[Federal Register Volume 72, Number 84 (Wednesday, May 2, 2007)]
[Notices]
[Page 24325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8328]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5121-15]


Notice of Submission of Proposed Information Collection to OMB; 
Application for Insurance of Advance of Mortgage Proceeds

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 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.

DATES: Comments Due Date: June 1, 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 (2502-0097) and should be sent to: Lillian Deitzer, 
Reports Management Officer, Department of Housing and Urban 
Development, 451 7th Street, SW., Room 4178, Washington, DC 20401 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Richard Shearin, Appraiser, Office of 
Multifamily Housing Development, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail 
[email protected]; telephone (202) 402-2585. This is not a 
toll-free number.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, a survey instrument to obtain information 
from faith based and community organizations on their likelihood and 
success at applying for various funding programs. 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.
    Title of Proposal: Application for Insurance of Advance of Mortgage 
Proceeds.
    OMB Approval Number: 2502-0097.
    Form Numbers: HUD-92403.
    Description of the Need for the Information and Its Proposed Use: 
The application for Insurance of Advance of Mortgage Proceeds, is 
submitted by mortgagors to request the advance of mortgage proceeds to 
reimburse the mortgagor for funds expended or obligated for 
construction related items; and by mortgagees to request mortgage 
insurance for funds so advanced. HUD transmits the form as its 
certificate for mortgage insurance for funds it approves for advance.
    Frequency of Submission: Quarterly.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =   Burden  hours
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Reporting Burden....................          33,600           16,800   ..             0.2   ..           3,360
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    Total Estimated Burden Hours: 3,360.
    Status: Request for extension of an existing information 
collection.

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

    Dated: April 26, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing, Deputy Federal Housing 
Commissioner.
 [FR Doc. E7-8328 Filed 5-1-07; 8:45 am]
BILLING CODE 4210-67-P