[Federal Register Volume 62, Number 203 (Tuesday, October 21, 1997)]
[Notices]
[Pages 54643-54644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27768]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-44]


Notice of Proposed Information Collection for Public Comment

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

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The proposed information collection requirements 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: December 22, 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 and Urban Development, 451-7th Street, SW, Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Vance Morris, Director, Single Family 
Home Mortgage Insurance Division, telephone number (202) 708-2700 (this 
is not a toll free number) for copies of the proposed forms 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).
    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 lists the following information:
    Title of Proposal: Title I Electronic Data Collection.
    OMB Control Number: 2502-.
    Descrition of the need for the information and proposed use: The 
Department needs additional data from lenders to permit more effective 
risk management of its Title I loan portfolio. The data will be 
collected in an electronic format and therefore enhance the 
Department's ability to monitor individual loan and lender performance.
    Agency forms, if applicable: None.
    Members of affected public: Lending institutions with FHA approval 
to originate or service Title I loans.

[[Page 54644]]

    Status of the proposed information collection: Not applicable.
    Estimate of public burden: The additional reporting burden is 
considered minimal, as the data collected will be electronically 
reported and consists primarily on information Title I lenders 
currently collect during the loan origination process. In aggregate the 
reporting burden is estimated a 1,211 hours annually.

Authority

    Section 236 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
Chapter 35, as amended.

    Dated: October 15, 1997.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 97-27768 Filed 10-20-97; 8:45 am]
BILLING CODE 4210-27-M