Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily Mortgages to the Secretary

ICR 201510-2510-001

OMB: 2510-0006

Federal Form Document

Forms and Documents
ICR Details
2510-0006 201510-2510-001
Historical Active 201209-2510-002
HUD/HUDGC
Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily Mortgages to the Secretary
Extension without change of a currently approved collection   No
Regular
Approved without change 01/28/2016
Retrieve Notice of Action (NOA) 12/09/2015
  Inventory as of this Action Requested Previously Approved
01/31/2019 36 Months From Approved 01/31/2016
68 0 128
1,768 0 3,328
0 0 0

Mortgages of HUD-insured multi-family loans may receive mortgage insurance benefits upon assignment of mortgages to HUD. In connection with the assignment, legal documents (e.g., mortgage, mortgage note, security agreement, title insurance policy) must be submitted to the Department.

US Code: 12 USC 1713 Name of Law: null
  
None

Not associated with rulemaking

  80 FR 54581 09/10/2015
80 FR 71822 11/17/2015
No

  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 68 128 0 -60 0 0
Annual Time Burden (Hours) 1,768 3,328 0 -1,560 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The significant reduction is attributed to FHA’s successful efforts at reducing mortgage defaults, but the downturn in the economy, especially the housing market during the 3 year period since the preceding approval, while not resulting in higher claims, has not resulted in fewer claims.

$39,168
No
No
No
No
No
Uncollected
Millicent Potts 2024025255

  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.
12/09/2015


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