[Federal Register Volume 70, Number 172 (Wednesday, September 7, 2005)]
[Notices]
[Pages 53239-53240]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-17730]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-29]


Notice of Proposed Information Collection: Comment Request; 
Single Family Premium Collection Subsystem-Periodic (SFPCS-P)

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: November 7, 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: Doretha S. Dabney, Branch Chief, 
Single Family Insurance Operations Branch, Department of Housing and 
Urban Development, 451 7th Street SW., Washington, DC 20410, telephone 
(202) 708-1994, x3471 (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: Single Family Premium Collection Subsystem-
Periodic (SFPCS-P).
    OMB Control Number, if Applicable: 2502-0536.
    Description of the Need for the Information and Proposed Use: The 
Single Family Premium Collection Subsystem-Periodic (SFPCS-P) allows 
the lenders to remit the Periodic Mortgage Insurance Premiums using 
funds obtained from the mortgagor during the collection of the monthly 
mortgage payment. The SFPCS-P strengthens HUD's ability to manage and 
process periodic single-family mortgage insurance premium collections 
and corrections to submitted data. It also improves data integrity for 
the Single Family Mortgage Insurance Program. Therefore, the FHA 
approved lenders use Automated Clearing House (ACH) application for all 
transmissions

[[Page 53240]]

with SFPCS-P. The authority for this collection of information is 
specified in 24 CFR 203.264 and 24 CFR 203.269. In general, the lenders 
use the ACH application to remit the periodic premium payments through 
SFPCS-P for the required FHA insured cases and to comply with the 
Credit Reform Act.
    Agency Form Numbers, if Applicable: None.
    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 number of hours needed to prepare 
the information collection is 5,670 annually; the estimated number of 
respondents is 3,150 annually; the frequency of response is monthly 
generating 37,800 responses annually; and the estimated time per 
response is 9 minutes. Since remittances are made through the ACH and/
or EDI applications the periodic remittance is submitted electronically 
and there is no paperwork to complete and mail in.
    Status of the Proposed Information Collection: This is an extension 
of a currently approved information collection.

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

    Dated: August 29, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
[FR Doc. 05-17730 Filed 9-6-05; 8:45 am]
BILLING CODE 4210-27-P