Direct Single Family Housing Loan and Grant Programs, 7 CFR 3550 - HB-1-3550, and HB-2-3550

Forms and Documents

Document Name	Status
Form RD 1944-62 7 CFR 3550 - Direct Single Family Housing Loan and Grant Programs, HB-1-3550, and HB-2-3550 Form	Modified
Form RD 3550-01 7 CFR 3550 - Private Sector Form	New
3550GRID05.xls Supplementary Document	2007-02-09
SuptStmt 0172 version 2.doc Supporting Statement A	2007-08-14
Justification for Change.doc Justification for No Material/Nonsubstantive Change	2006-12-22

IC Document Collections

IC ID	Document Title	Status
2019	7 CFR 3550 - Direct Single Family Housing Loan and Grant Programs, HB-1-3550, and HB-2-3550 Form	Modified
178650	7 CFR 3550 - Private Sector Form	New

ICR Details

OMB Control No: 0575-0172	ICR Reference No: 200702-0575-002
Status: Historical Active	Previous ICR Reference No: 200610-0575-004
Agency/Subagency: USDA/RHS	Agency Tracking No:
Title: Direct Single Family Housing Loan and Grant Programs, 7 CFR 3550 - HB-1-3550, and HB-2-3550
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/14/2007
	Date Received in OIRA: 02/20/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2010	36 Months From Approved	02/28/2009
Responses	1,728,587	0	1,713,276
Time Burden (Hours)	576,325	0	454,529
Cost Burden (Dollars)	0	0	0

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Abstract: The information collected in this package will be to assist individuals in obtaining affordable housing, a borrower’s house payment may be subsidized to an interest rate as low as 1%. The amount of subsidy is based on the borrower’s household income. The information requested by RHS is vital to be able to process applications for RHS assistance and make prudent credit and program decisions. It includes borrower’s financial information such as household income, assets and liabilities and monthly expenses. Without this information the Agency would be unable to determine if a borrower would qualify for services or if assistance has been granted to which the customer would not be eligible under current regulations and statutes.

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Authorizing Statute(s): PL: Pub.L. 102 - 550 501, 502 & 504 Name of Law: Title V of the Housing Act of 1949, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
0575-AC54	Final or interim final rulemaking	72 FR 23	02/05/2007

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 43	03/06/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 43	03/06/2006
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
7 CFR 3550 - Direct Single Family Housing Loan and Grant Programs, HB-1-3550, and HB-2-3550	RD 3550-06, RD 3550-04, RD 3550-30, RD 1955-45, RD 3550-21, RD 1951-34, RD 1955-01, RD 1955-42, RD 3550-01, RD 3550-10, RD 3550-22, RD 1955-46, RD 3550-02, RD 3550-07, RD 3550-09, RD 3550-11, RD 3550-20, RD 3550-23, RD 3550-15, RD 3550-18, RD 3550-12, RD 1944-62, RD 1944-B6	Request for Verification of Deposit ,   Deferred Payment Computation ,   Offer to Convey Security ,   Open Real Property Master Listing Agreement ,   Standard Sales Contract Sale of Property by the United States ,   Invitation, Bid, and Acceptance Sale of Real Prpoerty by the United States ,   Authorization to Release Information ,   Request for Verification of Gift/Gift Letter ,   Employment Certification ,   Funding Commitment ,   Initial Escrow Account Disclosure Statement ,   Condominium Rider ,   Planned Unit Development Rider ,   Subsidy Repayment Agreement ,   Tax Information ,   Reamortization Agreement ,   Application for Settlement of Indebtedness ,   Rural Housing Service Payment Subsidy Renewal Certification ,   Assumption Agreement Single Family Housing ,   Applicant Orientation Guide ,   Direct Payment Change Plan ,   Notice of Special Flood Hazards, Flood Insurance Purchase Requirements, and Availability of Federal Disaster Relief Assistance ,   Verification of Debt Proposed for Refinancing
7 CFR 3550 - Private Sector	RD 3550-10, RD 3550-20, RD 1951-34, RD 3550-22, RD 3550-07, RD 3550-06, RD 3550-09, RD 3550-04, RD 3550-01, RD 3550-11, RD 3550-12, RD 3550-23, RD 1944-62, RD 3550-18, RD 1955-01, RD 1955-42, RD 1955-46, RD 1955-45, RD 3550-15, RD 3550-21, RD 3550-02	Authorization to Release Information ,   Request for Verification of Gift/Gift Letter ,   Employment Certification ,   Notice of Special Flood Hazard... ,   Mortageg Loan Commitment ,   Initial Escrow Account Disclosure Statement ,   Condominium Rider ,   Planned Unit Development Rider ,   Subsidy Repayment Agreement ,   Applicant Orientation Guide ,   Request for Verification of Deposit ,   Reamortization Agreement ,   Offer to Convey Security ,   Open Real Property Master Listing Agreement ,   Invitation, Bid and Accpetance - Sale of Real Property ,   Standard Sales Contract - Sale of Real Property ,   Tax Information ,   Application for Settlement of Indebtedness ,   Assumption Agreement ,   Payment Subsidy Renewal Certification ,   Dirct Payment Change Plan

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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	1,728,587	1,713,276	0	0	15,311	0
Annual Time Burden (Hours)	576,325	454,529	0	121,768	28	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: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This final rule is adopting homeownership education requirements resulting in a program change increase of 121,768 burden hours. There is an adjustment increase of 28 hours comprised of 18 hours for previously approved form 3550-30 and 10 hours to correct an error in OMB's inventory hours.

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Annual Cost to Federal Government: $105,290,364

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: 02/20/2007

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