Technical Processing Requirements for Multifamily Project Mortgage Insurance

Forms and Documents

Document Name	Status
Form HUD 2415 Housing Finance Agency Risk-Sharing Program Form and Instruction	Modified
83i 2502-0500 (2).docx Supporting Statement A	2009-11-25

IC Document Collections

IC ID	Document Title	Status
42070	Housing Finance Agency Risk-Sharing Program Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0500	ICR Reference No: 200911-2502-005
Status: Historical Inactive	Previous ICR Reference No: 200003-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Technical Processing Requirements for Multifamily Project Mortgage Insurance
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Improperly submitted	Conclusion Date: 01/27/2010
	Date Received in OIRA: 11/30/2009
Terms of Clearance: HUD uploaded the wrong Information Collection in this PRA package. This collection is returned as improperly submitted.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This information is collected from mortgagees, mortgagors, contractors, and attorneys for the purpose of obtaining multifamily mortgage insurance for new or rehabilitated housing. The information collected is used to determine if key principals are acceptable and have the ability to manage the development, construction, completion, and successful lease-up of the proposed property.

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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:
	73 FR 230	11/28/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 218	11/13/2009
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
Housing Finance Agency Risk-Sharing Program	3305, 1710, 92443, HUD 2415, 2455, 2459, 3306, 2456, 92466, 2283, 92433, 92450, 92403.1	Request for Permission to Commence Construction ,   Escrow Deposit Agreement ,   Regulatory Agreement ,   Financial Requirements for Closing ,   REQUEST FOR ENDORSEMENT OF CREDIT INSTRUMENT ,   Residual Receipts Notes ,   Mortgagor's Certificate ,   Completion Assurance Agreement ,   Construction Contract ,   Personal Undertaking ,   Agreement and ,   Agreement Certificate ,   Mortgagor's and Architect's

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The information collection was erroneously cancelled based on the number of applications from Housing Finance Agencies seeking to participate in the Risk-Sharing Program (less than 10 annually) and not the ongoing program requirements of those HFAs currently approved to participate in the Program, which includes but not limited to, the number of mortgage insurance applications processed and monitoring requirements.

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Annual Cost to Federal Government: $261,000

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: 11/30/2009

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