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Notice

Notice of Proposed Information Collection: Comment Request; FHA-Cooperative Share Loan Insurance

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Information about this document as published in the Federal Register.

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Start Preamble

AGENCY:

Office of the Assistant Secretary for Housing, HUD.

ACTION:

Notice.

SUMMARY:

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.

DATES:

Comments Due Date: January 5, 2010.

ADDRESSES:

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: Lillian Deitzer, Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; e-mail Lillian_L._Deitzer@HUD.gov or telephone (202)402-8048.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Program Contact, Director, Office of Single Family Program Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 708-2121 (this is not a toll free number) for copies of the proposed forms and other available information.

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

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: Cooperative Share Loan Insurance.

OMB Control Number, if applicable: 2502-XXXX.

Description of the need for the information and proposed use: A new Mortgagee Letter calls for a collection of information and documents related to cooperative projects and the share loan to be insured. The documents and Start Printed Page 57517information to be collected will identify components of the cooperative corporation for analysis, in order to protect the interests of the share-owner occupant, the lender, and FHA's Mutual Mortgage Insurance fund. Further, the guidance in the Mortgagee Letter aligns with current protections, practices, and standards used by cooperative corporations and industry partners.

Agency form numbers, if applicable: HUD-92270, HUD-92271, and HUD-92270-G

Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The number of annual burden hours is 2000. The number of respondents is 12,670, the number of responses is 1,000, the frequency of response is on occasion, and the burden hour per response is 2.

Status of the proposed information collection: This is a new collection.

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

End Authority Start Signature

Dated: October 19, 2009.

Ronald Y. Spraker,

Acting General Deputy Assistant Secretary for Housing—Deputy Federal Housing Commissioner.

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[FR Doc. E9-26770 Filed 11-5-09; 8:45 am]

BILLING CODE 4210-67-P