30-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders, 43060-43061 [2014-17460]

Download as PDF emcdonald on DSK67QTVN1PROD with NOTICES 43060 Federal Register / Vol. 79, No. 142 / Thursday, July 24, 2014 / Notices The December 27, 2013, notice advised that with the establishment of HEROS, users would be allowed to complete, store, and submit their environmental review records online. As stated in the December 27, 2013, notice, HUD’s intention is that HEROS will improve HUD’s environmental reviews in several ways. First, it replaces HUD’s many environmental review forms and requirements with one single format housed online with guidance integrated throughout to simplify the process and assist new employees in the preparation of their reviews. Second, it increases transparency and overall compliance with NEPA by posting many environmental review records online for public review through HEROS. Finally, storing recipients’ records in HEROS allows HUD to collect data on environmental compliance for the first time. On March 31, 2014, at 79 FR 18048, HUD published the 30-day notice for HEROS to complete the public comment process required by the PRA. With the completion of the PRA process for HEROS, OMB has assigned OMB control number 2506–0202 to HEROS. On February 27, 2014, at 79 FR 11045, HUD published a proposed rule entitled ‘‘Environmental Compliance Recordkeeping Requirements.’’ The proposed rule reiterated the various documents required to meet the environmental review requirements under the regulations in 24 CFR parts 50 and parts 58 (see 78 FR 11046) as was stated in the December 27, 2013, notice, and noted that, as a result of these regulations, a variety of documents are required to be completed by the entities complying with the environmental review requirements of these regulations. HUD noted that these various formats required to be completed under the regulations in 24 CFR parts 50 and 58 make it difficult for HUD and interested members of the public to assess compliance and prevents HUD from collecting reliable data. The February 27, 2014, proposed rule stated HUD’s intention to bring uniformity to the documentation required to reflect compliance with the regulations in 24 CFR parts 50 and 58. The proposed rule also stated that the established format would be established through the PRA notice-and-comment process. As noted above, HUD provided the opportunity for notice-and-comment through the December 27, 2013 60-day PRA notice and the March 31, 2014 30day PRA notice. With approval of HEROS under the PRA, use of HEROS provides for the uniformity and VerDate Mar<15>2010 18:03 Jul 23, 2014 Jkt 232001 transparency that HUD is seeking in its February 27, 2014, proposed rule. Date: July 21, 2014. Danielle Schopp, Director, Office of Environment and Energy. [FR Doc. 2014–17466 Filed 7–23–14; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5752–N–59] 30-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment. DATES: Comments Due Date: August 25, 2014. 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: 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. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@ hud.gov or telephone 202–402–3400. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877–8339. 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 HUD has submitted to OMB a request for approval of the information collection described in Section A. The Federal Register notice that solicited public comment on the information collection for a period of 60 days was published on February 26, 2014. SUMMARY: PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 A. Overview of Information Collection Title of Information Collection: Quality Control Requirements for Direct Endorsement Lenders. OMB Approval Number: 2502–0600. Type of Request: Extension of a currently approved collection. Form Number: None. Description of the need for the information and proposed use: Under 24 CFR § 202.8(3), Direct Endorsement (DE) lenders which sponsor third-party originators (TPOs) are responsible to the Secretary for the actions of TPOs or mortgagees in originating loans or mortgages, unless applicable law or regulation requires specific knowledge on the part of the party to be held responsible. As a result, DE lenders are responsible for conducting quality control on TPO originations of FHAinsured mortgage loans, and ensuring that their quality control plans contain appropriate oversight provisions. This creates an information collection burden on DE lenders, since these institutions must conduct quality control on all loans they originate and underwrite. In addition, under 24 CFR § 203.255(c) and (e), HUD conducts both pre- and postendorsement reviews of loans submitted for FHA insurance by DE lenders. As part of those reviews, the Secretary is authorized to determine if there is any information indicating that any certification or required document is false, misleading, or constitutes fraud or misrepresentation on the part of any party, or that the mortgage fails to meet a statutory or regulatory requirement. In order to assist the Secretary with this directive, FHA requires that lenders self-report all findings of fraud and material misrepresentation, as well any material findings concerning the origination, underwriting, or servicing of the loan that the lender is unable to mitigate or otherwise resolve. The obligation to self-report these findings creates an additional information collection burden on DE lenders. In accordance with the requirements of 5 CFR § 1320.8(d), a Notice soliciting comments on this collection of information was initially published in the Federal Register on December 21, 2010 (Volume 75, Number 244, page 80066). At that time, FHA still allowed for loan correspondents to participate in its programs and had not yet transitioned to the use of TPOs. Therefore, FHA estimated information collection burdens based on the expected used of TPOs by DE lenders. Three