60-Day Notice of Proposed Information Collection: FHA Technology Open to Approved Lenders (TOTAL) Mortgage Scorecard

Federal Register, Volume 81 Issue 96 (Wednesday, May 18, 2016)

Federal Register Volume 81, Number 96 (Wednesday, May 18, 2016)

Notices

Page 31252

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2016-11742

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Docket No. FR-5913-N-10

60-Day Notice of Proposed Information Collection: FHA Technology Open to Approved Lenders (TOTAL) Mortgage Scorecard

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: July 18, 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: 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 Colette.Pollard@hud.gov 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: Kevin Stevens, 451 7th Street SW., Washington, DC 20410; email Kevin L. Stevens@hud.gov; or telephone 202-

402-2673. 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.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A.

1. Overview of Information Collection

   Title of Information Collection: FHA TOTAL Mortgage Scorecard.

   OMB Approval Number: 2502-0556.

   Type of Request: Extension of a currently approved collection.

   Form Number: N/A.

   Description of the need for the information and proposed use: The regulation mandating this collection can be found in the Code of Federal Regulations at 24 CFR 203.255(b)(5). This information is necessary to assure that lenders (and automated underwriting system (AUS) vendors) are aware of their obligations regarding use of the TOTAL Mortgage Scorecard and are certifying that they will comply with all pertinent regulations. It also allows FHA to request reports from lenders regarding their use of the scorecard, that they have implemented appropriate quality control procedures for using the scorecard, and provides an appeal mechanism should FHA take an action to terminate a lender's use of the scorecard.

   Respondents : Business or other for profit.

   Estimated Number of Respondents: 2709.

   Estimated Number of Responses: 100.

   Frequency of Response: On occasion.

   Average Hours per Response: .02.

   Total Estimated Burdens: 100.

2. 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 12, 2016.

   Janet M. Golrick,

   Associate General Deputy Assistant Secretary for Housing Associate Deputy Federal Housing Commissioner.

   FR Doc. 2016-11742 Filed 5-17-16; 8:45 am

   BILLING CODE 4210-67-P