1845-0053 Chart

Current Record			New Record
Application & Promissory Note			Application & Promissory Note
Respondents	221,000		Respondents	224,000 (+ 3,000)
Responses	x 1 (= 221,000 responses)		Responses	x 1 (= 224,000 responses) (+ 3,000)
Hours per response	x 1.0 (60 minutes)		Hours per response	x 1.0 (60 minutes)
Annual Reporting Burden Hours	221,000		Annual Reporting Burden Hours	224,000 (+ 3,000)
Verification Certificate			Verification Certificate
Respondents	7,000		Respondents	7,000 (no change)
Responses 1	x 95 (= 665,000 responses)		Responses 2	x 96 (= 672,000 responses) (+ 7,000)
Hours per response	x 0.15 (9 minutes)		Hours per response	x 0.15 (9 minutes)
Annual Reporting Burden Hours	99,750		Annual Reporting Burden Hours	100,800 (+ 1,050)
Request to Add Loans			Request to Add Loans
Respondents (5% of # of respondents for Application & Promissory Note)	11,050		Respondents (5% of # of respondents for Application & Promissory Note)	11,200 (+ 150)
Responses	x 1 (= 11,050 responses)		Responses	x 1 (= 11,200 responses) (+ 150)
Hours per response	x 0.17 (10 minutes)		Hours per response	x 0.17 (10 minutes)
Annual Reporting Burden Hours	1,879		Annual Reporting Burden Hours	1,904 (+ 25)
Total Respondents	239,050		Total Respondents	242,200 (+ 3,150)
Total Annual Responses	897,050		Total Annual Responses	907,200 (+ 10,150)
Total Annual Hours	322,629		Total Annual Hours	326,704 (+ 4,075)

¹ Average number of responses per respondent, calculated as follows:

Each Application & Promissory Note generates approximately 3 Verification Certificates: 221,000 x 3 = 663,000

There are approximately 7,000 loan holders/servicers: 663,000  7,000 = 94.714286, rounded up to 95.

² Average number of responses per respondent, calculated as follows:

Each Application & Promissory Note generates approximately 3 Verification Certificates: 224,000 x 3 = 672,000

There are approximately 7,000 loan holders/servicers: 672,000  7,000 = 96.