The information collected in this
package will be to assist individuals in obtaining affordable
housing. The information requested by RHS is vital to be able to
process applications for RHS assistance and make prudent credit and
program decisions. It includes borrowers financial information
such as household income, assets and liabilities and monthly
expenses. Without this information the Agency would be unable to
determine if a borrower would qualify for services or if assistance
has been granted to which the customer would not be eligible under
current regulations and statutes.
There is an adjustment increase
of 35,751 burden hours from our last submission. The increase is
attributed to an increase in the number of Loan Servicing
information collections due to the recent economic downturn. More
borrowers are receiving payment assistance, delinquency workout
agreements, moratoriums, etc.
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.