Lender Qualifications for Multifamily Accelerated Processing (MAP)

ICR 201310-2502-007

OMB: 2502-0541

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2014-02-19
Supplementary Document
2014-02-10
Supplementary Document
2014-02-10
Supporting Statement A
2014-02-10
IC Document Collections
ICR Details
2502-0541 201310-2502-007
Historical Active 201010-2502-012
HUD/OH
Lender Qualifications for Multifamily Accelerated Processing (MAP)
Extension without change of a currently approved collection   No
Regular
Approved without change 03/27/2014
Retrieve Notice of Action (NOA) 02/19/2014
  Inventory as of this Action Requested Previously Approved
03/31/2017 36 Months From Approved 03/31/2014
1,045 0 1,045
419,775 0 419,775
0 0 0

To participate in MAP, lenders will be required to show that they have an experienced multifamily underwriter on staff, a satisfactory record on lending on multifamily housing properties, and an acceptable Quality Control Plan. Qualified lenders can then take advantage of a mortgage application-procesing plan that will take substantially less processing time than traditional processing.

None
None

Not associated with rulemaking

  78 FR 75367 12/11/2013
79 FR 9255 02/18/2014
No

1
IC Title Form No. Form Name
Lender Qualifications for Multifamily Accelerated Processing (MAP)

  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 1,045 1,045 0 0 0 0
Annual Time Burden (Hours) 419,775 419,775 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$8,000,240
No
No
No
No
No
Uncollected
Wendy Carter 202 708-2866 ext. 2546

  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.
02/19/2014


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