[Federal Register Volume 69, Number 147 (Monday, August 2, 2004)]
[Notices]
[Pages 46174-46175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17516]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4903-N-58]


Notice of Submission of Proposed Information Collection to OMB; 
HUD Conditional Commitment/Direct Endorsement Statement of Appraised 
Value

AGENCY: Office of the Chief Information Officer.

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.
    This is a request for renewal of approval of a currently approved 
collection of information. The Conditional Commitment/Direct 
Endorsement Statement of Appraised Value, is used by appraisers and/or 
underwriters upon their review of the appraisal report (URAR) to 
determine if a property meets FHA guidelines to be eligible for HUD 
mortgage insurance. Underwriters are required to sign and submit a copy 
of the completed form to HUD for endorsement as part of the case 
binder; to provide a copy to the homebuyer; and to maintain a copy for 
the mortgagee.

DATES: Comments Due Date: September 1, 2004.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0494) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-6974.

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 
available documents submitted to OMB may be obtained from Mr. Eddins 
and at HUD's Web site at http://www5.hud.gov:63001/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION: This notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, a survey instrument to obtain information 
from faith based and community organizations on their likelihood and 
success at applying for various funding programs. This notice is 
soliciting comments from members of the public and affecting agencies 
concerning the proposed collection of information to: (1) Evaluate 
whether the proposed collection of information 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 
through 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: HUD Conditional Commitment/Direct Endorsement 
Statement of Appraised Value.
    OMB Approval Number: 2502-0518.
    Form Numbers: HUD-92800.5B.
    Description of the Need for the Information and Its Proposed Use: 
The Conditional Commitment/Direct Endorsement Statement of Appraised 
Value, is used by appraisers and/or underwriters upon their review of 
the appraisal report (URAR) to determine if a property meets FHA 
guidelines to be eligible for HUD mortgage insurance. Underwriters are 
required to sign and submit a copy of the completed form to HUD for 
endorsement as part of the case binder; to provide a copy to the 
homebuyer; and to maintain a copy for the mortgagee.
    The copy provided to the homebuyer explains in detail the purpose 
of an appraisal, the need for a home inspection and special commitment 
conditions that may need to be met before FHA can insure the property. 
The information is also used for test cases to determine a mortgagees 
eligibility in becoming a FHA approved lender.
    Frequency of Submission: On Occasion.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................           8,000        1,200,000   ..            0.12   ..         144,000
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[[Page 46175]]

    Total Estimated Burden Hours: 1,200,000.
    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: July 27, 2004.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 04-17516 Filed 7-30-04; 8:45 am]
BILLING CODE 4210-72-P