[Federal Register Volume 67, Number 11 (Wednesday, January 16, 2002)]
[Notices]
[Pages 2227-2228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-1031]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-01]


Notice of Proposed Information Collection: Comment Request; Land 
Sales Registration, Purchaser's Revocation Rights, Sales Practices and 
Standards, and Formal Procedures and Rules of Practice

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, 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 18, 2002.

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: Ivy Jackson, Acting Director, 
Interstate Land Sales/RESPA Division, Office of Consumer and Regulatory 
Affairs, Department of Housing and Urban Development, 451 7th Street, 
SW, Washington, DC 20410, telephone (202) 708-0502 (this is not a toll 
free number) for copies of the proposed forms and other available 
information.

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: Land Registration, Purchaser's Revocation 
Rights, Sales Practices and Standards, and Formal Procedures and Rules 
of Practice.
    OMB Control Number, if applicable: 2502-0243.
    Description of the need for the information and proposed use: The 
Interstate Land Sales Full Disclosure Act protects consumers from fraud 
in the sale of land by requiring developers of non-exempt subdivisions 
to register with HUD and give purchasers a

[[Page 2228]]

property report. The property report discloses facts about the land so 
the purchaser can make an informed lot purchase and tells them of their 
revocation rights. Developers are required to register subdivisions of 
100 or more non-exempt lots with HUD.
    Agency form numbers, if applicable: None.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: There is a total of 19,579 annual 
burden hours estimated for a total of approximately 5,270 respondents. 
The frequency of response is on occasion, annually, and third-party 
disclosure totaling 117,958 total annual responses.
    Status of the proposed information collection: Extension of a 
currently approved information collection.

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

    Dated: January 6, 2002.
John C. Weicher,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 02-1031 Filed 1-15-02; 8:45 am]
BILLING CODE 4210-27-M