INSURANCE OF ADJUSTABLE RATE MORTGAGES

ICR 198802-2502-002

OMB: 2502-0322

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
144415
Migrated
ICR Details
2502-0322 198802-2502-002
Historical Active 198507-2502-003
HUD/OH
INSURANCE OF ADJUSTABLE RATE MORTGAGES
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 03/28/1988
Retrieve Notice of Action (NOA) 02/18/1988
  Inventory as of this Action Requested Previously Approved
01/31/1991 01/31/1991
20,000 0 0
1,400 0 0
0 0 0

P.L. 98-181 REQUIRES LENDERS TO FURNISH TO THE BORROWER A DISCLOSURE STATEMENT STATING THAT THE INTEREST RATE ON THE MORTGAGE MAY CHANGE, IDENTIFYING THE INDEX USED, THE FREQUENCY OF ADJUSTMENTS AND PROVIDE A HYPOTHETICAL PAYMENT SCHEDULE SHOWING INCREASES OVER THE FIRST FIVE YEARS. AN ANNUAL DISCLOSURE OF INTEREST RATE ADJUSTMENT IS ALSO REQUIRED.

None
None


No

1
IC Title Form No. Form Name
INSURANCE OF ADJUSTABLE RATE MORTGAGES

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 20,000 0 0 0 20,000 0
Annual Time Burden (Hours) 1,400 0 0 0 1,400 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
02/18/1988


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