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 Department of Housing and Urban Development [Docket No. FR-5285-N-30]
 AGENCY: Office of the Chief Information Officer, HUD.
 ACTION: Notice of proposed information collection.
 SUMMARY: The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for emergency review and approval, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.
 DATES: *Comments Due Date:*
                         October 15, 2009.
 ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments must be received within seven (14) days from the date of this Notice. Comments should refer to the proposal by name/or OMB approval number) and should be sent to: Ross A. Rutledge, HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; e-mail: 
                        *Ross_A._Rutledge@omb.eop.gov*; fax: 202-395-6974.
 FOR FURTHER INFORMATION CONTACT: Lillian L. Deitzer, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail 
                        *Lillian_L_Deitzer@HUD.gov;*
                         telephone (202) 708-2374. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Deitzer.


SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. Department of Housing and Urban Development (HUD) has submitted to OMB, for emergency processing, an information collection package with respect to implement statutory changes related to FHA approved lenders contained in Section 203 of the “Helping Families Save Their Homes Act of 2009” (Pub. L. 111-22) (the HFSH Act). The HFSH Act establishes: (1) Additional ineligibility criteria for FHA-approved lenders and mortgagees including any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the applicant seeking FHA lender approval or any currently approved FHA lender; (2) new reporting requirements if individual employees of the lender are subject to any sanction or any other administrative action, including if there is a revocation of a State-issued mortgage loan originator license issued pursuant to the S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their business name as registered with FHA in all of their marketing materials. 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:*
                     FHA Lender Approval, Annual Renewal, Periodic Updates and Required Reports from FHA Approved Lenders. *OMB Control Number, if applicable:*
                     2502-0005. *Description of the need for the information and proposed use:*
                     This information is required for: (1) FHA lender approval, (2) Annual renewal of each FHA lender's approval, (3) Updates to a FHA lender's approval and (4) Various reports from FHA lenders. Agency Form Numbers, if Applicable
HUD-92001-A
FHA Lender Approval Application FormHUD-92001-B
FHA Branch Registration FormHUD-92001-C
Conversion of Existing FHA Lender Approval Type Application FormHUD 92001-D Previously HUD-92001-C
Title I Loan Noncompliances ReportHUD-92001-E
Application Fee Cover Sheet for Title I ApprovalsHUD-92001-F
Application Fee Cover Sheet for Title II ApprovalsHUD-92001-LC
FHA Loan Correspondent Application Approval Form
 
 
 Estimation of the Total Numbers of Hours Needed To Prepare the Information Collection Including Number of Respondents, Frequency of Response, and Hours of Response
[Information collection burden for 2502-0005]
Item No.
Information collection
Number of
                             respondents
Total annual responses
Hours per
                             response
Total annual hours
Cost per hour
Total annual costA
Non-online submission of HUD-92001-A Application for FHA Lender Approval
400
400
2.00
800
$47
$37,600B
Online submission of HUD-92001-A Application for FHA Lender Approval (Currently under development)


.50

47C
Non-online submission of HUD-92001-LC Application for FHA Loan Correspondent Approval
1,800
1,800
2.00
3,600
47
169,200D
Non-online submission of HUD-92001-C Application for Conversion of Existing FHA Lender Approval Type
200
200
2.00
400
47
18,800E
Non-online Submission of HUD-92100-B Application for Registration of New Branch (including attachments)

500
.50
250
47
11,750F
Online Registration of New Branches via FHA Connection

2,000
.10
200
47
9,400G
Non-online Submission of HUD-92001-D Reporting of Title I Loan Non-Compliance

100
1.00
100
47
4,700H
Online Submission of Reporting of Title II Loan Non-Compliance

4,800
.15
720
47
38,840I
Non-online submission of HUD-92001-E and 92001-F Cover Sheets for Title I and Title II Lender Approval Applications or Conversion Fee Payment

2,400
.05
120
47
5,640J
Online Application Fee Payment for Title I or Title II Lender Approval or Conversion (currently under development)


.05K
Non-online submission of HUD 92001-E and 92001-F Cover Sheets for Title I and Title II Branch Fee Payment

500
.05
25
47
1,175L
Online Branch Registration Fee for Title I or Title II Branches

2,000
.05
100
47
4,700M
Online Annual Certification Report for all Title I and Title II approved lenders and loan correspondents
14,000
14,000
.10
1,400
47
65,800N
Online Submission of Annual Audited Financial Statements using the Lender Assessment SubSystem via FHA Connection by Title I and Title II Nonsupervised Lenders, Supervised Lenders and Nonsupervised Loan Correspondents

11,000
3.00
33,000
47
1,510,000O
Online payment of annual renewal fee by all FHA Lenders except Government Lenders

13,800
.05
690
47
32,430P
Online Termination of Existing Branch by all lenders

4,000
.05
200
47
9,400Q
Online Business Changes of a Lender

5,000
.25
1250
47
58,750R
Non-Online Business Changes of a Lender

4,000
.50
2,000
47
94,000S
Non-online Credit Watch Termination Reinstatement Requests

20
8.00
160
47
7,520Totals


66,520

45,015
47
2,115,705
 ( print page 50815)
                    Authority:
                    The Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended. Dated: September 24, 2009. Lillian L. Deitzer, Departmental Reports Management Officer, Office of the Chief Information Officer.


[FR Doc. E9-23710 Filed 9-30-09; 8:45 am] BILLING CODE 4210-67-P