Federal Register / Vol. 72, No. 10 / Wednesday, January 17, 2007 / Notices 2001 

Number of 

respondents 

Annual 

responses × Hours per response = Burden hours 

Reporting burden .............................................................................. 3,200 5.37 2.489 42,848 

Total Estimated Burden Hours: 42,848 

Status: Revision of a currently 

approved collection. 

Authority: Section 3507 of the Paperwork 

Reduction Act of 1995, 44 U.S.C. 35, as 

amended. 

Dated: January 9, 2007. 

Lillian L. Deitzer, 

Departmental Paperwork Reduction Act 

Officer, Office of the Chief Information 

Officer. 

[FR Doc. E7–471 Filed 1–16–07; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5117–N–03] 

Notice of Submission of Proposed 

Information Collection to OMB; Owner 

of Record and Re-Sale Data To 

Preclude Predatory Lending Practices 

(Property Flipping) on FHA Insured 

Mortgages 

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. 

For all loans for purchase money 

mortgages, lenders must obtain and 

submit to HUD documentation that the 

seller is the owner of record and that the 

transaction does not involve any sale or 

assignment of the sales contract. For 

properties resold with one year of 

acquisition by the seller (with limited 

exceptions), or if the sale price exceeds 

HUD’s threshold for an area, additional 

appraisal requirements may apply. HUD 

uses the information to ensure that 

purchasers are not victims of predatory 

sales or lending practices. 

DATES: Comments Due Date: February 

16, 2007. 

ADDRESSES: Interested persons are 

invited to submit comments regarding 

this proposal. Comments should refer to 

the proposal by name and/or OMB 

approval Number (2502–0547) and 

should be sent to: HUD Desk Officer, 

Office of Management and Budget, New 

Executive Office Building, Washington, 

DC 20503; fax: 202–395–6974. 

FOR FURTHER INFORMATION CONTACT: 

Lillian Deitzer, Departmental Reports 

Management Officer, QDAM, 

Department of Housing and Urban 

Development, 451 Seventh Street, SW., 

Washington, DC 20410; e-mail 

Lillian_L._Deitzer@HUD.gov or 

telephone (202) 708–2374. This is not a 

toll-free number. Copies of available 

documents submitted to OMB may be 

obtained from Ms. Deitzer or from 

HUD’s Web site at http:// 

hlannwp031.hud.gov/po/i/icbts/ 

collectionsearch.cfm. 

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: Owner of Record 

and Re-sale Data to Preclude Predatory 

Lending Practices (Property Flipping) 

on FHA Insured Mortgages. 

OMB Approval Number: 2502–0547. 

Form Numbers: None. 

Description of the Need for the 

Information and Its Proposed Use: For 

all loans for purchase money mortgages, 

lenders must obtain and submit to HUD 

documentation that the seller is the 

owner of record and that the transaction 

does not involve any sale or assignment 

of the sales contract. For properties 

resold with one year of acquisition by 

the seller (with limited exceptions), or 

if the sale price exceeds HUD’s 

threshold for an area, additional 

appraisal requirements may apply. HUD 

uses the information to ensure that 

purchasers are not victims of predatory 

sales or lending practices. 

Frequency Of Submission: On 

occasion. 

Number of 

respondents 

Annual 

responses × Hours per response = Burden hours 

Reporting burden .............................................................................. 12,000 42.83 0.036 19,000 

Total Estimated Burden Hours: 

19,000. 

Status: Extension of a currently 

approved collection. 

Authority: Section 3507 of the Paperwork 

Reduction Act of 1995, 44 U.S.C. 35, as 

amended. 

Dated: January 9, 2007. 

Lillian L. Deitzer, 

Departmental Paperwork Reduction Act 

Officer, Office of the Chief Information 

Officer. 

[FR Doc. E7–472 Filed 1–16–07; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5030–FA–15] 

Announcement of Funding Awards; 

Fair Housing Initiatives Program—

Fiscal Year 2006 

AGENCY: Office of the Assistant 

Secretary for Fair Housing and Equal 

Opportunity, HUD. 

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