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Office of the Chief Information Officer.
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.
This is a request for renewal of approval of a currently approved collection of information. The Conditional Commitment/Direct Endorsement Statement of Appraised Value, is used by appraisers and/or underwriters upon their review of the appraisal report (URAR) to determine if a property meets FHA guidelines to be eligible for HUD mortgage insurance. Underwriters are required to sign and submit a copy of the completed form to HUD for endorsement as part of the case binder; to provide a copy to the homebuyer; and to maintain a copy for the mortgagee.
Comments Due Date: September 1, 2004.
Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502-0494) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-6974.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Wayne Eddins, Reports Management Officer, AYO, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail Wayne_Eddins@HUD.gov; telephone (202) 708-2374. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Mr. Eddins and at HUD's Web site at http://www5.hud.gov:63001/po/i/icbts/collectionsearch.cfm.End Further Info End Preamble Start Supplemental Information
This notice informs the public that the U.S. Department of Housing and Urban Development (HUD) has submitted to OMB, for emergency processing, a survey instrument to obtain information from faith based and community organizations on their likelihood and success at applying for various funding programs. 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: HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value.
OMB Approval Number: 2502-0518.
Form Numbers: HUD-92800.5B.
Description of the Need for the Information and Its Proposed Use: The Conditional Commitment/Direct Endorsement Statement of Appraised Value, is used by appraisers and/or underwriters upon their review of the appraisal report (URAR) to determine if a property meets FHA guidelines to be eligible for HUD mortgage insurance. Underwriters are required to sign and submit a copy of the completed form to HUD for endorsement as part of the case binder; to provide a copy to the homebuyer; and to maintain a copy for the mortgagee.
The copy provided to the homebuyer explains in detail the purpose of an appraisal, the need for a home inspection and special commitment conditions that may need to be met before FHA can insure the property. The information is also used for test cases to determine a mortgagees eligibility in becoming a FHA approved lender.
Frequency of Submission: On Occasion.
|Number of respondents||Annual responses||×||Hours per response||=||Burden hours|
Total Estimated Burden Hours: 1,200,000.
Status: Extension of a currently approved collection.Start Signature
Dated: July 27, 2004.
Departmental Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. 04-17516 Filed 7-30-04; 8:45 am]
BILLING CODE 4210-72-P