[Federal Register Volume 72, Number 223 (Tuesday, November 20, 2007)]
[Notices]
[Pages 65343-65344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-22699]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5117-N-96]


Notice of Submission of Proposed Information Collection to OMB; 
Lender Qualifications for Multifamily Accelerated Processing (MAP)

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.
    To participate in MAP, lenders will be required to show that they 
have an experienced multifamily underwriter on staff, a satisfactory 
record on lending on multifamily housing properties, and an acceptable 
Quality Control Plan. Qualified lenders can then take advantage of a 
mortgage application-processing plan that will take substantially less 
processing time than traditional processing.

DATES: Comments Due Date: December 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 (2502-0541) 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) 402-8048. 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://www.5.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 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: Lender Qualifications for Multifamily 
Accelerated Processing (MAP).
    OMB Approval Number: 2502-0541.
    Form Numbers: None.
    Description of the Need for the Information and its Proposed Use: 
To participate in MAP, lenders will be

[[Page 65344]]

required to show that they have an experienced multifamily underwriter 
on staff, a satisfactory record on lending on multifamily housing 
properties, and an acceptable Quality Control Plan. Qualified lenders 
can then take advantage of a mortgage application-processing plan that 
will take substantially less processing time than traditional 
processing.
    Frequency of Submission: On occasion, Annually.

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                                         Number of          Annual             Hours per
                                        Respondents       responses      x      response      =    Burden hours
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Reporting Burden....................              85                1   ..            1.44   ..             123
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    Total Estimated Burden Hours: 123.
    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: November 14, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. E7-22699 Filed 11-19-07; 8:45 am]
BILLING CODE 4210-67-P