HUD-Owned Real Estate - Sales Contract and Addendums

ICR 201006-2502-004

OMB: 2502-0306

Federal Form Document

Forms and Documents
ICR Details
2502-0306 201006-2502-004
Historical Active 200704-2502-012
HUD/OH
HUD-Owned Real Estate - Sales Contract and Addendums
Revision of a currently approved collection   No
Regular
Approved with change 11/29/2010
Retrieve Notice of Action (NOA) 07/29/2010
  Inventory as of this Action Requested Previously Approved
11/30/2013 36 Months From Approved 11/30/2010
785,748 0 165,473
254,626 0 67,550
0 0 0

The respondents are real estate listing brokers for HUD-owned properties who submit sales contracts and addenda in conjunction with offers to purchase HUD-owned property. The sales contracts and addenda will be used in binding contracts between the purchasers and HUD, and to meet the requirements of the Lead Disclosure Rule relative to the disclosure of known lead-based paint and lead-based paint hazards in HUD sales of pre-1978 construction.

None
None

Not associated with rulemaking

  75 FR 21022 04/22/2010
75 FR 44406 07/27/2010
No

  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 785,748 165,473 0 620,275 0 0
Annual Time Burden (Hours) 254,626 67,550 0 187,076 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
There are several reasons for the revision. The first is to disaggregate the collection to reduce it to only those documents involved with the sale of HUD-owned property. The second is to revise the Sales Contract (form HUD-9548) and revise the Addendum for Discounted Sales to Nonprofit Organizations and Governmental Entities (form HUD-9548-B). The third is to remove three forms found not to collect information from the public; three sales contract addendums, the content of which has been incorporated into the revised Sales Contract; and one sale contract addendum that has not been used in several years and which will be rendered obsolete by the GNND rule. The fourth reason is to include 4 forms to comply with the Lead-Safe Housing Rule. These revisions result in a small decrease in the number of respondents, and a substantial decrease in the number of responses, burden hours, and costs. Lastly, to include already established HUD SAMS forms that are directly involved with the maintenance and marketing of single-family acquired properties, better known as HUD Homes.

$2,113,432
No
No
No
No
No
Uncollected
Edith Lyons 202 402-3935

  No

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.
07/29/2010


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