HUD is requesting the addition
of form HUD-50002, Request to Exceed Cost Limits for Preservation
and Protection, an increase of 11,500 burden hours. There is an
increase in burden hours because the number of annual responses has
increased, and HUD has identified and requests approval for
recordkeeping hours. However, the number of respondents stated in
the last submission as 450 has decreased to 275 respondents because
there has been a decrease of mortgagees and servicers. The reason
is that a number of smaller mortgagees have opted to discontinue
the FHA mortgage lending business, and a number of other mortgagees
have consolidated with bigger companies. Many mortgagees do not
service their own loans but contract out servicing to approximately
275 mortgage servicing companies.
$14,057,500
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Robert Juenger 202
708-1672
No
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.