Request for Prepayment of Section 202 or 202/8 Project

Forms and Documents

Document Name	Status
Form HUD-9808 Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines Form and Instruction	Modified
2502-0554 30 day FR.pdf Supplementary Document	2022-03-29
2502-0554 - Laws, regs, etc.zipx Supplementary Document	2021-09-02
2502-0554 - Supporting Statement (rev. 3-29-22)c.docx Supporting Statement A	2022-03-29

IC Document Collections

IC ID	Document Title	Status
27348	Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0554	ICR Reference No: 202109-2502-001
Status: Received in OIRA	Previous ICR Reference No: 201705-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Request for Prepayment of Section 202 or 202/8 Project
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/29/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	1,566	0
Time Burden (Hours)	3,132	0
Cost Burden (Dollars)	0	0

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Abstract: This collection is a request for approval of prepayment of a direct Loan and additional necessary documentation from an owner of a multifamily housing project financed under Section 202 of the Natinal Housing Act. Review of the information will determine if the conditions of the original mortgage will be met and if prepayment may be granted.

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Authorizing Statute(s): PL: Pub.L. 106 - 569 1 Name of Law: American Homeownership and Economic Opportunity Act of 2000
  

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:
	86 FR 35314	07/02/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 62564	11/10/2021
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
Prepayment of Direct Loans on Section 202 and 202/8 Projects with Inclusion of FHA Mortgage Guidelines	HUD-9808	Request for Prepayment of Seciton 202 or 202/8 Project

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ICR Summary 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	1,566	0	0	0	0	1,566
Annual Time Burden (Hours)	3,132	0	0	1,566	-1,566	3,132
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: This is a reinstatement, with change, of previously approved collection for which approval has expired. This collection now appropriately calculates the number of respondents that potentially can submit the HUD Form 9808, and includes the required Use Agreements as part of this collection, which were not included in previous approvals. In addition, the burden hours were corrected from last submission.

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Annual Cost to Federal Government: $134,801

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: 03/29/2022

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