AMENDMENT TO EXISTING OMB CLEARANCE PACKAGE (2502-0005) TO INCLUDE INFORMATION COLLECTION RELATING TO FULL /DISLCLOSURE IN WRITING OF THE LENDER'S (MORTGAGEE'S) POLICIES ON PRE....
ICR 198505-2502-002
OMB: 2502-0005
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0005 can be found here:
AMENDMENT TO EXISTING OMB
CLEARANCE PACKAGE (2502-0005) TO INCLUDE INFORMATION COLLECTION
RELATING TO FULL /DISLCLOSURE IN WRITING OF THE LENDER'S
(MORTGAGEE'S) POLICIES ON PRE....
WE ARE APPROVING
THIS RECORDKEEPING AND REPORTING REQUIREMENT, THOUGH WITH NO
ADDITIONAL BURDEN HOURS FOR THE "COMMITTMENT CORRESPONDENCE" RULE
BECAUSE THE RULE IS NOT A FINAL RULE. ONCE THE RULE GOES FINAL, HUD
IS TO RESUBMIT THIS CLEARANCE PACKAGE TO OMB INCLUDING ALL COMMENT
RECEIVED CONCERNING THE RECORDKEEPING AND REPORTING
REQUIREMENTS.
Inventory as of this Action
Requested
Previously Approved
06/30/1988
06/30/1988
03/31/1988
4,820
0
4,820
3,005
0
1,205
0
0
0
NEEDED TO ASSURE THAT BORROWERS
(MORTGAGORS) ARE ADVISED OF THE LENDER (MORTGAGEE'S) PREPAYMENT
POLICIES AND TO ASSURE THAT MORTGAGEES DO NOT COLLECT EXTRA
INTEREST BEYOND END OF THE MONTH IN WHIC PREPAYMENT IS
MADE.
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.