Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form HUD-92577 Request for acceptance of changes in approved drawing and Specifications	Form	Modified	Available
Form HUD-9746-A Drew request Section 203(k)	Form	Modified	Available
Form HUD-92700 Maximum Mortgage Work sheet	Form	Modified	Available
Form HUD-92700-A 203 (k) Borrower's Acknowledgement	Form	Modified	Available
Form HUD-92700-A Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified	Repair queued
2502--0527 30 day FR.pdf	Supplementary Document	Uploaded 2024-07-12	Repair queued
2502-0527 Laws & Regs.zipx	Supplementary Document	Uploaded 2024-05-17	Repair queued
Supporting Statement A (1).docx	Supporting Statement A	Uploaded 2024-05-17	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
27291	Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified	Request for acceptance of changes in approved drawing and Specifications
27291	Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified	Drew request Section 203(k)
27291	Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified	Maximum Mortgage Work sheet
27291	Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified	203 (k) Borrower's Acknowledgement
27291	Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	Form	Modified

ICR Details

OMB Control No: 2502-0527	ICR Reference No: 202405-2502-009
Status: Active	Previous ICR Reference No: 202101-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)
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: 09/10/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/07/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved	09/30/2024
Responses	103,317	0	211,667
Time Burden (Hours)	92,269	0	188,516
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection covers application, qualification, and certification processes for participants in HUD-FHA's 203(K) Rehabilitation Mortgage Insurance Program.

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Authorizing Statute(s): US Code: 24 USC 1703 Name of Law: Insurance of Financial Institutions
  

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 12372	02/16/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 48188	06/05/2024
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Rehabilitation Mortgage Insurance Underwriting Program Section 203(K)	HUD-92700-A, HUD-9746-A, HUD-92700, HUD-92577	203 (k) Borrower's Acknowledgement ,   Maximum Mortgage Work sheet ,   Drew request Section 203(k) ,   Request for acceptance of changes in approved drawing and Specifications

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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	103,317	211,667	0	0	-108,350	0
Annual Time Burden (Hours)	92,269	188,516	0	0	-96,247	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: No

Burden Reduction Due to:

Short Statement: In recent years, the total number of respondents for Section 203(k) has decreased. This represents a lower usage by Lenders for this government program, as they increased access to credit through conventional markets. Keeping with its purpose, FHA mortgage insurance helps to stabilize housing markets during periods of economic distress. When housing markets weaken, private Lenders seek a greater share of loans with FHA insurance. As the economy improves, Lenders shift from Federal insurance support, towards conventional lending models.

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Annual Cost to Federal Government: $573,219

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: 08/07/2024

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