Burden Worksheet

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Overview

Burden
Wage Estimate

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Sheet 1: Burden

7 CFR PART 3555 - OMB No. 0575-0179
2024 PAPERWORK BURDEN PACKAGE - SINGLE FAMILY HOUSING GUARANTEED LOAN PROGRAM
Section of Regulation	Title	Form No. (if any)	Estimated No. of Respondents	Reports filed Annually	Total Annual Responses (D) x (E)	Estimated No. of Man-hours per response	Estimated Total Man-hours (F) x (G)	Wage Class	Total Cost (H) x (I)
(A)	(B)	(C)	(D)	(E)	(F)	(G)	(H)	(I)	(J)
REPORTING REQUIREMENTS - NON-FORM
Section 3555.107(d) Chapter 12 Administrative Handbook	Uniform Residential Appraisal Report (Lender)	URAR	1,600	50	79,760	0.16	12,762	$52.64	$671,771
Section 3555.202(a) and (b) Chapter 12 Administrative Handbook	Inspections of Construction (Lender)	Written New Construction	1,600	5.72	9,152	0.50	4,576	$52.64	$240,881
		Existing Dwellings	1,600	0.06	96	0.50	48	$52.64	$2,527
Section 3555.107 Chapter 15 Administrative Handbook	Standard Credit Documentation-Application	URLA	1,600	49.85	79,760	3.00	239,280	$52.64	$6,717,442
Section 3555.256 Chapter 17 Administrative Handbook	Transfer & Assumption (Lender)	Written	2	1	2	0.50	1	$29.87	$30
Section 3555.107(h) Chapter 8 and 16 Administrative Handbook	Annual Fee (Lender)	Electronically	1,600	50	79,760	0.25	19,940	$29.87	$595,608
Chapter 16 Administrative	Technology Fee (Lender)	Electronically	1,600	50	80,000	0.15	12,000	$29.87	$358,440
Section 3555.251 and 3555.301 Chapter 17 and 18 Administrative Handbook	Guaranteed Rural Housing Loan Status and Borrower Default Report	Electronically	1,600	4	6,400	0.25	1,600	$29.87	$47,792
Section 3555.301 Chapter 18 Administrative Handbook	Servicing Plan	Written	294	42.63	12,533	1.00	12,533	$29.87	$61,599
Appendix 6 Administrative Handbook	Overpayment Notification (Lender)	Written	1	1	1	0.50	1	$29.87	$15
Section 3555.151(h)(5) Chapters 9 and 11 Administrative Handbook	Mortgage Credit Certificate (Applicant)	Written	367	0.89	327	0.16	52	$52.64	$2,751
Section 3555.151(h)(7) Chapters 11 Administrative Handbook	Funded Buydown Account	Written	74	1.02	75	0.16	12	$52.64	$636
Section 3555.255 Chapter 17 Administrative Handbook	Mineral or Partial Release	Written	18	1	18	0.25	5	$29.87	$134
	SUBTOTAL - NONFORM				347,884		302,809		8,699,625
REPORTING REQUIREMENTS - FORMS APPROVED WITH THIS DOCKET
Section 3555.251(c) Section 3555.54, Chapter 4, 16 and 17 Administrative Handbook	Guaranteed Rural Housing Lender Record Change	Form 3555-11 Transfer of Servicer/Forced Transfer	1,600	154.22	246,752	0.25	61,688	$29.87	$1,842,621
Section 3555.52 Chapter 3, and 4 Administrative Handbook	Agreement for Participation Guaranteed/Insured Loan Programs of the U.S. Government	Form 3555-16	38	1	38	4.00	152	$52.64	$8,001
Section 3555.107 Chapter 5 and 15 Administrative Handbook	Request for Single Family Housing Loan Guarantee	Form 3555-21	1,600	49.85	79,760	0.17	13,559	$29.87	$405,013
Section 3555.107(f) Chapter 15 Adminisrative Handbook	Conditional Commitment for SFH Guarantee	Form 3555-18	1,600	49	78,400	1.00	78,400	$29.87	$2,341,808
Section 3555.107(j) Chapter 16 Administrative Handbook	Loan Note Guarantee	Form 3555-17	1,600	49.85	79,760	0.08	6,646	$29.87	$198,528
Appendix 6 Administrative Handbook	Master Interest Assistance and Shared Equity Agreement with Promissory Note	Form 3555-12 - No Funding or Activity since 1991	1	1	1	1.00	1	$29.87	$30
Appendix 6 Administrative Handbook	Annual Interest Assistance Agreement	Form 3555-13 Borrower	1	1	1	0.67	1	$29.87	$20
Section 3555.51(b)(8) Administrative Handbook	Reporting Requirements	Lender	1,600	12	19,200	0.33	6,336.00	$29.87	$189,256
Section 3555.202(a) Chapter 12 Administrative Handbook	Plan Certification	Form RD 1924-25 (0575-0172)	25	365	9,125	0.16	1,460	$69.77	$101,864
		SUBTOTAL - FORMS			513,037		168,243		$5,087,141
		Total Burden	1,600		860,921		471,052		$13,786,765
Forms whose burden is accounted for under Standard Credit Documentation (Line 10)
Section 3555.107(b)(2)) Chapter 9 Administrative Handbook	Request for Verification of Employment RD Form 1910-5 See Standard Credit Documentatin for Burden	Form RD 1910-5 (0575-0172)
Section 3555.107(b)(2) Chapter 9 Administrative Handbook	Certification of Disability or Handicap See Standard Credit Documentatin for Burden	Form RD 1944-4 (0575-0172)
Section 3555.107(b)(2) Chapter 9 Administrative Handbook	Request for Verification of Deposit See Standard Credit Documentatin for Burden	Form RD 1944-62 (0575-0172)
Section 3555.5 and 3555.107( e) Chapter 12, and 15 Administrative Handbook	Standard Flood Determination See Standard Credit Documentatin for Burden	FEMA Form 086-0-32, Standard Flood Determination Form
FORM THAT IS ELECTRONIC BUT BEING KEPT ACTIVE IN CASE NEEDED
Section 3555.107(i) Chapter 16 Administrative Handbook	Guaranteed Loan Closing Report	Form RD 1980-19 (0575-0137) Electronic

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Sheet 2: Wage Estimate

	Bureau of Labor Statistics
Position Identified	BLS equivalent	Occupational Code	Mean Salary*	Benefits 29.6%**	Total wage
Underwriter	Loan Officers***	13-2072	40.62	12.02	52.64
Originator	Loan Officers***	13-2072	40.62	12.02	52.64
Loan Processor	Office and Administrative Support Occupations	43-0000	23.05	6.82	29.87
Engineer	Engineers	17-2000	53.79	15.92	69.71
*	May 2023 National Occupational Employment and Wage Estimates (bls.gov)
**	https://www.bls.gov/news.release/pdf/ecec.pdf
***	13-2072 Loan Officers includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters and payday loan officers.