[Federal Register Volume 74, Number 189 (Thursday, October 1, 2009)]
[Notices]
[Pages 50813-50815]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-23710]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5285-N-30]


Emergency Comment Request; Notice of Proposed Information 
Collection for Public Comment; FHA Lender Approval, Annual Renewal, 
Periodic Updates and Noncompliance Reporting by FHA Approved Lenders

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice of proposed information collection.

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SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for emergency review and approval, as required by the Paperwork 
Reduction Act. The Department is soliciting public comments on the 
subject proposal.

DATES: Comments Due Date: October 15, 2009.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within seven (14) days from 
the date of this Notice. Comments should refer to the proposal by name/
or OMB approval number) and should be sent to: Ross A. Rutledge, HUD 
Desk Officer, Office of Management and Budget, New Executive Office 
Building, Washington, DC 20503; e-mail: [email protected]; 
fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Lillian L. Deitzer, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of 
available documents submitted to OMB may be obtained from Ms. Deitzer.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, an information collection package with 
respect to implement statutory changes related to FHA approved lenders 
contained in Section 203 of the ``Helping Families Save Their Homes Act 
of 2009'' (Pub. L. 111-22) (the HFSH Act). The HFSH Act establishes: 
(1) Additional ineligibility criteria for FHA-approved lenders and 
mortgagees including any officer, partner, director, principal, 
manager, supervisor, loan processor, loan underwriter, or loan 
originator of the applicant seeking FHA lender approval or any 
currently approved FHA lender; (2) new reporting requirements if 
individual employees of the lender are subject to any sanction or any 
other administrative action, including if there is a revocation of a 
State-issued mortgage loan originator license issued pursuant to the 
S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their 
business name as registered with FHA in all of their marketing 
materials.
    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: FHA Lender Approval, Annual Renewal, Periodic 
Updates and Required Reports from FHA Approved Lenders.
    OMB Control Number, if applicable: 2502-0005.
    Description of the need for the information and proposed use: This 
information is required for: (1) FHA lender approval, (2) Annual 
renewal of each FHA lender's approval, (3) Updates to a FHA lender's 
approval and (4) Various reports from FHA lenders.

                   Agency Form Numbers, if Applicable
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HUD-92001-A............................  FHA Lender Approval Application
                                          Form
HUD-92001-B............................  FHA Branch Registration Form
HUD-92001-C............................  Conversion of Existing FHA
                                          Lender Approval Type
                                          Application Form
HUD 92001-D Previously HUD-92001-C.....  Title I Loan Noncompliances
                                          Report
HUD-92001-E............................  Application Fee Cover Sheet for
                                          Title I Approvals
HUD-92001-F............................  Application Fee Cover Sheet for
                                          Title II Approvals
HUD-92001-LC...........................  FHA Loan Correspondent
                                          Application Approval Form
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[[Page 50814]]


 Estimation of the Total Numbers of Hours Needed To Prepare the Information Collection Including Number of Respondents, Frequency of Response, and Hours
                                                                       of Response
                                                      [Information collection burden for 2502-0005]
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                                                                                            Total                     Total
                  Item No.                       Information collection      Number of      annual     Hours per      annual      Cost per      Total
                                                                            respondents   responses     response      hours         hour     annual cost
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A..........................................  Non-online submission of HUD-          400          400         2.00          800          $47      $37,600
                                              92001-A Application for FHA
                                              Lender Approval.
B..........................................  Online submission of HUD-      ...........  ...........          .50  ...........           47  ...........
                                              92001-A Application for FHA
                                              Lender Approval (Currently
                                              under development).
C..........................................  Non-online submission of HUD-        1,800        1,800         2.00        3,600           47      169,200
                                              92001-LC Application for FHA
                                              Loan Correspondent Approval.
D..........................................  Non-online submission of HUD-          200          200         2.00          400           47       18,800
                                              92001-C Application for
                                              Conversion of Existing FHA
                                              Lender Approval Type.
E..........................................  Non-online Submission of HUD-  ...........          500          .50          250           47       11,750
                                              92100-B Application for
                                              Registration of New Branch
                                              (including attachments).
F..........................................  Online Registration of New     ...........        2,000          .10          200           47        9,400
                                              Branches via FHA Connection.
G..........................................  Non-online Submission of HUD-  ...........          100         1.00          100           47        4,700
                                              92001-D Reporting of Title I
                                              Loan Non-Compliance.
H..........................................  Online Submission of           ...........        4,800          .15          720           47       38,840
                                              Reporting of Title II Loan
                                              Non-Compliance.
I..........................................  Non-online submission of HUD-  ...........        2,400          .05          120           47        5,640
                                              92001-E and 92001-F Cover
                                              Sheets for Title I and Title
                                              II Lender Approval
                                              Applications or Conversion
                                              Fee Payment.
J..........................................  Online Application Fee         ...........  ...........          .05  ...........  ...........  ...........
                                              Payment for Title I or Title
                                              II Lender Approval or
                                              Conversion (currently under
                                              development).
K..........................................  Non-online submission of HUD   ...........          500          .05           25           47        1,175
                                              92001-E and 92001-F Cover
                                              Sheets for Title I and Title
                                              II Branch Fee Payment.
L..........................................  Online Branch Registration     ...........        2,000          .05          100           47        4,700
                                              Fee for Title I or Title II
                                              Branches.
M..........................................  Online Annual Certification         14,000       14,000          .10        1,400           47       65,800
                                              Report for all Title I and
                                              Title II approved lenders
                                              and loan correspondents.
N..........................................  Online Submission of Annual    ...........       11,000         3.00       33,000           47    1,510,000
                                              Audited Financial Statements
                                              using the Lender Assessment
                                              SubSystem via FHA Connection
                                              by Title I and Title II
                                              Nonsupervised Lenders,
                                              Supervised Lenders and
                                              Nonsupervised Loan
                                              Correspondents.
O..........................................  Online payment of annual       ...........       13,800          .05          690           47       32,430
                                              renewal fee by all FHA
                                              Lenders except Government
                                              Lenders.
P..........................................  Online Termination of          ...........        4,000          .05          200           47        9,400
                                              Existing Branch by all
                                              lenders.
Q..........................................  Online Business Changes of a   ...........        5,000          .25         1250           47       58,750
                                              Lender.
R..........................................  Non-Online Business Changes    ...........        4,000          .50        2,000           47       94,000
                                              of a Lender.
S..........................................  Non-online Credit Watch        ...........           20         8.00          160           47        7,520
                                              Termination Reinstatement
                                              Requests.
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    Totals.................................  .............................  ...........       66,520  ...........       45,015           47    2,115,705
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[[Page 50815]]

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

    Dated: September 24, 2009.
Lillian L. Deitzer,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. E9-23710 Filed 9-30-09; 8:45 am]
BILLING CODE 4210-67-P