[Federal Register Volume 74, Number 214 (Friday, November 6, 2009)]
[Notices]
[Pages 57516-57517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-26770]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5285-N-35]


Notice of Proposed Information Collection: Comment Request; FHA-
Cooperative Share Loan Insurance

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: January 5, 2010.

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: Program Contact, 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: Cooperative Share Loan Insurance.
    OMB Control Number, if applicable: 2502-XXXX.
    Description of the need for the information and proposed use: A new 
Mortgagee Letter calls for a collection of information and documents 
related to cooperative projects and the share loan to be insured. The 
documents and

[[Page 57517]]

information to be collected will identify components of the cooperative 
corporation for analysis, in order to protect the interests of the 
share-owner occupant, the lender, and FHA's Mutual Mortgage Insurance 
fund. Further, the guidance in the Mortgagee Letter aligns with current 
protections, practices, and standards used by cooperative corporations 
and industry partners.
    Agency form numbers, if applicable: HUD-92270, HUD-92271, and HUD-
92270-G
    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 number of annual burden hours is 
2000. The number of respondents is 12,670, the number of responses is 
1,000, the frequency of response is on occasion, and the burden hour 
per response is 2.
    Status of the proposed information collection: This is a new 
collection.

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

    Dated: October 19, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing--Deputy Federal 
Housing Commissioner.
[FR Doc. E9-26770 Filed 11-5-09; 8:45 am]
BILLING CODE 4210-67-P