Property Disposition Foreclosure Sale Bid Kit

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
2502-NEW Property Disposition Foreclosure Sale Bid Kit.pdf	Supplementary Document	Uploaded 2023-10-12	Repair queued
2502-NEW - Supporting Statement (Property Disposition) (f) 8.22.23.docx	Supporting Statement A	Uploaded 2023-08-22	Repair queued
2502-NEW - Laws and Regs (Property Disposition).pdf	Supplementary Document	Uploaded 2023-08-21	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
261653	HUD-5995 - Attachment B Acknowledgment By Bidder Unsub.		New
261652	HUD-5994 - Attachment G Certificate of Substantial Repair Requirements		New

ICR Details

OMB Control No:	ICR Reference No: 202308-2502-004
Status: Received in OIRA	Previous ICR Reference No:
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Property Disposition Foreclosure Sale Bid Kit
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/12/2023

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	20	0
Time Burden (Hours)	20	0
Cost Burden (Dollars)	0	0

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Abstract: The foreclosure sale bid kit is necessary for the successful high bidder to submit application for approval to become the new owner of the foreclosed property.

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Authorizing Statute(s): PL: Pub.L. 117 - 362 3704 Name of Law: Multifamily Mortgage Foreclosure
  

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:
	88 FR 39267	06/15/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 69956	10/10/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
HUD-5994 - Attachment G Certificate of Substantial Repair Requirements
HUD-5995 - Attachment B Acknowledgment By Bidder Unsub.

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ICR Summary of Burden

table that charts list of burden

	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	20	0	0	20	0	0
Annual Time Burden (Hours)	20	0	0	20	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a request for a new OMB collection. The reason for the request is to obtain an OMB control number for the bid kit documents the Agency will post to conduct foreclosure sales.

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Annual Cost to Federal Government: $203

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: 10/12/2023

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