[Federal Register Volume 78, Number 116 (Monday, June 17, 2013)]
[Notices]
[Pages 36231-36232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14339]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5687-N-27]


60-Day Notice of Proposed Information Collection: FHA--Disclosure 
of Adjustable Rate Mortgages (ARMs) Rates

AGENCY: Office of Single Family Program Development, HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: August 16, 2013.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Joanne Kuzma, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410; email Joanne 
Kuzma at [email protected] or telephone 202-402-2121. This is not 
a toll-free number. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Kuzma.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: FHA-Insured Mortgage Loan 
Servicing of Payments, Prepayments, Terminations, Assumptions and 
Transfers.
    OMB Approval Number: 2502-0322.
    Type of Request: Extension of a currently approved collection.
    Form Number: None.
    Description of the Need for the Information and Proposed Use: 
Mortgagees must make available to the mortgagor, at the time of loan 
application, a written explanation of the features of an adjustable-
rate mortgage ARM consistent with the disclosure requirements 
applicable to variable rate mortgages secured by a principal dwelling 
under TILA. Regulation Z,'' at 15 U.S.C. 1601, 12 CFR 22618.
    Respondents (i.e. affected public): FHA Approved Lenders.
    Estimated Number of Respondents: 3,231.
    Estimated Number of Responses: 215,306.
    Frequency of Response: Occasion.
    Average Hours per Response: .05.
    Total Estimated Burdens: 10,765.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:

[[Page 36232]]

    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

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

    Dated: June 10, 2013.
Laura M. Marin,
Acting General Deputy Assistant Secretary for Housing-Acting General 
Deputy Federal Housing Commissioner.
[FR Doc. 2013-14339 Filed 6-14-13; 8:45 am]
BILLING CODE 4210-67-P