[Federal Register: January 22, 1999 (Volume 64, Number 14)]
[Notices]               
[Page 3535-3536]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22ja99-94]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4441-N-05]

 
Submission for OMB Review: Comment Request

AGENCY: Office of the Assistant Secretary for Administration, HUD.

ACTION: Notice.

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SUMMARY: 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.

DATES: Comments due date: February 22, 1999.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments must be received within thirty (30) days from 
the date of this Notice. Comments should refer to the proposal by name 
and/or OMB approval number and should be sent to: Joseph F. Lackey, 
Jr., OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
Southwest, Washington, DC 20410, telephone (202) 708-1305. This is not 
a toll-free number. Copies of the proposed forms and other available 
documents submitted to OMB may be obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35).
    The Notice lists the following information: (1) the title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including number of 
respondents, frequency of response, and hours of response; (9) whether 
the proposal is new, an extension, reinstatement, or revision of an 
information collection requirement; and (10) the names and telephone 
numbers of an agency official familiar with the proposal and of the OMB 
Desk Officer for the Department.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: January 13, 1999.
Wayne Eddins,
Reports Management Officer.

    Title of Proposal: Letter of Transmittal/Servicing Agreement/
Resolution of Board Director and Certificate of Authorized Signatures.
    Office: Government National Mortgage Association.
    OMB Approval Number: 2503-0016.
    Description of The Need For The Information and its Proposed use: 
Form HUD-11700, Letter of Transmittal, is used by issuers to transmit 
to GNMA required materials to request approval of all applications to 
become a mortgage-backed securities issuer. Form HUD-11702, Resolution 
of Board of Directors and Certificate of Authorized Signatures, is used 
to provide GNMA with the names and signatures of the Board of Directors 
of the issuer's organization. Form HUD-11707, Servicing Agreement, is 
used by the issuer to provide assurance to GNMA that servicing of the 
mortgages backing the securities will be performed at an acceptable 
standard.
    Form Number: HUD-11700, 11702 and 11707.
    Respondents: Federal Government and Business or Other-For-Profit.
    Frequency of Submission:
    Reporting Burden:

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                                       Number of          Frequency of           Hours per
                                      respondents    x      response      x      response      =   Burden hours
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HUD-11700.........................             399                    4                  .17                 270
HUD-11702.........................             399                    1                  .17                  68

[[Page 3536]]


HUD-11707.........................             399                   59                  .17                4002
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    Total Estimated Burden Hours: 4340.
    Status: Reinstatement with changes.
    Contact: Sonya Suarez, HUD, (202) 708-2772; Joseph F. Lackey, Jr., 
OMB, (202) 395-7316.

    Dated: January 13, 1999.
[FR Doc. 99-1386 Filed 1-21-99; 8:45 am]
BILLING CODE 4210-01-M