COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form HUD-5985L Lender’s Electronic Closing Certificate	Form and Instruction	Modified	Available
Form HUD-5985IRR Lender’s Certification of Continued First Lien Priority	Form and Instruction	Modified	Available
Form HUD-5985B Escrow Agreement for Deferred Repairs, Debt Service – 223(f)	Form and Instruction	Modified	Available
Form HUD-5985B COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	Form and Instruction	Modified	Repair queued
2502-0618 30 Day FR.pdf	Supplementary Document	Uploaded 2024-03-05	Repair queued
2502-0618 - Supporting Statement (f).docx	Supporting Statement B	Uploaded 2024-01-10	Repair queued
2502-0618 - Laws and Regs.pdf	Supplementary Document	Uploaded 2024-01-10	Repair queued
2502-0618 - Supporting Statement (f).docx	Supporting Statement A	Uploaded 2024-01-10	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
242018	COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	Form and Instruction	Modified	Lender’s Electronic Closing Certificate
242018	COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	Form and Instruction	Modified	Lender’s Certification of Continued First Lien Priority
242018	COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	Form and Instruction	Modified	Escrow Agreement for Deferred Repairs, Debt Service – 223(f)
242018	COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0618	ICR Reference No: 202401-2502-007
Status: Active	Previous ICR Reference No: 202011-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/04/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/05/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2027	36 Months From Approved	04/30/2024
Responses	3,217	0	942
Time Burden (Hours)	2,900	0	1,389
Cost Burden (Dollars)	0	0	0

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Abstract: This is a revision request of a currently approved information collection. This collection was established in response to the current COVID19 pandemic. The collection will serve the purpose of addressing situational conditions to accommodate collections for multifamily programs impacted by unforeseen circumstances associated with COVID19 and other related situations in the future as the need may be. The collection involves two new temporary closing forms to conduct electronic closings on all closing types and to set up a debt service escrow for FHA-insured mortgage closings for Section 223(f) market rate refinances. This relates to the current COVID-19 Coronavirus outbreak and the Presidential declaration that declared a national emergency.

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Authorizing Statute(s): None

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 85904	12/11/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 5929	01/30/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents	HUD-5985B, HUD-5985IRR, HUD-5985L	Escrow Agreement for Deferred Repairs, Debt Service – 223(f) ,   Lender’s Certification of Continued First Lien Priority ,   Lender’s Electronic Closing Certificate

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ICR Summary of Burden

table that charts list 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	3,217	942	0	2,275	0	0
Annual Time Burden (Hours)	2,900	1,389	0	1,511	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 revision of a currently approved collection. The name of this collection is being changed from COVID19 HUD Contingency Plan for HUD Multifamily Rental Project Closing Documents to Electronic Closing and Continued First Lien Priority Certificates for FHA-Insured Commercial Mortgage Transactions. This current request involves two new closing forms (Lender’s Electronic Closing Certificate and Borrower’s Electronic Closing Certificate) on all closing types to allow for the use of electronic signatures and closing packages. The two new closing forms, which reflect 1.05 hours burden hours each and 2.1 burden hours in total, will replace Form HUD-5989. Form HUD-5989, which reflects 2.0 burden hours, will be discontinued under a separate collection by the Office of MF Production. Additionally, there will be an increase of .5 hours to account for the signature on the Lender’s Certification of Continued First Lien Priority.

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Annual Cost to Federal Government: $176,900

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: 03/05/2024

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