Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices 9245 

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: 

Leroy McKinney Jr., Departmental 

Reports Management Officer, QDAM, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Washington, DC 20410; e-mail 

Leroy.McKinneyJr@HUD.gov or 

telephone (202) 402–8048 or the number 

for the Federal Information Relay 

Service (1–800–877–8339). 

FOR FURTHER INFORMATION CONTACT: 

Program Contact, Director, Office of 

Single Family Program Development, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Washington, DC 20410, telephone (202) 

708–2121 (this is not a toll free number) 

for copies of the proposed forms and 

other available information. 

SUPPLEMENTARY INFORMATION: The 

Department is submitting the proposed 

information collection to OMB for 

review, as required by the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

Chapter 35, as amended). 

This Notice is soliciting comments 

from members of the public and affected 

agencies concerning the proposed 

collection of information to: (1) Evaluate 

whether the proposed collection is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information will have 

practical utility; (2) Evaluate the 

accuracy of the agency’s estimate of the 

burden of the proposed collection of 

information; (3) Enhance the quality, 

utility, and clarity of the information to 

be collected; and (4) Minimize the 

burden of the collection of information 

on those who are to respond; including 

the use of appropriate automated 

collection techniques or other forms of 

information technology, e.g., permitting 

electronic submission of responses. 

This Notice also lists the following 

information: 

Title of Proposal: Owner of Record 

and Re-sale Data to Preclude Predatory 

Lending Practices (Property Flipping) 

on FHA Insured Mortgages. 

OMB Control Number, if applicable: 

2502–0547. 

Description of the need for the 

information and proposed use: HUD is 

committed to preventing predatory sales 

practices. To do so, a permanent policy 

provides that FHA will not insure 

mortgages on properties re-sold within 

90 days and will require that only the 

owner-of-record be permitted to sell the 

property if FHA will insure the 

subsequent mortgage. However, in order 

to accommodate current market 

conditions, FHA has established a 

waiver to this 90-days regulation, which 

will expire after a one-year period. 

Lenders will be required to provide 

evidence of the date of the last resale 

and the date it occurred. If the resale 

exceeds area price thresholds 

established by FHA, FHA requires an 

additional appraisal to establish value. 

Agency form numbers, if applicable: 

None. 

Estimation of the total numbers of 

hours needed to prepare the information 

collection including number of 

respondents, frequency of response, and 

hours of response: The estimated total 

number of hours needed to prepare the 

information collection is 43,500; the 

number of respondents is 13,000 

generating approximately 1,150,000 

annual responses; the frequency of 

response is on occasion; and the 

estimated time needed to prepare the 

response is less than 1 minute for 

clerical data and 1 hour for ARM 

Disclosure review. 

Status of the proposed information 

collection: Extension of a currently 

approved collection. 

Authority: The Paperwork Reduction Act 

of 1995, 44 U.S.C., Chapter 35, as amended. 

Dated: February 23, 2010. 

Ronald Y. Spraker, 

Associate General Deputy Assistant Secretary 

for Housing. 

[FR Doc. 2010–4143 Filed 2–26–10; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5380–N–12] 

Notice of Proposed Information 

Collection: Comment Request; 

Submission Requirements for the 

Section 202 Supportive Housing for 

the Elderly and the Section 811 

Supportive Housing for Persons With 

Disabilities Capital Advance Program 

AGENCY: Office of the Assistant 

Secretary for Housing-Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: The proposed information 

collection requirement described below 

will be submitted to the Office of 

Management and Budget (OMB) for 

review, as required by the Paperwork 

Reduction Act. The Department is 

soliciting public comments on the 

subject proposal. 

DATES: Comments Due Date: April 30, 

2010. 

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: 

Leroy McKinney, Jr., Departmental 

Reports Management Officer, QDAM, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Washington, DC 20410; e-mail 

Leroy.McKinneyJr@HUD.gov or 

telephone (202) 402–8048 or the number 

for the Federal Information Relay 

Service (1–800–877–8339). 

