73 FR 229 pg. 72073 - Notice of Proposed Information Collection: Comment Request; Deed in Lieu of Foreclosure (Corporate Mortgagors or Mortgagors Owning More Than One Property)
Type: NOTICEVolume: 73Number: 229Page: 72073
Docket number: [Docket No. FR-5191-N-43]
FR document: [FR Doc. E8-28071 Filed 11-25-08; 8:45 am]
Agency: Housing and Urban Development Department
Official PDF Version: PDF Version
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5191-N-43]
Notice of Proposed Information Collection: Comment Request; Deed in Lieu of Foreclosure (Corporate Mortgagors or Mortgagors Owning More Than One Property)
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 26, 2009.
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.
FOR FURTHER INFORMATION CONTACT:
Vance T. Morris, Director, Office of Single Family Asset Management, 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.
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: Deed-in-Lieu of Foreclosure (Corporate Mortgagors or Mortgagors Owning More than One Property.)
OMB Control Number, if applicable: 2502-0301.
Description of the need for the information and proposed use: If HUD did not collect this information, the consequence could possibly result in the Department paying claims, which may not be in the best interest of the Secretary. In addition, not requiring the information may encourage mortgagors to use deed-in-lieu methods as a means of disposing of troublesome mortgages/cases.
Agency form numbers, if applicable: None.
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 10. The number of respondents is 223, the number of responses is 20, the frequency of response is once, and the burden hour per response is .50.
Status of the proposed information collection: This is an extension of a currently approved collection.
Authority:
The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: November 18, 2008.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing-Deputy Federal Housing Commissioner.
[FR Doc. E8-28071 Filed 11-25-08; 8:45 am]
BILLING CODE 4210-67-P