Troubled Asset Relief Program – Making Home Affordable Participants

Forms and Documents

Document	Type	Status	Availability
Housing_Application_Data_Supporting_Statement[1][1].docx	Supporting Statement A	Uploaded 2009-07-09	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
189860	Making Home Affordable - Participant Letter	Instruction	New
188587	Making Home Affordable Program - Phase 1	Instruction	Unchanged

ICR Details

OMB Control No: 1505-0216	ICR Reference No: 200907-1505-001
Status: Historical Active	Previous ICR Reference No: 200903-1505-007
Agency/Subagency: TREAS/DO	Agency Tracking No: TARP
Title: Troubled Asset Relief Program – Making Home Affordable Participants
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 07/10/2009
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/09/2009
	Date Received in OIRA: 07/09/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	09/30/2009	09/30/2009
Responses	4,345	0	4,320
Time Burden (Hours)	199,005	0	198,880
Cost Burden (Dollars)	0	0	0

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Abstract: Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program. Among these components is a voluntary foreclosure prevention program – Making Home Affordable (MHA) program, under which the Department will use TARP capital to lower the mortgage payments of qualifying borrowers. The Treasury will do this through agreements with mortgage servicers to modify loans on their systems. All servicers are eligible to participate in the program

Emergency Justfication: The Department of Treasury requests emergency approval for this collection activity. The collection of information is needed to fulfill Treasury’s responsibilities under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343; approved October 3, 2008. Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because of the current uproar in the financial markets and the immediate need for this application.

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Authorizing Statute(s): PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008

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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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Making Home Affordable Program - Phase 1
Making Home Affordable - Participant Letter

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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	4,345	4,320	25	0	0	0
Annual Time Burden (Hours)	199,005	198,880	125	0	0	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: Treasury will send a letter to a small group of program participants with suggested steps that their organization should take in order to ensure effective implementation and compliance, and ask that they respond to the suggestions. Similarly, Treasury will invite the participants to provide suggestions on ways that we can improve program design. This will be a one-time collection from 25 participants, at an estimated 5 hours per response, for a total of 125 hours.

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Annual Cost to Federal Government:

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: 07/09/2009

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