Notice of Proposed Information Collection: Comment Request; Emergency Homeowners' Loan Program Data Elements, 5187 [2011-1896]
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Federal Register / Vol. 76, No. 19 / Friday, January 28, 2011 / Notices
WReier-Aviles on DSKGBLS3C1PROD with NOTICES
Total Burden Hours: 520 annual
burden hours.
Total Burden Cost (capital/startup):
$0.
Total Burden Cost (operating/
maintaining): $0.
FOR FURTHER INFORMATION CONTACT:
Reports Management Officer, QDAM,
Department of Housing and Urban
Devlopment, 451 7th Street, SW.,
Washington, DC 20410, e-mail
Colette.Pollard@HUD.gov; telephone
IP Stakeholder Input Project—Interviews (202) 402–3400. This is not a toll-free
number. Copies of available documents
Frequency: On occasion.
submitted to OMB may be obtained
Affected Public: Private sector and
from Ms. Pollard.
non-federal infrastructure protection
SUPPLEMENTARY INFORMATION: This
community.
Notice informs the public that the U.S.
Number of Respondents: 60.
Department of Housing and Urban
Estimated Time per Respondent: 1
Development (HUD) has submitted to
hour.
OMB, for emergency processing, an
Total Burden Hours: 60 annual
information collection package with
burden hours.
respect to implementing the Emergency
Total Burden Cost (capital/startup):
Homeowners’ Loan Program targeted to
$0.
borrowers facing foreclosure.
Total Burden Cost (operating/
The Dodd-Frank Wall Street Reform
maintaining): $0.
and Consumer Protection Act, 2010
Dated: January 21, 2011.
(Pub. L. 111–203, approved July 21,
David Epperson,
2010, Sec 1496) appropriated $1billion
Chief Information Officer, National Protection to HUD to establish an Emergency
and Programs Directorate, Department of
Homeowner’s Relief Fund, pursuant to
Homeland Security.
section 107 of the Emergency Housing
[FR Doc. 2011–1897 Filed 1–27–11; 8:45 am]
Act of 1975, that will provide
BILLING CODE P
emergency mortgage assistance to
homeowners that are at risk of
foreclosure due to involuntary
DEPARTMENT OF HOUSING AND
unemployment or underemployment
URBAN DEVELOPMENT
due to an adverse economic or medical
condition. Accordingly, HUD will
[Docket No. FR–5484–N–01]
implement the Emergency Homeowners
Loan Program (EHLP) that is designed to
Notice of Proposed Information
offer a declining balance, deferred
Collection: Comment Request;
payment ‘‘bridge loan’’ (non-recourse,
Emergency Homeowners’ Loan
subordinate loan with zero interest) for
Program Data Elements
up to $50,000 to assist eligible
AGENCY: Office of the Assistant
homeowners with payments of
Secretary for Housing-Federal Housing
arrearages, including delinquent taxes
Commissioner, HUD.
and insurance plus up to 24 months of
ACTION: Notice of proposed information
monthly payments on their mortgage
collection.
principal, interest, mortgage insurance
premiums, taxes, and hazard insurance.
SUMMARY: The proposed information
The Emergency Homeowners Loan
collection requirement described below Program is designed by HUD to meet the
will be submitted to the Office of
statutory directive and provides funding
Management and Budget (OMB) for
to support mortgage relief assistance.
review, as required by the Paperwork
HUD will use two approaches to
Reduction Act. The Department is
implement EHLP: (1) Provide
soliciting public comments on the
allocations to States that currently have
subject proposal.
substantially similar programs to
DATES: Comments Due Date: February
administer their mortgage relief funds
28, 2011.
directly; and (2) delegate key
administrative functions to third party
ADDRESSES: Interested persons are
entities that will assist HUD with
invited to submit comments regarding
program implementation. The third
this proposal. Comments must be
received within thirty (30) days from the party entities will be primarily
responsible for application intake,
date of this Notice. Comments should
eligibility screening, funds control,
refer to the proposal by name/or OMB
approval number and should be sent to: payment distribution, and note
processing.
HUD Desk Officer, Office of
Homeowners’ (borrowers’)
Management and Budget, New
participation in the program is
Executive Office Building, Washington,
voluntary. However, to help determine
DC 20503; e-mail:
eligibility for assistance borrowers must
Ross.A.Rutledge@omb.eop.gov; fax:
submit the required application
(202) 395–3086.
VerDate Mar<15>2010
15:05 Jan 27, 2011
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Frm 00058
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5187
information and loan documentation to
demonstrate that they meet program
eligibility guidelines to receive mortgage
relief assistance through EHLP.
