[Federal Register: August 13, 2003 (Volume 68, Number 156)]
[Notices]
[Page 48406-48407]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13au03-111]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4815-N-56]
Notice of Submission of Proposed Information Collection to OMB:
Advance of Escrow Funds
AGENCY: Office of the Chief Information Officer, 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.
The Department is requesting renewal of the approval to require
mortgagors/borrowers and mortgages/lenders execute Building Loan
Agreements setting forth terms and conditions under which progress
payments may be advanced during project construction. These agreements
are to be executed before initial endorsement of the mortgage to
insurance.
DATES: Comments Due Date: September 12, 2003.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
approval number (2502-0018) and should be sent to: Lauren Wittenberg,
OMB Desk Officer, Office of Management and Budget, Room 10235, New
Executive Office Building, Washington, DC 20503; Fax number (202) 395-
6974; e-mail Lauren_Wittenberg@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management
Officer, AYO, Department of Housing and Urban Development, 451 Seventh
Street, SW., Washington, DC 20410; e-mail Wayne_Eddins@HUD.gov;
telephone (202) 708-2374. 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 name and telephone
number of an agency official familiar with the proposal and of the OMB
Desk Officer for the Department.
This Notice also lists the following information:
Title of Proposal: Advance of Escrow Funds.
OMB Approval Number: 2502-0018.
Form Numbers: HUD-92464.
Description of the Need for the Information and its Proposed Use:
The Department is requesting renewal of the approval to require
mortgagors/borrowers and mortgages/lenders to execute Building Loan
Agreements
[[Page 48407]]
setting forth terms and conditions under which progress payments may be
advanced during project construction. These agreements are to be
executed before initial endorsement of the mortgage to insurance.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Frequency of Submission: On occasion.
Reporting Burden:
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Annual Hours per
Number of respondents responses x response = Burden hours
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525.................................................. 525 .. 2 .. 1,050
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Total Estimated Burden Hours: 1,050.
Status: Extension of a currently approved collection.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. 35, as amended.
Dated: August 7, 2003.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief
Information Officer.
[FR Doc. 03-20678 Filed 8-12-03; 8:45 am]
BILLING CODE 4210-72-P