Quality Control Requirements for Direct Endorsement Lenders

ICR 201405-2502-010

OMB: 2502-0600

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-06-19
Supplementary Document
2014-06-02
Supplementary Document
2011-04-13
IC Document Collections
IC ID
Document
Title
Status
197305
Modified
ICR Details
2502-0600 201405-2502-010
Historical Active 201104-2502-010
HUD/OH
Quality Control Requirements for Direct Endorsement Lenders
Extension without change of a currently approved collection   No
Regular
Approved without change 09/09/2014
Retrieve Notice of Action (NOA) 07/29/2014
  Inventory as of this Action Requested Previously Approved
09/30/2017 36 Months From Approved 09/30/2014
135,682 0 169,158
71,017 0 91,515
0 0 0

This information is collected from Direct Endorsement lenders in order to meet FHA's quality control requirements in light of recent changes to lender eligibility criteria for participation in FHA programs.

None
None

Not associated with rulemaking

  79 FR 10820 02/26/2014
79 FR 43060 07/24/2014
No

1
IC Title Form No. Form Name
Quality Control Requirements for Direct Endorsement Lenders

  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 135,682 169,158 0 0 -33,476 0
Annual Time Burden (Hours) 71,017 91,515 0 0 -20,498 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
When the existing submission was created, FHA still allowed for loan correspondents to participate in its programs and had not yet transitioned to the use of TPOs. Therefore, FHA initially estimated information collection burdens based on the expected used of TPOs by DE lenders. Three years later, FHA has updated these estimates with real data, which has substantially reduced the information collection burden associated with OMB Control Number 2502-0600.

$394,574
No
No
No
No
No
Uncollected
Justin Burch 202 708-1515

  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.
07/29/2014


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