Single Family Premium Collection Subsystem-Periodic (SFPCS-P)

Forms and Documents

Document Name	Status
1c-2024-HSG-PRA-256 (Supporting Statement A, 2502-0536).docx Supporting Statement A	2024-11-25
2502-0536 30 Day FR.pdf Supplementary Document	2024-11-20
Published 60-Day FRN, 2502-0536, 8-22-2024.pdf Supplementary Document	2024-10-23
24 CFR Sec-203.269.pdf Supplementary Document	2021-06-30
Federal Credit Reform Act of 1990.pdf Supplementary Document	2021-06-30
24 CFR Sec 203.264.pdf Supplementary Document	2021-06-30

IC Document Collections

IC ID	Document Title	Status
27310	Single Family Premium Collection Subsystem - Periodic (SFPCS-P) Other-screenshot	Modified

ICR Details

OMB Control No: 2502-0536	ICR Reference No: 202312-2502-001
Status: Received in OIRA	Previous ICR Reference No: 202106-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Single Family Premium Collection Subsystem-Periodic (SFPCS-P)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/03/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	03/31/2025
Responses	7,708	8,760
Time Burden (Hours)	1,156	1,314
Cost Burden (Dollars)	0	0

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Abstract: The SFPCS-P is used to collect monthly mortgage insurance premiums (MIP) from mortgagees. The Credit Reform Act of 1990 requires FHA to report case level mortgage insurance payment information for each endorsement. In addition, 24 CFR 203.264 requires mortgagees to pay monthly MIP's, and 24 CFR 203.269 requires that the MIP's be remitted electronically.

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Authorizing Statute(s): US Code: 2 USC 661 Name of Law: Federal Credit Reform Act of 1990
  

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:
	89 FR 67957	08/22/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 87885	11/05/2024
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
Single Family Premium Collection Subsystem - Periodic (SFPCS-P)

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ICR Summary 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	7,708	8,760	0	-1,052	0	0
Annual Time Burden (Hours)	1,156	1,314	0	-158	0	0
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This is a revision of a currently approved collection. Information on the number of respondents and responses is based on actual HUD data for the past year. As indicated in other areas of this Supporting Statement, the number of MIP payments requiring validation varies depending on the number of mortgagees holding loans that require Mortgage Insurance Premium payments. Actual HUD\FHA data is used to help estimate these numbers. The annual burden hours have decreased. The number of respondents changes annually because it is based on the number of active FHA lenders. Additionally, there are two existing processes being added to this submission that lenders utilize to supplement the FHA MIP collection process titled “Single Family Monthly (Periodic) Premium Alternate Report Retrieval Process Signup Sheet and the Single Family Monthly (Periodic) Premium Pay.gov Batch Transmission Signup Sheet.”

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Annual Cost to Federal Government: $1,593,152

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.     Yes

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.     Yes

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: 12/03/2024

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