The information
collection provisions associated with the NPRM for RESPA are not
approved at this time. HUD is examining public comment in response
to this NPRM. The preamble to the final rule will address how the
agency has addressed comments related to minimizing the burden of
this collection while maximizing its utility.
Inventory as of this Action
Requested
Previously Approved
09/30/2003
09/30/2005
09/30/2003
105,300,000
0
105,300,000
6,500,000
0
0
0
0
0
The Real Estate Settlement Procedures
Act of 1974, (RESPA), 12 U.S.C. 2601 et. seq., and the implementing
Regulation X, codified at 24 CFR 3500, require settlement providers
to give homebuyers certain disclosure information at and before
settlement and pursuant to the servicing of the loan and escrow
account. This includes a Special Information Booklet, a Good Faith
Estimate, an Initial Servicing Disclosure, the Form HUD-1 or Form
HUD-1A, and when applicable an Initial Escrow Account Statement,
and Annual Escrow Account Statement, an Escrow Account Disbursement
Disclosure, an Affiliated.......
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.
Real Estate Settlement Procedure Act (RESPA) Disclosures