[Federal Register Volume 70, Number 242 (Monday, December 19, 2005)]
[Notices]
[Pages 75209-75210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-7502]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-39]


Notice of Proposed Information Collection: Comment Request; Deed-
in-Lieu of Foreclosure (Corporate Mortgagors or Mortgagors Owning More 
than One Property)

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: February 17, 2006.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB

[[Page 75210]]

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: Joe McCloskey, Director, Office of 
Single Family Asset Management, Department of Housing and Urban 
Development, 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: Deed-in-Lieu of Foreclosure (Corporate 
Mortgagors or Mortgagors Owning More than One Property).
    OMB Control Number, if applicable: 2502-0301.
    Description of the need for the information and proposed use: 
Mortgagees must obtain written consent from HUD's National Servicing 
Center to accept a deed-in-lieu of foreclosure when the mortgagor is a 
corporate mortgagor or a when mortgagor owns more than one property. 
Mortgagees must provide HUD with specific information. HUD uses this 
information collection to review specific requirements in assessing the 
validity of accepting a deed-in-lieu of foreclosure.
    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 estimated total number of hours 
needed to prepare the information collection is 12.50, the number of 
respondents is 600 generating 25 annual responses, the frequency of 
response is on occasion, and the time to prepare per response is 30 
minutes.
    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.

    Dated: December 12, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing, Deputy Federal Housing 
Commissioner.
 [FR Doc. E5-7502 Filed 12-16-05; 8:45 am]
BILLING CODE 4210-27-P