Notice of Submission of Proposed Information Collection to OMB; Emergency Comment Request; Real Estate Settlement Procedures Act Disclosures, 64821-64822 [2012-26067]
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64821
Federal Register / Vol. 77, No. 205 / Tuesday, October 23, 2012 / Notices
Number of
respondents
Annual
responses
579
2.290
Reporting Burden ..............................................................................
Total estimated burden hours: 48,168.
Status: Revision of a currently
approved collection.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. 35, as
amended.
Dated: October 17, 2012.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2012–25984 Filed 10–22–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5603–N–76]
Notice of Submission of Proposed
Information Collection to OMB;
Emergency Comment Request; Real
Estate Settlement Procedures Act
Disclosures
Office of the Chief Information
Officer.
ACTION: Notice of proposed information
collection.
AGENCY:
The proposed information
collection requirement described below
has been submitted to the Office of
Management and Budget (OMB) for
emergency review and approval, as
required by the Paperwork Reduction
Act. The Department is soliciting public
comments on the subject proposal.
DATES: Comments Due Date: November
6, 2012.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments must be
received within fourteen (14) 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; email: Patrick.J.Fuch@OMB.
eop.gov; fax: 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Office of Chief
Information Officer, 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
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:22 Oct 22, 2012
Jkt 229001
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: Real Estate
Settlement Procedures Act (RESPA)
Disclosures.
OMB Control Number, if applicable:
2502–0265.
Description of the need for the
information and proposed use: This
collection is a reinstatement of a
discontinued information collection.
The Real Estate Settlement Procedures
Act of 1974, (RESPA), 12 U.S.C. 2601 et
seq., and Regulation X, codified at 24
CFR 3500, require real estate settlement
service providers to give homebuyers
certain disclosure information at and
before settlement, and pursuant to the
servicing of the loan and escrow
account. This includes a Special
Information Booklet, a Good Faith
Estimate, a Servicing Disclosure
Statement, the Form HUD–1 or Form
HUD–1A, and when applicable an
Initial Escrow Account Statement, an
Annual Escrow Account Statement, a
Consumer Disclosure for Voluntary
Escrow Account Payments, an Affiliated
Business Arrangement Disclosure, and a
Servicing Transfer Disclosure.
Under the Dodd-Frank Wall Street
Reform and Consumer Protection Act
(Dodd-Frank Act), rulemaking authority
for and certain enforcement authorities
with respect to the Real Estate
Settlement Procedures Act (RESPA) of
1974, as amended by Section 461 of the
Housing and Urban-Rural Recovery Act
of 1983 (HURRA), and other various
PO 00000
Frm 00028
Fmt 4703
Sfmt 4703
×
Hours per
response
36.325
=
Burden hours
48,168
amendments, transferred from the
Department of Housing and Urban
Development (HUD) to the Consumer
Financial Protection Bureau (CFPB) on
July 21, 2011. The Dodd-Frank Act also
directed the CFPB to integrate certain
disclosures required by the Truth in
Lending Act (TILA) with certain
disclosures required by the Real Estate
Settlement Procedures Act (RESPA) of
1974. The CFPB expects the content and
format of information collection forms
under this clearance, HUD’s existing
HUD–1/1A and GFE forms, to be
significantly revised or replaced by
rulemaking. The CFPB published
proposed rules in July and August of
2012 to that effect.
Historically, in order to satisfy
information collection requirements
under the Paperwork Reduction Act
(PRA), the HUD–1/1A and GFE listed
HUD’s Office of Management and
Budget (OMB) control number, 2502–
0265. While the CFPB will be, upon
OMB approval of this information
collection request, the ‘‘owner’’ of this
information collection, the CFPB
believes that requiring covered persons
to modify existing forms solely to
replace HUD’s OMB control number
with the Bureau’s OMB control number
would impose substantial burden on
covered persons with limited or no net
benefit to consumers. Accordingly, the
CFPB has reached an agreement with
OMB and HUD whereby covered
persons may continue to list HUD’s
OMB control number on the HUD–1/1A
and GFE forms until a final rule to the
contrary takes effect. Covered persons
also have the option of replacing HUD’s
OMB control number with the Bureau’s
OMB control number on the HUD–1/1A
and GFE forms until a final rule to the
contrary takes effect. Once the CFPB’s
final rule takes effect, regulated industry
will no longer be able to use the HUD
control number.
