[Federal Register Volume 67, Number 228 (Tuesday, November 26, 2002)]
[Notices]
[Page 70755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-29965]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-48]


Notice of Proposed Information Collection: Comment Request 
Personal Financial and Credit Statement

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: January 27, 2003.

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 or 
[email protected].

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 for 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: Personal Financial and Credit Statement.
    OMB Control Number, if applicable: 2502-0001.
    Description of the need for the information and proposed use: Form 
HUD-92417, Personal Financial and Credit Statement, is used by HUD 
personnel and FHA approved lenders to determine if the sponsor, 
mortgagor, or the principals of the mortgagor have the financial 
capability to develop, build, and complete a multifamily project. Form 
HUD-92417 is a part of the credit investigation during the Site 
Appraisal and Marketing Analysis (SAMA)/feasibility and commitment 
stages of the mortgage insurance application. The financial capability, 
reputation, experience, and the ability of the project sponsor is 
analyzed to determine whether the sponsor will be able to develop a 
successful project, and have the financial resources to complete and 
maintain the property.
    Agency form numbers, if applicable: HUD-92417.
    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 annual hours 
required to prepare the information collection is 64,000; the number of 
respondents is 8,000 generating 8,000 annual responses; the frequency 
of response is on occasion; and the estimated time needed to prepare 
the response is 8 hours. This form is submitted during the SAMA/
feasibility or commitment stages of the mortgage insurance application.
    Status of the proposed information collection: Extension of 
currently approved collection.

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

    Dated: November 20, 2002.
John C. Weicher,
Assistant Secretary of Housing-Federal Housing Commissioner.
[FR Doc. 02-29965 Filed 11-25-02; 8:45 am]
BILLING CODE 4210-27-M