[Federal Register Volume 72, Number 99 (Wednesday, May 23, 2007)]
[Notices]
[Pages 28986-28987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-9955]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5117-N-43]


Notice of Submission of Proposed Information Collection to OMB; 
Mortgage Insurance Termination; Application for Premium Refund or 
Distributive Share Payment

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.
    The Mortgage Insurance Termination Information is used by FHA-
approved lenders to terminate FHA insurance to comply with HUD 
requirements. The Application for Premium Refund or Distributive Share 
Payment is used by homeowners to apply for the unearned portion of the 
mortgage insurance premium or a distributive share payment.

DATES: Comments Due Date: June 22, 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 (2502-0414) 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://www5.hud.gov:63001/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

[[Page 28987]]

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: Mortgage Insurance Termination; Application for 
Premium Refund or Distributive Share Payment.
    OMB Approval Number: 2502-0414.
    Form Numbers: HUD-27050-A and HUD-27050-B.
    Description of the Need for the Information and Its Proposed Use: 
The Mortgage Insurance Termination Information is used by FHA-approved 
lenders to terminate FHA insurance to comply with HUD requirements. The 
Application for Premium Refund or Distributive Share Payment is used by 
homeowners to apply for the unearned portion of the mortgage insurance 
premium or a distributive share payment.
    Frequency of Submission: On occasion.

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                                          Number of         Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................         462,349             2.17   ..           0.157   ..         157,932
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    Total Estimated Burden Hours: 157,932.
    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: May 18, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. E7-9955 Filed 5-22-07; 8:45 am]
BILLING CODE 4210-67-P