[Federal Register Volume 61, Number 233 (Tuesday, December 3, 1996)]
[Notices]
[Pages 64141-64142]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30766]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4086-N-80]
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: February 3, 1997.
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 & Urban Development, 451-7th Street, SW., Room
9116, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Ivy Jackson, Telephone number (202) 708-4560 ext. 2333 (this is not a
toll-free number) for copies of the proposed forms and other available
documents.
[[Page 64142]]
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:
Title of Proposal: Good Faith Estimate, Special Information
Booklet.
OMB Control Number: 2502-0265.
Description of the need for the information and the proposed use:
Consumers who apply for a federally related mortgage to purchase a home
are required to receive from the mortgage originator a Good Faith
Estimate and a Special Information Booklet. These borrowers are
entitled to a HUD-1 statement reflecting actual costs at settlement.
Agency form numbers: HUD-1.
Members of affected public: Mortgage originators are required to
provide consumer who seek a purchase money mortgage the Good Faith
Estimate and the Special Information Booklet. Attorneys or other
settlement agents are required to provide the HUD-1 statement of
settlement costs.
An estimation of the total numbers of hours needed to prepare the
information collection is 875,500 number of respondents is 3,470,000
frequency response is on occasion, and the hours of response is 0.25 of
an hour.
Status of the proposed information collection: Extension of a
currently approval collection.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: November 13, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-30766 Filed 12-2-96; 8:45 am]
BILLING CODE 4210-27-M
