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Notice

Rehabilitation Mortgage Insurance Underwriting Program Section 203(k); Notice of Proposed Information Collection: Comment Request

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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: February 4, 2011.

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: Reports Liaison Officer, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, Room 9120 or the number for the Federal Information Relay Service (1-800-877-8339).

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FOR FURTHER INFORMATION CONTACT:

Arlene Nunes, Deputy Director, Home Mortgage Insurance Division, 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.

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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: Rehabilitation Mortgage Insurance Underwriting Program Section 203(k).

OMB Control Number, if applicable: 2502-0527.

Description of the need for the information and proposed use: The National Housing Act (12 U.S.C. 1703) authorizes the Secretary of Housing and Urban Development to insure financial institutions against losses as a result of borrower defaults on single-family mortgages. Specifically, under Section 203(k) of the Act, the Secretary is authorized to insure mortgages that fund the rehabilitation of single family homes. The information collection focuses on the loan origination process and issued for underwriting purposes and to document expenditures from repair escrow accounts.

Agency form numbers, if applicable: HUD-92700, HUD 92700-A, HUD-9746-A, HUD 92577.

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 burden hours is 121,891. The number of respondents is 8225, the number of responses is 144,455, the frequency of response is on occasion, and the burden hour per response is an average 1.4 hours.

Status of the proposed information collection: This is an extension of a currently approved collection, OMB Control No. 2502-0527.

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

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Dated: November 30, 2010.

Ronald Y. Spraker,

Associate General Deputy Assistant Secretary for Housing.

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[FR Doc. 2010-30497 Filed 12-3-10; 8:45 am]

BILLING CODE 4210-67-P