60-Day Notice of Proposed Information Collection: Application for FHA Insured Mortgages
Agency: "Office of the Assistant Secretary for Housing--
SUMMARY: HUD is seeking approval from the
DATES: Comments Due Date:
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:
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A.
A. Overview of Information Collection
Title of Information Collection: Application for FHA Insured Mortgages.
OMB Approval Number: 2502-0059.
Type of Request: Extension of currently approved collection.
Form Number: HUD-92900-A, HUD-92900-B, HUD-92900-LT, HUD-92561, Model Notice for Informed Consumer Choice Disclosure, Model Pre-Insurance Review/Checklist, and Settlement Certification (previously known as Addendum to HUD-1).
Description of the need for the information and proposed use: Specific forms related documents are needed to determine the eligibility of the borrower and proposed mortgage transaction for FHA's insurance endorsement. Lenders seeking FHA's insurance prepare certain forms to collect data.
Respondents (i.e. affected public): Individuals (loan applicants) and Business or other for-profit (lenders).
Estimated Number of Respondents: 15,871.
Estimated Number of Responses: 5,830,999.
Frequency of Response: One for each FHA-insured mortgage.
Average Hours per Response: 44 minutes (varies per form and type of loan).
Total Estimated Burdens: 689,995.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following:
(1) 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) The accuracy of the agency's estimate of the burden of the proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the information to be collected; and
(4) Ways to 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.
HUD encourages interested parties to submit comment in response to these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44
Dated:
Special Assistant to the Assistant Secretary for Housing--Federal Housing Commissioner.
Notice.
Citation: "83 FR 42312"
Document Number: "Docket No. FR-7005-N-16"
Federal Register Page Number: "42312"
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