30-Day Notice of Proposed Information Collection: Rehabilitation Mortgage Insurance Program Section 203(k); OMB Control No.: 2502-0527, 48188-48189 [2024-12289]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 89, Number 109 (Wednesday, June 5, 2024)]
[Notices]
[Pages 48188-48189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12289]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7080-N-25]


30-Day Notice of Proposed Information Collection: Rehabilitation 
Mortgage Insurance Program Section 203(k); OMB Control No.: 2502-0527

AGENCY: Office of Policy Development and Research, 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 comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for an additional 30 days of 
public comment.

DATES: Comments Due Date: July 5, 2024.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested 
persons are also invited to submit comments regarding this proposal and 
comments should refer to the proposal by name and/or OMB Control Number 
and should be sent to: Colette Pollard, Clearance Officer, REE, 
Department of Housing and Urban Development, 451 7th Street SW, Room 
8210, Washington, DC 20410-5000; email: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Room 8210, Washington, DC 20410; email 
[email protected] or telephone (202) 402-3400 (this is not a 
toll-free number). HUD welcomes and is prepared to receive calls from 
individuals who are deaf or hard of hearing, as well as individuals 
with speech and communication disabilities. To learn more about how to 
make an accessible telephone call, please visit: https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs. 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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
February 16, 2024 at 89 FR 12372.

A. Overview of Information Collection

    Title of Information Collection: Rehabilitation Mortgage Insurance 
Underwriting Program Section 203(k).
    OMB Approval Number: 2502-0527.
    OMB Expiration Date: August 31, 2024.
    Type of Request: Extension of currently approved collection.
    Form Number: HUD-92700-A, HUD-9746-A.
    Description of the need for the information and proposed use: This 
request for OMB review involves an extension request for information 
collected under OMB Approval Number 2502-0527 for lenders that 
originate and service Section 203(k) mortgages. The Section 203(k) 
program requires mortgagees to collect information about the scope of 
repair and improvement work, its cost, and control of escrow funds to 
pay for the improvements as they are completed. This program operates 
in conjunction with FHA's underwriting standards and systems for all 
Section 203(b) loans as documented in OMB Control Numbers 2502-0059 & 
2502-0556. Per the existing collection, there are 1,041 respondents 
made up of participating lenders and 203(k) Consultants.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1,041.
    Estimated Number of Responses: 103,317.
    Frequency of Response: On occasion (Once per loan).
    Average Hours per Response: 0.89.
    Total Estimated Burden: 92,269.

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;

[[Page 48189]]

    (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.
    (5) Ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    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.

Colette Pollard,
Department Reports Management Officer, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2024-12289 Filed 6-4-24; 8:45 am]
BILLING CODE 4210-67-P