APPROVED. FORM
FHA 2210-1 IS NOT SUBJECT TO OMB APPROVAL UNDER THE PROVISIONS OF 5
CFR 1320.7(K)(1) BECAUSE IT ENTAILS NO BURDEN OTHER TH THAT
NECESSARY TO IDENTIFY THE RESPPONDENT,THE DATE, THE RESPONDENT'S
ADDRESS, AND THE NATURE OF THE INSTRUMENT.
Inventory as of this Action
Requested
Previously Approved
12/31/1986
12/31/1986
12/31/1983
1,000
0
1,000
1,000
0
2,000
0
0
0
BUYERS OF HOUSES MAY ASSUME A MORTGAGE
INSURED BY HUD. IN ORDER TO RELEASE THE SELLER FROM LIABILITY ON
THE NOTE, HUD MUST REVIEW THE CREDIT AND FINANCIAL HISTORY OF THE
ASSUMPTOR. HUD THEN AGREES TO THE SUBSTITUTION OF DEBTOR IF THE
MORTGAGEE WANTS TO PROCEED.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.