[Federal Register Volume 76, Number 2 (Tuesday, January 4, 2011)]
[Notices]
[Pages 374-375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-33211]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5376-C-123]


Notice of Submission of Proposed Information Collection to OMB; 
HUD Conditional Commitment/Direct Endorsement Statement of Appraised 
Value

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

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 information is used by appraisers and/or underwriters upon 
their review of the appraisal report (USAR) to determine if a property 
meets FHA guidelines to be eligible for HUD mortgage insurance. 
Underwriters are required to sign and submit a copy of the completed 
form to HUD for endorsement as part of the case binder; to provide a 
copy to the homebuyer; and to maintain a copy for the mortgagee.
    A thirty day Federal Register notice was published on Wednesday, 
December 15, 2010. However, the burden calculations were incorrect. 
Therefore, this notice is to alert the public of the correct burden 
hours for this information collection package.

DATES: Comments Due Date: February 3, 2011.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0494) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. E-mail: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail Colette Pollard at 
[email protected] or telephone (202) 402-3400. This is not a 
toll-free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

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: HUD Conditional Commitment/Direct Endorsement 
Statement of Appraised Value.
    OMB Approval Number: 2502-0494.
    Form Numbers: HUD-92800.5B.

Description of the Need for the Information and its Proposed Use

    The information is used by appraisers and/or underwriters upon 
their review of the appraisal report (USAR) to determine if a property 
meets FHA guidelines to be eligible for HUD mortgage insurance. 
Underwriters are required to sign and submit a copy of the completed 
form to HUD for

[[Page 375]]

endorsement as part of the case binder; to provide a copy to the 
homebuyer; and to maintain a copy for the mortgagee.
    Frequency of Submission: On occasion.
    Reporting Burden: The number of burden hours is 680. The number of 
respondents is 5,668, the number of responses is 5,668, the frequency 
of response is on occasion, and the burden hour per response is .12 
hours.
    Status: Revision of a currently approved collection.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: December 27, 2010.
Colette Pollard,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 2010-33211 Filed 1-3-11; 8:45 am]
BILLING CODE 4210-67-P