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Notice of Proposed Information Collection: Comment Request; Mortgagee Request for Extension of Time Requirements

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Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD.




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.


Comments Due Date: September 30, 2005.


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: Wayne Eddins, Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW., L'Enfant Plaza Building, Room 8001, Washington, DC 20410 or

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JeniRuth Nix, Program Analyst, Office of Single Family Housing, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 708-1672 (this is not a toll free number) for copies of the proposed forms and other available information.

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The Department is submitting 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).

This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection 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 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: Mortgagee's Request for Extension of Time Requirements.

OMB Control Number, if applicable: 2502-0436.

Description of the need for the information and proposed use: In the event of default, foreclosure, and conveyance requirements of an insured mortgage, the mortgagee is entitled to receive insurance benefits from the date of default to the date of insurance benefits. In the event of preservation and protection (P&P) requirements of the fiscal integrity of a conveyed property, the mortgagee is entitled to receive insurance benefits for the preservation of the property. HUD regulations require that the mortgagee take certain actions within specific time limitations. Failure to meet such limitations may result in curtailment of interest payments. Information collected here allows the Department to evaluate requests for extension of the regulatory time limits within which specific foreclosure processing and P&P steps must be taken.

Agency form numbers, if applicable: HUD-50012.

Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: An estimation of the total numbers of hours needed to prepare the information collection is 4,504, number of respondents is 146, frequency of response is on occasion, the total number of responses is 28,150, and the estimated response time is 10 minutes.

Status of the proposed information collection: This is a revision of a currently approved collection.

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

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Dated: July 22, 2005.-----

Brian D. Montgomery,

Assistant Secretary for Housing-Federal Housing Commissioner.

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[FR Doc. E5-4079 Filed 7-29-05; 8:45 am]