Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices 36245 

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: Pre-Foreclosure 

Sales Program. 

OMB Approval Number: 2502–0464. 

Form Numbers: HUD–90035, HUD– 

90041, HUD–90045, HUD–90051, HUD– 

90052. 

Description of the Need for the 

Information and Its Proposed Use: 

The respondents are lenders, 

counselors, and homeowners who are 

attempting to sell properties prior to 

foreclosure. The information collection 

is a record of the process from the 

borrower’s application to participate in 

the program and the lender’s approval, 

to the Department’s review and 

approval of the specifics of the sale. 

Homeowner’s participation in the 

program must also receive housing 

counseling and the confirmation that 

the counseling has been performed must 

be documented. 

Frequency of Submission: On 

occasion, Monthly. 

Number of 

respondents 

Annual 

responses × Hours per response = Burden hours 

Reporting Burden ............................................................................. 30,010 1.36 .... 0.180 .... 7,404 

Total Estimated Burden Hours: 7,404. 

Status: Extension of a currently 

approved collection. 

Authority: Section 3507 of the Paperwork 

Reduction Act of 1995, 44 U.S.C. 35, as 

amended. 

Dated: July 17, 2009. 

Lillian Deitzer, 

Departmental Reports Management Officer, 

Office of the Chief Information Officer. 

[FR Doc. E9–17484 Filed 7–21–09; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5281–N–54] 

Budget-Based Rent Increase 

AGENCY: Office of the Chief Information 

Officer, HUD. 

ACTION: Notice. 

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. 

Owners of certain cooperative and 

subsidized rental projects are required 

to submit a Budget Worksheet when 

requesting rent increases. HUD Field 

Offices review and evaluate the amount 

and reasonableness of the requested 

increase. 

DATES: Comments Due Date: August 21, 

2009. 

ADDRESSES: Interested persons are 

invited to submit comments regarding 

this proposal. Comments should refer to 

the proposal by name and/or OMB 

approval Number (2502–0324) and 

should be sent to: HUD Desk Officer, 

Office of Management and Budget, New 

Executive Office Building, Washington, 

DC 20503; fax: 202–395–5806. 

FOR FURTHER INFORMATION CONTACT: 

Lillian Deitzer, Reports Management 

Officer, QDAM, Department of Housing 

and Urban Development, 451 Seventh 

Street, SW., Washington, DC 20410; email Lillian Deitzer at 

Lillian_L._Deitzer@HUD.gov or 

telephone (202) 402–8048. This is not a 

toll-free number. Copies of available 

documents submitted to OMB may be 

obtained from Ms. Deitzer. 

SUPPLEMENTARY INFORMATION: This 

notice informs the public that the 

Department of Housing and Urban 

Development has submitted to OMB a 

request for approval of the Information 

collection described below. This 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: Budget-Based Rent 

Increase. 

OMB Approval Number: 2502–0324. 

Form Numbers: HUD–92547–A. 

Description of the Need for the 

Information and Its Proposed Use: 

Owners of certain cooperative and 

subsidized rental projects are required 

to submit a Budget Worksheet when 

requesting rent increases. HUD Field 

Offices review and evaluate the amount 

and reasonableness of the requested 

increase. 

Frequency of Submission: On 

occasion. 

Number of 

respondents 

Annual 

responses × Hours per response = Burden hours 

Reporting Burden ............................................................................. 12,218 1 .... 5 .... 61,090 

Total Estimated Burden Hours: 

61,090. 

Status: Extension of a currently 

approved collection. 

Authority: Section 3507 of the Paperwork 

Reduction Act of 1995, 44 U.S.C. 35, as 

amended. 


jlentini on DSKJ8SOYB1PROD with NOTICES
36246 Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices 

Dated: July 16, 2009. 

Lillian Deitzer, 

Departmental Reports Management Officer, 

Office of the Chief Information Officer. 

