FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers

Forms and Documents

Document Name	Status
Form HUD Form 92080 Payments Prepayments Terminations Assumptions Transfers Form	New
Supporting Statement for Paperwork Reduction Act Submissions.docx Supporting Statement A	2010-07-13

IC Document Collections

IC ID	Document Title	Status
193765	Payments Prepayments Terminations Assumptions Transfers Form	New

ICR Details

OMB Control No: 2502-0595	ICR Reference No: 201007-2502-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/24/2010
	Date Received in OIRA: 07/13/2010
Terms of Clearance: HUD Form 92210.1 no longer claims to be exempt from the PRA and will display the OMB control number and expiration date.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2013	36 Months From Approved
Responses	43,844	0	0
Time Burden (Hours)	833,250	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Information is collected from respondents who are companies (mortgagees) servicing FHA-Insured mortgage loans. This collection concerns detailed loan information regarding homeowners (mortgagors) and their FHA-Insured mortgage loan. The data and information is essential for managing HUD's programs and FHA's Mutual Mortgage Insurance Fund.

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Authorizing Statute(s): US Code: 12 USC 1703 Name of Law: Natioinal Housing Act
  

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 19575	04/29/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 23794	05/04/2010
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
Payments Prepayments Terminations Assumptions Transfers	HUD Form 92210.1, HUD Form 92080, HUD-92210, HUD-92900-a, HUD-93114	Mortgage Record Change ,   Approval of Purchaser and Release of Seller ,   HUD/VA Addendum to Uniform Residential Loan Application ,   Assistance Payment Contract ,   Request for Credit Approval

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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	43,844	0	0	43,844	0	0
Annual Time Burden (Hours)	833,250	0	0	833,250	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: This is a new collection.

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Annual Cost to Federal Government: $8,218,750

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]? No

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: 07/13/2010

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