[Federal Register Volume 64, Number 212 (Wednesday, November 3, 1999)]
[Notices]
[Page 59786]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28691]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4445-N-25]
Notice of Proposed Information Collection: Comment Request,
Advance of Escrow Funds
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 3, 2000.
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 Building, Room 8202, Washington, D.C. 20410.
FOR FURTHER INFORMATION CONTACT: Willie Spearmon, Department of Housing
and Urban Development, 451 7th Street, SW, Washington, DC 20410,
telephone (202) 708-3000 (this is not a toll free number) for copies of
the 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: Advance of Escrow Funds.
OMB Control Number, if applicable: 2502-0018.
Description of the need for the information and proposed use: 24
CFR, Section 200.50--Requirements Incident to Insured Advances--
Building Loan Agreement--states that the mortgagor and mortgagee must
execute a building loan agreement approved by the Commissioner, that
sets forth the terms and conditions under which progress payments may
be advanced during construction, before initial endorsement of the
mortgage for insurance.
Agency form numbers, if applicable: HUD-92464.
Form HUD-92464, is the form utilized to control the disposition to
escrow funds for offside facilities, construction changes, and unpaid
construction costs and repairs pending completion or not paid at final
endorsement. The face of the form contains two parts. The top part is
used by the depository to request approval of advance of such funds.
The bottom part is used by HUD to authorized approval.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The estimated number of respondents is
525, the frequency of responses is 1, the estimated time to complete
form HUD-92464 is 2 hours, and the estimated annual burden hours
requested is 1,050.
Status of the proposed information collection: Reinstatement with
change.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,
Chapter 35, is amended.
Dated: October 25, 1999.
William C. Apgar,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 99-28691 Filed 11-2-99; 8:45 am]
BILLING CODE 4210-27-M