years later, FHA has revised these estimates with real data, which has substantially reduced the information E:\FR\FM\24JYN1.SGM 24JYN1 Federal Register / Vol. 79, No. 142 / Thursday, July 24, 2014 / Notices collection burden associated with OMB Control Number 2502–0600. Respondents: Business or other forprofit. Estimated Number of Respondents: 1,831. Estimated Number of Responses: 135,682. Frequency of Response: Annually. Average Hours per Response: .52. Total Estimated Burdens: 71,017. B. Solicitation of Public Comment This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following: (1) 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) The accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Ways to enhance the quality, utility, and clarity of the information to be collected; and (4) Ways to 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. HUD encourages interested parties to submit comment in response to these questions. C. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35 Date: July 17, 2014. Colette Pollard, Department Reports Management Officer Office of the Chief Information Officer. [FR Doc. 2014–17460 Filed 7–23–14; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT emcdonald on DSK67QTVN1PROD with NOTICES Public Housing Assessment System (PHAS) Capital Fund Final Scoring Notice: Reinstitution of Five Points for Occupancy Sub-Indicator; Correction Office of General Counsel, Notice; technical correction. On July 2, 2014, HUD published a notice that made final an earlier notice published on December 16, 2013, for public comment. The SUMMARY: VerDate Mar<15>2010 18:03 Jul 23, 2014 Jkt 232001 I. Background On December 16, 2013, (78 FR 76160), HUD published a notice proposing for public comment its intent to reinstitute, temporarily, the award of 5 points for the occupancy sub-indicator of the Capital Fund Program Indicator to all PHAs for the PHAS Capital Fund Program Indicator. On July 2, 2014, (79 FR 37766), HUD published a final notice addressing the public comments received and implementing the 5 point award. In the July 2, 2014, notice, HUD should have revised the title to substituting ‘‘final’’ for ‘‘interim’’ and removing the indication that public comments were requested. Public comments were received and considered after publication of the December 16, 2013, notice on the same subject, and are not solicited in the July 2, 2014, notice. This notice advises that the title of the July 2, 2014, notice is corrected to read: ‘‘Public Housing Assessment System (PHAS) Capital Fund Final Scoring Notice: Reinstitution of Five Points for Occupancy Sub-Indicator.’’ Date: July 21, 2014. Aaron Santa Anna, Assistant General Counsel for Regulations. HUD. ACTION: SUPPLEMENTARY INFORMATION: II. Correction [Docket No. FR–5747–C–03] AGENCY: December 16, 2013, notice was entitled ‘‘Public Housing Assessment System (PHAS) Capital Fund Interim Scoring Notice: Reinstitution of Five Points for Occupancy Sub-Indicator and Request for Comment.’’ These notices pertain to the scoring of PHAs by HUD and have the effect of reinstating, temporarily, the automatic award of 5 points for the occupancy sub-indicator of the Capital Fund Program Indicator to all PHAs that passed a basic threshold scoring level for the Public Housing Assessment System (PHAS) Capital Fund Program Indicator. However, in the July 2, 2014, notice HUD inadvertently failed to revise the title of the notice by replacing ‘‘interim’’ with ‘‘final’’ and by removing the phrase ‘‘and Request for Comment.’’ Since the July 2, 2014, notice is final and does not request public comments, the title may be misleading to the public. HUD, therefore, is publishing today’s notice to correct its July 2, 2014, notice. [FR Doc. 2014–17463 Filed 7–23–14; 8:45 am] BILLING CODE 4210–67–P PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 43061 DEPARTMENT OF THE INTERIOR Office of the Secretary [DR.5B711.IA000814] Sovereignty in Indian Education Grant Program Bureau of Indian Education, Interior. ACTION: Notice of availability and request for proposals. AGENCY: The Bureau of Indian Education announces the availability of competitive grants to tribes and their tribal education agencies to promote tribal control and operation of bureaufunded schools on their reservations. This notice invites tribes with three or more Bureau of Indian Educationfunded schools to submit grant proposals. DATES: Grant proposals must be received by September 12, 2014, at 4:00 p.m. Eastern Time. Questions related to the grant process must be received by August 20, 2014. Questions received after August 20, 2014, and before September 12, 2014, may not be considered. ADDRESSES: Complete details on requirements for proposals and the evaluation and selection process can be found on the BIE Web site at this address: www.bie.edu. Submit grant applications to: Bureau of Indian Education, Attn: Wendy Greyeyes, 1849 C Street NW., MS–4655–MIB, Washington, DC 20240. Email submissions will be accepted at this address: wendy.greyeyes@bie.edu. Limit email submissions to attachments compatible with Microsoft Office Word 2007 or later and files with a .pdf file extension. Emailed submissions may not exceed 3MB total in size. Fax submissions are not acceptable. FOR FURTHER INFORMATION CONTACT: Ms. Wendy Greyeyes, Bureau of Indian Education, Office of the Director, (202) 208–5810; wendy.greyeyes@bie.edu. SUPPLEMENTARY INFORMATION: In 2013, the Secretary of the Interior and the Secretary of Education convened an American Indian Education Study Group to diagnose the systemic challenges facing the Bureau of Indian Education (BIE) and to propose a comprehensive plan for reform to ensure that all students attending BIEfunded schools receive a world-class education. The Study Group drafted a framework for reform based on several listening sessions last fall with tribal leaders, Indian educators and others throughout Indian Country on how to facilitate SUMMARY: E:\FR\FM\24JYN1.SGM 24JYN1

