FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers

Forms and Documents

Document Name	Status
2502-0595 -30 Day FR.pdf Supplementary Document	2020-10-01
2502-0595 Supporting Statement -A.docx Supporting Statement A	2020-07-24

IC Document Collections

IC ID	Document Title	Status
193765	Payments Prepayments Terminations Assumptions Transfers Other-Screenshot	Modified

ICR Details

OMB Control No: 2502-0595	ICR Reference No: 202007-2502-007
Status: Active	Previous ICR Reference No: 201701-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations. Assumptions, and Transfers
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/11/2020
	Date Received in OIRA: 10/01/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved
Responses	15,834	0	0
Time Burden (Hours)	17,813	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Information is collected from respondents who are companies (mortgagees) servicing FHA-Insured mortgage loans. This collection concerns detailed loan information regarding homeowners (mortgagors) and their FHA-Insured mortgage loan. The data and information is essential for managing HUD's programs and FHA's Mutual Mortgage Insurance Fund.

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Authorizing Statute(s): US Code: 12 USC 1703 Name of Law: Natioinal Housing Act
  

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:
	85 FR 29738	05/18/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 51750	08/21/2020
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
Payments Prepayments Terminations Assumptions Transfers	HUD-92210, HUD Form 92210.1, HUD-92210, HUD-92900-a, HUD-93114	Approval of Purchaser and Release of Seller ,   HUD/VA Addendum to Uniform Residential Loan Application ,   Assistance Payment Contract ,   Request for Credit Approval ,   Approval of Purchaser and Release of Seller

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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	15,834	0	0	0	-97,238,308	97,254,142
Annual Time Burden (Hours)	17,813	0	0	0	-50,206	68,019
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: This is a revision of a currently approved collection because the estimates of respondents, responses and burden hours decreased due to removal/retiring of obsolete form HUD-92210, removal of FHA payment requirements that are standard practices within the mortgage industry where HUD ascribes no burden hours to these activities, and removal of duplicating mortgage insurance termination records archival because mortgage insurance termination is covered under existing OMB control number 2502-0414.

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Annual Cost to Federal Government: $62,742

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 10/01/2020

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