70 FR 97 pgs. 29341-29342 - Notice of Proposed Information Collection: Comment Request; Lender Insurance Certification
Type: NOTICEVolume: 70Number: 97Pages: 29341 - 29342
Docket number: [Docket No. FR-4975-N-15]
FR document: [FR Doc. 05-10039 Filed 5-19-05; 8:45 am]
Agency: Housing and Urban Development Department
Official PDF Version: PDF Version
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4975-N-15]
Notice of Proposed Information Collection: Comment Request; Lender Insurance Certification
AGENCY:
Office of the Assistant Secretary for Housing-Federal Housing Commissioner, 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: July 17, 2005.
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: 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 Wayne_@hud.gov.
FOR FURTHER INFORMATION CONTACT:
Vance Morris, 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.
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) Evaluation 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: Lender Insurance Certification.
OMB Control Number, if applicable: New collection.
Description of the need for the information and proposed use: HUD's Lender Insurance (LI) program allows eligible Direct Endorsement mortgagees to submit loan-level data to HUD and receive the benefit of immediate mortgage insurance endorsement without the necessity of HUD reviewing the individual case binder prior to insuring the loan. While existing statute and regulations describe lender eligibility, FHA believes it prudent to require participating lenders to self-certify electronically that each is eligible under the LI program, and that they will abide by all regulations, handbooks, mortgagees letters, and other appropriate notifications regarding the LI program.
Agency form numbers, if applicable: Yes.
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 24. The number of respondents is 300, the frequency of response is quarterly, and the burden hour per response is 1 minute.
Status of the proposed information collection: This is a new collection.
Authority:
The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: May 12, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing Commissioner.
[FR Doc. 05-10039 Filed 5-19-05; 8:45 am]
BILLING CODE 4210-27-M