[Federal Register Volume 70, Number 117 (Monday, June 20, 2005)]
[Notices]
[Page 35449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-12027]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-18]


Notice of Proposed Information Collection: Comment Request; 
Request for Credit Approval of Substitute Mortgagor

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: August 19, 2005.

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 8001, Washington, DC 20410 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Joseph McCloskey, Director, Office of 
Single Family Asset Management, 451 7th Street SW., Washington, DC 
20410, telephone (202) 708-1672 (this is not a toll free number) for 
copies of the proposed forms and other available information.

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 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 lists the following information:
    Title of Proposal: Request for Credit Approval of Substitute 
Mortgagor.
    OMB Control Number, if applicable: 2502-0036.
    Description of the need for the information and proposed use: This 
information collection is used by HUD to approve the credit of a 
substitute mortgagor who desires to assume an FHA-insured mortgage. The 
information is also needed to document the financial stability of the 
mortgagor.
    Agency form numbers, if applicable: HUD-92210 and HUD-92210.1.
    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 estimated total number of hours 
needed to prepare the information collection is 2,400. The number of 
respondents is 600 generating approximately 2,400 annual responses, the 
frequency of response is on occasion, and the number of hours per 
response is one.
    Status of the proposed information collection: Currently approved.

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

    Dated: June 3, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 05-12027 Filed 6-17-05; 8:45 am]
BILLING CODE 4210-27-P