks, 
trust companies, savings and loan associations, credit unions, mortgage 
companies, or other issues regulated by the Federal Deposit Insurance 
Corporation, the Office of Thrift Supervision, the Credit Union 
Administration, or the U.S. Comptroller of the Currency. Certain not-
for-profit organizations affected by acts of arson or terrorism.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: A total of 100 respondents are 
expected and the total estimated burden hours is 9440.
    Status of the proposed information collection: The Department does 
not have a critical mass of respondents to serve as a source of 
information from which conclusions can be drawn with respect to the 
accuracy of its current estimates.

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

    Dated: October 18, 2001.
Donna M. Abbenante,
General Deputy Assistant, Secretary for Community Planning and 
Development.
[FR Doc. 01-26949 Filed 10-25-01; 8:45 am]
BILLING CODE 4210-29-M