Requirements For Single Family Mortgage Instruments

Forms and Documents

Document Name	Status
2502-0404 30 day.pdf Supplementary Document	2024-12-03
OMB 2502-0404 Supporting Statement - A.docx Supporting Statement A	2024-11-04
CFR203_255b3.doc Supplementary Document	2017-11-27

IC Document Collections

IC ID	Document Title	Status
27157	Requirements For Single Family Mortgage Instruments	Modified

ICR Details

OMB Control No: 2502-0404	ICR Reference No: 202411-2502-001
Status: Received in OIRA	Previous ICR Reference No: 202106-2502-003
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Requirements For Single Family Mortgage Instruments
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/03/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	02/28/2025
Responses	737,276	1,119,702
Time Burden (Hours)	61,415	93,271
Cost Burden (Dollars)	0	0

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Abstract: This information is used to verify that a mortgage has been properly recorded and is eligible for FHA mortgage insurance.

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Authorizing Statute(s): None

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:
	89 FR 46899	05/30/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 93335	11/26/2024
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
Requirements For Single Family Mortgage Instruments

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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	737,276	1,119,702	0	0	-382,426	0
Annual Time Burden (Hours)	61,415	93,271	0	0	-31,856	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: This is a revision of a currently approved collection; however, there is a change/adjustment due to a decrease in FHA endorsed mortgages caused by a combination of decrease in inventory and market rate fluctuation. Also, there is a reduction of burden hours due to lenders producing mortgage documents electronically.

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Annual Cost to Federal Government: $0

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: 12/03/2024

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