Survey to Determine the Utility of Proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement

Forms and Documents

Document	Type	Status	Availability

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Collection	Type	Status	Form
27621	Survey to Determine the Utility of Proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement		Migrated

ICR Details

OMB Control No: 2528-0225	ICR Reference No: 200211-2528-003
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: HUD/PD&R	Agency Tracking No:
Title: Survey to Determine the Utility of Proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/22/2002
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/02/2002
	Date Received in OIRA: 11/15/2002
Terms of Clearance: Approved consistent with changes detailed in revised submissions. HUD is cleared to collect data from the first 3 sites with this approval, but must come back to OMB with the revised protocol for later investigations of the GFE and GMPA, including cross- walks between those forms and the HUD-1. HUD is commended for their thorough study of the new forms in order to allow consumers the most understandable documents under the RESPA reform efforts. Burden hours are changed to include only the first round of testing (at the initial 3 sites). HUD should include the burden from the other round of testing in the next submission.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2003	05/31/2003
Responses	45	0	0
Time Burden (Hours)	101	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This data collection is to test newly redesigned forms used for real estate settlements with new and experienced homebuyers. The Good Faith Estimate (GFE) and the Guaranteed Mortgage Package Agreement (GMPA) forms will presented to 75 subjects to determine how well they can use and understand them. A crosswalk between these forms and the HUD-1 will also be tested. The testing of the forms will take place in five cities in two rounds. The forms will be modified based on the results of the testing between the rounds.

Emergency Justfication:

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Survey to Determine the Utility of Proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement

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ICR Summary of Burden

	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	45	0	0	45	0	0
Annual Time Burden (Hours)	101	0	0	101	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/15/2002

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