60 day FR

PRA 60-Day Notice Revised 12-19-13 final.docx

Informed Consumer Choice Notice and Application for FHA Insured Mortgage

60 day FR

OMB: 2502-0059

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Billing Code: 4210-67


DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-XXXX-N-XX]

60-Day Notice of Proposed Information Collection:

Application for FHA Insured Mortgages



AGENCY: Office of the Assistant Secretary for Housing- Federal Housing Commissioner, HUD.

ACTION: Notice.

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: [Insert date that is 60 days after the date of publication in the Federal Register.]


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: Kevin Stevens, Deputy Director, HMID, Department of Housing and Urban Development, 451 7th Street, SW, Room 4176, Washington, DC 20410-5000; telephone 202-708-2121 (this is not a toll-free number) or email at [email protected] 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: Kevin Stevens, Deputy Director, HMID, Department of Housing and Urban Development, 451 7th Street, SW, Washington, DC 20410; e-mail Kevin Stevens at [email protected] , or telephone 202-708-2121. 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 Mr. Stevens.

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 Mortgage

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, Addendum to HUD-1, Model Notice for Informed Consumer Choice Disclosure, Model Pre-Insurance Review/Checklist.

Description of the need for the information and proposed use: Specific forms and 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): 1,239,416

Estimated Number of Respondents: 11,604

Estimated Number of Responses: 4,743,185

Frequency of Response: 1 document per loan

Average Hours per Response: 90 minutes

Total Estimated Burdens: 534,931

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.

Date: __________

____________________________________________

Laura M. Marin

Associate General Deputy Assistant Secretary for Housing-Associate Deputy Federal Housing Commissioner

[FR-XXXX-N-XX]

File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleBilling Code 4210-10
AuthorInez C. Downs
File Modified0000-00-00
File Created2021-01-26

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