The Federal Register

Notice of Submission of Proposed Information Collection to OMB; Contractor's Requisition-Project Mortgages

Mon, Dec 12 2005 11:00:00 GMT

The proposed information collection requirement described below has been 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.

Contractor's monthly application for distribution of insured mortgage proceeds for construction costs. Multifamily HUD Centers ensure that work is actually completed satisfactorily. The prevailing wages certification ensures compliance with prevailing wage rate.

Notice of Submission of Proposed Information Collection to OMB; Requisition for Disbursement of Sections 202 and 811

Mon, Dec 12 2005 11:00:00 GMT

Owner entities submit requisitions periodically (generally monthly) to HUD during construction to obtain Section 202/811 capital advance/ loan funds. This collection identifies the owner, project, type of disbursement, items covered, name of the depository, and account number.

Notice of Submission of Proposed Information Collection to OMB; Single Family Premium Collection Subsystem-Periodic

Mon, Dec 12 2005 11:00:00 GMT

The SFPCSP is used to collect monthly mortgage insurance premiums (MIP) from mortgagees. The Credit Reform Act of 1990 requires FHA to report case level mortgage insurance payment information for each endorsement. In addition, 24 CFR 203.264 requires mortgagees to pay monthly MIP's and 24 CFR 203.269 requires that the MIP's be remitted electronically.