FOR FURTHER INFORMATION CONTACT: 

Willie Spearmon, Director, Office of 

Housing Assistance and Grant 

Administration, Department of Housing 

and Urban Development, 451 7th Street, 

SW., Washington, DC 20410, telephone 

(202) 708–3000 (this is not a toll-free 

number) for copies of the proposed 

forms and other available information. 

SUPPLEMENTARY INFORMATION: The 

Department is submitting the proposed 

information collection to OMB for 

review, as required by the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

Chapter 35, as amended). 

This Notice is soliciting comments 

from members of the public and affected 

agencies concerning the proposed 

collection of information to: (1) Evaluate 

whether the proposed collection is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information will have 

practical utility; (2) Evaluate the 

accuracy of the agency’s estimate of the 

burden of the proposed collection of 

information; (3) Enhance the quality, 

utility, and clarity of the information to 

be collected; and (4) Minimize the 

burden of the collection of information 

on those who are to respond; including 

the use of appropriate automated 

collection techniques or other forms of 

information technology, e.g., permitting 

electronic submission of responses. 

This Notice also lists the following 

information: 

Title of Proposal: Capital Advance 

Program Submission Requirements for 

Firm Commitment Through Final 

Closing. Section 202 Supportive 

Housing for the Elderly and Section 811 

Supportive Housing for Persons With 

Disabilities. 

OMB Control Number, if applicable: 

2502–0470. 

Description of the need for the 

information and proposed use: This 

submission, for which the Department is 

requesting clearance, is to permit the 

continued processing of all Sections 202 

and 811 capital advance projects that 

have not yet been finally closed. The 

submission includes processing of the 

application for firm commitment to final 

closing of the capital advance. It is 

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9246 Federal Register / Vol. 75, No. 39 / Monday, March 1, 2010 / Notices 

needed to assist HUD in determining the 

Owner’s eligibility and capacity to 

finalize the development of a housing 

project under the Section 202 and 

Section 811 Capital Advance Programs. 

A thorough evaluation of an Owner’s 

capabilities is critical to protect the 

Government’s financial interest and to 

mitigate any possibility of fraud, waste 

and mismanagement of public funds. 

Agency form numbers, if applicable: 

HUD–: 2328; 2530; 2554; 2880; 935.2; 

9832; 9839–A; 9839–B; 9839–C; 51994; 

90163–CA; 90163.1–CA; 90164–CA; 

90165–CA; 90167–CA; 90169–CA; 

90169.a–CA; 90170–CA; 90171–CA; 

90172–A–CA; 90172–B–CA; 90173–A– 

CA; 90173–B–CA; 90173–C–CA; 90175– 

CA; 90175.1–CA; 90176–CA; 90177–CA; 

90178–CA; 91732–A–CA; 92013; 92013– 

SUPP; 92264; 92330; 92330–A; 92329; 

92331; 92403.1; 92403–CA; 92433–CA; 

92434–CA; 92435–CA; 92437; 92442; 

92442–A–CA; 92443–CA; 92448; 92450– 

CA; 92452–A; 92452–A–CA; 92457; 

92458; 92464; 92466–CA; 92466.1–CA; 

92476–A; 92476–A–CA; 92485; 92580; 

93432–CA; 93479; 93480; 93481; 93566– 

CA; 93566.1–CA; 27054; 50080–CAH; 

SF–269; SF–1199; SF–LL; and FM– 

1006. 

Estimation of the total number of 

hours needed to prepare the information 

collection including number of 

respondents, frequency of response, and 

hours of response: 

The number of burden hours is 8,973. 

The number of respondents is 260, the 

number of responses is 9,079, the 

frequency of response is on occasion, 

and the burden hour per response is 60. 

Status of the proposed information 

collection: Extension of currently 

approved collection 

Authority: The Paperwork Reduction Act 

of 1995, 44 U.S.C., Chapter 35, as amended. 

Dated: February 23, 2010. 

Ronald Y. Spraker, 

Associate General Deputy Assistant Secretary 

for Housing. 

