The SFPCS-P is used to collect monthly
mortgage insurance premiums (MIP) from mortgagees. The Credit
Reform Act of 1990 requires FHA to report case level mortgage
insurance payment information for each endorsement. In addition, 24
CFR 203.264 requires mortgagees to pay monthly MIP's, and 24 CFR
203.269 requires that the MIP's be remitted
electronically.
The burden estimate has been
recalculated and corrected to better represent information
processing conditions. Information on the number of respondents and
responses is based on actual HUD data for the past year.
$0
No
No
Uncollected
Uncollected
No
Uncollected
henry Hodges 2024022833
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.