[Federal Register Volume 82, Number 132 (Wednesday, July 12, 2017)]
[Notices]
[Page 32196]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14627]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6001-N-20]


60-Day Notice of Proposed Information Collection: Rehabilitation 
Mortgage Insurance Underwriting Program Section 203(K)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, 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: September 11, 2017.

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: Kevin Stevens, Director, HMID, 
Department of Housing and Urban Development, 451 7th Street SW., 
Washington, DC 20410; email Kevin Stevens at [email protected] or 
telephone 202-402-4317. 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. Pollard.

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: Rehabilitation Mortgage Insurance 
Underwriting Program Section 203(K).
    OMB Approval Number: 2502-0527.
    Type of Request: Extension of currently approved collection.
    Form Number: HUD-92700-A, HUD-9746-A, HUD-92577.
    Description of the need for the information and proposed use: This 
request for OMB review involves an extension request for information 
collected under OMB approval 2502-0527 for lenders that originate and 
service Section 203(k) mortgages. The information collection 
specifically focuses on documenting rehabilitation loan expenses, 
maintaining the repair escrow accounts and the use of FHA approved 
203(k) consultants. This program does not operate independent of FHA's 
established process. The loan origination process and underwriting 
follows the same standards and systems as all 203(b) loans as 
documented in OMB Control Numbers 2502-0059 & 2502-0556. Per the 
existing collection 15,871 respondents are borrowers and lenders, 
including approximately 20 nonprofits, who annually apply for Standard 
203(k) and Limited 203(k) loans the 203(k) program. Also, 1,939 
consultants are on FHA's 203(k) Consultant Roster.
    Respondents (i.e. affected public): Business or other for-profit.
    Estimated Number of Respondents: 15,871.
    Estimated Number of Responses: 222,222.
    Frequency of Response: Once per loan.
    Average Hours per Response: .94.
    Total Estimated Burdens: 7,107,425.

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: June 9, 2017.
Genger Charles,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2017-14627 Filed 7-11-17; 8:45 am]
 BILLING CODE 4210-67-P