Request for Credit Approval of Substitute Mortgagor

ICR 200509-2502-002

OMB: 2502-0036

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
26993 Migrated
ICR Details
2502-0036 200509-2502-002
Historical Active 200209-2502-005
HUD/OH
Request for Credit Approval of Substitute Mortgagor
Extension without change of a currently approved collection   No
Regular
Approved without change 11/09/2005
Retrieve Notice of Action (NOA) 09/12/2005
  Inventory as of this Action Requested Previously Approved
11/30/2008 11/30/2008 11/30/2005
2,400 0 10,000
2,400 0 10,000
0 0 0

A buyer may assume an FHA-insured mortgage by becoming the substitute mortgagor through the credit approval process. Prior to releasing a seller from liability on the mortgage note or for mortgages after December 15, 1989, HUD or a Direct Endorsement (DE) lender must review the credit of the assumer and record the approval.

None
None


No

1
IC Title Form No. Form Name
Request for Credit Approval of Substitute Mortgagor HUD-92210, HUD-92210.1

  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 2,400 10,000 0 0 -7,600 0
Annual Time Burden (Hours) 2,400 10,000 0 0 -7,600 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.
09/12/2005


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