REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) SECTION 10, 24 CFR PART 3500 (REGULATION X)

ICR 199208-2502-001

OMB: 2502-0457

Federal Form Document

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ICR Details
2502-0457 199208-2502-001
Historical Active 199109-2502-004
HUD/OH
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) SECTION 10, 24 CFR PART 3500 (REGULATION X)
No material or nonsubstantive change to a currently approved collection   No
Emergency 08/12/1992
Approved with change 08/12/1992
Retrieve Notice of Action (NOA) 08/12/1992
  Inventory as of this Action Requested Previously Approved
06/30/1994 06/30/1994 06/30/1994
32,700,000 0 32,700,000
8,124,000 0 8,124,000
0 0 0

SECTION 942 OF P.L. 101-625 ADDS A NEW SEC 10(C)(1) AND SEC 10(C)(2) TO RESPA WHICH REQUIRES THE SERVICER OF A FEDERALLY RELATED MORTGAGE TO PROVIDE THE BORROWER WITH INITIAL AND ANNUAL ESCROW STATEMENT AND REQUIRES HUD TO PRESCRIBE A FORMAT FOR SUCH. SEC 10(B) REQUIRES THE SERVICER TO DISCLOSE ESCROW SHORTAGES. NOTICE PROVIDES INFORMATION ON SUCH.

None
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No

1
IC Title Form No. Form Name
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) SECTION 10, 24 CFR PART 3500 (REGULATION X)

  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 32,700,000 32,700,000 0 0 0 0
Annual Time Burden (Hours) 8,124,000 8,124,000 0 0 0 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.
08/12/1992


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