FR Doc E9-23710

[Federal Register: October 1, 2009 (Volume 74, Number 189)]
[Notices]
[Page 50813-50815]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01oc09-105]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5285-N-30]

Emergency Comment Request; Notice of Proposed Information
Collection for Public Comment; FHA Lender Approval, Annual Renewal,
Periodic Updates and Noncompliance Reporting by FHA Approved Lenders

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice of proposed information collection.

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SUMMARY: The proposed information collection requirement described
below has been submitted to the Office of Management and Budget (OMB)
for emergency review and approval, as required by the Paperwork
Reduction Act. The Department is soliciting public comments on the
subject proposal.

DATES: Comments Due Date: October 15, 2009.

ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments must be received within seven (14) days from
the date of this Notice. Comments should refer to the proposal by name/
or OMB approval number) and should be sent to: Ross A. Rutledge, HUD
Desk Officer, Office of Management and Budget, New Executive Office
Building, Washington, DC 20503; e-mail: Ross_A._Rutledge@omb.eop.gov;
fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Lillian L. Deitzer, Reports Management
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh
Street, SW., Washington, DC 20410; e-mail Lillian_L_Deitzer@HUD.gov;
telephone (202) 708-2374. This is not a toll-free number. Copies of
available documents submitted to OMB may be obtained from Ms. Deitzer.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S.
Department of Housing and Urban Development (HUD) has submitted to OMB,
for emergency processing, an information collection package with
respect to implement statutory changes related to FHA approved lenders
contained in Section 203 of the ``Helping Families Save Their Homes Act
of 2009'' (Pub. L. 111-22) (the HFSH Act). The HFSH Act establishes:
(1) Additional ineligibility criteria for FHA-approved lenders and
mortgagees including any officer, partner, director, principal,
manager, supervisor, loan processor, loan underwriter, or loan
originator of the applicant seeking FHA lender approval or any
currently approved FHA lender; (2) new reporting requirements if
individual employees of the lender are subject to any sanction or any
other administrative action, including if there is a revocation of a
State-issued mortgage loan originator license issued pursuant to the
S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their
business name as registered with FHA in all of their marketing
materials.
This 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: FHA Lender Approval, Annual Renewal, Periodic
Updates and Required Reports from FHA Approved Lenders.
OMB Control Number, if applicable: 2502-0005.
Description of the need for the information and proposed use: This
information is required for: (1) FHA lender approval, (2) Annual
renewal of each FHA lender's approval, (3) Updates to a FHA lender's
approval and (4) Various reports from FHA lenders.

Agency Form Numbers, if Applicable
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HUD-92001-A............................ FHA Lender Approval Application
Form
HUD-92001-B............................ FHA Branch Registration Form
HUD-92001-C............................ Conversion of Existing FHA
Lender Approval Type
Application Form
HUD 92001-D Previously HUD-92001-C..... Title I Loan Noncompliances
Report
HUD-92001-E............................ Application Fee Cover Sheet for
Title I Approvals
HUD-92001-F............................ Application Fee Cover Sheet for
Title II Approvals
HUD-92001-LC........................... FHA Loan Correspondent
Application Approval Form
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[[Page 50814]]

Estimation of the Total Numbers of Hours Needed To Prepare the Information Collection Including Number of Respondents, Frequency of Response, and Hours
of Response
[Information collection burden for 2502-0005]
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Total Total
Item No. Information collection Number of annual Hours per annual Cost per Total
respondents responses response hours hour annual cost
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A.......................................... Non-online submission of HUD- 400 400 2.00 800 $47 $37,600
92001-A Application for FHA
Lender Approval.
B.......................................... Online submission of HUD- ........... ........... .50 ........... 47 ...........
92001-A Application for FHA
Lender Approval (Currently
under development).
C.......................................... Non-online submission of HUD- 1,800 1,800 2.00 3,600 47 169,200
92001-LC Application for FHA
Loan Correspondent Approval.
D.......................................... Non-online submission of HUD- 200 200 2.00 400 47 18,800
92001-C Application for
Conversion of Existing FHA
Lender Approval Type.
E.......................................... Non-online Submission of HUD- ........... 500 .50 250 47 11,750
92100-B Application for
Registration of New Branch
(including attachments).
F.......................................... Online Registration of New ........... 2,000 .10 200 47 9,400
Branches via FHA Connection.
G.......................................... Non-online Submission of HUD- ........... 100 1.00 100 47 4,700
92001-D Reporting of Title I
Loan Non-Compliance.
H.......................................... Online Submission of ........... 4,800 .15 720 47 38,840
Reporting of Title II Loan
Non-Compliance.
I.......................................... Non-online submission of HUD- ........... 2,400 .05 120 47 5,640
92001-E and 92001-F Cover
Sheets for Title I and Title
II Lender Approval
Applications or Conversion
Fee Payment.
J.......................................... Online Application Fee ........... ........... .05 ........... ........... ...........
Payment for Title I or Title
II Lender Approval or
Conversion (currently under
development).
K.......................................... Non-online submission of HUD ........... 500 .05 25 47 1,175
92001-E and 92001-F Cover
Sheets for Title I and Title
II Branch Fee Payment.
L.......................................... Online Branch Registration ........... 2,000 .05 100 47 4,700
Fee for Title I or Title II
Branches.
M.......................................... Online Annual Certification 14,000 14,000 .10 1,400 47 65,800
Report for all Title I and
Title II approved lenders
and loan correspondents.
N.......................................... Online Submission of Annual ........... 11,000 3.00 33,000 47 1,510,000
Audited Financial Statements
using the Lender Assessment
SubSystem via FHA Connection
by Title I and Title II
Nonsupervised Lenders,
Supervised Lenders and
Nonsupervised Loan
Correspondents.
O.......................................... Online payment of annual ........... 13,800 .05 690 47 32,430
renewal fee by all FHA
Lenders except Government
Lenders.
P.......................................... Online Termination of ........... 4,000 .05 200 47 9,400
Existing Branch by all
lenders.
Q.......................................... Online Business Changes of a ........... 5,000 .25 1250 47 58,750
Lender.
R.......................................... Non-Online Business Changes ........... 4,000 .50 2,000 47 94,000
of a Lender.
S.......................................... Non-online Credit Watch ........... 20 8.00 160 47 7,520
Termination Reinstatement
Requests.
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Totals................................. ............................. ........... 66,520 ........... 45,015 47 2,115,705
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[[Page 50815]]

Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35, as amended.

Dated: September 24, 2009.
Lillian L. Deitzer,
Departmental Reports Management Officer, Office of the Chief
Information Officer.
[FR Doc. E9-23710 Filed 9-30-09; 8:45 am]

BILLING CODE 4210-67-P