Direct Single Family Housing Loan and Grant Programs, 7 CFR 3550 - HB-1-3550, and HB-2-3550

ICR 202102-0575-003

OMB: 0575-0172

Federal Form Document

ICR Details
0575-0172 202102-0575-003
Received in OIRA 201801-0575-003
USDA/RHS
Direct Single Family Housing Loan and Grant Programs, 7 CFR 3550 - HB-1-3550, and HB-2-3550
Revision of a currently approved collection   No
Regular 07/28/2021
  Requested Previously Approved
36 Months From Approved 07/31/2021
638,077 658,860
305,646 315,570
0 0

The information collected in this package will be to assist individuals in obtaining affordable housing. The information requested by RHS is vital to be able to process applications for RHS assistance and make prudent credit and program decisions. It includes borrower’s financial information such as household income, assets and liabilities and monthly expenses. Without this information the Agency would be unable to determine if a borrower would qualify for services or if assistance has been granted to which the customer would not be eligible under current regulations and statutes.

PL: Pub.L. 102 - 550 501, 502 & 504 Name of Law: Title V of the Housing Act of 1949, as amended
  
None

Not associated with rulemaking

  86 FR 16576 03/30/2021
86 FR 40190 07/27/2021
No

1
IC Title Form No. Form Name
7 CFR 3550 - Direct Single Family Housing Loan and Grant Programs, HB-1-3550, and HB-2-3550 RD 3550-23, RD 3550-21, RD 3550-06, RD 3550-04, RD 465-1, RD 1927-10, RD 1927-20, RD 1927-5, RD 1927-8, RD 1927-19, RD 1944-12, RD 1944-3, RD 1927-16, RD 400-4, RD 443-16, RD 1951-345, RD 1927-11, RD 1927-15, RD 1924-12, RD 465-5, RD 410-4, RD 1910-5, RD 1940-16, RD 1940-41, RD 1940-43, RD 1944-36, RD 1944-60, RD 1955-01, RD 410-8, RD 400-1, RD 1955-42, RD 1955-45, RD 400-6, RD 1927-9, RD 1944-62, RD 1944-B6, RD 3550-34, RD 1944-4, RD 1944-6, RD 3550-24, RD 1944-5, RD 1944-6A, RD 1944-14, RD 3550-30, RD 3550-01, RD 3550-10, RD 3550-22, RD 3550-15, RD 3550-18, RD 3550-12, RD 1955-46, RD 3550-02, RD 3550-07, RD 3550-09, RD 3550-11, RD 3550-20 Invitation, Bid, and Acceptance Sale of Real Prpoerty by the United States ,   Authorization to Release Information ,   Request for Verification of Gift/Gift Letter ,   Employment Certification ,   Funding Commitment ,   Initial Escrow Account Disclosure Statement ,   Condominium Rider ,   Planned Unit Development Rider ,   Subsidy Repayment Agreement ,   Tax Information ,   Reamortization Agreement ,   Application for Settlement of Indebtedness ,   Rural Housing Service Payment Subsidy Renewal Certification ,   Assumption Agreement Single Family Housing ,   Applicant Orientation Guide ,   Notice of Special Flood Hazards, Flood Insurance Purchase Requirements, and Availability of Federal Disaster Relief Assistance ,   Verification for Debt Proposed for Refinancing ,   Grant Agreement ,   Option to Purchase Real Property ,   Certification of Disability or Handicap ,   Rural Development Manufactured Housing Dealer-Contractor Applcation ,   Interest Credit Agreement ,   Interest Credit Agreement (502) ,   Payment Assistance/Deferred mortage Assistance Agreement ,   Equal Opportunity Agreement ,   Compliance Statement ,   Application Reference Letter ,   Application for Partial Release, Subordination, or Consent ,   Affidavit Regarding Work of Improvement ,   Agreement with Prior Lienholder ,   Preliminary Title Opinion ,   Final Title Opinion ,   Certification of Attorney ,   Certification of Title Insurance ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Request for Verification of Deposit ,   Deferred Payment Computation ,   Application for Rural Assistance Uniform Residential Loan Application ,   Request for Verification of Employment ,   Promissory Note ,   Truth in Lending Statement ,   Notice of Right to Cancel ,   Application for Conditional Commitment ,   Landlord Verification ,   Offer to Convey Security ,   Open Real Property Master Listing Agreement ,   Standard Sales Contract Sale of Real Property by the United States
