Technical Processing Requirements for Multifamily Project Mortgage Insurance

Forms and Documents

Document Name	Status
Form FHA 2455 Financial Requirements for Closing Form	Modified
83E 2502-0594.pdf Supporting Statement A	2013-10-31
PL 106-377 Sec 235.doc Supplementary Document	2010-06-22
24 CFR 266.doc Supplementary Document	2010-06-22
12 USC 1715z-22.doc Supplementary Document	2010-06-22

IC Document Collections

IC ID	Document Title	Status
193356	Financial Requirements for Closing Form	Modified

ICR Details

OMB Control No: 2502-0594	ICR Reference No: 201309-2502-001
Status: Historical Active	Previous ICR Reference No: 201006-2502-011
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Technical Processing Requirements for Multifamily Project Mortgage Insurance
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 10/31/2013
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/01/2013
	Date Received in OIRA: 10/31/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2014	12/31/2013	10/31/2013
Responses	9,250	0	9,250
Time Burden (Hours)	11,050	0	6,525
Cost Burden (Dollars)	0	0	0

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Abstract: This information is collected from mortgagees, mortgagors, contractors, and attorneys for the purpose of obtaining multifamily mortgage insurance for new or rehabilitated housing. The information collected is used to determine if key principals are acceptable and have the ability to manage the development, construction, completion, and successful lease-up of the proposed property.

Emergency Justfication: Extension requested for unexpected event. Government shutdown prevented timely processing.

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Authorizing Statute(s): US Code: 12 USC 1701 et. seq. Name of Law: Public Law 479, 48, 1246
  

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:
	78 FR 52963	08/27/2013
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Financial Requirements for Closing	HUD-92415, HUD-92433, FHA 2455, FHA-2459, HUD-3305, HUD-3306, HUD-92403, HUD-2456, HUD2283, HUD-92433, HUD-92466, HUD-92450	REQUEST FOR ENDORSEMENT OF CREDIT INSTRUMENT ,   Financial Requirements for Closing ,   Request for Permission to Commence Construction Prior to Initial Endorsement for Mortgage Insurance ,   Mortgagor's Certificate ,   Completion Assurance Agreement ,   Construction Contract Incentive Payment ,   Personal Undertaking ,   Agreement and Certification ,   Agreement and Certification (Insurance Upon Completion) ,   Mortgagor's & Architect Certificate of Payment ,   Escrow Deposit Agreement ,   Regulatory Agreement MF Housing Projects

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ICR Summary 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	9,250	9,250	0	0	0	0
Annual Time Burden (Hours)	11,050	6,525	0	0	4,525	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: The increase in burden hours is contributed to the booming business handled by HUD Multifamily Housing in the last few years due to the financial crisis, The financial institutions were no longer making funding available. HUD Multifamily Housing has done a record number of loans in the past few years. The economy downsize was the reason why Multifamily Housing did so well in its growth of loans throughout the country.

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Annual Cost to Federal Government: $261,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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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: 10/31/2013

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