[Federal Register Volume 79, Number 59 (Thursday, March 27, 2014)]
[Notices]
[Page 17173]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-06726]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-32]


30-Day Notice of Proposed Information Collection: HUD Conditional 
Commitment/Statement of Appraised Value

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: April 28, 2014.

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 November 20, 2013.

A. Overview of Information Collection

    Title of Information Collection: HUD Conditional Commitment/
Statement of Appraised Value.
    OMB Approval Number: 2502-0494.
    Type of Request Revision of a currently approved collection.
    Form Number: HUD 92800.5b.
    Description of the need for the information and proposed use: 
Lenders must provide to loan applicants either a completed copy of form 
HUD-92800.5B, or a copy of the completed appraisal report, at or before 
loan closing. Form HUD 92800.5B serves as the mortgagee's conditional 
commitment/direct endorsement statement of value of FHA mortgage 
insurance on the property. The form provides a section for a statement 
of the property's appraised value and other required FHA disclosures to 
the homebuyer, including specific conditions that must be met before 
HUD can endorse a firm commitment for mortgage insurance. HUD uses the 
information only to determine the eligibility of a property for 
mortgage insurance.
    Respondents: (i.e. affected public): Business.
    Estimated Number of Respondents: 1837.
    Estimated Number of Responses: 900,000.
    Frequency of Response: On occasion.
    Average Hours per Response: .12.
    Total Estimated Burdens: 108,000.

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.

C. Authority

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

    Dated: March 21, 2014.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2014-06726 Filed 3-26-14; 8:45 am]
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