Technical Processing Requirements for Multifamily Project Mortgage Insurance

Forms and Documents

Document Name	Status
Form HUD-2283 Financial Requirements for Closing Form	Modified
30 Day Federal Register.pdf Supplementary Document	2017-09-05
2502-0594 Supporting Statement.doc Supporting Statement A	2017-09-26

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: 201703-2502-004
Status: Active	Previous ICR Reference No: 201311-2502-003
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Technical Processing Requirements for Multifamily Project Mortgage Insurance
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/06/2017
	Date Received in OIRA: 09/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2020	36 Months From Approved
Responses	1,560	0	0
Time Burden (Hours)	520	0	0
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.

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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:
	82 FR 28085	06/20/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 41975	09/05/2017
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-92403.1, HUD-2283, HUD-92433	Financial Requirements for Closing ,   Mortgagor's Certificate ,   Mortgagor's & Architect Certificate of Payment

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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	1,560	0	0	532	0	1,028
Annual Time Burden (Hours)	520	0	0	6	0	514
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: No

Burden Reduction Due to:

Short Statement: Why the increase in burden occurred because the discipline phases of an application for mortgage insurance-underwriting, valuation, architectural, and mortgage credit analysis. Performs each phase during the application process to ensure the financial, physical, and environmental soundness of the project, as well as the potential insurance risk.

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Annual Cost to Federal Government: $25,700

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? 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: 09/28/2017

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