Comparison Matrix

MF Closing Docs Comparison Matrix.xlsx

HUD Multifamily Rental Project Closing Documents

Comparison Matrix

OMB: 2502-0598

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Information Collection Number of Respondents Frequency of Response Responses Per Annum Burden Hours Per Response New Annual Burden Hours Current Burden Hours Per Response Current Annual Burden Hours Burden Difference Current OMB Number Current Information Collection
Residual Receipts Note (Nonprofit Borrowers) (91710M) 600 1 600 0.5 300 0.5 300 No Change Standard Business Practice Residual Receipts Note (FHA-1710)
Residual Receipts Note (Limited Dividend Borrowers) (91712M) 600 1 600 0.5 300 0.5 300 No Change Standard Business Practice Residual Receipts Note (FHA-1712)
Guide for Opinion of Borrower’s Counsel (91725M) 600 1 600 1 600 1 600 No Change 2510-0010 Guide for Opinion of Borrower’s Counsel (HUD-91725)
Exhibit to Opinion of Borrower’s Counsel (Certification of Borrower) (HUD- 91725M-CERT) 600 1 600 1 600 1 600 No Change 2510-0010 Exhibit to Opinion of Borrower’s Counsel (Certification of Borrower) (HUD-91725-CERT)
Guide For Opinion Of Borrower’s Counsel (HUD-91725M-INST) 0 0 0 0 0 1 0 Decrease 2510-0010 (FHA) Opinion by Counsel to the Mortgagor (HUD-91725-INST)
Request for Final Endorsement of the Credit Instrument (92023M) 600 1 600 1 600 1 600 No Change 2502-0016 Request for Final
Endorsement of
Credit Instrument (HUD-92023)
Lease Addendum (92070M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Instruction for Lease Hold (FHA-2070)
Surplus Cash Note (92223M) 600 1 600 0.5 300 1 600 Decrease 2502-0016 Promissory Note (HUD-92223)
Escrow Agreement for Working Capital (92412M) 600 1 600 0.5 300 0.5 300 No Change 2502-0470 Escrow Agreement
for Off-Site Facilities (HUD-90170)
Escrow Agreement for Latent Defects (HUD-92414M) 600 1 600 0.5 300 0 0 Increase 2502-0470 Escrow Agreement for
Unpaid Construction Costs (HUD-90171)
Subordination Agreement (92420M) 600 1 600 0.5 300 0 0 Increase 2502-0204 Model Lease for Section 202/8 or Section 202 PAC (HUD-90105-b)
Lender’s Certificate (92434M) 600 1 600 1 600 0.75 450 Increase 2502-0468 Mortgagee's Certificate (HUD-2434)
Building Loan Agreement (92441M) 600 1 600 0.75 450 1 600 Decrease 2502-0011 Building Loan Agreement (HUD-92441)
Building Loan Agreement Supplement (92441M-Supp) 600 1 600 0.75 450 0 0 Increase None New
Construction Contract (92442M) 600 1 600 1 600 2 1200 Decrease 2502-0011 Construction Contract Cost Plus(HUD-92442)
Completion Assurance Agreement (92450M) 600 1 600 0.5 300 1 600 Decrease 2502-0470 Capital Advance Program
Completion Assurance Agreement (HUD-92450)
Performance Bond – Dual Obligee (92452M) 600 1 600 0.5 300 2 1200 Decrease 2502-0029 Performance Bond-Dual Obligee (HUD-92452)
Payment Bond (92452a-M) 600 1 600 0.5 300 1 600 Decrease 2502-0470 Payment Bond (HUD-92452a)
Request for Endorsement of Credit Instrument & Certificate of Lender, Borrower & General Contractor (92455M) 600 1 600 1 600 0 0 Increase Standard Business Practice Request for Endorsement of Credit Instrument & Certificate of Lender, Borrower & General Contractor (FHA-2455)
Escrow Agreement for Incomplete Construction (92456M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Escrow Deposit Agreement (FHA-2456)
HUD Survey Instructions and Report (92457A-M) 600 1 600 0.5 300 0.5 300 None 2502-0010 HUD Survey Instructions
and Report
for Insured Multifamily Projects (HUD-92457)
Surveyor's Report (HUD-92457M) 600 1 600 1 600 0 0 Increase None New
Request for Approval of Advance of Escrow Funds (92464M) 600 1 600 1 600 2 1200 Decrease 2502-0018 Request for Approval of
Advance of Escrow Funds (HUD-92464)
Regulatory Agreement for Multifamily Projects under sections 207, 220, 221(d)(3), 223(a)(7), 223(f) and 231 of the National Housing Act. (92466M) 600 1 600 1 600 0 0 Increase Standard Business Practice Regulatory Agreement
Multifamily Housing Projects
Instructions to Closing Attorney Under Sections 207, 220, 221(d)(4), 231 and 232, Except Nonprofits (HUD-92466)
Escrow Agreement for Non-Critical and Deferred Repairs (HUD-92476.1M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Escrow Agreement Unpaid Construction Cost, Repairs or Needs Assessment Repairs (HUD-92476.1)
Escrow Agreement for Operating Deficit (92476a-M) 600 1 600 0.5 300 0.5 300 No Change 2502-0470 Escrow Agreement
Additional Contribution
by Sponsors (HUD-92476a)
Agreement of Sponsor to Furnish Additional Funds (92476M) 600 1 600 0.5 300 0.5 300 No Change 2502-0470 Escrow Agreement
Additional Contribution
by Sponsors (HUD-92476aca)
Bond Guaranteeing Sponsors’ Performance (92477M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Bond Guaranteeing Sponsors’ Performance (FHA-2477)
Borrower’s Oath (92478M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Mortgagor's Oath (FHA-2478)
Off-Site Bond – Dual Obligee (92479M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice (Off-Site Bond FHA-2479)
Construction Contract – Supplementary Conditions (92554M - SUPP) 600 1 600 0.5 300 0.5 300 None 2502-0470 Supplementary Conditions of
the Contract for Construction (HUD-2554)
Agreement and Certification (93305M) 600 1 600 0.5 300 0 0 Increase Standard Business Practice Agreement and
Certification (HUD-3305)
Deed of Trust HUD-94000M 600 1 600 0.75 450 0 0 Increase Standard Business Practice Master Deed (FHA-3276)
Note (MultiState) (94001M) 600 1 600 1 600 0 0 Increase None New
Totals 600
19800 22.25 13,350.00 18.25 10,350.00


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