Survey to determine the utility of the proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement

ICR 200311-2528-003

OMB: 2528-0230

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
2528-0230 200311-2528-003
Historical Active
HUD/PD&R
Survey to determine the utility of the proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement
New collection (Request for a new OMB Control Number)   No
Emergency 11/25/2003
Approved with change 11/25/2003
Retrieve Notice of Action (NOA) 11/24/2003
Approved with changes to the race/ethnicity questions to bring them into compliance with OMB guidelines.
  Inventory as of this Action Requested Previously Approved
05/31/2004 05/31/2004
600 0 0
750 0 0
0 0 0

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 be persented to 600 subjects to determne 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 the week of December 8, 2003. The form will be modified based on the results of the testing between the rounds.

None
None


No

1
IC Title Form No. Form Name
Survey to determine the utility of the proposed RESPA Good Faith Estimate and Guaranteed Mortgage Package Agreement

  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 600 0 0 600 0 0
Annual Time Burden (Hours) 750 0 0 750 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
Yes Part B of Supporting Statement
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.
11/24/2003


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