[FR Doc. 2010–4145 Filed 2–26–10; 8:45 am] 

BILLING CODE 4210–27–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5376–N–14] 

Cooperative Share Loan Insurance 

AGENCY: Office of the Chief Information 

Officer, HUD. 

ACTION: Notice. 

SUMMARY: The proposed information 

collection requirement described below 

has been submitted to the Office of 

Management and Budget (OMB) for 

review, as required by the Paperwork 

Reduction Act. The Department is 

soliciting public comments on the 

subject proposal. 

New guidance for cooperative housing 

loan insurance will be published to 

update existing policies, and better 

enable mortgagees to submit cooperative 

share loans for FHA insurance. This 

new publication will provide 

instructions to lenders to ensure 

compliance with project requirements, 

origination, servicing, and claims. The 

guidance includes matters concerning 

forward and reverse (HECM) mortgages, 

as well as compatible insurance 

programs. Mortgagees must collect 

documents and information about the 

cooperative corporation and housing 

project, which are needed to evaluate 

the share loans’ eligibility, and ensure 

compliance with security and project, 

requirements. Additionally, the new 

instructions require a Cooperative 

Project Questionnaire, which will be 

used by lenders and FHA to document 

critical information relevant to the 

structure of the cooperative corporation 

and its eligibility for FHA insurance. 

Also required is a form Mortgagee 

Certification of Cooperative Eligibility, 

which is to be signed by the Mortgagee/ 

Lender. 

DATES: Comments Due Date: March 31, 

2010. 

ADDRESSES: Interested persons are 

invited to submit comments regarding 

this proposal. Comments should refer to 

the proposal by name and/or OMB 

approval Number (2502–NEW) and 

should be sent to: HUD Desk Officer, 

Office of Management and Budget, New 

Executive Office Building, Washington, 

DC 20503; fax: 202–395–5806. 

FOR FURTHER INFORMATION CONTACT: 

Leroy McKinney Jr., Reports 

Management Officer, QDAM, 

Department of Housing and Urban 

Development, 451 Seventh Street, SW., 

Washington, DC 20410; e-mail Leroy 

McKinney Jr. at 

Leroy.McKinneyJr@hud.gov or telephone 

(202) 402–5564. This is not a toll-free 

number. Copies of available documents 

submitted to OMB may be obtained 

from Mr. McKinney. 

SUPPLEMENTARY INFORMATION: This 

notice informs the public that the 

Department of Housing and Urban 

Development has submitted to OMB a 

request for approval of the Information 

collection described below. This notice 

is soliciting comments from members of 

the public and affecting agencies 

concerning the proposed collection of 

information to: (1) Evaluate 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) Evaluate the 

accuracy of the agency’s estimate of the 

burden of the proposed collection of 

information; (3) Enhance the quality, 

utility, and clarity of the information to 

be collected; and (4) 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. 

This Notice Also Lists the Following 

Information 

Title of Proposal: Cooperative Share 

Loan Insurance. 

OMB Approval Number: 2502–NEW. 

Form Numbers: HUD–92270, HUD– 

92271, HUD–92270–G. 

Description of the Need for the 

Information and Its Proposed Use: 

New guidance for cooperative housing 

loan insurance will be published to 

update existing policies, and better 

enable mortgagees to submit cooperative 

share loans for FHA insurance. This 

new publication will provide 

instructions to lenders to ensure 

compliance with project requirements, 

origination, servicing, and claims. The 

guidance includes matters concerning 

forward and reverse (HECM) mortgages, 

as well as compatible insurance 

programs. Mortgagees must collect 

documents and information about the 

cooperative corporation and housing 

project, which are needed to evaluate 

the share loans’ eligibility, and ensure 

compliance with security and project, 

requirements. Additionally, the new 

instructions require a Cooperative 

Project Questionnaire, which will be 

used by lenders and FHA to document 

critical information relevant to the 

structure of the cooperative corporation 

and its eligibility for FHA insurance. 

Also required is a form Mortgagee 

Certification of Cooperative Eligibility, 

which is to be signed by the Mortgagee/ 

Lender. 

Frequency of Submission: On 

occasion. 

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