Notice of Submission of Proposed Information Collection to OMB; Disclosure of Adjustable Rate Mortgages (ARMs) Rates, 28988 [E7-9959]
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28988
Federal Register / Vol. 72, No. 99 / Wednesday, May 23, 2007 / Notices
Dated: May 18, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act
Officer, Office of the Chief Information
Officer.
[FR Doc. E7–9958 Filed 5–22–07; 8:45 am]
calculated. HUD reviews lenders loan
files to ensure lenders are in
compliance.
DATES:
Comments Due Date: June 22,
2007.
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
approval Number (2502–0322) and
should be sent to: HUD Desk Officer,
Office of Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
Lillian Deitzer, Departmental Reports
Management Officer, QDAM,
Department of Housing and Urban
Development, 451 Seventh Street, SW.,
Washington, DC 20410; e-mail
Lillian_L._Deitzer@HUD.gov or
telephone (202) 708–2374. This is not a
toll-free number. Copies of available
documents submitted to OMB may be
obtained from Ms. Deitzer or from
HUD’s Web site at https://
www5.hud.gov:63001/po/i/icbts/
collectionsearch.cfm.
ADDRESSES:
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5117–N–41]
Notice of Submission of Proposed
Information Collection to OMB;
Disclosure of Adjustable Rate
Mortgages (ARMs) Rates
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: The proposed information
collection requirement described below
has been 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.
Lenders must provide mortgagors
with adjustable rate mortgages an
annual ARM Disclosure Notice at least
25 days before any adjustment to a
mortgagor’s monthly payment may
occur, and the mortgagee must inform
the borrower of the changed interest
rate, monthly mortgage amount, the
current index interest rate value, and
how the payment adjustment was
This
notice informs the public that the
Department of Housing and Urban
Development has submitted to OMB a
request for approval of the information
collection described below. This notice
is soliciting comments from members of
the public and affecting agencies
concerning the proposed collection of
information to: (1) Evaluate whether the
SUPPLEMENTARY INFORMATION:
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) 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
through 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: Disclosure of
Adjustable Rate Mortgages (ARMs)
Rates.
OMB Approval Number: 2502–0322.
Form Numbers: None.
Description of the Need for the
Information and Its Proposed Use:
Lenders must provide mortgagors with
adjustable rate mortgages an annual
ARM Disclosure Notice at least 25 days
before any adjustment to a mortgagor’s
monthly payment may occur, and the
mortgagee must inform the borrower of
the changed interest rate, monthly
mortgage amount, the current index
interest rate value, and how the
payment adjustment was calculated.
HUD reviews lenders loan files to
ensure lenders are in compliance.
Frequency of Submission: Annually.
Number of
respondents
Annual
responses
20,000
11
Reporting Burden ..............................................................................
Total Estimated Burden Hours:
11,000.
Status: Extension of a currently
approved collection.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. 35, as
amended.
Notice of Submission of Proposed
Information Collection to OMB;
Certificate of Need for Health Facilitiy
and Assurance of Enforcement of
State Standards
Dated: May 18, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act
Officer, Office of the Chief Information
Officer.
[FR Doc. E7–9959 Filed 5–22–07; 8:45 am]
pwalker on PROD1PC71 with NOTICES
BILLING CODE 4210–67–P
VerDate Aug<31>2005
18:32 May 22, 2007
Jkt 211001
[Docket No. FR–5117–N–40]
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
SUMMARY: The proposed information
collection requirement described below
has been 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.
PO 00000
Frm 00044
Fmt 4703
Sfmt 4703
x
Hours per
response
0.05
=
Burden hours
11,000
FHA appraisers, mortgagors, and
nonprofit entities use form HUD–2576–
HF to evaluate the property as security
for a long-term insured mortgage. The
Certificate of Need is used to obtain
approval from HUD for insured loans for
nursing homes and intermediate care
facilities.
DATES:
Comments Due Date: June 22,
2007.
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
approval Number (2502–0210) and
should be sent to: HUD Desk Officer,
Office of Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
Lillian Deitzer, Departmental Reports
ADDRESSES:
E:\FR\FM\23MYN1.SGM
23MYN1
]]>Agencies
[Federal Register Volume 72, Number 99 (Wednesday, May 23, 2007)]
[Notices]
[Page 28988]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9959]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5117-N-41]
Notice of Submission of Proposed Information Collection to OMB;
Disclosure of Adjustable Rate Mortgages (ARMs) Rates
AGENCY: Office of the Chief Information Officer, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The proposed information collection requirement described
below has been 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.
Lenders must provide mortgagors with adjustable rate mortgages an
annual ARM Disclosure Notice at least 25 days before any adjustment to
a mortgagor's monthly payment may occur, and the mortgagee must inform
the borrower of the changed interest rate, monthly mortgage amount, the
current index interest rate value, and how the payment adjustment was
calculated. HUD reviews lenders loan files to ensure lenders are in
compliance.
DATES: Comments Due Date: June 22, 2007.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
approval Number (2502-0322) and should be sent to: HUD Desk Officer,
Office of Management and Budget, New Executive Office Building,
Washington, DC 20503; fax: 202-395-6974.
FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Departmental Reports
Management Officer, QDAM, Department of Housing and Urban Development,
451 Seventh Street, SW., Washington, DC 20410; e-mail Lillian--L.--
Deitzer@HUD.gov or telephone (202) 708-2374. This is not a toll-free
number. Copies of available documents submitted to OMB may be obtained
from Ms. Deitzer or from HUD's Web site at https://www5.hud.gov:63001/
po/i/icbts/collectionsearch.cfm.
SUPPLEMENTARY INFORMATION: This notice informs the public that the
Department of Housing and Urban Development has submitted to OMB a
request for approval of the information collection described below.
This notice is soliciting comments from members of the public and
affecting agencies concerning the proposed collection of information
to: (1) Evaluate 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)
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 through 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: Disclosure of Adjustable Rate Mortgages (ARMs)
Rates.
OMB Approval Number: 2502-0322.
Form Numbers: None.
Description of the Need for the Information and Its Proposed Use:
Lenders must provide mortgagors with adjustable rate mortgages an
annual ARM Disclosure Notice at least 25 days before any adjustment to
a mortgagor's monthly payment may occur, and the mortgagee must inform
the borrower of the changed interest rate, monthly mortgage amount, the
current index interest rate value, and how the payment adjustment was
calculated. HUD reviews lenders loan files to ensure lenders are in
compliance.
Frequency of Submission: Annually.
----------------------------------------------------------------------------------------------------------------
Number of Annual Hours per
respondents responses x response = Burden hours
----------------------------------------------------------------------------------------------------------------
Reporting Burden.................... 20,000 11 .. 0.05 .. 11,000
----------------------------------------------------------------------------------------------------------------
Total Estimated Burden Hours: 11,000.
Status: Extension of a currently approved collection.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. 35, as amended.
Dated: May 18, 2007.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act Officer, Office of the Chief
Information Officer.
[FR Doc. E7-9959 Filed 5-22-07; 8:45 am]
BILLING CODE 4210-67-P
