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Notice of Submission of Proposed Information Collection to OMB; Reporting Requirements for the Auction of Section 221(g)(4) Multifamily Mortgages

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Office of the Chief Information Officer, HUD.




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.


Comments Due Date: January 4, 2002.


Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval number (2502-0460) 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.

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Wayne Eddins, Reports Management Officer, Q, Department of Housing and Urban Development 451 Seventh Street, Southwest, Washington, DC 20410; e-mail; 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 Mr. Eddins.

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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, and extension, reinstatement, or revision of an information collection requirement; and (10) the name and telephone number of an agency official familiar with the proposal and the OMB Desk Officer for the Department.

This Notice also lists the following information:

Title of Proposal: Reporting Requirements for the Auction of Section 221(g)(4) Multifamily Mortgages.

OMB Approval Number: 2502-0460.

Form Numbers: HUD-93487, HUD-93487-A

Description of the Need for the Information and its Proposed use: HUD collects information from assigning mortgages on form HUD-93487, “Project Summary Data Sheet”, and makes the information available to bidders participating in the auction of Section 221(g)(4) mortgages. Mortgagees the purchase the montages will submit form HUD-93487-A, “Billing for Section 221(g)(4) Monthly Interest Enhancement Payments;”, in order to obtain their monthly interest enhancement payments.

Respondents: Business or other for profit

Frequency of Submission: Other 93487-A—When a mortgagee makes an election to assign a 221(g)(4) mortgage.

Number of respondents×Frequency of response×Hours per response=
Reporting Burden1531.20.6

Total Estimated Burden Hours: 104.

Status: Reinstatement, without change.

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Authority: Sec. 3057 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended.

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Dated: November 28, 2001.

Wayne Eddins,

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

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[FR Doc. 01-30035 Filed 12-4-01; 8:45 am]