REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA), SECTION 6 MODEL DISCLOSURE STATEMENT AND APPLICANT'S ACKNOWLEDGEMENT OF SERVICING TRANSFER, SAMPLE LANGUAGE FOR NOTICE OF ....
ICR 199104-2502-001
OMB: 2502-0458
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0458 can be found here:
REAL ESTATE SETTLEMENT
PROCEDURES ACT (RESPA), SECTION 6 MODEL DISCLOSURE STATEMENT AND
APPLICANT'S ACKNOWLEDGEMENT OF SERVICING TRANSFER, SAMPLE LANGUAGE
FOR NOTICE OF ....
SECTION 941 OF P.L. 101-625 ADDS A NEW
SECTION 6 TO RESPA. SECTION 6 REQUIRES A LENDER OF A FEDERALLY
RELATED MORTGAGE LOAN TO GIVE THE LOAN APPLICANT A STATEMENT
DISCLOSING CERTAIN INFORMATION AND REQUIRES HUD TO ISSUE A MODEL OF
THAT STATEMENT. HUD ALSO PREPARES A MODEL FOR THE NOTICES OF ACTUAL
TRANSFER OF SERVICING WHICH SECTION 6 NOW REQUIRES SERVICERS TO
ISSUE.
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.