[Federal Register Volume 62, Number 225 (Friday, November 21, 1997)]
[Notices]
[Pages 62332-62333]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30593]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4263-N-56]
Submission for OMB Review: Comment Request
AGENCY: Office of Administration, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The proposed information collection requirement described
below has been 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: December 22, 1997.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments must be received within thirty (30) days from
the date of this Notice. Comments should refer to the proposal by name
and/or OMB approval number and should be sent to: Joseph F. Lackey,
Jr., OMB Desk Officer, Office of Management and Budget, Room 10235, New
Executive Office Building, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Kay F. Weaver, Reports Management
Officer, Department of Housing and Urban Development, 451 7th Street,
Southwest, Washington, DC 20410, telephone (202) 708-2374. This is not
a toll-free number. Copies of the proposed forms and other available
documents submitted to OMB may be obtained from Ms. Weaver.
SUPPLEMENTARY INFORMATION: The Department has submitted the proposal
for the collection of information, as described below, to OMB for
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter
35).
The Notice lists the following information: (1) the title of the
[[Page 62333]]
information collection proposal; (2) the office of the agency to
collect the information; (3) the OMB approval number, if applicable;
(4) the description of the need for the information and its proposed
use; (5) the agency form number, if applicable; (6) what members of the
public will be affected by the proposal; (7) how frequently information
submissions will be required; (8) an estimate of the total number of
hours needed to prepare the information submission including number of
respondents, frequency of response, and hours of response; (9) whether
the proposal is new, an extension, reinstatement, or revision of an
information collection requirement; and (10) the name and telephone
number of an agency official familiar with the proposal and of the OMB
Desk Officer for the Department.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. 35, as amended.
Dated: November 13, 1997.
David S. Cristy,
Director, Information Resources, Management Policy and Management
Division.
Notice of Submission of Proposed Information Collection to OMB
Title of Proposal: Insurance for Home Equity Conversion Mortgages--
Residential Loan Application for Reverse Mortgages.
Office: Housing.
OMB Approval Number: None.
Description of the Need for the Information and its Proposed use:
The Housing and Community Development Act of 1987 established a Federal
Mortgage Insurance Program, Section 255 of the National Housing Act, to
insure Home Equity Conversion Mortgages (HECMs). In order to obtain a
HECM loan, the borrower is required to complete a loan application and
the HUD/VA Addendum to the Uniform Residential Loan Application. The
Uniform Residential Loan Application (URLA) is completed by the
borrower as part of the application loan process. The data collected is
necessary to determine if the borrower will qualify for the HECM loan.
The relevant ``qualification'' issues are the ages of the borrowers,
the ownership status of the property, and any outstanding liens on the
property.
Form Number: HUD-92900-A/B and URLA.
Respondents: Individuals or Households, Business or Other For-
Profit and the Federal Government.
Frequency of Submission: On Occasion, Annually, and Recordkeeping.
Reporting Burden:
----------------------------------------------------------------------------------------------------------------
Number of Frequency of Hours per
respondents x response x response = Burden hours
----------------------------------------------------------------------------------------------------------------
Residential Loan Application.. 5,000 1 1 5,000
----------------------------------------------------------------------------------------------------------------
Total Estimated Burden Hours: 5,000.
Status: New.
Contact: Diane Labasso, HUD, (202) 708-2600 x2191; Joseph F.
Lackey, Jr., OMB, (202) 395-7316.
[FR Doc. 97-30593 Filed 11-20-97; 8:45 am]
BILLING CODE 4210-01-M
