[Federal Register Volume 76, Number 149 (Wednesday, August 3, 2011)]
[Notices]
[Pages 46832-46833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19591]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5481-N-12]


Notice of Proposed Information Collection: Loan Guarantee 
Recovery Fund; Comment Request

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, 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

[[Page 46833]]

the proposal by name and/or OMB Control Number and should be sent to: 
Rudene Thomas, Reports Liaison Officer, Department of Housing Urban and 
Development, 451 7th Street, SW., Room 7256, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Jackie L. Williams, Ph.D., Director, 
Office of Rural Housing and Economic Development, Department of Housing 
and Urban Development, 451 7th Street, SW., Room 7137, Washington, DC 
20410, telephone: (202) 708-2290 (this is not a toll-free number), for 
copies of the proposed forms and other available documents:

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 
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: Loan Guarantee Recovery Fund.
    OMB Control Number, if applicable: 2506-0159.
    Description of the need for the information and proposed use: To 
appropriately determine whether entities that submit applications for 
assistance under the Loan Guarantee Recovery Fund (Section 4 of the 
Church Arson Prevention Action of 1996) are eligible applicants and 
submit applications otherwise in compliance with the regulations, 
certain information is required. Among other necessary criteria, HUD 
must determine whether: (1) the Financial institution is eligible as 
defined at 24 CFR Section 573.2 of the regulation; (2) the borrower is 
eligible as defined under 24 CFR Section 4; (3) the loan will assist in 
addressing damage or destruction caused by acts of arson or terrorism; 
(4) the activities which will be assisted by the guaranteed loans are 
eligible activities under 573.3; (5) the financial institution utilizes 
sufficient underwriting standards; and (6) the assisted activities will 
comply with all applicable environmental laws requirements.
    Agency form numbers, if applicable: Form HUD-40076 LGA (1/2005).
    Members of affected public: Financial institutions such as banks, 
trust companies, savings and loan associations, credit unions, mortgage 
companies, or other issues regulated by the Federal Deposit Insurance 
Corporation, the Office of Thrift Supervision, the Credit Union 
Administration, or the U.S. Comptroller of the Currency. Certain not-
for-profit organizations affected by acts of arson or terrorism.
    Estimation of the total numbers of hours needed to prepare the 
Information collection including number of respondents frequency of 
response, and hours of response. A total of 79 respondents are expected 
and the total estimated burden hours are 1,752.
    Status of the proposed information collection: The Department does 
not have a critical mass of respondents to serve as a source of 
information from which conclusions can be drawn with respect to the 
accuracy of its current estimates.

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

    Dated: July 20, 2011.
Clifford D. Taffet,
General Deputy Assistant, Secretary for Community Planning and 
Development.
[FR Doc. 2011-19591 Filed 8-2-11; 8:45 am]
BILLING CODE 4210-67-P