[Federal Register Volume 67, Number 96 (Friday, May 17, 2002)]
[Notices]
[Page 35128]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-12331]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-12]


Notice of Proposed Information Collection: Comment Request; 
Application for Mortgage Insurance for Cooperative and Condominium 
Housing

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: July 16, 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 8003, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Michael McCullough, Director, Office 
of Multifamily Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-1142, (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 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 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: Application for Mortgage Insurance for 
Cooperative and Condominium Housing.
    OMB Control Number, if applicable: 2502-0141.
    Description of the need for the information and proposed use: Form 
HUD-93201 is used to analyze specific project information including 
financial data, cost data, drawings and specifications to determine 
whether a cooperative or condominium project is eligible for FHA 
mortgage insurance. HUD technical specialists in appraisal, cost, 
architecture, and mortgage credit determine if the project is eligible 
for mortgage insurance; and also analyze information provided on the 
form HUD-93201. If the information were not collected and analyzed, the 
Department would have to rely solely on a sponsor's undocumented 
request, and the Department could expect to sustain substantial losses 
to the FHA Insurance Fund.
    Agency form numbers, if applicable: HUD-93021.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:
    The estimated total number of hours needed to prepare the 
information collection is 91 hours; the number of respondents is 15; 
the frequency of response is on occasion; and the number of hours per 
response is 4 hours for reporting and 2 hours for recordkeeping. One 
additional hour is added for what is customary and usual in 
conventional mortgage processing.
    Status of the proposed information collection: Reinstatement, 
without change, of a previously approved collection for which approval 
has expired.

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

    Dated: May 9, 2002.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 02-12331 Filed 5-16-02; 8:45 am]
BILLING CODE 4210-27-M