Lenders contemplating providing a mortgage for a single-family property require a standard, industry-acceptable appraisal. This information supplements those standard appraisals for FHA-insured mortgages and is necessary to protect the interest of HUD, the taxpayers, and the FHA insurance fund. In addition, information is collected to ensure real estate appraiser that are qualified.
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:
(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;
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.