[Federal Register Volume 62, Number 22 (Monday, February 3, 1997)]
[Notices]
[Page 5028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2601]



[[Page 5028]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4200-N-18]


Notice of Proposed Information Collection for Public Comment

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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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: April 4, 1997.

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: Oliver Walker, Housing, 
Department of Housing & Urban Development, 451--7th Street, SW, Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Daniel Kahn, Mortgage Underwriting and Insurance Branch (HSIHM), 
Telephone number (202) 708-2121 ext. 2212 (this is not a toll-free 
number) for copies of the proposed form and other available documents.

SUPPLEMENTARY INFORMATION: The Department will submit 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).
    The 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 listing the following information:
    Title of Proposal: Request for Insurance Endorsement under the 
Direct Endorsement Program.
    OMB Control Number: 2502-0365.
    Description of the need for the information and the proposed use: 
The Direct Endorsement Program permits mortgage lenders to underwrite 
applications for mortgage insurance and close mortgage loans without 
prior HUD review. Lenders then submit the closing package to HUD with 
request for insurance endorsement. The request is keyed into HUD's 
computer system to speed the process of issuing a computer-generated 
mortgage insurance certificate.
    Agency form numbers: HUD-54111.
    Members of affected public: Business or other for-profit.
    Public reporting burden for this collection of information is 
estimated to average 0.5 hours per response, including the time for 
reviewing instructions, searching existing data sources, gathering and 
maintaining the data needed, and completing and reviewing the 
collection of information. The burden of completing the form will be 
eliminated. Lenders will be able to key the information online or have 
their computer transmit the information. The number of respondents is 
3,378 and the frequency of response is on occasion, that is a specific 
event, a mortgage closing. Since remittance is made through the 
Automatic Clearinghouse, the upfront remittance is submitted 
electronically and there is no paperwork to complete and mail in.
    Status of the proposed information collection: Reinstatement, with 
change, of a previously approved collection for which approval has 
expired.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: January 24, 1997.
James E. Schoenberger,
Associate General Deputy Assistant Secretary for Housing-Federal 
Housing Commissioner.
[FR Doc. 97-2601 Filed 1-31-97; 8:45 am]
BILLING CODE 4210-27-M