[Federal Register Volume 74, Number 218 (Friday, November 13, 2009)]
[Notices]
[Pages 58640-58641]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-27229]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5281-N-87]


Request for Approval of Advance of Escrow Funds

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.
    The Department requires mortgagors/borrowers and mortgagee/Lenders 
to execute a Building Loan Agreement setting forth terms and conditions 
under which progress payments may be advanced during project 
construction. The Agreement is executed before initial endorsement of 
mortgage insurance. HUD-92464 is a document used for

[[Page 58641]]

assurance of completion for escrowed funds.

DATES: Comments Due Date: December 14, 2009.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0018) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail Lillian Deitzer at [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.

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: Request for Approval of Advance of Escrow Funds.
    OMB Approval Number: 2502-0018.
    Form Numbers: HUD-92464.
    Description of the Need for the Information and Its Proposed Use: 
The Department requires mortgagors/borrowers and mortgagee/Lenders to 
execute a Building Loan Agreement setting forth terms and conditions 
under which progress payments may be advanced during project 
construction. The Agreement is executed before initial endorsement of 
mortgage insurance. HUD-92464 is a document used for assurance of 
completion for escrowed funds.
    Frequency of Submission: On occasion.

 
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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................             936                2   ..               1   ..           1,872
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    Total Estimated Burden Hours: 1,872.
    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 5, 2009.
 Lillian Deitzer,
 Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. E9-27229 Filed 11-12-09; 8:45 am]
BILLING CODE 4210-67-P