Agency form numbers, if applicable:
HUD–1, HUD–1A and [GFE form
number to be determined].
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
annual burden hours needed to prepare
the information is 17,183,450; the
number of respondents is estimated to
be 50,000 generating approximately
149,589,500 responses annually; these
are third party disclosures, the
E:\FR\FM\23OCN1.SGM
23OCN1
64822
Federal Register / Vol. 77, No. 205 / Tuesday, October 23, 2012 / Notices
frequency of response is annually for
one disclosure and as required for
others; and the estimated time per
response varies from 2 minutes to 35
minutes.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C. Chapter 35, as amended.
Dated: October 18, 2012.
Colette Pollard,
Departmental Reports Manager.
[FR Doc. 2012–26067 Filed 10–22–12; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5603–N–73]
Notice of Submission of Proposed
Information Collection to OMB; Notice
of Application for Designation as a
Single Family Foreclosure
Commissioner
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
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.
Under the Single Family Mortgage
Foreclsoure Act of 1994, HUD may
exercise a nonjudicial Power of Sale of
single family HUD-held mortgages and
SUMMARY:
may appoint Foreclosure
Commissioners to do this. HUD needs
the Notice and resulting appliations for
compliance with the Act’s requirements
that commissioners be qualified. Most
respondents will be attorneys, but
anyone may apply.
DATES: Comments Due Date: November
23, 2012.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
approval Number (2510–0012) and
should be sent to: HUD Desk Officer,
Office of Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–5806. Email:
OIRA_Submission@omb.eop.gov fax:
202–395–5806.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 Seventh
Street SW., Washington, DC 20410;
email Colette Pollard at
Colette.Pollard@hud.gov; or 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
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 Proposed: Notice of
Application for Designation as a Single
Family Foreclosure Commission.
OMB Approval Number: 2510–0012.
Form Numbers: None.
Description of the need for the
information and proposed use: Under
the Single Family Mortgage Foreclosure
Act of 1994, HUD may exercise a
nonjudicial Power of Sale of single
family HUD-held mortgages and may
appoint Foreclosure Commissioners to
do this. HUD needs the Notice and
resulting appliations for compliance
with the Act’s requirements that
commissioners be qualified. Most
respondents will be attorneys, but
anyone may apply.
Number of
respondents
Annual
responses
30
1
Reporting Burden ..............................................................................
Total estimated burden hours: 15.
Status: Extension of a currently
approved collection.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5603–N–75]
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. 35, as
amended.
Dated: October 17, 2012.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2012–25988 Filed 10–22–12; 8:45 am]
Notice of Submission of Proposed
Information Collection to OMB; Rental
Assistance Demonstration (RAD);
Supporting Contracts and Processing
Requirements
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
mstockstill on DSK4VPTVN1PROD with NOTICES
BILLING CODE 4210–67–P
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.
SUMMARY:
VerDate Mar<15>2010
17:22 Oct 22, 2012
Jkt 229001
PO 00000
Frm 00029
Fmt 4703
Sfmt 4703
×
Hours per
response
0.5
=
Burden hours
15
The Rental Assistance Demonstration
allows Public Housing and Moderate
Rehabilitation (Mod Rehab) properties
to convert to long-term Section 8 rental
assistance contracts; and Rent
Supplement (Rent Supp), Rental
Assistance Payment (RAP), and Mod
Rehab properties, upon contract
expiration or termination, to convert
tenant protection vouchers (TPVs) to
project-based vouchers (PBVs).
Participation in the initiative will be
voluntary. Public Housing Agencies,
Mod Rehab owners interested in
participating in the Demonstration are
required to submit supplementary
documentation through these processing
requirements to HUD so that HUD can
determine throughout the conversion
process the physical and financial
sustainability of properties. As such, the
E:\FR\FM\23OCN1.SGM
23OCN1
]]>Agencies
[Federal Register Volume 77, Number 205 (Tuesday, October 23, 2012)]
[Notices]
[Pages 64821-64822]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-26067]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5603-N-76]
Notice of Submission of Proposed Information Collection to OMB;
Emergency Comment Request; Real Estate Settlement Procedures Act
Disclosures
AGENCY: Office of the Chief Information Officer.
