[Federal Register Volume 72, Number 59 (Wednesday, March 28, 2007)]
[Notices]
[Pages 14607-14608]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-5625]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5121-N-10]


Notice of Proposed Information Collection: Comment Request; 
Mortgage Insurance Termination; Application for Premium Refund or 
Distributive Share Payment

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: May 29, 2007.

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: Lillian L. Deitzer, Reports 
Management Officer, Department of Housing and Urban Development, 451 
7th Street, SW., Washington, DC 20410 or [email protected].

FOR FURTHER INFORMATION CONTACT: For information concerning Mortgage 
Insurance Termination contact Gabrielle Scandone, Branch Chief, Systems 
Management Branch, Single Family Insurance Operations Division (SFIOD), 
telephone (202) 402-2717 (this is not a toll free number) or for 
information concerning Form HUD-27050-B, Application for Premium Refund 
or Distributive Share, contact Silas C. Vaughn, Jr., Branch Chief, 
Disbursements and Customer Service Branch, SFIOD, telephone (202) 402-
3545 (this is not a toll free number) Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410.

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:

[[Page 14608]]

    Title of Proposal: Mortgage Insurance Termination; Application for 
Premium Refund or Distributive Share Payment.
    OMB Control Number, if applicable: 2502-0414.
    Description of the need for the information and proposed use: The 
information collection for the Mortgage Insurance Termination is used 
by Federal Housing Administration (FHA) approved mortgagees to comply 
with HUD requirements for reporting the termination of FHA mortgage 
insurance on single family dwellings (24 CFR 203.318). The form HUD-
27050-A is now obsolete. However, the information collection is still 
in effect and is collected electronically through Electronic Data 
Interchange and via FHA Connection. The Application for Premium Refund 
or Distributive Share Payment is used by former FHA mortgagors to apply 
for homeowner refunds of the unearned portion of the mortgage insurance 
premium or a distributive share payment (24 CFR 203.423, 24 CFR 
203.283, and 24 CFR 203.284).
    Agency form numbers, if applicable: HUD-27050-A (Submitted 
electronically) and HUD-27050-B (System generated).
    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 burden 
hours needed to prepare the information collection is 157,932; the 
number of respondents is 462,349 generating approximately 1,004,407 
annual responses; the frequency of response is on occasion for 
mortgagors and varies for lenders; and the estimated time needed to 
prepare the response is 5 minutes for lenders and 15 minutes for 
mortgagors.
    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: March 1, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. E7-5625 Filed 3-27-07; 8:45 am]
BILLING CODE 4210-67-P