PL-93-181 AUTHORIZES THE SECRETARY TO
ALLOW MORTGAGEES TO SUBMIT CLAIM FOR INSURANCE BENEFITS WITHOUT
CONVEYING TITLE TO THE SECRETARY. EXISTING REGULATIONS REQUIRE
MORTGAGEES TO CONVEY TITLE PRIOR TO RECEIVING BENEFITS. PROPOSED
RULE ALLOWS MORTGAGEES AN OPTION OF CONVEYING TITLE IF MORTGAGEES
ARE SUCCESSFUL BIDDERS AT FORECLOSURE SALE.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.