[Federal Register Volume 67, Number 131 (Tuesday, July 9, 2002)]
[Notices]
[Page 45529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17055]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-31]


Notice of Proposed Information Collection: Comment Request; 
Delinquent Loan Reports

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: September 9, 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: Joe McCloskey, Director, Office of 
Single Family Asset Management, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
708-1672 (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: Delinquent Loan Reports.
    OMB Control Number, if applicable: 2502-0060.
    Description of the need for the information and proposed use: 
Mortgagees are required by 24 CFR 203.332 to report once each month all 
HUD insured single family mortgages that have become 90 or more days 
delinquent. Mortgagees are also required to give notice to the 
Secretary of all accounts where the first legal action required to 
initiate foreclosure has begun. These reports are accomplished by 
reporting the accounts to HUD via the electronic equivalent (Electronic 
Data Interchange (EDI) or FHA Connection). The mortgagees are also 
required to submit a quarterly summary on the 30-60-90 day 
delinquencies for their respective portfolios.
    Agency form numbers, if applicable: HUD-92068A & HUD 92068C.
    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 total number of annual 
hours needed to prepare the information collection is 4,200; the number 
of respondents is 600 generating approximately 9,600 annual responses; 
the frequency of response is monthly and quarterly; and the estimated 
time needed to prepare the response varies from 15 minutes to 30 
minutes.
    Status of the proposed information collection: Reinstatement, with 
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: July 2, 2002.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 02-17055 Filed 7-8-02; 8:45 am]
BILLING CODE 4210-27-M