Technical Processing Requirements for Multifamily Project Mortgage Insurance

Forms and Documents

Document Name	Status
Form HUD-92433 Financial Requirements for Closing Form	Modified
Supporting Statement A.doc Supporting Statement A	2014-04-24
PL 106-377 Sec 235.doc Supplementary Document	2010-06-22
24 CFR 266.doc Supplementary Document	2010-06-22
12 USC 1715z-22.doc Supplementary Document	2010-06-22

IC Document Collections

IC ID	Document Title	Status
193356	Financial Requirements for Closing Form	Modified

ICR Details

OMB Control No: 2502-0594	ICR Reference No: 201311-2502-003
Status: Historical Active	Previous ICR Reference No: 201309-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Technical Processing Requirements for Multifamily Project Mortgage Insurance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/31/2014
	Date Received in OIRA: 04/24/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2017	36 Months From Approved	07/31/2014
Responses	1,028	0	9,250
Time Burden (Hours)	514	0	11,050
Cost Burden (Dollars)	0	0	0

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Abstract: This information is collected from mortgagees, mortgagors, contractors, and attorneys for the purpose of obtaining multifamily mortgage insurance for new or rehabilitated housing. The information collected is used to determine if key principals are acceptable and have the ability to manage the development, construction, completion, and successful lease-up of the proposed property.

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Authorizing Statute(s): US Code: 12 USC 1701 et. seq. Name of Law: Public Law 479, 48, 1246
  

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:
	78 FR 52963	08/27/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 65695	11/01/2013
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
Financial Requirements for Closing	HUD-92403.1, HUD-2283, HUD-92433	Mortgagor's Certificate ,   Mortgagor's & Architect Certificate of Payment ,   Financial Requirements for Closing

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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	1,028	9,250	0	-8,222	0	0
Annual Time Burden (Hours)	514	11,050	0	-10,536	0	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: Yes

Burden Reduction Due to: Changing Forms

Short Statement: Forms that are no longer needed have been deleted for the program. Also program participation has declined. This has resulted in a decrease in respondents, responses and burden hours.

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Annual Cost to Federal Government: $25,700

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: 04/24/2014

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