Real Estate Settlement Procedures Act (RESPA) Disclosures

ICR 200608-2502-007

OMB: 2502-0265

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2006-09-19
Supplementary Document
2006-08-31
IC Document Collections
ICR Details
2502-0265 200608-2502-007
Historical Active 200307-2502-006
HUD/OH
Real Estate Settlement Procedures Act (RESPA) Disclosures
Extension without change of a currently approved collection   No
Regular
Approved without change 11/29/2006
Retrieve Notice of Action (NOA) 09/19/2006
  Inventory as of this Action Requested Previously Approved
11/30/2009 36 Months From Approved 11/30/2006
154,646,000 0 129,980,000
11,238,680 0 9,672,400
219,340,000 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, an Annual Escrow Account Statement, an Escrow Account Disbursement Disclosure, an Affiliated.....

US Code: 12 USC 2601 Name of Law: RESPA
  
None

Not associated with rulemaking

  71 FR 125 06/29/2006
71 FR 180 09/18/2006
Yes

1
IC Title Form No. Form Name
Real Estate Settlement Procedures Act (RESPA) Disclosures HUD 1, HUD-1 Settlement Statement ,   Instructions for HUD-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 154,646,000 129,980,000 0 0 24,666,000 0
Annual Time Burden (Hours) 11,238,680 9,672,400 0 0 1,566,280 0
Annual Cost Burden (Dollars) 219,340,000 0 0 0 219,340,000 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Ivy Jackson 202 708-0502

  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.
09/19/2006


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