[Federal Register Volume 73, Number 97 (Monday, May 19, 2008)]
[Notices]
[Pages 28835-28836]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-11082]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5191-N-15]


Notice of Proposed Information Collection: Comment Request; 
Requirements for Single Family Mortgage Instruments

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.

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: Margaret E. Burns, 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

[[Page 28836]]

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: Requirements For Single Family Mortgage 
Instruments.
    OMB Control Number, if applicable: 2502-0404.
    Description of the need for the information and proposed use:
    FHA insures single-family mortgages and stipulates the specific 
provisions needed for mortgage instruments as required by statute and 
regulation. The regulations are found at 24 CFR 203.255(b)(3)--
implement statutory and regulatory requirements. Accompanying documents 
required by the Secretary--states the requirements for applications for 
insurance involving mortgages originated under the Direct Endorsement 
program under 24 CFR 203.5. One requirement is for the mortgagee to 
submit to the Secretary, within 60 days after the date of closing of 
the loan or such additional time as permitted by the Secretary, 
properly completed documentation and certifications, including a 
certified copy of the mortgage and note executed upon forms which meet 
the requirements of the Secretary.
    Agency form numbers, if applicable: None.
    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 4,500. 
The number of respondents is 9,000, the number of responses is 9,000, 
the frequency of response is on occasion, and the burden hour per 
response is 0.5.
    Status of the proposed information collection: Extension of a 
currently approved 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. E8-11082 Filed 5-16-08; 8:45 am]
BILLING CODE 4210-67-P