Justia Regulation Tracker

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[Federal Register: November 14, 2008 (Volume 73, Number 221)]
[Notices]               
[Page 67538-67539]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14no08-111]                         

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5191-N-37]

 
Notice of Proposed Information Collection: Comment Request; 
Single Family Premium Collection Subsystem--Periodic (SFPCS-P)

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

[[Page 67539]]

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: January 13, 2009.

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: Lillian Deitzer, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
Lillian_L._Deitzer@HUD.gov or telephone (202)402-8048.

FOR FURTHER INFORMATION CONTACT: Sonja Y. Sharpe, Branch Chief, Single 
Family Insurance Operations Branch, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
402-3391 (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: Single Family Premium Collection Subsystem--
Periodic (SFPCS-P).
    OMB Control Number, if applicable: 2502-0536.
    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 Mortgage Insurance Premiums 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 data integrity for 
the Single Family Mortgage Insurance Program. Therefore, the FHA 
approved lenders use 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.
    Agency form numbers, if applicable: None.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The public reporting burden for this 
collection of information is estimated as the number of hours needed to 
prepare the information collection is 2,160 annually, the estimated 
number of respondents is 1,200 annually, the frequency of response is 
monthly generating 14,400 responses annually, and the estimated time 
per response is approximately 15 minutes. Since remittances are made 
through the ACH applications the periodic remittance is submitted 
electronically and there is no paperwork to complete and mail in.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: November 4, 2008.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing--Deputy Federal 
Housing Commissioner.
 [FR Doc. E8-27127 Filed 11-13-08; 8:45 am]

BILLING CODE 4210-67-P

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