ACTION: Notice of proposed information collection.
-----------------------------------------------------------------------
SUMMARY: The proposed information collection requirement described
below has been submitted to the Office of Management and Budget (OMB)
for emergency review and approval, as required by the Paperwork
Reduction Act. The Department is soliciting public comments on the
subject proposal.
DATES: Comments Due Date: November 6, 2012.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments must be received within fourteen (14) 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; email: Patrick.J.Fuch@OMB.eop.gov; fax: 202-395-6974.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Office of Chief
Information Officer, 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: Real Estate Settlement Procedures Act (RESPA)
Disclosures.
OMB Control Number, if applicable: 2502-0265.
Description of the need for the information and proposed use: This
collection is a reinstatement of a discontinued information collection.
The Real Estate Settlement Procedures Act of 1974, (RESPA), 12 U.S.C.
2601 et seq., and Regulation X, codified at 24 CFR 3500, require real
estate settlement service providers to give homebuyers certain
disclosure information at and before settlement, and pursuant to the
servicing of the loan and escrow account. This includes a Special
Information Booklet, a Good Faith Estimate, a Servicing Disclosure
Statement, the Form HUD-1 or Form HUD-1A, and when applicable an
Initial Escrow Account Statement, an Annual Escrow Account Statement, a
Consumer Disclosure for Voluntary Escrow Account Payments, an
Affiliated Business Arrangement Disclosure, and a Servicing Transfer
Disclosure.
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
(Dodd-Frank Act), rulemaking authority for and certain enforcement
authorities with respect to the Real Estate Settlement Procedures Act
(RESPA) of 1974, as amended by Section 461 of the Housing and Urban-
Rural Recovery Act of 1983 (HURRA), and other various amendments,
transferred from the Department of Housing and Urban Development (HUD)
to the Consumer Financial Protection Bureau (CFPB) on July 21, 2011.
The Dodd-Frank Act also directed the CFPB to integrate certain
disclosures required by the Truth in Lending Act (TILA) with certain
disclosures required by the Real Estate Settlement Procedures Act
(RESPA) of 1974. The CFPB expects the content and format of information
collection forms under this clearance, HUD's existing HUD-1/1A and GFE
forms, to be significantly revised or replaced by rulemaking. The CFPB
published proposed rules in July and August of 2012 to that effect.
Historically, in order to satisfy information collection
requirements under the Paperwork Reduction Act (PRA), the HUD-1/1A and
GFE listed HUD's Office of Management and Budget (OMB) control number,
2502-0265. While the CFPB will be, upon OMB approval of this
information collection request, the ``owner'' of this information
collection, the CFPB believes that requiring covered persons to modify
existing forms solely to replace HUD's OMB control number with the
Bureau's OMB control number would impose substantial burden on covered
persons with limited or no net benefit to consumers. Accordingly, the
CFPB has reached an agreement with OMB and HUD whereby covered persons
may continue to list HUD's OMB control number on the HUD-1/1A and GFE
forms until a final rule to the contrary takes effect. Covered persons
also have the option of replacing HUD's OMB control number with the
Bureau's OMB control number on the HUD-1/1A and GFE forms until a final
rule to the contrary takes effect. Once the CFPB's final rule takes
effect, regulated industry will no longer be able to use the HUD
control number.
Agency form numbers, if applicable: HUD-1, HUD-1A and [GFE form
number to be determined].
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 annual burden
hours needed to prepare the information is 17,183,450; the number of
respondents is estimated to be 50,000 generating approximately
149,589,500 responses annually; these are third party disclosures, the
[[Page 64822]]
frequency of response is annually for one disclosure and as required
for others; and the estimated time per response varies from 2 minutes
to 35 minutes.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35, as amended.
Dated: October 18, 2012.
Colette Pollard,
Departmental Reports Manager.
[FR Doc. 2012-26067 Filed 10-22-12; 8:45 am]
BILLING CODE 4210-67-P
