OMB wishes to
point out that HUD has violated the Paperwork Reduction Act (5 CFR
1320.4(a)) which states that "An agency shall not engage in
collection of information without obtaining Office of Management
and Budget approval of the collection of information and displaying
a currently valid OMB control number." Furthermore,
"notwithstanding an other provision of law, no person shall be
subject to any penalty for failure to comply with any collection of
information: (1) that does no display a currently valid OMB control
number." (5 CFR 1320.5(a))
Inventory as of this Action
Requested
Previously Approved
09/30/1994
09/30/1994
500
0
0
375
0
0
0
0
0
HUD REQUIRES THE MORTGAGEE TO SUBMIT
FORM HUD-92434, MORTGAGEE'S CERTIFICATE, TO ASSURE THAT FEES ARE
WITHIN ACCEPTABLE LIMITS AND REQUIRED ESCROWS WILL BE COLLECTED.
HUD DETERMINES THE REASONABLENESS OF THE FEES AND USES THE
INFORMATION IN CALCULATING THE FINANCIAL REQUIREMENTS FOR CLOSING
AND DETERMINING ALLOWABLE FINANCING FEES AT COST
CERTIFICATION.
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.