[Federal Register Volume 72, Number 11 (Thursday, January 18, 2007)]
[Notices]
[Pages 2298-2299]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-645]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5117-N-04]


Notice of Submission of Proposed Information Collection to OMB; 
Reporting Requirements Associated With 24 CFR 235.1001 and 24 CFR 
203.508(c)--Mortgagees Annual Notification to Mortgagors

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.
    Mortgagees must inform mortgagors in a yearend statement, of paid 
interest and disbursed taxes from the escrow account. This information 
is for state and federal income tax filing purposes. The yearend 
statement must provide an interest accounting in such a way as to allow 
the mortgagor to easily identify the amount of any subsidy paid by HUD 
for FHA ``235'' loans.

DATES: Comments Due Date: February 20, 2007.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0235) 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: Lillian Deitzer, Departmental Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 Seventh Street, SW., Washington, DC 20410; e-mail [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 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: Reporting Requirements Associated with 24 CFR 
235.1001 and 24 CFR 203.508(c)--Mortgagees Annual Notification to 
Mortgagors.
    OMB Approval Number: 2502-0235.
    Form Numbers: None.
    Description of the Need for the Information and Its Proposed Use: 
Mortgagees must inform mortgagors in a yearend statement, of paid 
interest and disbursed taxes from the escrow account. This information 
is for state and federal income tax filing purposes. The yearend 
statement must provide an interest accounting in such a way as to allow 
the mortgagor to easily identify the amount of any subsidy paid by HUD 
for FHA ``235'' loans.
    Frequency of Submission: Annually.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................             438          9,141.2   ..         0.00028   ..           1,143
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[[Page 2299]]

    Total Estimated Burden Hours: 1,143.
    Status: Extension of a currently approved collection.

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

    Dated: January 12, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. E7-645 Filed 1-17-07; 8:45 am]
BILLING CODE 4210-67-P