60-Day Notice of Proposed Information Collection: HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value; OMB Control No.: 2502-0494, 33191 [2020-11713]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 85, Number 105 (Monday, June 1, 2020)]
[Notices]
[Page 33191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11713]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7027-N-17]


60-Day Notice of Proposed Information Collection: HUD Conditional 
Commitment/Direct Endorsement Statement of Appraised Value; OMB Control 
No.: 2502-0494

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comments 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: July 31, 2020.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 
(202) 402-3400 (this is not a toll free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access the telephone number through TTY by calling the toll free 
Federal Relay Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW, Room 4176, Washington, DC 20410-5000; email Colette Pollard 
at [email protected] or telephone (202) 402-3400 (this is not a 
toll free number). Persons with hearing or speech impairments may 
access the telephone number through TTY by calling the toll free 
Federal Relay Service at (800) 877-8339.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: HUD Conditional Commitment/Direct 
Endorsement Statement of Appraised Value.
    OMB Control Number, if applicable: 2502-0494.
    Type of Request: Extension of currently approved collection.
    Form Number: HUD 92800.5B.
    Description of the need for the information and proposed use: 
Lenders must provide loan applicants a completed copy of Form HUD-
92800.5B at or before loan closing. Form HUD-92800.5B serves as the 
mortgagee's conditional commitment/direct endorsement statement of 
appraised value of Federal Housing Administration (FHA) mortgage 
insurance on the property. The form provides a section for the 
statement of the property's appraised value and other required FHA 
disclosures to the borrower, including specific conditions that must be 
met before HUD can endorse a mortgage for FHA insurance. HUD uses the 
information to determine the eligibility of a property for mortgage 
insurance.
    Respondents: Mortgagees.
    Estimated Number of Respondents: 1,483.
    Estimated Number of Responses: 1,059,459.
    Frequency of Response: Yearly.
    Average Hours per Response: 0.12.
    Total Estimated Burdens: 127,135.

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 (44 U.S.C. 3507).
    The General Deputy Assistant Secretary for Housing, John L. Garvin, 
having reviewed and approved this document, is delegating the authority 
to electronically sign this document to submitter, Nacheshia Foxx, who 
is the Federal Register Liaison for HUD, for purposes of publication in 
the Federal Register.

    Dated: May 27, 2020.
Nacheshia Foxx,
Federal Register Liaison for the Department of Housing and Urban 
Development.
[FR Doc. 2020-11713 Filed 5-29-20; 8:45 am]
 BILLING CODE 4210-67-P