[Federal Register Volume 68, Number 240 (Monday, December 15, 2003)]
[Notices]
[Page 69715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-30843]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-50]


Notice of Proposed Information Collection; Comment Request; 
Mortgage Insurance Termination; Application for Premium Refund or 
Distributive Share Payment

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: February 13, 2004.

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: For information concerning Mortgage 
Insurance Termination contact Silas C. Vaughn, Jr., Chief, Data Quality 
Section; Single Family Insurance Operations Division (SFIOD), telephone 
(202) 708-1994 x3545 (this is not a toll free number ) or for 
information concerning Form HUD-27050-B, Application for Premium Refund 
or Distributive Share, contact Lillie M. Watson, Chief, Disbursements 
Branch, SFIOD, telephone (202) 708-1233 x3305 (this is not a toll-free 
number) Department of Housing and Urban Development, 451 7th Street, 
SW., Washington, DC 20410.

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 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 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: Mortgage Insurance Termination; Application for 
Premium Refund or Distributive Share Payment.
    OMB Control Number, if applicable: 2502-0414.
    Description of the need for the information and proposed use: The 
information collection for the Mortgage Insurance Termination is used 
by Federal Housing Administration (FHA) approved mortgages to comply 
with HUD requirements fro reporting the termination of FHA mortgage 
insurance on single family dwellings (24 CFR 203.318). The form HUD-
27050-A is now obsolete. However, the information collection is still 
in effect and is collected electronically through Electronic Data 
Interchange and via FHA Connection. The Application for Premium Refund 
or Distributive Share Payment is used by former FHA mortgagors to apply 
for homeowner refunds of the unearned portion of the mortgage insurance 
premium or a distributive share payment (24 CFR 203.423, 24 CFR 
203.283, and 24 CFR 203.284).
    Agency form numbers, if applicable: HUD-27050-A (Submitted 
electronically) and HUD-27050-B (System generated).
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

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                                                                    Total annual     Hours per     Total annual
             Information collection                 Respondents      responses       response          hours
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Mortgage Insurance Termination..................           6,000       1,570,001             .08         125,600
HUD-27050-B.....................................       1,500,000       1,500,000             .25         375,000
                                                 ---------------------------------------------------------------
    Totals......................................       1,506,000       3,070,001  ..............         500,600
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    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: December 10, 2003.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 03-30843 Filed 12-12-03; 8:45 am]
BILLING CODE 4210-27-M