Federal Register: August 10, 2005 (Volume 70, Number 153)
DOCID: FR Doc E5-4332
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Housing and Urban Development Department
Docket ID: [Docket No. FR-4975-N-23]
DOCUMENT ACTION: Notice.
Notice of Proposed Information Collection: Comment Request; Local Appeals to Single-Family Mortgage Limits
DATES: Comments Due Date: October 11, 2005.
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.
Agency information collection activities; proposals, submissions, and approvals,
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: Local Appeals to SingleFamily Mortgage Limits.
OMB Control Number, if applicable: 25020302.
Description of the need for the information and proposed use: The
National Housing Act permits HUD to raise the maximum mortgage amount
up to eightyseven percent of the Federal Home Loan Mortgage
Corporation (Freddie Mac) loan limits in areas with high prevailing
sales prices to reflect regional differences in the cost of housing.
Any party who believes that the present limit does not accurately
reflect the higher sales price in that area may request an increase.
The request must be accompanied by sufficient housing sales price data
to support the request. The data should be a listing of all the one or
nearly all the onefamily sales in the area for a prescribed period of
time, depending on the volume of sales. HUD will use the information [[Page 46535]]
collected to determine whether an increase is warranted.
Agency form numbers, if applicable: None.
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 number of burden hours is 5,600. The number of respondents is 140, the frequency of response is on occasion, and the burden hour per response is 40 hours.
Status of the proposed information collection: This is an extension of a currently approved collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., chapter 35, as amended.
Dated: August 1, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for HousingDeputy Federal Housing Commissioner.
[FR Doc. E54332 Filed 8905; 8:45 am]
BILLING CODE 421027P
FOR FURTHER INFORMATION CONTACT
Margaret Burns, (Acting) Director, Office of Single Family Program Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 7082121 (this is not a toll free number) for copies of the proposed forms and other available information.