[Federal Register Volume 67, Number 189 (Monday, September 30, 2002)]
[Notices]
[Page 61347]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24703]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4734-N-51]


Notice of Submission of Proposed Information Collection to OMB; 
Request for Credit Approval of Substitute Mortgagor

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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: October 30, 2002.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval number (2502-3336) and should be sent to: Lauren Wittenberg, 
OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503; Fax number (202) 395-
6974; E-mail [email protected].

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, Southwest, Washington, DC 20410; e-mail [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of the 
proposed forms and other available documents submitted to OMB may be 
obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35). The Notice lists the following information: (1) The title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the name and telephone 
number of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.
    This Notice also lists the following information:
    Title of Proposal: Request for Credit Approval of Substitute 
Mortgagor.
    OMB Approval Number: 2502-0036.
    Form Numbers: 92210.
    Description of the Need for the Information and its Proposed Use: A 
buyer may assume an FHA-insured mortgage by becoming the substitute 
mortgagor through the credit approval process. Prior to releasing a 
seller from liability on the mortgage note or for mortgages after 
December 15, 1989, HUD or a Direct Endorsement (DE) lender must review 
the credit of the assumer and record the approval on form HUD-92210.
    Respondents: Individuals and Businesses or other for-profits.
    Frequency of Submission: On occasion.

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                                         Number of          Annual             Hours per
                                        respondents      respondents     x      response      =    Burden hours
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Reporting Burden:...................           1,000           10,000   ..               1   ..          10,000
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    Total Estimated Burden Hours: 10,000.
    Status: Reinstatement without change of a previously approved 
collection for which approval has expired.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: September 19, 2002.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 02-24703 Filed 9-27-02; 8:45 am]
BILLING CODE 4210-72-M