7 CFR 3550 - Private Sector RD 1927-20, RD 400-1, RD 465-1, RD 1924-4, RD 1924-9, RD 1924-25, RD 1927-5, RD 1927-8, RD 1944-3, RD 1927-16, RD 465-5, RD 1944-12, RD 1951-34, RD 1927-11, RD 1927-15, RD 400-4, RD 1924-12, RD 443-16, RD 1924-2, RD 1924-10, RD 1924-19, RD 1927-10, RD 1927-19, RD 1924-6, RD 1944-3, RD 1940-41, RD 3550-24, RD 1944-60, RD 1940-16, RD 1944-5, RD 1944-12, RD 1944-14, RD 1944-6, RD 1944-6A, RD 1944-36, RD 410-4, RD 3550-34, RD 1910-5, RD 1944-4, RD 3550-30, RD 1940-43, RD 3550-22, RD 3550-07, RD 3550-11, RD 3550-06, RD 3550-09, RD 1955-46, RD 3550-12, RD 3550-23, RD 1944-62, RD 3550-18, RD 1955-01, RD 1955-42, RD 3550-20, RD 1951-34, RD 3550-10, RD 400-6, RD 410-8, RD 1924-1, RD 1924-7, RD 1955-45, RD 3550-15, RD 3550-21, RD 3550-02, RD 1927-9, RD 3550-04, RD 3550-01 Authorization to Release Information ,   Request for Verification of Gift/Gift Letter ,   Employment Certification ,   Notice of Special Flood Hazard... ,   Mortageg Loan Commitment ,   Initial Escrow Account Disclosure Statement ,   Condominium Rider ,   Planned Unit Development Rider ,   Subsidy Repayment Agreement ,   Applicant Orientation Guide ,   Request for Verification of Deposit ,   Reamortization Agreement ,   Offer to Convey Security ,   Open Real Property Master Listing Agreement ,   Invitation, Bid and Accpetance - Sale of Real Property ,   Standard Sales Contract - Sale of Real Property ,   Tax Information ,   Application for Settlement of Indebtedness ,   Assumption Agreement ,   Payment Subsidy Renewal Certification ,   Dirct Payment Change Plan ,   Verification for Debt Proposed for Refinancing ,   Notice of Right To Cancel ,   Grant Agreement ,   Landloard's Verification ,   Truth in Lending Statement ,   Promissory Note ,   Application for Rural Assistance (Non-Farm Tract) Uniform Residential Loan App. ,   Option to Purchase Real Property ,   Request for Verification or Employment ,   Budget and/or Financial Statement ,   Certification of Disability or Handicap ,   Rurl Development Manufactured Housing Dealer-Contractor Application ,   Rural Hosuing Loan Application Package ,   Payment Assistance/Deferred Mortgage Assistance Agreement ,   Interest Credit Agreement ,   Interest Credit Agreement (502) ,   Application for Conditional Commitment ,   Equal Opportunity Agreement ,   Compliance Statement ,   Application Reference Letter ,   Application for Partial Release, Subordination, or Consent ,   Development Plan ,   Description of Materials ,   Documentation of Construction Complaint/Request for Compensation for Construction Defects ,   Construction Contract ,   Contract Change Order ,   Certificate of Contractor's Release ,   Release by Claimants ,   Builder's Warranty ,   Plan Certification ,   Affidavit Regarding Work of Improvement ,   Agreement with Prior Lienholder ,   Preliminary Title Opinion ,   Final Title Opinion ,   Certification of Attorney ,   Certification of Title Insurance ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed ,   Removed

  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 638,077 658,860 0 45,103 -65,886 0
Annual Time Burden (Hours) 305,646 315,570 0 21,633 -31,557 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This submission is for 638,077 responses and 305,646 burden hours. . The current OMB inventory for this docket is 315,570 hours for a reduction in overall burden to the public of 9,924 hours from our last submission. This reduction is attributed to an estimated 8% decrease in loan origination due to the average loan amount increasing. There was an increase in a number of Loan Servicing information collections due to individuals impacted by the COVID-19 pandemic, consequently, more borrowers are receiving payment assistance and/ or moratoriums and less borrowers are refinancing and subordinating their subsidy recapture. In this submission there were three forms and one non-forms included that previously were omitted.

$114,387,280
No
    No
    Yes
No
No
No
No
Lynn Gilbert 202 690-2682 [email protected]

  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.
07/28/2021


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