80 FR 15803 - 60-Day Notice of Proposed Information Collection: Single Family Premium Collection Subsystem-Periodic (SFPCS)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 57 (March 25, 2015)

HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.

[Federal Register Volume 80, Number 57 (Wednesday, March 25, 2015)]
[Notices]
[Pages 15803-15804]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-06874]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5835-N-02]


60-Day Notice of Proposed Information Collection: Single Family 
Premium Collection Subsystem-Periodic (SFPCS)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: May 26, 2015.

[[Page 15804]]


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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Natalia Yee, Director Single Family 
Insurance Operations Division, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410; email Natalia 
Yee at [email protected], telephone 202-402-3506. This is not a toll-
free number. Persons with hearing or speech impairments may access this 
number through TTY by calling the toll-free Federal Relay Service at 
(800) 877-8339. Copies of available documents submitted to OMB may be 
obtained from Mrs. Yee.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Single Family Premium Collection 
Subsystem-Periodic (SFPCS-P).
    OMB Approval Number: 2502-0536.
    Type of Request: Extension.
    Form Number: None.
    Description of the need for the information and proposed use: The 
Single Family Premium Collection Subsystem-Periodic (SFPCS-P) allows 
the lenders to remit the Periodic Mortgagee Insurance using funds 
obtained from the mortgagor during the collection of the monthly 
mortgage payment. The SFPCS-P strengthens HUD's ability to manage and 
process periodic single-family mortgage insurance premium collections 
and corrections to submitted data. It also improves date integrity for 
the Single Family Mortgage Insurance Program. Therefore, the FHA 
approved lenders use the automated Clearing House (ACH) application for 
all transmissions with SFPCS-P. The authority for this collection of 
information is specified in 24 CFR 203.264 AND 24 CFR 203.269. In 
general, the lenders use the ACH application to remit the periodic 
premium payments through SFPCS-P for the required FHA insured cases and 
to comply with the Credit Reform Act.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1,536.
    Estimated Number of Responses: 18,432.
    Frequency of Response: 12.
    Average Hours per Response: .15.
    Total Estimated Burdens: 2,765.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following: (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Ways to enhance the quality, 
utility, and clarity of the information to be collected; and (4) Ways 
to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

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

    Dated: March 19, 2015.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2015-06874 Filed 3-24-15; 8:45 am]
 BILLING CODE 4210-67-P