Approved by OMB
under the following conditions: 1) In its next printing of the
forms associated with this package (form HUD 59100, 92900,92004-WS,
92900-G), HUD shall publish the required burden hour disclosure
statement, OMB approval number and expiration date, pursuan to the
Paperwork Reduction Act (5 CFR Part 1320). The public shall not
that "no person shall be subject to any penalty for failure to
comply with any collection of information that does not display a
currently valid OMB approval number." 2) HUD shall discuss methods
to reduce the burden placed upon mortgagees to refinance Section
238 Mortgages. In particular, HUD shall address any comments by the
public on ways to improve the efficiency of this information
collection, such as the use of computer systems or electronic
filing directly with mortgagees, eve even if there is a lack of
uniformity. The burden hours associated with this information
collection have been adjusted upward because HUD's estimate of 16
minutes to complete 12 forms seems too low. HUD can resubmit this
information collection at any time with a better justification of
the burden hours associated with the 12 separate information
collections. HUD shall categorize the various types of cases and
provide a more detailed burden hour descriptions as per type of
refinancing case.
Inventory as of this Action
Requested
Previously Approved
01/31/1994
01/31/1994
38,000
0
0
58,780
0
0
0
0
0
THE DEPARTMENT IS IMPLEMENTING SECTION
235(R) OF THE NATIONAL HOUSING ACT (AS AMENDED BY SECTION 125 OF
THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REFORM ACT OF 1989
THAT ALLOWS THE SECRETARY TO INSURE MORTGAGES THAT REFINANCE
SECTION 235 MORTGAGES. THE DEPARTMENT' GOAL IS TO REDUCE THE
FEDERAL SUBSIDY.
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.