[Federal Register Volume 62, Number 210 (Thursday, October 30, 1997)]
[Notices]
[Page 58738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28740]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4263-N-48]


Notice of Proposed Information Collection for Public Comment

AGENCY: Office of the Assistant Secretary for Housing, 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: December 29, 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:
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: 203(k) Rehabilitation Mortgage Insurance
    OMB Control Number: 2502-
    Descripton of the need for the information and proposed use: The 
request for OMB review involves an expanded information collection 
requirement for lenders that originate and service Section 203(k) 
mortgages. The purpose of the collection requirement is to help 
mitigate program abuses cited in a recent Audit Report of HUD's Office 
of Inspector General. The expanded information collection focuses on 
the loan origination process and requires increased documentation and 
strengthened internal control procedures.
    Agency forms, if applicable: HUD-92700.
    Members of affected public: Lending institutions with FHA approval 
to originate or service mortgages financed with 203(k) Rehabilitation 
Insurance.
    Status of the proposed information collection: Not applicable.
    Estimate of public burden: In aggregate the reporting burden is 
estimated at 161,850 hours annually which reflects historical loan 
volumes for the 203(k) loan portfolio.

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

    Dated: October 24, 1997.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 97-28740 Filed 10-29-97; 8:45 am]
BILLING CODE 4210-27-M