7 CFR 1927-B, “REAL ESTATE TITLE CLEARANCE AND LOAN CLOSING”
1/07
Section of Regulation |
Title |
Form No. (if any) |
Estimated No. of Respondents |
Reports Filed Annually |
Total Annual Responses (D) x (E) |
Estimated No. of Man-hours per response |
Estimated Total Man-hours (F) x (G) |
Wage Class |
Total Cost (H) x (I) |
|||
(A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
|||
REPORTING REQUIREMENTS - NO FORMS |
||||||||||||
1927.55 (c) |
RD Guide Letter 1927-B-1 |
3,325 |
on occasion |
3,325 |
0.08 |
266 |
$13.86 |
3,687 |
||||
REPORTING REQUIREMENTS - FORMS APPROVED IN THIS DOCKET |
||||||||||||
1927.58 (d) (1) |
Affidavit Regarding Work of Improvement |
1927-5 |
9,533 |
on occasion |
9,533 |
0.17 |
1.621 |
13.86 |
22,467 |
|||
1927.57 (d) (5) |
Agreement with Prior Lienholder |
1927-8 |
5,260 |
on occasion |
5,260 |
0.08 |
421 |
92.40 |
38,900 |
|||
1927.55 (d) |
Preliminary Title Opinion |
1927-9 |
3,525 |
on occasion |
3,525 |
1.50 |
5,288 |
92.40 |
488,611 |
|||
1927.58 (h) |
Final Title Opinion |
1927-10 |
3,525 |
on occasion |
3,525 |
0.33 |
1,163 |
92.40 |
107,461 |
|||
1927.57 (a) |
Warranty Deed (state), Joint Tenants |
1927-11 |
4,988 |
on occasion |
4,988 |
0.25 |
1,247 |
20.79 |
25,925 |
|||
1927.57 (a) |
Warranty Deed (state) |
1927-12 |
1,663 |
on occasion |
1,663 |
0.25 |
416 |
20.79 |
8,649 |
|||
1927.56 (b) |
Loan Closing Instructions/ Loan Closing Statement |
1927-15 |
6,650 |
on occasion |
6,650 |
0.50 |
3,325 |
92.40 |
307,230 |
|||
1927-56 (b)` |
Loan Closing Instructions/ Loan Closing Statement |
3550-25 |
17,000 |
|
17,000 |
0.50 |
8,500 |
92.40 |
785,400 |
|||
1927.56 (b) |
Notification of Loan Closing |
1927-16 |
18,410 |
on occasion |
18,410 |
0.08 |
1473 |
13.86 |
20,416 |
|||
1927.54 (b) & (c) |
Certification of Attorney |
1927-19 |
3,475 |
on occasion |
3,475 |
0.08 |
278 |
13.86 |
3,853 |
|||
1927.54 (a) & (d) |
Certification of Title Insurance Company |
1927-20 |
13,045 |
on occasion |
13,045 |
0.08 |
1,044 |
13.86 |
14,470 |
|||
TOTALS: 90,399 25,042 $1,827,069 |
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File Type | application/msword |
File Title | Section of |
Author | Sue Smith |
Last Modified By | gale.richardson |
File Modified | 2007-01-29 |
File Created | 2007-01-17 |