Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects

Forms and Documents

Document Name	Status
Form HUD 2434 Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects Form and Instruction	Modified
83i 2502-0468_072909.docx Supporting Statement A	2009-08-05

IC Document Collections

IC ID	Document Title	Status
27213	Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0468	ICR Reference No: 200905-2502-006
Status: Historical Active	Previous ICR Reference No: 200602-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/07/2009
	Date Received in OIRA: 05/28/2009
Terms of Clearance: HUD is given the entire three year clearance for this collection. However, this collection should be entirely electronic the next time it comes to OMB for approval.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	08/31/2009
Responses	2,000	0	1,526
Time Burden (Hours)	1,050	0	917
Cost Burden (Dollars)	0	0	0

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Abstract: Mortgagees provide this information to certify that fees are within acceptable limits and the required escrows will be collected. HUD determines the reasonableness of the fees and uses the information in calculating the financial requirement for closing. The surety bond ensures a project has ample coverage regarding defects.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 46	03/11/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 101	05/28/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects	HUD 3259, HUD 2434	Mortgagee's Certificate ,   Surety Bond Against Defects

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ICR Summary of Burden

	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	2,000	1,526	0	0	474	0
Annual Time Burden (Hours)	1,050	917	0	0	133	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This information is based upon data requested on insured projects from MAP/TAP and inter-office discussions with Field Office Staff.

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Annual Cost to Federal Government: $47,341

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 05/28/2009

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