Agencies

[Federal Register Volume 79, Number 142 (Thursday, July 24, 2014)]
[Notices]
[Pages 43060-43061]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17460]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-59]


30-Day Notice of Proposed Information Collection: Quality Control 
Requirements for Direct Endorsement Lenders

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: August 25, 2014.

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: 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.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. 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 HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
February 26, 2014.

A. Overview of Information Collection

    Title of Information Collection: Quality Control Requirements for 
Direct Endorsement Lenders.
    OMB Approval Number: 2502-0600.
    Type of Request: Extension of a currently approved collection.
    Form Number: None.
    Description of the need for the information and proposed use: Under 
24 CFR Sec.  202.8(3), Direct Endorsement (DE) lenders which sponsor 
third-party originators (TPOs) are responsible to the Secretary for the 
actions of TPOs or mortgagees in originating loans or mortgages, unless 
applicable law or regulation requires specific knowledge on the part of 
the party to be held responsible. As a result, DE lenders are 
responsible for conducting quality control on TPO originations of FHA-
insured mortgage loans, and ensuring that their quality control plans 
contain appropriate oversight provisions. This creates an information 
collection burden on DE lenders, since these institutions must conduct 
quality control on all loans they originate and underwrite. In 
addition, under 24 CFR Sec.  203.255(c) and (e), HUD conducts both pre- 
and post-endorsement reviews of loans submitted for FHA insurance by DE 
lenders. As part of those reviews, the Secretary is authorized to 
determine if there is any information indicating that any certification 
or required document is false, misleading, or constitutes fraud or 
misrepresentation on the part of any party, or that the mortgage fails 
to meet a statutory or regulatory requirement. In order to assist the 
Secretary with this directive, FHA requires that lenders self-report 
all findings of fraud and material misrepresentation, as well any 
material findings concerning the origination, underwriting, or 
servicing of the loan that the lender is unable to mitigate or 
otherwise resolve. The obligation to self-report these findings creates 
an additional information collection burden on DE lenders. In 
accordance with the requirements of 5 CFR Sec.  1320.8(d), a Notice 
soliciting comments on this collection of information was initially 
published in the Federal Register on December 21, 2010 (Volume 75, 
Number 244, page 80066). At that time, FHA still allowed for loan 
correspondents to participate in its programs and had not yet 
transitioned to the use of TPOs. Therefore, FHA estimated information 
collection burdens based on the expected used of TPOs by DE lenders. 
Three years later, FHA has revised these estimates with real data, 
which has substantially reduced the information

[[Page 43061]]

collection burden associated with OMB Control Number 2502-0600.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1,831.
    Estimated Number of Responses: 135,682.
    Frequency of Response: Annually.
    Average Hours per Response: .52.
    Total Estimated Burdens: 71,017.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

C. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 
U.S.C. Chapter 35

    Date: July 17, 2014.
Colette Pollard,
Department Reports Management Officer Office of the Chief Information 
Officer.
[FR Doc. 2014-17460 Filed 7-23-14; 8:45 am]
BILLING CODE 4210-67-P
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