Notice of Proposed Information Collection for Public Comment

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of General Counsel

[Docket No. FR-3950-N-03]

Notice of Proposed Information Collection for Public Comment

AGENCY: Office of General Counsel, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described

below will be submitted to the Office of Management and Budget (OMB)

for review, as required by the Paperwork Reduction Act. The Department

is soliciting public comments on the subject proposal.

DATES: Comments due: February 20, 1996. Comments must be received

within sixty (60) days from the date of this Notice.

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: Reports Liaison Officer, Office

of General Counsel, Department of Housing and Urban Development, 451

7th Street, SW, Room 10245, Washington, DC 20410.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed

information collection to OMB for review, as required by the Paperwork

Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).

The Notice is soliciting comments from members of the public and

affected agencies concerning the proposed collection of information in

order 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,

particularly through the use of appropriate automated collection

techniques or other forms of information technology, e.g., permitting

electronic submission of responses.

Discrimination of Information Collection

Each party seeking designation as a foreclosure commissioner must

submit the current information in writing (facsimiles are not

acceptable), as listed below, to HUD's Field Assistant General Counsel

serving the geographic area (there are ten such areas) in which the

party proposes to serve as commissioner.

1. Name.

2. Business Address.

3. Geographic area in which the applicant wishes to conduct

foreclosures. (List only States or areas in States in which the

applicant is a resident or is duly authorized to transact business.)

4. If the applicant is not a natural person, the names and business

addresses of the people who would actually perform the commissioner's

duties.

5. Description of the applicant's experience in conducting mortgage

foreclosures or in related activities

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which would qualify the applicant to serve as a foreclosure

commissioner.

6. Evidence of the applicant's financial responsibility.

Note: Any party that has been designated as a foreclosure

commissioner for HUD-held multifamily mortgages may submit a letter

to the appropriate Field Assistant General Counsel and request

designation as a single family foreclosure commissioner. This letter

of interest would be acceptable in lieu of the preceding

information, unless any information requires updating.

Additional Information

Title of Proposal: Notice of Application for Designation as Single

Family Foreclosure Commissioner.

OMB Control Number, if applicable: Not applicable.

Description of the need for the information and proposed use: Under

the Single Family Mortgage Foreclosure Act of 1994 (12 USC 3751 et

seq.), the ``Act,'' HUD will be able to foreclose on HUD-held single

family mortgage loans in about two months instead of the much longer

periods--ranging up to two years--currently required under some State

laws. The current long periods lead to increased holding costs and

vandalism on the mortgaged properties. HUD holds thousands of loans

that are eligible for foreclosure. The requested information is needed

for HUD's selection of foreclosure commissioners who will satisfy the

statutory requirements (Section 3754(c) of the Act) to be

``responsible, financially sound, and competent to conduct a

foreclosure.''

Agency form numbers, if applicable: None.

Members of affected public: Persons and other entities that want to

apply to serve as foreclosure commissioners for the Department of

Housing and Urban Development.

Estimation of the total numbers of hours needed to prepare the

information collection, including number of respondents, frequency of

response, and hours of response:

Respondents: Approximately 250 in the first year and 50 each year

thereafter.

Frequency of Submission: Once for each of HUD's ten geographic

areas of the country. Probably very few respondents will apply to more

than one HUD geographic area.

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Each

Reporting burden First following

year year

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Number of respondents............................... 250 50

Total burden hours (@ 0.5 hour per response)........ 125 25

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Total estimated burden hours: 175 (first three years)

Status of the proposed information collection: This is a new

collection.

Contact persons and telephone numbers (these are not toll-free

numbers) for copies of available documents: Bruce S. Albright,

Assistant General Counsel, Single Family Mortgage Division, (202) 708-

0303; Evelyn M. Wrin, Attorney-Advisor, Single Family Mortgage

Division, (202) 708-3082.

Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.

Chapter 35, as amended.

Dated: December 8, 1995.

Nelson A. Diaz,

General Counsel.

[FR Doc. 95-30826 Filed 12-19-95; 8:45 am]

BILLING CODE 4210-01-M