[Federal Register Volume 61, Number 197 (Wednesday, October 9, 1996)]
[Notices]
[Pages 52953-52954]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25828]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4086-N-58]
Office of the Assistant Secretary for Housing-Federal Housing
Commissioner; Notice of Proposed Information Collection for Public
Comment
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
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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: December 9, 1996.
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: Oliver Walker, Housing,
Department of Housing and Urban Development, 451 7th Street, SW, Room
9116, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Ivy Jackson, Telephone number (202) 708-4560 (this is not a toll-free
number) for copies of available documents.
SUPPLEMENTARY INFORMATION: The Department will submit 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).
The Notice is soliciting comments from members of the public and
affecting agencies concerning the proposed collection of information
to: (1) Evaluate 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)
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 through 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:
[[Page 52954]]
Title of Proposal: Initial Escrow Account Statement, Annual Escrow
Account Statement.
OMB Control Number: 2502-0501.
Description of the need for the information and the proposed use:
The Real Estate Settlement Procedures Act (RESPA) at 12 U.S.C. Section
2609(c) requires mortgage lenders to provide the borrower a statement
describing the initial collection of escrow account monies at
settlement and to provide an annual account history and a projection of
account deposits and disbursements for the ensuing 12 months.
Agency form numbers: N/A.
Members of affected public: Individuals and households; Business or
other for-profit.
An estimation of the total numbers of hours needed to prepare the
information collection is 5,308,417, number of respondents is
39,550,000 frequency response is annually and the collection of
information is estimated to average 6 minutes per response.
Status of the proposed information collection: Extension of a
currently approved collection.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.C.S. Chapter 35, as amended.
Dated: October 1, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-25828 Filed 10-8-96; 8:45 am]
BILLING CODE 4210-27-M