[FR Doc. E9–17490 Filed 7–21–09; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5276–N–02] 

Mortgage and Loan Insurance 

Programs Under the National Housing 

Act—Debenture Interest Rates 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: This notice announces 

changes in the interest rates to be paid 

on debentures issued with respect to a 

loan or mortgage insured by the Federal 

Housing Administration under the 

provisions of the National Housing Act 

(the Act). The interest rate for 

debentures issued under section 

221(g)(4) of the Act during the 6-month 

period beginning July 1, 2009, is 33⁄8

percent. The interest rate for debentures 

issued under any other provision of the 

Act is the rate in effect on the date that 

the commitment to insure the loan or 

mortgage was issued, or the date that the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. The interest 

rate for debentures issued under these 

other provisions with respect to a loan 

or mortgage committed or endorsed 

during the 6-month period beginning 

July 1, 2009, is 41⁄8 percent. However, as 

a result of an amendment to section 224 

of the Act, if an insurance claim relating 

to a mortgage insured under sections 

203 or 234 of the Act and endorsed for 

insurance after January 23, 2004, is paid 

in cash, the debenture interest rate for 

purposes of calculating a claim shall be 

the monthly average yield, for the 

month in which the default on the 

mortgage occurred, on United States 

Treasury Securities adjusted to a 

constant maturity of 10 years. 

FOR FURTHER INFORMATION CONTACT: 

Yong Sun, Department of Housing and 

Urban Development, 451 Seventh Street, 

SW., Room 5148, Washington, DC 

20410–8000; telephone (202) 402–4778 

(this is not a toll-free number). 

Individuals with speech or hearing 

impairments may access this number 

through TTY by calling the toll-free 

Federal Information Relay Service at 

(800) 877–8339. 

SUPPLEMENTARY INFORMATION: Section 

224 of the National Housing Act (12 

U.S.C. 1715o) provides that debentures 

issued under the Act with respect to an 

insured loan or mortgage (except for 

debentures issued pursuant to section 

221(g)(4) of the Act) will bear interest at 

the rate in effect on the date the 

commitment to insure the loan or 

mortgage was issued, or the date the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. This provision 

is implemented in HUD’s regulations at 

24 CFR 203.405, 203.479, 207.259(e)(6), 

and 220.830. These regulatory 

provisions state that the applicable rates 

of interest will be published twice each 

year as a notice in the Federal Register. 

Section 224 further provides that the 

interest rate on these debentures will be 

set from time to time by the Secretary 

of HUD, with the approval of the 

Secretary of the Treasury, in an amount 

not in excess of the annual interest rate 

determined by the Secretary of the 

Treasury pursuant to a statutory formula 

based on the average yield of all 

outstanding marketable Treasury 

obligations of maturities of 15 or more 

years. 

The Secretary of the Treasury (1) has 

determined, in accordance with the 

provisions of section 224, that the 

statutory maximum interest rate for the 

period beginning July 1, 2009, is 41⁄8

percent; and (2) has approved the 

establishment of the debenture interest 

rate by the Secretary of HUD at 41⁄8

percent for the 6-month period 

beginning July 1, 2009. This interest rate 

will be the rate borne by debentures 

issued with respect to any insured loan 

or mortgage (except for debentures 

issued pursuant to section 221(g)(4)) 

with insurance commitment or 

endorsement date (as applicable) within 

the latter 6 months of 2009. 

For convenience of reference, HUD is 

publishing the following chart of 

debenture interest rates applicable to 

mortgages committed or endorsed since 

January 1, 1980: 

