Application for the Transfer of Physical Assets

ICR 201809-2502-003

OMB: 2502-0275

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2021-04-08
Supplementary Document
2019-09-12
Supplementary Document
2019-09-12
IC Document Collections
ICR Details
2502-0275 201809-2502-003
Received in OIRA 201511-2502-004
HUD/OH
Application for the Transfer of Physical Assets
Reinstatement with change of a previously approved collection   No
Regular 08/04/2022
  Requested Previously Approved
36 Months From Approved
27,127 0
4,340 0
0 0

Prospective purchasers of properties submit information will mortgages either HUD-insured or HUD held. This is necessary for approval of a transfer of physical assets. Information ensures that the project is not placed in physical, financial, or managerial jeopardy by the transfer.

None
None

Not associated with rulemaking

  84 FR 19100 05/03/2019
84 FR 56168 10/03/2019
Yes

1
IC Title Form No. Form Name
Application for the Transfer of Physical Assets HUD-92266 Application for the Transfer of Physical Assets

  Total Request 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 27,127 0 0 12,393 0 14,734
Annual Time Burden (Hours) 4,340 0 0 -40,740 20,595 24,485
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
This is a reinstatement, with change, of previously approved collection for which approval has expired. The change in inventory in item 13 of page 1 reflects project owners that paid or prepaid their mortgage and no longer have a regulatory requirement to report to the Department, and newly insured projects that have been added to the portfolio since last report. Burden hours reflects a correction from earlier reports which addressed every attachment needed to complete a transfer of physical assets. In fact, those attachments are separately addressed in other OMB approvals. Including them in this request amounts to double-counting those attachments and unrealistically inflates the burden hours count for use of the form HUD-92266.

$5,455
No
    No
    No
No
No
No
No
Harry Messner 202 402-2626

  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.
08/04/2022


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