[Federal Register Volume 72, Number 125 (Friday, June 29, 2007)]
[Notices]
[Pages 35716-35717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-12582]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5121-N-22]


Notice of Proposed Information Collection: Comment Request; HUD 
Conditional Commitment/Direct Enforcement Statement of Appraised Value

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

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: August 28, 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 Deitzer, Reports 
Management Officer, Department of Housing and Urban Development, 451 
7th Street, Room 4178, Washington, DC 20410 or [email protected].

FOR FURTHER INFORMATION CONTACT: James Beavers, Acting Director, Office 
of Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-2121 (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: HUD Conditional Commitment/Direct Enforcement 
Statement of Appraised Value.
    OMB Control Number, if applicable: 2502-0494.
    Description of the need for the information and proposed use: This 
request for OMB review involves an extension of a previously approved 
information collection, Form HUD 92800.5B, Conditional Commitment/
Direct Enforcement Statement of Appraised Value (OMB control number 
2502-0494). Section 203 of the National Housing Act (Pub. L. 479, 48 
Stat. 1256, 12 U.S.C. 1701 et seq.) authorizes the Secretary of the 
Department of Housing and Urban Development to insure mortgages on 
single-family homes, including proposed and existing construction, when 
requested by FHA approved mortgagees. Form HUD 92800.5B serves as the 
mortgagee's conditional commitment/direct endorsement of FHA mortgage 
insurance on the property. The form provides for a statement of the 
property's appraised value and other required FHA disclosures to the 
homebuyer, including specific conditions that must be met before HUD 
can endorse a firm commitment for mortgage insurance.
    Agency form numbers, if applicable: HUD-92800.5B.

[[Page 35717]]

    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 number of burden hours 
needed to prepare the information collection is 51,000 hours; the 
number of respondents is 8,000 generating approximately 425,000 annual 
responses; the frequency of response is on occasion; and the estimated 
time needed to prepare the response is 7 minutes per response.
    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: June 22, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
 [FR Doc. E7-12582 Filed 6-28-07; 8:45 am]
BILLING CODE 4210-67-P