[Federal Register Volume 62, Number 214 (Wednesday, November 5, 1997)]
[Notices]
[Pages 59875-59876]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29266]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-52]


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: Comment due date: December 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) 708-2374. 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: October 29, 1997.
David S. Cristy,
Director, Information Resources Management Policy and Management 
Division.

Notice of Submission of Proposed Information Collection to OMB

    Title of Proposal: Insurance of Adjustable Rate Mortgages.
    Office: Housing.
    OMB Approval Number: 2502-0322.
    Description of the Need For the Information and Its Proposed Use: 
This information is part of a disclosure statement lenders must furnish 
to borrowers stating that the interest rate on the mortgage may change, 
identifying the index used and the frequency of adjustments, and 
providing a hypothetical payment schedule showing increases over the 
first five years.
    Form Number: None.
    Respondents: Business or other for-profit.
    Frequency of Submission: On occasion and third party disclosure.
    Reporting Burden:

[[Page 59876]]



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                                           Number of            Frequency of          Hours per         Burden  
                                          respondents     x       response      x     response     =     hours  
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Disclosure Statement..................          20,000                     1                .07           1,400 
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    Total Estimated Burden Hours: 1,400.
    Status: Reinstatement, without changes.
    Contact: Diane Lobasso, HUD, (202) 708-2700 x2191; Joseph F. 
Lackey, Jr., OMB, (202) 395-7316.

    Dated: October 29, 1997.

[FR Doc. 97-29266 Filed 11-4-97; 8:45 am]
BILLING CODE 4210-01-M