[Federal Register Volume 72, Number 192 (Thursday, October 4, 2007)]
[Notices]
[Page 56718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-19628]
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Notices
Federal Register
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This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
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Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 /
Notices
[[Page 56718]]
DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
October 1, 2007.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
regarding (a) whether the collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility; (b) the accuracy
of the agency's estimate of burden including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility and clarity of the information to be collected; (d) ways to
minimize the burden of the collection of information on those who are
to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), [email protected] or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these
information collections are best assured of having their full effect if
received within 30 days of this notification. Copies of the
submission(s) may be obtained by calling (202) 720-8681.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Rural Housing Service
Title: Form RD 1940-59, Settlement Statement.
OMB Control Number: 0575-0088.
Summary of Collection: The real Estate Settlement Procedures Act
(RESPA), as amended, requires the disclosure of real estate settlement
costs to real estate buyers and sellers. Disclosure of the nature and
costs of a mortgage transaction enables the borrower to be a more
informed customer and protects the public from unnecessarily high
settlement charges.
Need and Use of the Information: Form RD 1940-49 is completed by
Settlement Agents, Closing Attorneys, and Title Insurance Companies
performing the closing of RHS loans and credit sales use to purchase or
refinance Section 502 Housing, Rural Rental Housing, and Farm Laboring
Housing. The same parties performing the closing of FSA Farm Ownership
loans and credit sales complete the form. The information is collected
to provide the buyer and the seller with a statement detailing the
actual costs of the settlement services involved in certain Agency
financed real estate transactions. Failure to collect the information
and disclose the information would be a violation of the RESPA.
Description of Respondents: Business or for-profit.
Number of Respondents: 11,928.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 7,530.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. E7-19628 Filed 10-3-07; 8:45 am]
BILLING CODE 3410-XT-P