28988 Federal Register / Vol. 72, No. 99 / Wednesday, May 23, 2007 / Notices 

Dated: May 18, 2007. 

Lillian L. Deitzer, 

Departmental Paperwork Reduction Act 

Officer, Office of the Chief Information 

Officer. 

[FR Doc. E7–9958 Filed 5–22–07; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5117–N–41] 

Notice of Submission of Proposed 

Information Collection to OMB; 

Disclosure of Adjustable Rate 

Mortgages (ARMs) Rates 

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. 

Lenders must provide mortgagors 

with adjustable rate mortgages an 

annual ARM Disclosure Notice at least 

25 days before any adjustment to a 

mortgagor’s monthly payment may 

occur, and the mortgagee must inform 

the borrower of the changed interest 

rate, monthly mortgage amount, the 

current index interest rate value, and 

how the payment adjustment was 

calculated. HUD reviews lenders loan 

files to ensure lenders are in 

compliance. 

DATES: Comments Due Date: June 22, 

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 (2502–0322) 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:// 

www5.hud.gov:63001/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: Disclosure of 

Adjustable Rate Mortgages (ARMs) 

Rates. 

OMB Approval Number: 2502–0322. 

Form Numbers: None. 

Description of the Need for the 

Information and Its Proposed Use: 

Lenders must provide mortgagors with 

adjustable rate mortgages an annual 

ARM Disclosure Notice at least 25 days 

before any adjustment to a mortgagor’s 

monthly payment may occur, and the 

mortgagee must inform the borrower of 

the changed interest rate, monthly 

mortgage amount, the current index 

interest rate value, and how the 

payment adjustment was calculated. 

HUD reviews lenders loan files to 

ensure lenders are in compliance. 

Frequency of Submission: Annually. 

Number of 

respondents 

Annual 

responses x Hours per response = Burden hours 

Reporting Burden .............................................................................. 20,000 11 0.05 11,000 

Total Estimated Burden Hours: 

11,000. 

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: May 18, 2007. 

Lillian L. Deitzer, 

Departmental Paperwork Reduction Act 

Officer, Office of the Chief Information 

Officer. 

[FR Doc. E7–9959 Filed 5–22–07; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5117–N–40] 

Notice of Submission of Proposed 

Information Collection to OMB; 

Certificate of Need for Health Facilitiy 

and Assurance of Enforcement of 

State Standards 

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. 

FHA appraisers, mortgagors, and 

nonprofit entities use form HUD–2576–

HF to evaluate the property as security 

for a long-term insured mortgage. The 

Certificate of Need is used to obtain 

approval from HUD for insured loans for 

nursing homes and intermediate care 

facilities. 

DATES: Comments Due Date: June 22, 

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 (2502–0210) 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 


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