HUD will
incorporate public comments for the final submission.
Inventory as of this Action
Requested
Previously Approved
11/30/2009
36 Months From Approved
11/30/2009
154,646,000
0
154,646,000
11,238,680
0
11,238,680
0
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.....
The Department is adjusting the
previous estimate of 11,000,000 loans per year to 12,500,000 loans
per year, resulting in increased burden hours. The adjustment is
based on research conducted through the Federal National Mortgage
Association (FNMA), a housing Government Sponsored Enterprise
(GSE). This rule change will not increase the number of required
responses. Changes in the number of responses, in all categories,
are related to adjustments due to market changes, not program
changes. Responses previously required through the Acknowledgement
of Probable Transfer of Loan Servicing Disclosure will no longer be
required. The information that was on the Acknowledgement of
Probable Transfer of Loan Servicing Disclosure form will now be
included on the Servicing Disclosure Statement which will be handed
to borrowers with the GFE. The Servicing Disclosure Statement will
not appreciably increase the burden of completing the GFE. The
program change in line 13(f) is more fully explained in
justification 12.
$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.