[Federal Register Volume 70, Number 223 (Monday, November 21, 2005)]
[Notices]
[Page 70089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-6393]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-38]


Notice of Proposed Information Collection: Comment Request; 
Mortgagee's Certification of Fees and Escrow and Surety Bond Against 
Defects

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: January 20, 2006.

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: Joe E. Malloy, Acting Director, Office 
of Multifamily Housing Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-1142, extension 2524 (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: Mortgagee's Certification of Fees and Escrow and 
Surety Bond Against Defects.
    OMB Control Number, if applicable: 2502-0468.
    Description of the need for the information and proposed use: HUD 
requires the mortgagee to submit Form HUD 2434, Mortgagee's 
Certificate, to assure that fees are within acceptable limits and the 
required escrows will be collected. HUD determines the reasonableness 
of the fees and uses the information in calculating the financial 
requirement for closing. The information is also used to determine 
allowable fees that will be collected from the mortgagor at closing. 
HUD requires that Form HUD-3259 be submitted on all construction 
projects. This bond protects HUD and the mortgagor against liens 
arising from the development of the project and unprofessional 
construction.
    Agency form numbers, if applicable: HUD-2434 and HUD-3259.
    Estimation of the total numbers of hours needed to prepare the 
information collection based on the number of respondents, frequency of 
response, and hours of response: The estimated total number of burden 
hours needed to prepare the information collection is 1,071; the number 
of respondents is 1,020, generating approximately 1,020 annual 
responses; the frequency of response is on occasion; and the estimated 
time needed to prepare the response varies from .30 to .75 hours per 
form.
    Status of the proposed information collection: This is an extension 
of a currently approved collection.

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

Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
 [FR Doc. E5-6393 Filed 11-18-05; 8:45 am]
BILLING CODE 4210-27-P