Mortgagees Annual Notification to Mortgagors

Forms and Documents

Document Name	Status
OMB 2502-0235.doc Supporting Statement A	2007-01-10

IC Document Collections

IC ID	Document Title	Status
27071	Reporting Requirements Associated with 24 CFR 203.508b and 24 CFR 235.1001 -- Providing Information	Modified

ICR Details

OMB Control No: 2502-0235	ICR Reference No: 200701-2502-005
Status: Historical Active	Previous ICR Reference No: 200310-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagees Annual Notification to Mortgagors
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/31/2007
	Date Received in OIRA: 01/18/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2010	36 Months From Approved	03/31/2007
Responses	4,003,880	0	5,499,507
Time Burden (Hours)	1,143	0	1,689
Cost Burden (Dollars)	0	0	0

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Abstract: Mortgagees must inform mortgagors of interest paid and taxes disbursed from the escrow account for income tax purposes. Servicing lenders must maintain a toll free number, and servicing personnel for mortgagors' enquiries. Mortgagees must provide interest accounting in such a way as to allow the homeowner to easily identify the amount of any subsidy HUD paid on behalf of the homeowner.

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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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 209	10/30/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 11	01/18/2007
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
Reporting Requirements Associated with 24 CFR 203.508b and 24 CFR 235.1001 -- Providing Information

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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	4,003,880	5,499,507	0	0	-1,495,627	0
Annual Time Burden (Hours)	1,143	1,689	0	0	-546	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The burden has decreased again since the last submission because of advanced technology; the processing of these annual statements are well under a minute. In addition, the number of respondents has decreased sharply due to mergers and consolidations and we expect the number of respondents to continue to decrease. The number of FHA insured loans has also diminished

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

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: 01/18/2007

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