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Notice

Notice of Submission of Proposed Information Collection to OMB Mortgage's Certificate of Fees and Escrow and Surety Bond Against Defects Due to Defective Material and/or Faulty Workmanship

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.

The information collection is used by Mortgagees to ensure that fees are within acceptable limits and the required escrows will be collected. HUD determines the reasonableness of the fees and uses the information in calculating the financial requirement for closing.

 

Table of Contents Back to Top

DATES: Back to Top

Comments Due Date: August 29, 2012.

ADDRESSES: Back to Top

Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502-0468) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Back to Top

Colette Pollard., Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@hud.gov. or telephone (202) 402-3400. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: Back to Top

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 Back to Top

Title of Proposal: Mortgagee's Certificate of Fees and Escrow and Surety Bond Against Defects Due to Defective Material and/or Faulty Workman.

OMB Approval Number: 2502-0468.

Form Numbers: HUD 2434, HUD 3259.

Description of the Need for the Information and Its Proposed Back to Top

The information collection is used by Mortgagees to ensure that fees are within acceptable limits and the required escrows will be collected. HUD determines the reasonableness of the fees and uses the information in calculating the financial requirement for closing.

Number of respondents Annual responses × Hours per response = Burden hours
Reporting Burden 1,000 2 0.525 1,050

Total Estimated Burden Hours: 1,050.

Status: Revision of a currently approved collection.

Authority: Back to Top

Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended

Dated: July 25, 2012.

Colette Pollard,

Department Reports Management Officer. Office of the Chief Information Officer.

[FR Doc. 2012-18544 Filed 7-27-12; 8:45 am]

BILLING CODE 4210-67-P

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