[Federal Register Volume 76, Number 149 (Wednesday, August 3, 2011)]
[Notices]
[Pages 46833-46834]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19590]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Docket No. FR-5484-N-25]


Notice of Proposed Information Collection: Comment Request; 
Application for FHA Insured Mortgages

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: Comments Due Date: October 3, 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 Officer, 
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: Arlene Nunes, Deputy Director, Home 
Mortgage Insurance Division, Office of Single Family Program 
Development Division, 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 requirements 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 will 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: Requirements for Single Family Mortgage 
Instruments.
    OMB Control Number, if applicable: 2502-0404.
    Description of the need for the information and proposed use: The 
lender or designee prepares the mortgage and mortgage note that are to 
be insured by the Department. In accordance with the subject policy, 
the lender must include language in the mortgage, mortgage note, deed 
of trust, etc., that accomplishes the requirements of the Department 
for mortgage insurance. The lender must ensure that the mortgage and 
the note contain these provisions and do not include

[[Page 46834]]

provisions that conflict. If these requirements are not observed, FHA 
may insure a mortgage that fails to comply with statutory and 
regulatory requirements established to protect the interest of the 
government. For each mortgage, the lender or designee must provide the 
name of the mortgagor, the legal description of the property, and the 
term and rate of the mortgage to be insured. A lender must develop or 
procure mortgage and note forms that comply with both HUD and 
applicable state and local requirements for a recordable and 
enforceable mortgage. Proof of recoding is often found on the document; 
a recorded document normally has a seal or other marking that indicates 
where it may be found in the land records. Either proof of recordation 
or a certified copy of the document with the recordation seal will meet 
this requirement.
    Agency form numbers, if applicable: None.
    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 frequency of response is one 
document per loan and the total number of burden hours for entry is 30 
minutes per endorsed case. The total number of responses is 1,623,947 
which represent the total number of FHA cases endorsed. The total 
number of burden hours is estimated at 811,973 which represent the time 
required to prepare the required documents for FHA cases insured.
    Status of the proposed information collection: This is an extension 
of a currently approved collection.

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

    Dated: July 25, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2011-19590 Filed 8-2-11; 8:45 am]
BILLING CODE 4210-67-P