[Federal Register Volume 62, Number 22 (Monday, February 3, 1997)]
[Notices]
[Pages 5028-5029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2596]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-3255-N-09]


Submission for OMB Review: Comment Request

AGENCY: Office of Administration, HUD.

ACTION: Notice.

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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.

DATES: Comments due date: March 5, 1997.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this Notice. Comments should refer to the proposal by name 
and/or OMB approval number and should be sent to: Joseph F. Lackey, 
Jr., OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:
Kay F. Weaver, Reports Management Officer, Department of Housing and 
Urban Development, 451 7th Street, Southwest, Washington, DC 20410, 
telephone (202) 708-0050. This is not a toll-free number. Copies of the 
proposed forms and other available documents submitted to OMB may be 
obtained from Ms. Weaver.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35).
    The Notice lists the following information: (1) The title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the names and telephone 
numbers of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: January 23, 1997.
David S. Cristy,
Acting Director, Information Resources, Management Policy and 
Management Division.

Notice of Submission of Proposed Information Collection to OMB

    Title of Proposal: Initial/Annual Escrow Account Settlement (FR-
3255).
    Office: Housing.
    OMB Approval Number: 2502-0501.
    Description of the Need for the Information and Its Proposed Use: 
The

[[Page 5029]]

Real Estate Settlement Procedures Act requires mortgage originators to 
submit an initial escrow account statement describing payments and 
disbursements to the account. Mortgage services are required to submit 
annual escrow account statements describing the previous year's 
activity and certifying that the account was operated legally.
    Form Number: None.
    Respondents: Individuals or Households and Business or Other For-
Profit.
    Frequency of Submission: Recordkeeping, Third Party Disclosure, and 
Annually.

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                                         Number of         Frequency of          Hours per                      
          Reporting burden              respondents    x     response      x     response      =   Burden hours 
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Information Collection..............           2,000              19,775               .1176           4,649,250
Recordkeeping.......................           2,000                   1            329.6                659,167
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    Total Estimated Burden Hours: 5,308,417.
    Status: Extension, without changes.
    Contact: Ivy M. Jackson, HUD, (202) 708-4560; Joseph F. Lackey, 
Jr., OMB, (202) 395-7316.

[FR Doc. 97-2596 Filed 1-31-97; 8:45 am]
BILLING CODE 4210-01-M