Federal Register: November 6, 2009 (Volume 74, Number 214)
DOCID: fr06no09-77 FR Doc E9-26770
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Housing and Urban Development Department
Docket ID: [Docket No. FR-5285-N-35]
NOTICE: NOTICES
DOCID: fr06no09-77
DOCUMENT ACTION: Notice.
SUBJECT CATEGORY:
Notice of Proposed Information Collection: Comment Request; FHA- Cooperative Share Loan Insurance
DATES: Comments Due Date: January 5, 2010.
DOCUMENT SUMMARY:
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.
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals
SUPPLEMENTAL 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: Cooperative Share Loan Insurance.
OMB Control Number, if applicable: 2502XXXX.
Description of the need for the information and proposed use: A new
Mortgagee Letter calls for a collection of information and documents
related to cooperative projects and the share loan to be insured. The documents and
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information to be collected will identify components of the cooperative
corporation for analysis, in order to protect the interests of the
shareowner occupant, the lender, and FHA's Mutual Mortgage Insurance
fund. Further, the guidance in the Mortgagee Letter aligns with current
protections, practices, and standards used by cooperative corporations and industry partners.
Agency form numbers, if applicable: HUD92270, HUD92271, and HUD 92270G
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 annual burden hours is 2000. The number of respondents is 12,670, the number of responses is 1,000, the frequency of response is on occasion, and the burden hour per response is 2.
Status of the proposed information collection: This is a new collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35, as amended.
Dated: October 19, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for HousingDeputy Federal Housing Commissioner.
[FR Doc. E926770 Filed 11509; 8:45 am]
BILLING CODE 421067P
FOR FURTHER INFORMATION CONTACT
Program Contact, 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.