60-Day Notice of Proposed Information Collection: Single Family Premium Collection Subsystem–Periodic (SFPCS)

SUMMARY: HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: June 26, 2018.

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: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-402-3400 (this is not a toll-free number) or email at Colette.Pollard@hud.gov for a copy of the proposed forms or other available information. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Natalia Yee, Director Single Family Insurance Operations Division, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410; email Natalia Yee at Natalia.Yee@hud.gov; telephone 202-402-3506. This is not a toll-free number. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339. Copies of available documents submitted to OMB may be obtained from Mrs. Yee.

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: Single Family Premium Collection Subsystem--Periodic (SFPCS-P).

OMB Approval Number: 2502-0536.

Type of Request: Extension.

Form Number: None.

Description of the need for the information and proposed use: The Single Family Premium Collection Subsystem--Periodic (SFPCS-P) allows the lenders to remit the Periodic Mortgagee Insurance using funds obtained from the mortgagor during the collection of the monthly mortgage payment. The SFPCS-P strengthens HUD`s ability to manage and process periodic single-family mortgage insurance premium collections and corrections to submitted data. It also improves date integrity for the Single Family Mortgage Insurance Program. Therefore, the FHA approved lenders use the automated Clearing House (ACH) application for all transmissions with SFPCS-P. The authority for this collection of information is specified in 24 CFR 203.264 and 24 CFR 203.269. In general, the lenders use the ACH application to remit the periodic premium payments through SFPCS-P for the required FHA insured cases and to comply with the Credit Reform Act.

Respondents (i.e. affected public): Business or other for-profit.

Estimated Number of Respondents: 641.

Estimated Number of Responses: 7,692.

Frequency of Response: 12.

Average Hours per Response:.15.

Total Estimated Burdens: 2,765.

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 U.S.C. Chapter 35.

Dated: April 10, 2018.

Dana Wade,

General Deputy Assistant Secretary for Housing.

Notice.

Citation: "83 FR 18587"

Document Number: "Docket No. FR-7005-N-07"

Federal Register Page Number: "18587"

"Notices"