Effective 

interest rate On or after Prior to 

91⁄2 ................. Jan. 1, 1980 July 1, 1980 

97⁄8 ................. July 1, 1980 Jan. 1, 1981 

113⁄4 ............... Jan. 1, 1981 July 1, 1981 

127⁄8 ............... July 1, 1981 Jan. 1, 1982 

123⁄4 ............... Jan. 1, 1982 Jan. 1, 1983 

101⁄4 ............... Jan. 1, 1983 July 1, 1983 

103⁄8 ............... July 1, 1983 Jan. 1, 1984 

111⁄2 ............... Jan. 1, 1984 July 1, 1984 

133⁄8 ............... July 1, 1984 Jan. 1, 1985 

115⁄8 ............... Jan. 1, 1985 July 1, 1985 

111⁄8 ............... July 1, 1985 Jan. 1, 1986 

101⁄4 ............... Jan. 1, 1986 July 1, 1986 

Effective 

interest rate On or after Prior to 

81⁄4 ................. July 1, 1986 Jan. 1. 1987 

8 ..................... Jan. 1, 1987 July 1, 1987 

9 ..................... July 1, 1987 Jan. 1, 1988 

91⁄8 ................. Jan. 1, 1988 July 1, 1988 

93⁄8 ................. July 1, 1988 Jan. 1, 1989 

91⁄4 ................. Jan. 1, 1989 July 1, 1989 

9 ..................... July 1, 1989 Jan. 1, 1990 

81⁄8 ................. Jan. 1, 1990 July 1, 1990 

9 ..................... July 1, 1990 Jan. 1, 1991 

83⁄4 ................. Jan. 1, 1991 July 1, 1991 

81⁄2 ................. July 1, 1991 Jan. 1, 1992 

8 ..................... Jan. 1, 1992 July 1, 1992 

8 ..................... July 1, 1992 Jan. 1, 1993 

73⁄4 ................. Jan. 1, 1993 July 1, 1993 

7 ..................... July 1, 1993 Jan. 1, 1994 

65⁄8 ................. Jan. 1, 1994 July 1, 1994 

73⁄4 ................. July 1, 1994 Jan. 1, 1995 

83⁄8 ................. Jan. 1, 1995 July 1, 1995 

71⁄4 ................. July 1, 1995 Jan. 1, 1996 

61⁄2 ................. Jan. 1, 1996 July 1, 1996 

71⁄4 ................. July 1, 1996 Jan. 1, 1997 

63⁄4 ................. Jan. 1, 1997 July 1, 1997 

71⁄8 ................. July 1, 1997 Jan. 1, 1998 

63⁄8 ................. Jan. 1, 1998 July 1, 1998 

61⁄8 ................. July 1, 1998 Jan. 1, 1999 

51⁄2 ................. Jan. 1, 1999 July 1, 1999 

61⁄8 ................. July 1, 1999 Jan. 1, 2000 

61⁄2 ................. Jan. 1, 2000 July 1, 2000 

61⁄2 ................. July 1, 2000 Jan. 1, 2001 

6 ..................... Jan. 1, 2001 July 1, 2001 

57⁄8 ................. July 1, 2001 Jan. 1, 2002 

51⁄4 ................. Jan. 1, 2002 July 1, 2002 

53⁄4 ................. July 1, 2002 Jan. 1, 2003 

5 ..................... Jan. 1, 2003 July 1, 2003 

41⁄2 ................. July 1, 2003 Jan. 1, 2004 

51⁄8 ................. Jan. 1, 2004 July 1, 2004 

51⁄2 ................. July 1, 2004 Jan. 1, 2005 

47⁄8 ................. Jan. 1, 2005 July 1, 2005 

41⁄2 ................. July 1, 2005 Jan. 1, 2006 

47⁄8 ................. Jan. 1, 2006 July 1, 2006 

53⁄8 ................. July 1, 2006 Jan. 1, 2007 

43⁄4 ................. Jan. 1, 2007 July 1, 2007 

5 ..................... July 1, 2007 Jan. 1, 2008 

41⁄2 ................. Jan. 1, 2008 July 1, 2008 

45⁄8 ................. July 1, 2008 Jan. 1, 2009 

41⁄8 ................. Jan. 1, 2009 July 1, 2009 

41⁄8 ................. July 1, 2009 Jan. 1, 2010 

Section 215 of Division G, Title II of 

Public Law 108–199, enacted January 

23, 2004 (HUD’s 2004 Appropriations 

Act) amended section 224 of the Act, to 

change the debenture interest rate for 

purposes of calculating certain 

insurance claim payments made in cash. 

Therefore, for all claims paid in cash on 

mortgages insured under section 203 or 

234 of the National Housing Act and 

endorsed for insurance after January 23, 

2004, the debenture interest rate will be 

the monthly average yield, for the 

month in which the default on the 

mortgage occurred, on United States 

Treasury Securities adjusted to a 

constant maturity of 10 years, as found 

in Federal Reserve Statistical Release H– 

15. The Federal Housing Administration 

has codified this provision in HUD 

regulations at 24 CFR 203.405(b) and 24 

CFR 203.479(b). 


jlentini on DSKJ8SOYB1PROD with NOTICES