HUD is required to collect debt owed
to the agency. As part of the collection process, demand for
repayment is made on the debtor(s). In response, debtors opt to
ignore the debt, pay the debt or dispute the debt. Disputes and
offers to repay the debt result in information collections.
Borrowers who wish to pay less than the full amount due must submit
a Personal Financial Statement and Settlement Offer. HUD uses the
information to analyze debtors financial positions and then
approve settlements, repayment agreements, and pre-authorized
electronic payments to HUD. Borrowers who wish to dispute must
provide information to support their position.
There is a burden decrease due
to the discontinuation of form HUD-92090.
$13,685
No
No
No
No
No
Uncollected
Lester West 518 464-4200 ext.
4206
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.