[Federal Register Volume 68, Number 156 (Wednesday, August 13, 2003)]
[Notices]
[Pages 48406-48407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-20678]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4815-N-56]


Notice of Submission of Proposed Information Collection to OMB: 
Advance of Escrow Funds

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.
    The Department is requesting renewal of the approval to require 
mortgagors/borrowers and mortgages/lenders execute Building Loan 
Agreements setting forth terms and conditions under which progress 
payments may be advanced during project construction. These agreements 
are to be executed before initial endorsement of the mortgage to 
insurance.

DATES: Comments Due Date: September 12, 2003.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval number (2502-0018) 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, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, SW., 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: Advance of Escrow Funds.
    OMB Approval Number: 2502-0018.
    Form Numbers: HUD-92464.
    Description of the Need for the Information and its Proposed Use: 
The Department is requesting renewal of the approval to require 
mortgagors/borrowers and mortgages/lenders to execute Building Loan 
Agreements

[[Page 48407]]

setting forth terms and conditions under which progress payments may be 
advanced during project construction. These agreements are to be 
executed before initial endorsement of the mortgage to insurance.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Frequency of Submission: On occasion.
    Reporting Burden:

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                                                            Annual             Hours per
                Number of respondents                     responses      x      response      =    Burden hours
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525..................................................             525   ..               2   ..           1,050
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    Total Estimated Burden Hours: 1,050.
    Status: Extension of a currently approved collection.

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

    Dated: August 7, 2003.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 03-20678 Filed 8-12-03; 8:45 am]
BILLING CODE 4210-72-P