Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines

Forms and Documents

Document	Type	Status	Availability
Form HUD-9808 Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines	Form and Instruction	Modified	Repair queued
Supporting statement A.doc	Supporting Statement A	Uploaded 2011-09-23	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
27348	Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines	Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0554	ICR Reference No: 201103-2502-005
Status: Historical Active	Previous ICR Reference No: 200803-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/05/2011
	Date Received in OIRA: 06/29/2011
Terms of Clearance: Previous terms of clearance remain in effect. HUD is reminded to complete the short statement explaining burden changes.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2014	36 Months From Approved	10/31/2011
Responses	190	0	280
Time Burden (Hours)	380	0	560
Cost Burden (Dollars)	0	0	0

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Abstract: This collection is a request for approval of prepayment of a direct Loan and additional necessary documentation from an owner of a multifamily housing project financed under Section 202 of the Natinal Housing Act. Review of the information will determine if the conditions of the original mortgage will be met and if prepayment may be granted.

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Authorizing Statute(s): PL: Pub.L. 106 - 569 1 Name of Law: American Homeownership and Economic Opportunity Act of 2000
  

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:
	76 FR 9043	02/16/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 38199	06/29/2011
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
Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines	HUD-9808	Request for Prepayment of Seciton 202 or 202/8 Project

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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	190	280	0	0	-90	0
Annual Time Burden (Hours)	380	560	0	0	-180	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There are minor decreases in responses and annual burden time due to a decrease in the number of project owners requesting to prepay their Section 202 direct loan.

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Annual Cost to Federal Government: $8,960

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]? No

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: 06/29/2011

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