81 FR 92839 - 60-Day Notice of Proposed Information Collection: HUD Conditional Commitment/Statement of Appraised Value

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 244 (December 20, 2016)

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 81, Number 244 (Tuesday, December 20, 2016)]
[Notices]
[Pages 92839-92840]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30612]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5913-N-37]


60-Day Notice of Proposed Information Collection: HUD Conditional 
Commitment/Statement of Appraised Value

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: February 21, 2017.

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:  Cheryl Walker, Director, Home 
Valuation Policy Division, Department of Housing and Urban Development, 
451 7th Street SW., Washington, DC 20410; email at 
[email protected] or telephone 202-708-2121, x6880. 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.

[[Page 92840]]


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: HUD Conditional Commitment/Direct 
Endorsement Statement of Appraised Value.
    OMB Approval Number: 2502-0494.
    Type of Request: Revision.
    Form Number: HUD 92800.5b.
    Description of the need for the information and proposed use: 
Lenders must provide to loan applicants either a completed copy of form 
HUD-92800.5B, or a copy of the completed appraisal report, at or before 
loan closing. Form HUD 92800.5B serves as the mortgagee's conditional 
commitment/direct endorsement statement of value of FHA mortgage 
insurance on the property. The form provides a section for a statement 
of the property's appraised value and other required FHA disclosures to 
the homebuyer, including specific conditions that must be met before 
HUD can endorse a firm commitment for mortgage insurance. HUD uses the 
information only to determine the eligibility of a property for 
mortgage insurance.
    Respondents (i.e. affected public): Business.
    Estimated Number of Respondents: 1800.
    Estimated Number of Responses: 928,119.
    Frequency of Response: On occasion.
    Average Hours per Response: .12.
    Total Estimated Burdens: 111,374.

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: December 8, 2016.
Janet M. Golrick,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2016-30612 Filed 12-19-16; 8:45 am]
 BILLING CODE 4210-67-P