Mortgagor's Certification of Actual Cost

Forms and Documents

Document Name	Status
Form HUD 92330 Mortgagor's Certification of Actual Cost Form and Instruction	Modified
2502-0112 Laws & Regs.zipx Supplementary Document	2014-09-23
Supporting Statement A (2502-0112).doc Supporting Statement A	2015-01-06

IC Document Collections

IC ID	Document Title	Status
27037	Mortgagor's Certification of Actual Cost Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0112	ICR Reference No: 201406-2502-005
Status: Historical Active	Previous ICR Reference No: 201110-2502-003
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagor's Certification of Actual Cost
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/22/2015
	Date Received in OIRA: 11/13/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2018	36 Months From Approved	01/31/2015
Responses	2,151	0	419
Time Burden (Hours)	17,208	0	3,352
Cost Burden (Dollars)	0	0	0

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Abstract: The Mortgagor's Certificate of Actual Cost is submitted by the mortgagor to certify actual costs of development in order to make an informed determination of mortgage insurance acceptability and to prevent windfall profits. Its use provides a base for evaluating housing programs, labor costs, and physical improvements in connection with the construction of multifamily housing

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Authorizing Statute(s): PL: Pub.L. 479 - 48 227 Name of Law: National Housing Act
   US Code: 42 USC 1434 Name of Law: Housing Act of 1954
   PL: Pub.L. 103 - 327 108 Name of Law: Dept of VA and HUD and Independent Agencies Appropriations Act, 1995
  

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:
	79 FR 37765	07/02/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 66736	11/10/2014
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
Mortgagor's Certification of Actual Cost	HUD 92330	Mortgagor's Certificate of Actual Coast

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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	2,151	419	0	0	1,732	0
Annual Time Burden (Hours)	17,208	3,352	0	0	13,856	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: No

Burden Reduction Due to:

Short Statement: Based on an assessment of the number of projects endorsed under various sections of the Act over the last three years, HUD estimates there will be approximately 1950 respondents required to submit form HUD-92330 once the project is completed. This large increase is a reflection of the economic tides over the last years in which HUD played a major financial source of funding in the housing industry.

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Annual Cost to Federal Government: $722,700

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: 11/13/2014

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