[Federal Register Volume 70, Number 157 (Tuesday, August 16, 2005)]
[Notices]
[Page 48182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-4410]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4971-N-38]


Notice of Submission of Proposed Information Collection to OMB; 
Borrowers Personal Financial Statement for Compromise/Settlement

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.
    The information is used by HUD to analyze the financial position of 
borrower potentially in default for the purpose of evaluating 
compromises, partial settlement offers, and payment arrangements. It is 
required of a small percentage of debtors to establish repayment.

DATES: Comments Due Date: September 15, 2005.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Approval Number (2502-0098) 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]; or 
Lillian Deitzer at [email protected] or telephone (202) 708-
2374. This is not a toll-free number.
    Copies of available documents submitted to OMB may be obtained from 
Mr. Eddins or Ms. Deitzer or from HUD's Web site at http://hlannwp031.hud.gov/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION: This notice informs the public that the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the information collection described below. 
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: Borrowers Personal Financial Statement for 
Compromise/Settlement.
    OMB Approval Number: 2502-0098.
    Form Numbers: HUD-56142, HUD-56141.
    Description of the Need for the Information and Its Proposed Use: 
The information is used by HUD to analyze the financial position of 
borrowers potentially in default for the purpose of evaluating 
compromisers, partial settlement offers, and payment arrangements. It 
is required of a small percentage of debtors to establish repayment.
    Frequency of Submission: On occasion.

                                                Reporting Burden
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                                              Annual                          Hours per
         Number of respondents              responses            x             response      =     Burden hours
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800....................................               1   ...............               1   ...             800
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    Total Estimated Burden Hours: 800.
    Status: Revision of a currently approval collection.

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

    Dated: August 9, 2005.
Wayne Eddins,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. E5-4410 Filed 8-15-05; 8:45 am]
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