83c - 2502-0306

83C - 2502-0306.docx

HUD-Owned Real Estate - Sales Contract and Addendums

OMB: 2502-0306

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PAPERWORK REDUCTION ACT

CHANGE WORKSHEET

Agency/Subagency


U.S. Department of Housing and Urban Development

Office of Housing, Office of Multifamily Housing Development

OMB Control Number


2502-0306

Enter only items that change

Current record New record

Agency form number(s)


HUD-9545-Y

HUD-9545-Z




Annual reporting and recordkeeping hour burden




Number of respondents




Total annual responses





Percent of these responses collected electronically




Total annual hours




Difference




Explanation of difference




Program change




Adjustment


Annual reporting and recordkeeping cost burden (in thousands of dollars)




Total annualized Capital/Startup costs

0

0


Total annual costs (O&M)

0

0


Total annualized cost requested

0

0


Difference


0


Explanation of difference




Program change




Adjustment


Other changes**


In order to serve its clients better, HUD had made the following non material changes, please see attachment.





Signature of Senior Official or designee:

Date:

For OIRA Use

_______________

______________


**This form cannot be used to extend an expiration date.

OMB FORM 83-C 10/95

Attachment

HUD -9545-Y Date Changes

Seller Acknowledgement and Contingency Period

Removing sentence

Purchaser has a contingency period to withdraw from the contract that expires fifteen (15) calendar days from the date of the Purchaser's signature below.


Replacing removed sentence to read

Purchaser has a contingency period to withdraw from the contract that expires fifteen (15) calendar days from the date the contract is accepted by HUD.


Financing Type (Selling Broker to initial applicable item)

Removing sentence, 1st item

The Purchaser has a contingency period, which expires 15 days from the date of the Purchaser's signature below, to review records and reports provided by the Seller and to conduct an independent inspection or risk assessment.


Replacing removed sentence, 1st item to read

The Purchaser has a contingency period that expires fifteen (15) days from the date the contract is accepted by HUD to review reports provided by the Seller and to conduct an investigation inspection or assessment.


Removing sentence, 3rd item

If the Seller has not already done so, the Seller agrees to procure a visual assessment and lead-based paint inspection and stabilize the deteriorated lead-based paint in accordance with the stabilization plan and obtain lead clearance before the settlement date or any extensions thereof.


Replacing removed sentence, 3rd item to read

If the Seller has not already done so, the Seller agrees to stabilize the deteriorated lead-based paint in accordance with the stabilization plan and obtain lead clearance by the close of the escrow period or any extensions thereof.


HUD -9545-Z Date Changes

Inspection Contingency

Removing sentence

The Purchaser has a contingency period that expires fifteen (15) calendar days from the date of the Purchaser's signature below, to conduct at the Purchaser's expense, an independent lead-based paint inspection or risk assessment.


Replacing removed sentence to read

The Purchaser has a contingency period that expires fifteen (15) calendar days from the date the contract is accepted by HUD to conduct at the Purchaser's expense, an independent lead-based paint inspection visual assessment for deteriorated paint or risk assessment.


Financing Type (Selling Broker to initial applicable clause)

Removing sentences 2nd clause

Written notification must be postmarked by the later of fifteen (15) calendar days from the date of the Purchaser's signature below or two (2) business days following the date of the Purchaser's signature on the supplemental Lead-Based Paint Disclosure Addendum.

If deteriorated lead-based paint was identified in the inspection report and the Purchaser does not exercise its option to withdraw from the sales contract, the Seller will stabilize the deteriorated lead-based paint in accordance with the stabilization plan and obtain lead clearance before the settlement date or any extensions thereof.


Replacing removed sentences 2nd clause to read

Written notification must be postmarked by the latest of fifteen (15) calendar days from the date the contract is accepted by HUD or two (2) business days following the date of the Purchaser’s signature on the supplemental Lead-Based Paint Disclosure Addendum.

If deteriorated lead-based paint was identified in the inspection Report and the Purchaser does not exercise its option to withdraw from the sales contract, HUD will stabilize the deteriorated lead-based paint in accordance with the stabilization plan and obtain lead clearance before the settlement date by the close of the escrow period or any extensions thereof.




File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitlePAPERWORK REDUCTION ACT
AuthorHUD
File Modified0000-00-00
File Created2021-02-01

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