Real Estate Title Clearance and Loan Closing - 7 CFR 1927-B

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 3550-25 Loan Closing Instructions and Loan Closing Statement	Form	New	Available
Form 1927-20 1927-20 Certification of Title Insurance Co.	Form	New	Available
Form 1927-19 1927-19 Certification of Attorney	Form	New	Available
Form 1927-10 Final Title Opinion	Form	New	Available
Form 1927-9 Preliminary Title Option	Form	New	Available
Form 1927-8 Agreement with Prior Lienholder	Form	New	Available
Form 1927-5 Affidavit Regarding Work of Improvement	Form	New	Available
Form 3550-25 RD Form 3550-25	Form	Removed	Available
Form 1927-20 Certification of Title Insurance Company	Form	Removed	Available
Form 1927-19 Certification of Attorney	Form	Removed	Available
Form 1927-10 Final Title Opinion	Form	Removed	Available
Form 1927-09 Preliminary Title Opinion	Form	Removed	Available
Form 1927-08 Agreement with Prior Lienholder	Form	Removed	Available
Form 1927-05 Affidavit Regarding Work of Improvement	Form	Removed	Available
Form 3550-25 RD Form 3550-25	Form	Removed	Available
Form 1927-20 Certification of Title Insurance Company	Form	Removed	Repair queued
Form 1927-19 Cetification of Attorney	Form	Removed	Available
Form 1927-10 Final Title Opinion	Form	Removed	Available
Form 1927-09 Preliminary Title Opinion	Form	Removed	Available
Form 1927-08 Agreement with Prior Lienholder	Form	Removed	Available
Form 1927-05 Affidavit Regarding Work of Improvement	Form	Removed	Available
2024-05758 Real Estate Titles 60 DFRN FR Print.pdf	Supplementary Document	Uploaded 2024-08-14	Available
FY 24 0575-0147 REAL ESTATE TITLE CLEARANCE AND CLOSING Spreadsheet 81424.xlsx	Supplementary Document	Uploaded 2024-08-14	Available
FY 24 0575-0147 Supporting Statement 81324 v2.docx	Supporting Statement A	Uploaded 2024-08-13	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
269108	Form 3550-25 Loan Closing Instructions/ Loan Closing Statement	Form	New	Loan Closing Instructions and Loan Closing Statement
269103	Form 1927-20 Certification of Title Insurance Company	Form	New	1927-20 Certification of Title Insurance Co.
269101	Form 1927-19 Certification of Attorney	Form	New	1927-19 Certification of Attorney
269092	Form 1927-10 Final Title Opinion	Form	New	Final Title Opinion
269088	Form 1927-9 Preliminary Title Opinion	Form	New	Preliminary Title Option
269087	Form 1927-8 Agreement with Prior Lienholder	Form	New	Agreement with Prior Lienholder
269084	Form 1927-5 Affidavit Regarding Work of Improvement	Form	New	Affidavit Regarding Work of Improvement
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	RD Form 3550-25
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Certification of Title Insurance Company
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Certification of Attorney
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Final Title Opinion
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Preliminary Title Opinion
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Agreement with Prior Lienholder
1998	7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	Form	Removed	Affidavit Regarding Work of Improvement
180080	7 CFR 1927 - Private Sector	Form	Removed	RD Form 3550-25
180080	7 CFR 1927 - Private Sector	Form	Removed	Certification of Title Insurance Company
180080	7 CFR 1927 - Private Sector	Form	Removed	Cetification of Attorney
180080	7 CFR 1927 - Private Sector	Form	Removed	Final Title Opinion
180080	7 CFR 1927 - Private Sector	Form	Removed	Preliminary Title Opinion
180080	7 CFR 1927 - Private Sector	Form	Removed	Agreement with Prior Lienholder
180080	7 CFR 1927 - Private Sector	Form	Removed	Affidavit Regarding Work of Improvement

ICR Details

OMB Control No: 0575-0147	ICR Reference No: 202406-0575-002
Status: Received in OIRA	Previous ICR Reference No: 201904-0575-002
Agency/Subagency: USDA/RHS	Agency Tracking No: 0575-0147
Title: Real Estate Title Clearance and Loan Closing - 7 CFR 1927-B
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/19/2024

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2026
Responses	12,285	22,214
Time Burden (Hours)	3,316	2,957
Cost Burden (Dollars)	257,213	0

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Abstract: This regulation promulgates the policies and procedures for real estate title clearance and closing of loans, assumptions, voluntary conveyances, and credit sales in connection with insured loans. This regulation does not apply to guaranteed loans. This regulation prescribes the policies and responsibilities including the collection and use of information necessary to complete real estate title clearance and loan closing of Rural Housing (RH) loans.

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Authorizing Statute(s): PL: Pub.L. 102 - 550 501 Name of Law: Housing Act of 1949
   US Code: 7 USC 1926a Name of Law: Consolidated Farm and Rural Development Act
  

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 19568	03/19/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 67058	08/19/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 7

table that charts list of burden

IC Title	Form No.	Form Name
7 CFR 1927 - Private Sector	3550-25, 1927-05, 1927-09, 1927-08, 1927-19, 1927-20, 1927-10	Affidavit Regarding Work of Improvement ,   Agreement with Prior Lienholder ,   Preliminary Title Opinion ,   Final Title Opinion ,   Cetification of Attorney ,   Certification of Title Insurance Company ,   RD Form 3550-25
7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"	1927-05, 1927-08, 1927-09, 1927-20, 1927-10, 1927-19, 3550-25	Affidavit Regarding Work of Improvement ,   Agreement with Prior Lienholder ,   Preliminary Title Opinion ,   Final Title Opinion ,   Certification of Attorney ,   Certification of Title Insurance Company ,   RD Form 3550-25
Form 1927-10 Final Title Opinion	1927-10	Final Title Opinion
Form 1927-19 Certification of Attorney	1927-19	1927-19 Certification of Attorney
Form 1927-20 Certification of Title Insurance Company	1927-20	1927-20 Certification of Title Insurance Co.
Form 1927-5 Affidavit Regarding Work of Improvement	1927-5	Affidavit Regarding Work of Improvement
Form 1927-8 Agreement with Prior Lienholder	1927-8	Agreement with Prior Lienholder
Form 1927-9 Preliminary Title Opinion	1927-9	Preliminary Title Option
Form 3550-25 Loan Closing Instructions/ Loan Closing Statement	3550-25	Loan Closing Instructions and Loan Closing Statement

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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	12,285	22,214	0	54,880	-64,809	0
Annual Time Burden (Hours)	3,316	2,957	0	6,546	-6,187	0
Annual Cost Burden (Dollars)	257,213	0	0	1,147	256,066	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: There is an increase in the burden from 2,957 in the previous information collection package to 3,316 in the current information collection, with a total burden increase of 359. The burden increase is due to MFH program updating its previous burden calculations.

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Annual Cost to Federal Government: $257,213

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: 08/19/2024

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