Notice of Proposed Information Collection: Comment Request; Owner of Record and Re-Sale Data to Preclude Predatory Lending Practices (Property Flipping) on FHA Insured Mortgages, 57002 [E6-15884]
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Federal Register / Vol. 71, No. 188 / Thursday, September 28, 2006 / Notices
information technology, e.g., permitting
electronic submission of responses.
This Notice also lists the following
information:
Title of Proposal: Multifamily
Housing Service Coordinator Program.
OMB Control Number, if applicable:
2502–0447.
Description of the need for the
information and proposed use: HUD
evaluates the grant applications (SF–424
and related documents) for the need and
proposed use of grant funds and owners’
ability to administer awarded funds of
the Multifamily Housing Service
Coordinator Program. HUD staff will use
requests for extensions to evaluate
anticipated program costs and the
continued need for the program. The
semi-annual Performance Reports will
be used to determine how well grant
funds met stated program goals.
Grantees will also be able to retain data
on the effectiveness of the program and
how well the public was served. The
Payment Voucher is used to monitor
grant funds for eligible costs over the
term of the grant, and the granted may
similarly use this voucher to track and
record their requests for payment
reimbursement for grant-funded
expenses.
Agency form numbers, if applicable:
HUD–92456, HUD–50080–SCMF, HUD–
91186, SF–269–A, SF–424, SF–424–
Supp, HUD–2880, SF–LLLH, HUD–
96010, and HUD–91186–A.
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 number of
respondents is 3,200, the frequency of
responses is quarterly, semi-annually,
and annually, for a total of 17,210 total
annual responses. The estimated time to
prepare collection varies from 15
minutes to 40 hours, for a total of 40,800
annual burden hours.
Status of the proposed information
collection: This is a revision of a
currently approved information
collection.
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Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: September 22, 2006.
Frank L. Davis,
General Deputy Assistant Secretary for
Housing—Deputy Federal Housing
Commissioner.
[FR Doc. E6–15882 Filed 9–27–06; 8:45 am]
BILLING CODE 4210–67–P
VerDate Aug<31>2005
20:16 Sep 27, 2006
Jkt 208001
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5041–N–35]
Notice of Proposed Information
Collection: Comment Request; Owner
of Record and Re-Sale Data to
Preclude Predatory Lending Practices
(Property Flipping) on FHA Insured
Mortgages
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
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: November
27, 2006.
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, Reports Management
Officer, Department of Housing and
Urban Development, 451 7th Street,
SW., L’Enfant Plaza Building, Room
8001, Washington, DC 20410, or
Lillian_Deitzer@hud.gov.
Meg
Burns, Director, Office of Single Family
Program Development, Department of
Housing and Urban Development, 451
7th Street SW., Washington, DC 20410,
telephone (202) 708–2121 (this is not a
toll free number) for copies of the
proposed forms and other available
information.
FOR FURTHER INFORMATION CONTACT:
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
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00054
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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: Owner of Record
and Re-sale Data to Preclude Predatory
Lending Practices (Property Flipping)
on FHA Insured Mortgages.
OMB Control Number, if applicable:
2502–0547.
Description of the need for the
information and proposed use: HUD is
committed to preventing predatory sales
practices. To do so, it will not insure
mortgages on properties re-sold within
90 days and will require that only the
owner-of-record be permitted to sell the
property if FHA will insure the
subsequent mortgage. Lenders will be
required to provide evidence of the date
of the last resale and the date it
occurred. If the resale exceeds area price
thresholds established by FHA, FHA
requires an additional appraisal to
establish value.
Agency form numbers, if applicable:
None.
Estimation of the total number of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: The estimated total
number of hours needed to prepare the
information collection is 19,000; the
number of respondents is 514,000
generating approximately 514,000
annual responses; the frequency of
response is on occasion; and the
estimated time needed to prepare the
response is less than 1 minute for
clerical data and 1 hour for appraisal
review.
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: September 22, 2006.
Frank L. Davis,
General Deputy Assistant Secretary for
Housing—Deputy Federal Housing
Commissioner.
[FR Doc. E6–15884 Filed 9–27–06; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Office of the Secretary
Exxon Valdez Oil Spill Trustee Council;
Notice of Meeting
Office of the Secretary,
Department of the Interior.
AGENCY:
E:\FR\FM\28SEN1.SGM
28SEN1
]]>Agencies
[Federal Register Volume 71, Number 188 (Thursday, September 28, 2006)]
[Notices]
[Page 57002]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-15884]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5041-N-35]
Notice of Proposed Information Collection: Comment Request; Owner
of Record and Re-Sale Data to Preclude Predatory Lending Practices
(Property Flipping) on FHA Insured Mortgages
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
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: November 27, 2006.
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, Reports
Management Officer, Department of Housing and Urban Development, 451
7th Street, SW., L'Enfant Plaza Building, Room 8001, Washington, DC
20410, or Lillian--Deitzer@hud.gov.
FOR FURTHER INFORMATION CONTACT: Meg Burns, Director, Office of Single
Family Program Development, Department of Housing and Urban
Development, 451 7th Street SW., Washington, DC 20410, telephone (202)
708-2121 (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: Owner of Record and Re-sale Data to Preclude
Predatory Lending Practices (Property Flipping) on FHA Insured
Mortgages.
OMB Control Number, if applicable: 2502-0547.
Description of the need for the information and proposed use: HUD
is committed to preventing predatory sales practices. To do so, it will
not insure mortgages on properties re-sold within 90 days and will
require that only the owner-of-record be permitted to sell the property
if FHA will insure the subsequent mortgage. Lenders will be required to
provide evidence of the date of the last resale and the date it
occurred. If the resale exceeds area price thresholds established by
FHA, FHA requires an additional appraisal to establish value.
Agency form numbers, if applicable: None.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The estimated total number of hours
needed to prepare the information collection is 19,000; the number of
respondents is 514,000 generating approximately 514,000 annual
responses; the frequency of response is on occasion; and the estimated
time needed to prepare the response is less than 1 minute for clerical
data and 1 hour for appraisal review.
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: September 22, 2006.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing
Commissioner.
[FR Doc. E6-15884 Filed 9-27-06; 8:45 am]
BILLING CODE 4210-67-P
