81 FR 13816 - 30-Day Notice of Proposed Information Collection: FHA Lender Approval, Annual Renewal, Periodic Updates and Required Reports by FHA-Approved Lenders

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 50 (March 15, 2016)

HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment.

[Federal Register Volume 81, Number 50 (Tuesday, March 15, 2016)]
[Notices]
[Pages 13816-13817]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05779]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5909-N-13]


30-Day Notice of Proposed Information Collection: FHA Lender 
Approval, Annual Renewal, Periodic Updates and Required Reports by FHA-
Approved Lenders

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: April 14, 2016.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QMAC, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
hud.gov">Colette.Pollard@hud.gov or telephone 202-402-3400. 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 
Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A. The Federal Register notice that solicited public comment on 
the information collection for a period of 60 days was published on 
September 1, 2015 at 80 FR 52781.

A. Overview of Information Collection

    Title of Information Collection: FHA Lender Approval, Annual 
Renewal, Periodic Updates and Required Reports by FHA-Approved Lenders.
    OMB Approval Number: 2502-0005.
    Type of Request: Revision of currently approved collection.
    Form Number: Online Application for Lender Approval (previously 
HUD-92001-A) and Annual Certification.
    Description of the need for the information and proposed use: The 
Secretary of the Department of Housing and Urban Development is 
authorized to insure lenders and mortgagees against the risk of loss in 
connection with certain mortgages under Titles I and II of the National 
Housing Act, 12 U.S.C. 1702 et seq. The Secretary is also authorized to 
prescribe criteria for approval of these lenders and mortgagees to 
participate in the Department's insured housing programs, including 
certain statutory and regulatory eligibility requirements set forth in 
12 U.S.C. 1702(d)(2) and 24 CFR 202.5. See 12 U.S.C. 1702 et seq. and 
42 U.S.C. 3535(d). Criteria for approval to become a Title I and/or 
Title II Mortgagee are specified in 24 CFR 202 and HUD Handbook 4000.1. 
Once approved, FHA lenders must provide additional information on an 
annual basis and within specified timeframes of certain events or 
business changes in order to maintain their FHA approval. Lenders 
already approved by FHA submit this information annually using the 
Lender Electronic Assessment Portal (LEAP), which is accessed via FHA 
Connection. Prospective lender applicants submit this information 
electronically using the Online Application for Lender Approval, which 
is accessed via the hud.gov Web site. The information is used by FHA to 
verify that lenders meet all approval and eligibility requirements. It 
is also used to assist FHA in managing its financial risks and to 
protect consumers from lender noncompliance with FHA regulations. 
Proposed revisions to the annual certification statements included in 
FHA's Lender Electronic Assessment Portal (LEAP) and the initial 
certification statements included in FHA's Online Application for 
Lender Approval, as well as HUD's responses to comments received from 
the 60-day notice, are available on HUD's Web site at: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/SFH_policy_drafts.
    Respondents: Regulatory or compliance.
    Estimated Number of Respondents: 3,115.
    Estimated Number of Responses: 13,260.
    Frequency of Response: Annual/Periodic.
    Average Hours per Response: 1.00 hour.
    Total Estimated Burdens: 13,320 hours.

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

[[Page 13817]]

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 10, 2016.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2016-05779 Filed 3-14-16; 8:45 am]
BILLING CODE 4210-67-P