[Federal Register Volume 76, Number 19 (Friday, January 28, 2011)]
[Notices]
[Page 5187]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-1896]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5484-N-01]


Notice of Proposed Information Collection: Comment Request; 
Emergency Homeowners' Loan Program Data Elements

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of proposed information collection.

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

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: February 28, 2011.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this Notice. Comments should refer to the proposal by name/
or OMB approval number and should be sent to: HUD Desk Officer, Office 
of Management and Budget, New Executive Office Building, Washington, DC 
20503; e-mail: [email protected]; fax: (202) 395-3086.

FOR FURTHER INFORMATION CONTACT: Reports Management Officer, QDAM, 
Department of Housing and Urban Devlopment, 451 7th Street, SW., 
Washington, DC 20410, e-mail [email protected]; 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 U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, an information collection package with 
respect to implementing the Emergency Homeowners' Loan Program targeted 
to borrowers facing foreclosure.
    The Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010 
(Pub. L. 111-203, approved July 21, 2010, Sec 1496) appropriated 
$1billion to HUD to establish an Emergency Homeowner's Relief Fund, 
pursuant to section 107 of the Emergency Housing Act of 1975, that will 
provide emergency mortgage assistance to homeowners that are at risk of 
foreclosure due to involuntary unemployment or underemployment due to 
an adverse economic or medical condition. Accordingly, HUD will 
implement the Emergency Homeowners Loan Program (EHLP) that is designed 
to offer a declining balance, deferred payment ``bridge loan'' (non-
recourse, subordinate loan with zero interest) for up to $50,000 to 
assist eligible homeowners with payments of arrearages, including 
delinquent taxes and insurance plus up to 24 months of monthly payments 
on their mortgage principal, interest, mortgage insurance premiums, 
taxes, and hazard insurance.
    The Emergency Homeowners Loan Program is designed by HUD to meet 
the statutory directive and provides funding to support mortgage relief 
assistance.
    HUD will use two approaches to implement EHLP: (1) Provide 
allocations to States that currently have substantially similar 
programs to administer their mortgage relief funds directly; and (2) 
delegate key administrative functions to third party entities that will 
assist HUD with program implementation. The third party entities will 
be primarily responsible for application intake, eligibility screening, 
funds control, payment distribution, and note processing.
    Homeowners' (borrowers') participation in the program is voluntary. 
However, to help determine eligibility for assistance borrowers must 
submit the required application information and loan documentation to 
demonstrate that they meet program eligibility guidelines to receive 
mortgage relief assistance through EHLP.
    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 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 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: Emergency Homeowners' Loan Program Data 
Elements.
    Description of the need for the information and proposed use: This 
information collection is necessary to determine applicant eligibility 
to receive mortgage relief assistance under the Emergency Homeowners' 
Loan Program.
    OMB Control Number, if applicable: 2502-XXXX (New).
    Agency form numbers, if applicable: None.
    Member of Affected Public: Emergency Homeowners' Loan Program Data 
Elements.
    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 total number of respondents are 
estimated to be 36,264; the frequency of response (one time) for 
initial intake and an on-occasion response to re-certify changes in 
required eligibility data, the estimated time needed to prepare the 
response averages 3 hours ; and the total estimated annual burden hours 
are 108,792.

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

    Dated: January 24, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2011-1896 Filed 1-27-11; 8:45 am]
BILLING CODE 4210-72-P