[Federal Register Volume 68, Number 194 (Tuesday, October 7, 2003)]
[Notices]
[Pages 57921-57922]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-25323]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4815-N-80]


Notice of Submission of Proposed Information Collection to OMB: 
Mortgagees Annual Notification to Mortgagors

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.
    Mortgagees are required to inform mortgagors of interest paid and 
taxes disbursed from escrow accounts for income tax purposes. Servicing 
lenders must maintain a toll free number, and servicing personnel for 
mortgagors' enquiries. Mortgagees must provide interest accounting in 
such a way as to allow the homeowner to easily identify the amount of 
any subsidy HUD paid on behalf of the homeowner. HUD is seeking renewal 
of the approval for this information collection requirement.

DATES: Comments Due Date: November 6, 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 (2502-0235) and should be sent to: Lauren Wittenberg, 
OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building,

[[Page 57922]]

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, 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 or on HUD's Web site at http://mf.hud.gov:63001/po/i/icbts/collectionsearch.cfm.

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: Mortgagees Annual Notification to Mortgagors.
    OMB Approval Number: 2502-0235.
    Form Numbers: None.
    Description of the Need for the Information and its Proposed Use: 
Mortgagees are required to inform mortgagors of interest paid and taxes 
disbursed from escrow accounts for income tax purposes. Servicing 
lenders must maintain a toll free number, and servicing personnel for 
mortgagors' enquiries. Mortgagees must provide interest accounting in 
such a way as to allow the homeowner to easily identify the amount of 
any subsidy HUD paid on behalf of the homeowner.
    Respondents: For-profit institutions.
    Frequency of Submission: Annually.
    Reporting Burden: Number of Respondents 1,622; Average responses 
per respondent 3,391; Total annual responses 5,499,507.
    Total Estimated Burden Hours: 1,689.
    Status: Extension of a currently approved collection; HUD is 
seeking renewal of the approval for this information collection 
requirement.

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

    Dated: September 30, 2003.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 03-25323 Filed 10-6-03; 8:45 am]
BILLING CODE 4210-72-P