[Federal Register: March 28, 2007 (Volume 72, Number 59)]
[Notices]
[Page 14607-14608]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28mr07-114]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5121-N-10]
Notice of Proposed Information Collection: Comment Request;
Mortgage Insurance Termination; Application for Premium Refund or
Distributive Share Payment
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
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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.
DATES: Comments Due Date: May 29, 2007.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: Lillian L. Deitzer, Reports
Management Officer, Department of Housing and Urban Development, 451
7th Street, SW., Washington, DC 20410 or Lillian_L_Deitzer@hud.gov.
FOR FURTHER INFORMATION CONTACT: For information concerning Mortgage
Insurance Termination contact Gabrielle Scandone, Branch Chief, Systems
Management Branch, Single Family Insurance Operations Division (SFIOD),
telephone (202) 402-2717 (this is not a toll free number) or for
information concerning Form HUD-27050-B, Application for Premium Refund
or Distributive Share, contact Silas C. Vaughn, Jr., Branch Chief,
Disbursements and Customer Service Branch, SFIOD, telephone (202) 402-
3545 (this is not a toll free number) Department of Housing and Urban
Development, 451 7th Street SW., Washington, DC 20410.
SUPPLEMENTARY 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:
[[Page 14608]]
Title of Proposal: Mortgage Insurance Termination; Application for
Premium Refund or Distributive Share Payment.
OMB Control Number, if applicable: 2502-0414.
Description of the need for the information and proposed use: The
information collection for the Mortgage Insurance Termination is used
by Federal Housing Administration (FHA) approved mortgagees to comply
with HUD requirements for reporting the termination of FHA mortgage
insurance on single family dwellings (24 CFR 203.318). The form HUD-
27050-A is now obsolete. However, the information collection is still
in effect and is collected electronically through Electronic Data
Interchange and via FHA Connection. The Application for Premium Refund
or Distributive Share Payment is used by former FHA mortgagors to apply
for homeowner refunds of the unearned portion of the mortgage insurance
premium or a distributive share payment (24 CFR 203.423, 24 CFR
203.283, and 24 CFR 203.284).
Agency form numbers, if applicable: HUD-27050-A (Submitted
electronically) and HUD-27050-B (System generated).
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 estimated total number of burden
hours needed to prepare the information collection is 157,932; the
number of respondents is 462,349 generating approximately 1,004,407
annual responses; the frequency of response is on occasion for
mortgagors and varies for lenders; and the estimated time needed to
prepare the response is 5 minutes for lenders and 15 minutes for
mortgagors.
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: March 1, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing
Commissioner.
[FR Doc. E7-5625 Filed 3-27-07; 8:45 am]
BILLING CODE 4210-67-P