[Federal Register Volume 73, Number 97 (Monday, May 19, 2008)]
[Notices]
[Pages 28832-28833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-11075]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5191-N-14]


Notice of Proposed Information Collection: Comment Request; 
Request for Credit Approval of Substitute Mortgagor

AGENCY: Office of the Assistant Secretary for Housing, 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.

[[Page 28833]]


DATES: Comments Due Date: July 18, 2008.

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, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
[email protected] or telephone (202) 402-8048.

FOR FURTHER INFORMATION CONTACT: Leslie Bromer, Office of Single Family 
Asset Management and Disposition Division, Department of Housing and 
Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone 
(202) 402-2309 (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: Request for Credit Approval of Substitute 
Mortgagor.
    OMB Control Number, if applicable: 2502-0036.
    Description of the need for the information and proposed use: A 
buyer may assume an FHA-insured mortgage by becoming the substitute 
mortgagor through the credit approval process. Prior to releasing a 
seller from liability on the mortgage note or for mortgages after 
December 15, 1989, HUD or a Direct Endorsement (DE) lender must review 
the credit of the assumer and record the approval.
    Agency form numbers, if applicable: HUD-92210 and HUD-92210.1.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The number of burden hours is 4,800. 
The number of respondents is 600, the number of responses is 4, the 
frequency of response is on occasion, and the burden hour per response 
is .50-1.00.
    Status of the proposed information collection: This is an extension 
to a previous collection.

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

    Dated: May 12, 2008.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
 [FR Doc. E8-11075 Filed 5-16-08; 8:45 am]
BILLING CODE 4210-67-P