[Federal Register Volume 84, Number 28 (Monday, February 11, 2019)]
[Notices]
[Pages 3223-3224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01712]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7001-N-62]


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

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD 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 30 days of public comment.

DATES: Comments Due Date: March 13, 2019.

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, QMAC, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email [email protected], or 
telephone 202-402-3400. This is not a toll-free number. Person 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.

[[Page 3224]]


SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for 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 
September 27, 2018 at 83 FR 48861.

A. Overview of Information Collection

    Title of Information Collection: Personal Financial and Credit 
Statement.
    OMB Approved Number: 2502-0001.
    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 minimize 
risk 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: December 21, 2018.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2019-01712 Filed 2-8-19; 8:45 am]
BILLING CODE 4210-67-P