Application for the Transfer of Physical Assets

Forms and Documents

Document Name	Status
Form HUD-92266 Application for the Transfer of Physical Assets Form and Instruction	Modified
OMB 2502-0275.DOC Supporting Statement A	2009-10-20

IC Document Collections

IC ID	Document Title	Status
27100	Application for the Transfer of Physical Assets Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0275	ICR Reference No: 200910-2502-002
Status: Historical Active	Previous ICR Reference No: 200610-2502-003
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Application for the Transfer of Physical Assets
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 without change	Conclusion Date: 12/08/2009
	Date Received in OIRA: 10/20/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2012	36 Months From Approved	12/31/2009
Responses	295	0	350
Time Burden (Hours)	26,061	0	32,200
Cost Burden (Dollars)	0	0	0

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Abstract: Prospective purchasers of properties submit information will mortgages either HUD-insured or HUD held. This is necessary for approval of a transfer of physical assets. Information ensures that the project is not placed in physical, financial, or managerial jeopardy by the transfer.

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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 128	07/07/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 198	10/15/2009
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
Application for the Transfer of Physical Assets	HUD-92266	Application for the Transfer of Physical Assets

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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	295	350	0	0	-55	0
Annual Time Burden (Hours)	26,061	32,200	0	0	-6,139	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: Adjustments were made from the last submission based on current data in HUD systems for HUD insured and HUD-held mortgages. Adjustments were also made to correct the burden hour estimate for submitting the Proposed Rental Schedule (form HUD-92458), resulting in a reduction in total burden hours from 92 to 90.33 for this collection. The previous estimate for the form HUD-92458 was 10 hours, which was an overestimate. In addition, data was obtained from payscale.com to include an average hourly rate for a Property Manager.

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Annual Cost to Federal Government: $495,600

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: 10/20/2009

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