[Federal Register Volume 78, Number 165 (Monday, August 26, 2013)]
[Notices]
[Page 52781]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20741]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5683-N-78]


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

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: September 25, 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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. 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 HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on June 17, 2013.

A. Overview of Information Collection

    Title of Information Collection: Disclosure of Adjustable Rate 
Mortgages (ARMs) Rates.
    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 (describe): 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:
    (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: August 20, 2013.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2013-20741 Filed 8-23-13; 8:45 am]
BILLING CODE 4210-67-P