[Federal Register Volume 60, Number 244 (Wednesday, December 20, 1995)]
[Notices]
[Pages 65662-65663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30826]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of General Counsel
[Docket No. FR-3950-N-03]


Notice of Proposed Information Collection for Public Comment

AGENCY: Office of General Counsel, 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: February 20, 1996. Comments must be received 
within sixty (60) days from the date of this Notice.

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: Reports Liaison Officer, Office 
of General Counsel, Department of Housing and Urban Development, 451 
7th Street, SW, Room 10245, Washington, DC 20410.

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 
affected agencies concerning the proposed collection of information in 
order 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, 
particularly through the use of appropriate automated collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.

Discrimination of Information Collection

    Each party seeking designation as a foreclosure commissioner must 
submit the current information in writing (facsimiles are not 
acceptable), as listed below, to HUD's Field Assistant General Counsel 
serving the geographic area (there are ten such areas) in which the 
party proposes to serve as commissioner.
    1. Name.
    2. Business Address.
    3. Geographic area in which the applicant wishes to conduct 
foreclosures. (List only States or areas in States in which the 
applicant is a resident or is duly authorized to transact business.)
    4. If the applicant is not a natural person, the names and business 
addresses of the people who would actually perform the commissioner's 
duties.
    5. Description of the applicant's experience in conducting mortgage 
foreclosures or in related activities 

[[Page 65663]]
which would qualify the applicant to serve as a foreclosure 
commissioner.
    6. Evidence of the applicant's financial responsibility.

    Note: Any party that has been designated as a foreclosure 
commissioner for HUD-held multifamily mortgages may submit a letter 
to the appropriate Field Assistant General Counsel and request 
designation as a single family foreclosure commissioner. This letter 
of interest would be acceptable in lieu of the preceding 
information, unless any information requires updating.

Additional Information

    Title of Proposal: Notice of Application for Designation as Single 
Family Foreclosure Commissioner.
    OMB Control Number, if applicable: Not applicable.
    Description of the need for the information and proposed use: Under 
the Single Family Mortgage Foreclosure Act of 1994 (12 USC 3751 et 
seq.), the ``Act,'' HUD will be able to foreclose on HUD-held single 
family mortgage loans in about two months instead of the much longer 
periods--ranging up to two years--currently required under some State 
laws. The current long periods lead to increased holding costs and 
vandalism on the mortgaged properties. HUD holds thousands of loans 
that are eligible for foreclosure. The requested information is needed 
for HUD's selection of foreclosure commissioners who will satisfy the 
statutory requirements (Section 3754(c) of the Act) to be 
``responsible, financially sound, and competent to conduct a 
foreclosure.''
    Agency form numbers, if applicable: None.
    Members of affected public: Persons and other entities that want to 
apply to serve as foreclosure commissioners for the Department of 
Housing and Urban Development.
    Estimation of the total numbers of hours needed to prepare the 
information collection, including number of respondents, frequency of 
response, and hours of response:
    Respondents: Approximately 250 in the first year and 50 each year 
thereafter.
    Frequency of Submission: Once for each of HUD's ten geographic 
areas of the country. Probably very few respondents will apply to more 
than one HUD geographic area.

------------------------------------------------------------------------
                                                                  Each  
                  Reporting burden                     First   following
                                                        year      year  
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Number of respondents...............................      250        50 
Total burden hours (@ 0.5 hour per response)........      125        25 
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Total estimated burden hours: 175 (first three years)                   

    Status of the proposed information collection: This is a new 
collection.
    Contact persons and telephone numbers (these are not toll-free 
numbers) for copies of available documents: Bruce S. Albright, 
Assistant General Counsel, Single Family Mortgage Division, (202) 708-
0303; Evelyn M. Wrin, Attorney-Advisor, Single Family Mortgage 
Division, (202) 708-3082.

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

    Dated: December 8, 1995.
Nelson A. Diaz,
General Counsel.
[FR Doc. 95-30826 Filed 12-19-95; 8:45 am]
BILLING CODE 4210-01-M