Office of the Chief Information Officer, HUD.
HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment.
Comments Due Date: June 4, 2014.
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: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.
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FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Pollard.
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This notice informs the public that HUD has submitted to OMB a request for approval of the information collection described in Section A. The Federal Register notice that solicited public Start Printed Page 25611comment on the information collection for a period of 60 days was published on January 15, 2014.
A. Overview of Information Collection
Title of Information Collection: Rehabilitation Mortgage Insurance Underwriting Program Section 203(K).
OMB Approval Number: 2502-0527.
Type of Request: Extension of a currently approved collection.
Form Number: HUD-92700, HUD-92700-A, HUD-9746-A, HUD-92577.
Description of the need for the information and proposed use: This request for OMB review involves an extension request for information collected under OMB approval 2502-0527 for lenders that originate and service Section 203(k) mortgages. The information collection focuses on the loan origination process and is used for underwriting purposes and to document expenditures from repair escrow accounts. Per the existing collection 8,255 respondents are borrowers and lenders, including approximately 20 nonprofits, who annually apply for regular 203(k) loans as well as the Streamlined (K) modification of the 203(k) program.
Respondents (i.e. affected public): Business or other for-profit.
Estimated Number of Respondents: 8,225.
Estimated Number of Responses: 144,455.
Frequency of Response: N/A.
Average Hours per Response: 121,891.
Total Estimated Burdens: 3,900,512.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following:
(1) 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) The accuracy of the agency's estimate of the burden of the proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the information to be collected; and
(4) Ways to 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.
HUD encourages interested parties to submit comment in response to these questions.
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Dated: April 29, 2014.
Department Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. 2014-10223 Filed 5-2-14; 8:45 am]
BILLING CODE 4210-67-P