[Federal Register: August 1, 2005 (Volume 70, Number 146)]
[Notices]               
[Page 44109]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01au05-50]                         

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-22]

 
Notice of Proposed Information Collection: Comment Request; 
Mortgagee Request for Extension of Time Requirements

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 Date: September 30, 2005.

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: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW., L'Enfant Plaza Building, Room 8001, Washington, DC 20410 or 
Wayne_Eddins@hud.gov.


FOR FURTHER INFORMATION CONTACT: JeniRuth Nix, Program Analyst, Office 
of Single Family Housing, Department of Housing and Urban Development, 
451 7th Street SW., Washington, DC 20410, telephone (202) 708-1672 
(this is not a toll free number) for copies of the proposed forms and 
other available information.

SUPPLEMENTARY INFORMATION: The Department is submitting 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).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection 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 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: Mortgagee's Request for Extension of Time 
Requirements.
    OMB Control Number, if applicable: 2502-0436.
    Description of the need for the information and proposed use: In 
the event of default, foreclosure, and conveyance requirements of an 
insured mortgage, the mortgagee is entitled to receive insurance 
benefits from the date of default to the date of insurance benefits. In 
the event of preservation and protection (P&P) requirements of the 
fiscal integrity of a conveyed property, the mortgagee is entitled to 
receive insurance benefits for the preservation of the property. HUD 
regulations require that the mortgagee take certain actions within 
specific time limitations. Failure to meet such limitations may result 
in curtailment of interest payments. Information collected here allows 
the Department to evaluate requests for extension of the regulatory 
time limits within which specific foreclosure processing and P&P steps 
must be taken.
    Agency form numbers, if applicable: HUD-50012.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: An estimation of the total numbers of 
hours needed to prepare the information collection is 4,504, number of 
respondents is 146, frequency of response is on occasion, the total 
number of responses is 28,150, and the estimated response time is 10 
minutes.
    Status of the proposed information collection: This is a revision 
of a currently approved collection.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., 
Chapter 35, as amended.

    Dated: July 22, 2005.
Brian D. Montgomery,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. E5-4079 Filed 7-29-05; 8:45 am]

BILLING CODE 4210-27-P