Mortgage Insurance Termination; Application for Premium Refund or Distributive Share Payment

ICR 201006-2502-008

OMB: 2502-0414

Federal Form Document

Forms and Documents
ICR Details
2502-0414 201006-2502-008
Historical Active 200705-2502-004
HUD/OH
Mortgage Insurance Termination; Application for Premium Refund or Distributive Share Payment
Extension without change of a currently approved collection   No
Regular
Approved with change 09/13/2010
Retrieve Notice of Action (NOA) 06/29/2010
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved 09/30/2010
695,000 0 1,004,407
59,000 0 157,932
0 0 0

The Mortgage Insurance Termination informaiton is used by FHA-approved lenders to terminate FHA insurance to comply with HUD requirements. The Application for Premium Refund or Distributive Share Payment is submitted by homeowners applying for the unearned portion of the mortgage insurance premium or a distributive share payment.

US Code: 12 USC 1709 Name of Law: National Housing Act
  
None

Not associated with rulemaking

  75 FR 21021 04/22/2010
75 FR 37455 06/29/2010
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 695,000 1,004,407 0 0 -309,407 0
Annual Time Burden (Hours) 59,000 157,932 0 0 -98,932 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is an extension of a currently approval package. The decrease in the estimated numbers of respondents, responses, burden hours, and costs reflects the decrease in FHA loan activity in recent years. Previously, the decrease in interest rates caused larger numbers of homeowners to refinance their existing loans to reduce their monthly mortgage payments. With the recent stabilization of interest rates, fewer homeowners are refinancing.

$792,281
No
No
No
Uncollected
No
Uncollected
Silas Vaughn 2024023545 [email protected]

  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.
06/29/2010


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