Informed Consumer Choice Notice and Application for FHA Insured Mortgage

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FHAC Flood Insuran FHAC Flood Insurance Information	Form and Instruction	New	Available
Form Model Notice Infor Model Notice Informed Consumer Choice Disclosure	Form	New	Available
Form Settlement Certifi Settlement Certification	Form	New	Available
Form HUD-92561 (2026) Borrower's Contract with Respect to Hotel and Transient Use of Property	Form	Modified	Available
Form HUD-92900 LT (2026 FHA Loan Underwriting and Transmittal Summary	Form and Instruction	Modified	Available
Form HUD-92544 (2026) Warranty of Completion of Construction	Form	Modified	Available
Form HUD-92900-A (2026) HUD Addendum to Uniform Residential Loan Application	Form	Modified	Available
Form Consumer Choice No Consumer Choice Note	Form and Instruction	Modified	Available
Comment recieved.pdf	Public Comments	Uploaded 2026-10-30	Available
30 - Day FRN.pdf	Supplementary Document	Uploaded 2026-10-30	Available
0059 Public Comment.pdf	Supplementary Document	Uploaded 2026-08-31	Available
Finalv3 - OMB-2502-0059 2026 Supporting Statement.docx	Supporting Statement A	Uploaded 2026-10-30	Available
Laws & Regs 0059.docx	Supplementary Document	Uploaded 2023-07-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
282264	INFORMED CONSUMER CHOICE DISCLOSURE AND APPLICATION FOR HUD/FHA INSURED MORTGAGE	Form and Instruction	New	FHAC Flood Insurance Information
282264	INFORMED CONSUMER CHOICE DISCLOSURE AND APPLICATION FOR HUD/FHA INSURED MORTGAGE	Form	New	Model Notice Informed Consumer Choice Disclosure
282264	INFORMED CONSUMER CHOICE DISCLOSURE AND APPLICATION FOR HUD/FHA INSURED MORTGAGE	Form	New	Settlement Certification
27010	Application for FHA-Insured Mortgage	Form	Modified	Borrower's Contract with Respect to Hotel and Transient Use of Property
27010	Application for FHA-Insured Mortgage	Form and Instruction	Modified	FHA Loan Underwriting and Transmittal Summary
27010	Application for FHA-Insured Mortgage	Form	Modified	Warranty of Completion of Construction
27010	Application for FHA-Insured Mortgage	Form	Modified	HUD Addendum to Uniform Residential Loan Application
27010	Application for FHA-Insured Mortgage	Form and Instruction	Modified	Consumer Choice Note

ICR Details

OMB Control No: 2502-0059	ICR Reference No: 202608-2502-008
Status: Received in OIRA	Previous ICR Reference No: 202304-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No: 2502-0059
Title: Informed Consumer Choice Notice and Application for FHA Insured Mortgage
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/30/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2026
Responses	3,240,953	6,212,229
Time Burden (Hours)	435,558	737,367
Cost Burden (Dollars)	0	0

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Abstract: The forms and related documents are needed to determine the eligibility of the borrower and proposed mortgage transaction for FHA's insurance endorsement. Lenders seeking FHA's insurance prepare these forms.

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Authorizing Statute(s): US Code: 12 USC 1709 Name of Law: National Housing Act
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 185 H.R.5140 Name of Law: Economic Stimulus Act of 2008

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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:
	90 FR 44388	09/15/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 68537	10/30/2026
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Application for FHA-Insured Mortgage	HUD-92900 LT (2026), HUD-92544 (2026), HUD-92900-A (2026), HUD-92561 (2026), Consumer Choice Note	Consumer Choice Note ,   HUD Addendum to Uniform Residential Loan Application ,   Warranty of Completion of Construction ,   FHA Loan Underwriting and Transmittal Summary ,   Borrower's Contract with Respect to Hotel and Transient Use of Property
INFORMED CONSUMER CHOICE DISCLOSURE AND APPLICATION FOR HUD/FHA INSURED MORTGAGE	Settlement Certification, Model Notice Informed Consumer Choice Disclosure, FHAC Flood Insurance Information	Settlement Certification ,   Model Notice Informed Consumer Choice Disclosure ,   FHAC Flood Insurance Information

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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	3,240,953	6,212,229	0	-2,971,276	0	0
Annual Time Burden (Hours)	435,558	737,367	0	-301,809	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This is a renewal of a currently approved collection. The renewal reflects an overall decrease of FHA-insured mortgages. This decrease can be attributed to a rising interest rate market; rates over the past three years have almost doubled when compared to the COVID-era interest rates, averaging near 7 percent. Historically, higher interest rates lead to a reduction in the refinance market throughout the entire lending industry and is not specific to the FHA loan market. The prior renewal of this collection reported that over 50% of the average originations could be ascribed to refinance transactions, while this renewal reflects that less than 30% of the current average of originations are refinances.

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Annual Cost to Federal Government: $21,099,720

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: 10/30/2026

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