[Federal Register Volume 67, Number 141 (Tuesday, July 23, 2002)]
[Notices]
[Page 48206]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-18599]



[[Page 48206]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-32]


Notice of Proposed Information Collection: Comment Requested; 
Mortagee's Request for Extension of Time

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 23, 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 or Housing and Urban Development, 451 7th Street, 
SW, L'Enfant Plaza Building, Room 800a, Washington, DC 20410. E-mail 
[email protected].

FOR FURTHER INFORMATION CONTACT: Charlene Weaver, Mortgage Servicing 
Specialist, HUFA, Department of Housing and Urban Development, 451 
Seventh Street, Southwest, Washington, DC 20410; e-mail Charlene r. 
[email protected], 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 will submit 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.
    This Notice also lists the following information:
    Title of Proposal: Mortgagee's Request for Extension.
    OMB Control Number, if applicable: 2502-0436.
    Description of the need for the information and proposed use: In 
the event of default and foreclosure of an insured mortgage, the 
mortgagee is entitled to receive insurance benefits plus interest on 
such benefits from the date of default to the date of payment of the 
insurance benefits. HUD regulations require that the mortgagee take 
certain actions within specific time limitations. Failure to meet such 
limitations may result in curtailment of interest payments. Information 
collected here allows the Department to evaluate requests for extension 
of the regulatory time limits within which specific foreclosure 
processing steps must be taken, as respond to these requests.
    Agency form numbers, if applicable: HUD-50012.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: An estimation of the total numbers of 
hours needed to prepare the information collection is, 3,000, number of 
respondents is 2000, frequency of response is on occasion, and the 
hours per response is .15.
    Status of the proposed information collection: Reinstatement with 
change, of previously approved collection for which approval has 
expired.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. chapter 35, as amended.

    Dated: July 16, 2002.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 02-18599 Filed 7-22-02; 8:45 am]
BILLING CODE 4210-27-M