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 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 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: Emergency
Homeowners’ Loan Program Data
Elements.
Description of the need for the
information and proposed use: This
information collection is necessary to
determine applicant eligibility to
receive mortgage relief assistance under
the Emergency Homeowners’ Loan
Program.
OMB Control Number, if applicable:
2502–XXXX (New).
Agency form numbers, if applicable:
None.
Member of Affected Public:
Emergency Homeowners’ Loan Program
Data Elements.
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 total number of
respondents are estimated to be 36,264;
the frequency of response (one time) for
initial intake and an on-occasion
response to re-certify changes in
required eligibility data, the estimated
time needed to prepare the response
averages 3 hours ; and the total
estimated annual burden hours are
108,792.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: January 24, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary
for Housing.
[FR Doc. 2011–1896 Filed 1–27–11; 8:45 am]
BILLING CODE 4210–72–P
E:\FR\FM\28JAN1.SGM
28JAN1
]]>Agencies
[Federal Register Volume 76, Number 19 (Friday, January 28, 2011)]
[Notices]
[Page 5187]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-1896]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5484-N-01]
Notice of Proposed Information Collection: Comment Request;
Emergency Homeowners' Loan Program Data Elements
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice of proposed information collection.
-----------------------------------------------------------------------
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: February 28, 2011.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments must be received within thirty (30) days from
the date of this Notice. Comments should refer to the proposal by name/
or OMB approval number and should be sent to: HUD Desk Officer, Office
of Management and Budget, New Executive Office Building, Washington, DC
20503; e-mail: Ross.A.Rutledge@omb.eop.gov; fax: (202) 395-3086.
FOR FURTHER INFORMATION CONTACT: Reports Management Officer, QDAM,
Department of Housing and Urban Devlopment, 451 7th Street, SW.,
Washington, DC 20410, e-mail Colette.Pollard@HUD.gov; telephone (202)
402-3400. This is not a toll-free number. Copies of available documents
submitted to OMB may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S.
Department of Housing and Urban Development (HUD) has submitted to OMB,
for emergency processing, an information collection package with
respect to implementing the Emergency Homeowners' Loan Program targeted
to borrowers facing foreclosure.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010
(Pub. L. 111-203, approved July 21, 2010, Sec 1496) appropriated
$1billion to HUD to establish an Emergency Homeowner's Relief Fund,
pursuant to section 107 of the Emergency Housing Act of 1975, that will
provide emergency mortgage assistance to homeowners that are at risk of
foreclosure due to involuntary unemployment or underemployment due to
an adverse economic or medical condition. Accordingly, HUD will
implement the Emergency Homeowners Loan Program (EHLP) that is designed
to offer a declining balance, deferred payment ``bridge loan'' (non-
recourse, subordinate loan with zero interest) for up to $50,000 to
assist eligible homeowners with payments of arrearages, including
delinquent taxes and insurance plus up to 24 months of monthly payments
on their mortgage principal, interest, mortgage insurance premiums,
taxes, and hazard insurance.
The Emergency Homeowners Loan Program is designed by HUD to meet
the statutory directive and provides funding to support mortgage relief
assistance.
HUD will use two approaches to implement EHLP: (1) Provide
allocations to States that currently have substantially similar
programs to administer their mortgage relief funds directly; and (2)
delegate key administrative functions to third party entities that will
assist HUD with program implementation. The third party entities will
be primarily responsible for application intake, eligibility screening,
funds control, payment distribution, and note processing.
Homeowners' (borrowers') participation in the program is voluntary.
However, to help determine eligibility for assistance borrowers must
submit the required application information and loan documentation to
demonstrate that they meet program eligibility guidelines to receive
mortgage relief assistance through EHLP.
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 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 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: Emergency Homeowners' Loan Program Data
Elements.
Description of the need for the information and proposed use: This
information collection is necessary to determine applicant eligibility
to receive mortgage relief assistance under the Emergency Homeowners'
Loan Program.
OMB Control Number, if applicable: 2502-XXXX (New).
Agency form numbers, if applicable: None.
Member of Affected Public: Emergency Homeowners' Loan Program Data
Elements.
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 total number of respondents are
estimated to be 36,264; the frequency of response (one time) for
initial intake and an on-occasion response to re-certify changes in
required eligibility data, the estimated time needed to prepare the
response averages 3 hours ; and the total estimated annual burden hours
are 108,792.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,
Chapter 35, as amended.
Dated: January 24, 2011.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2011-1896 Filed 1-27-11; 8:45 am]
BILLING CODE 4210-72-P
