OMB will
reinstate all forms currently being used: HUD Forms 92001, 92001A,
92001B,92001C,92001D, 92001E & 92001-V. HUD shall not make
revisions to the above listed forms that reflect information
collection changes associated with the proposed rule. Not Approved.
Comments Filed. OMB does not approve the collection of information
in the proposed rule. OMB has filed the following comments 1)
Pursuant to 5 CFR 1320.4(b)(1), HUD shall ensure that the collectio
of info. associated with the application for approval as a
mortgagee is the least burdensome necessary. In particular, HUD
shall discuss the costs and burden associated with changes in the
Direct Endorsement Process (Section 203.5). HUD shall provide in
greater detail an analys of the costs associated with imposing new
collection requirements on loan correspondents. 2) Pursuant to 5
CFR 1320.4, HUD shall publish the required burden hour disclosure
statement on HUD Forms 921001A-D. 3) In its next submission, HUD
shall discuss whether the proposed new Mortgagee Approval system
requires mortgagees to maintain data in any other format in which
the information is currently maintained. 4) Finally, HUD shall
summarize the public comments associated with th information
collection portions of the proposed rule and address these comments
in its next submission.
Inventory as of this Action
Requested
Previously Approved
07/19/1991
06/30/1991
0
0
4,920
0
0
2,957
0
0
0
MORTGAGEE INSURED PROGRAMS/LENDING
INSTITUTIONS ELIGIBILITY CRITERIA. TO QUALIFY FOR PARTICIPATION IN
THESE HUD PROGRAMS, LENDERS ARE REQUIRED TO FILE WITH THE
DEPARTMENT AN APPLICATION WITH SUPPORTING EXHIBITS. THE PROPOSED
RULE WOULD REVISE SOME OF THE REQUIREMENTS FOR MORTGAGEE APPROVAL.
HOWEVER, THE BURDEN TIME TO PREPARE THESE FORMS WILL NOT
CHANGE.
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.