As shown by the changes to this collection, HUD will accurately account for the costs of the form.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
09/30/2016
36 Months From Approved
09/30/2013
32,532
0
48,192
4,880
0
7,229
0
0
0
Lenders use the Single Family Premium Collection Subsystem-Upfront (SFPCS-U) to remit the upfront premium to obtain mortgage insurance for the homeowner. The information strengthens HUD's ability to manage and process upfront single-family mortgage insurance premium collections and corrections to submit data. It also improves data integrity for the Single Family Mortgage Insurance Program.
There is a decrease in the number of lenders as lenders merge into other companies. This has resulted in a decrease in responses. Also, HUD has decreased its estimate of burden hours per response because the transactions are all electronic.
$150,000
No
No
No
No
No
Uncollected
Keely Stevenson 202 402-3433
Reginfo record details
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.