Multifamily Mortgagee's Application for Insurance Benefits
Revision of a currently approved collection
No
Regular
Approved with change
08/05/2020
02/28/2020
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
08/31/2023
36 Months From Approved
08/31/2020
110
0
110
110
0
990
0
0
0
Mortgagees provide information to applyfor insurance benefits. HUD uses the information provided to cancel multifamily mortgage insurance contracts and make payments of mortgage insurance.
There is a proposal to change specifically the Estimate Average Burden Hours Per Response. This change is due to the current estimated average at 9 hours per response. The justification for this request is based on the time needed for reviewing instruction, searching existing data sources, gathering and maintaining the data needed in completing and reviewing the collection of information. Thus, the timeframe for this process should be changed from 9 hours to 1 hour based on this justification.
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.