The existing
RESPA information collection requirements are approved for use.
However, the information collection requirements contained in the
recent RESPA NPRM, which were not submitted for OMB review, are not
approved for use under this OMB control number.
Inventory as of this Action
Requested
Previously Approved
09/30/1990
09/30/1990
3,470,000
0
0
867,501
0
0
0
0
0
SECTION 5 OF THE REAL ESTATE
SETTLEMENT PROCEDURES ACT (RESPA) REQUIRE LENDERS TO PROVIDE
BORROWERS A GOOD FAITH ESTIMATE OF SETTLEMENT COSTS SECTION 8
REQUIRES SETTLEMENT AGENTS TO PROVIDE BORROWERS AND SELLERS A HUD-1
WHICH SETS FORTH ALL SETTLEMENT COSTS.
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.