Assistance Payment Contract - Notice of (1) Termination, (2) Suspension, or (3) Reinstatement

ICR 200903-2502-001

OMB: 2502-0094

Federal Form Document

Forms and Documents
ICR Details
2502-0094 200903-2502-001
Historical Active 200601-2502-001
HUD/OH
Assistance Payment Contract - Notice of (1) Termination, (2) Suspension, or (3) Reinstatement
Extension without change of a currently approved collection   No
Regular
Approved without change 04/24/2009
Retrieve Notice of Action (NOA) 03/17/2009
  Inventory as of this Action Requested Previously Approved
04/30/2012 36 Months From Approved 04/30/2009
80 0 100
60 0 75
0 0 0

The Section 235 Program makes payments to lenders on behalf of qualified mortgagors. Information provided documents the conditions for termination, suspension, or reinstatement of the assistance payment contract for Section 235 mortgages.

None
None

Not associated with rulemaking

  73 FR 229 11/26/2008
74 FR 42 03/05/2009
No

  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 80 100 0 0 -20 0
Annual Time Burden (Hours) 60 75 0 0 -15 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
No new 30-year mortgages have been written under this program since 1986. This information collection is required to service those loans still outstanding. Due to conditions in the banking industry, particularly acquisitions and mergers, the number of respondents servicing these mortgages has significantly decreased. As properties are sold or refinanced, and the mortgages retired, the number of mortgages on which the respondents report has also decreased. The number of respondents in this submission is based on HUD’s experience in the last year. This resulted in a decrease in the number of respondents from 50 to 40. The previous submission did not include burden hours for the required notices to the borrower. That inclusion represents 40 burden hours annually.

$250
No
No
Uncollected
Uncollected
No
Uncollected
Robert Juenger 202 708-1672

  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.
03/17/2009


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