[Federal Register Volume 76, Number 40 (Tuesday, March 1, 2011)]
[Notices]
[Page 11256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-4411]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5484-N-05]


Notice of Proposed Information Collection: Comment Request Loan 
Sales Bidder Qualification Statement

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, 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: Comment due date: May 2, 2011.

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: Reports Liaison Office, 
Department of Housing and Urban Development, 451 7th Street, SW., 
Washington, DC 20410, Room 9120 or the number for the Federal 
Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy Director, Asset 
Sales Office, Room 3136, Department of Housing and Urban Development, 
451 Seventh Street, SW., Washington, DC 20410-8000; telephone 202-708-
2625, extension 3927 or Gregory Bolton, Senior Attorney, Office of 
Insured Housing, Multifamily Division, Room 9230; telephone 202-708-
0614, extension 5245. Hearing- or speech-impaired individuals may call 
202-708-4594 (TTY). These are not toll-free numbers.

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 of other forms of 
information technology, e.g., permitting electronic submission of 
responses.
    This notice list the following information:
    Title of Proposal: HUD Loan Sale Bidder Qualification Statement.
    OMB Control Number: 2502-0576.
    Agency Form Numbers, if Applicable: None.
    Description of the Need for the Information and Proposed Use: The 
Qualification Statement solicits from Prospective bidders to the HUD 
Loan Sales the basic qualifications required for bidding including but 
not limited to, Purchaser Information (Name of Purchaser, Corporate 
Entity, Address, Tax ID), Business Type, Net Worth, Equity Size, Prior 
History with HUD Loans and prior sales participation. By executing the 
Qualification Statement, the purchaser certifies, represents and 
warrants to HUD that each of the statements included are true and 
correct as to the purchaser and thereby qualifies them to bid.
    The Bidder Qualification Statement is released to a pool of 
approximately 17,000 potential investors, of which approximately 600 
respond annually. The estimated number of burden hours needed to 
prepare the information collection is 300; the frequency of response is 
on occasion; and the estimated time needed to prepare the response is 
near thirty (30) minutes and cost on the respondent to complete the 
statement is estimated to be close to ten (10) dollars.

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

    Dated: February 23, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2011-4411 Filed 2-28-11; 8:45 am]
BILLING CODE 4210-67-P