[Federal Register Volume 62, Number 203 (Tuesday, October 21, 1997)] [Notices] [Pages 54643-54644] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-27768] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-4263-N-44] Notice of Proposed Information Collection for Public Comment AGENCY: Office of the Assistant Secretary for Housing, HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The proposed information collection requirements 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: December 22, 1997. 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: Oliver Walker, Housing, Department of Housing and Urban Development, 451-7th Street, SW, Room 9116, Washington, DC 20410. FOR FURTHER INFORMATION CONTACT: Vance Morris, Director, Single Family Home Mortgage Insurance Division, telephone number (202) 708-2700 (this is not a toll free number) for copies of the proposed forms and other available documents. SUPPLEMENTARY INFORMATION: The Department will submit the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35). The notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information 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 through 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: Title I Electronic Data Collection. OMB Control Number: 2502-. Descrition of the need for the information and proposed use: The Department needs additional data from lenders to permit more effective risk management of its Title I loan portfolio. The data will be collected in an electronic format and therefore enhance the Department's ability to monitor individual loan and lender performance. Agency forms, if applicable: None. Members of affected public: Lending institutions with FHA approval to originate or service Title I loans. [[Page 54644]] Status of the proposed information collection: Not applicable. Estimate of public burden: The additional reporting burden is considered minimal, as the data collected will be electronically reported and consists primarily on information Title I lenders currently collect during the loan origination process. In aggregate the reporting burden is estimated a 1,211 hours annually. Authority Section 236 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended. Dated: October 15, 1997. Nicolas P. Retsinas, Assistant Secretary for Housing-Federal Housing Commissioner. [FR Doc. 97-27768 Filed 10-20-97; 8:45 am] BILLING CODE 4210-27-M