[Federal Register Volume 83, Number 188 (Thursday, September 27, 2018)]
[Notices]
[Pages 48861-48862]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21086]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7005-N-19]


60-Day Notice of Proposed Information Collection: Personal 
Financial and Credit Statement

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: November 26, 2018.

ADDRESSES: Interested persons are invited to submit comments regarding

[[Page 48862]]

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: Patricia M. Burke, Acting Director, 
Office of Multifamily Production, Department of Housing and Urban 
Development, 451 7th Street SW, Washington, DC 20410, email, 
[email protected], or telephone 202-402-5693. 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: Personal Financial and Credit 
Statement.
    OMB Approval Number: 2502-0001.
    OMB Expiration Date: 12/31/2018.
    Type of Request: Revision of currently approved collection.
    Form Number: HUD-92417. Description of the need for the information 
and proposed use: A credit investigation of the sponsor, mortgagor, and 
general contractor to evaluate the character, capital, and ability to 
develop, build, complete and maintain a multifamily project. The 
Department has authority under the National Housing Act (12 U.S.C. 1701 
et seq.) and implementing regulations (24 CFR parts 200-267) to collect 
information to evaluate the character, ability, and capital of the 
sponsor, mortgagor, and general contractor for mortgage insurance. The 
financial analysis of the project's principal participants is an 
integral part of the underwriting process. Therefore, the Department is 
legally authorized to review the mortgagor's financial capacity to 
minimizerisk to the insurance funds.
    Respondents: Individuals participating in HUD Multifamily mortgage 
insurance programs as principals of sponsors, mortgagors, and general 
contractors.
    Estimated Number of Respondents: 1,230.
    Estimated Number of Responses: 1,230.
    Frequency of Response: 1.
    Average Hours per Response: 8.
    Total Estimated Burdens: 9,840.

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: September 11, 2018.
Vance T. Morris,
Special Assistant to the Assistant Secretary for Housing--Federal 
Housing Commissioner, H.
[FR Doc. 2018-21086 Filed 9-26-18; 8:45 am]
 BILLING CODE 4210-67-P