[Federal Register Volume 68, Number 194 (Tuesday, October 7, 2003)]
[Notices]
[Page 57920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-25321]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-39]


Notice of Proposed Information Collection: Comment Request;Single 
Family Premium Collection Subsystem-Upfront (SFPCS-U)

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 Managment 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: December 8, 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: Doretha S. Dabney, Branch Chief, 
Single Family Insurance Operations Branch, Department of Housing and 
Urban Development, 451 7th Street SW., Washington, DC 20410, telephone 
(202) 708-1994 X3471 (this is not a toll free number).

SUPPLEMENTARY INFORMATION: The Department is submitting the proposal 
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 list the following information:
    Title of Proposal: Single Family Premium Collection Subsystem-
Upfront (SFPCS-U).
    OMB Control Number, if applicable: 2502-0423.
    Description of the need for the information and proposed use: The 
Single Family Premium Collection Subsystem-Upfront (SFPCS-U) allows the 
lenders to remit the Upfront Mortgage Insurance Premiums using funds 
obtained from the mortgagor during the closing of the mortgage 
transaction at settlement. The SFPCS-U strengthens HUD's ability to 
manage and process upfront single-family mortgage insurance premium 
collections and corrections to submitted data. It also improves data 
integrity for the Single Family Mortgage Insurance Program. Therefore, 
the FHA approved lenders use Automated Clearing House (ACH) and/or 
Electronic Data Interchange (EDI) applications for all transmissions 
with SFPCS-U. The authority for this collection of information is 
specified in 24 CFR 203.280 and 24 CFR 203.281. The collection of 
information is also used in calculating refunds due to former FHA 
mortgagors when they apply for homeowner refunds of the unearned 
portion of the mortgage insurance premium, 24 CFR 203.283, as 
appropriate. Without this information the premium collection/monitoring 
process would be severely impeded, and program data would be 
unreliable. In general, the lenders use the ACH and/or EDI applications 
to remit the upfront premium through SFPCS-U to obtain mortgage 
insurance for the homeowner.
    Agency form numbers, if applicable: None.
    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 public reporting burden for this 
collection of information is estimated to average 5 minutes per 
response; the number of respondents is 9,939 generating approximately 
1,349,281 annual responses; the frequency of response is on occasion; 
the estimated total number of burden hours needed to prepare the 
information collection is 71,790. The Lenders are able to key the 
information online or have their computer transmit the information. 
Since remittances are made through the ACH and/or EDI applications the 
upfront remittance is submitted electronically and their is no 
paperwork to complete and mail in.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: September 9, 2003.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
[FR Doc. 03-25321 Filed 10-6-03; 8:45 am]
BILLING CODE 4210-27-M