82 FR 27857 - 30-Day Notice of Proposed Information Collection: HUD Conditional Commitment/Direct Statement of Appraised Value

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 82, Issue 116 (June 19, 2017)

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 30 days of public comment.

[Federal Register Volume 82, Number 116 (Monday, June 19, 2017)]
[Notices]
[Pages 27857-27858]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12687]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5997-N-22]


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

AGENCY: Office of the Chief Information Officer, 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 30 days of public comment.

DATES: Comments Due Date: July 19, 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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax:202-395-5806, Email: OIRA [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 [email protected], or 
telephone 202-402-3400. This is not a toll-free number. Person 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 
December 20, 2016 at 81 FR 92839.

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 of currently approved.
    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

[[Page 27858]]

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 Burden: 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: May 23, 2017.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2017-12687 Filed 6-16-17; 8:45 am]
 BILLING CODE 4210-67-P