Request for Termination of Multifamily Mortgage Insurance

Forms and Documents

Document Name	Status
Form HUD-9807 Request for Termination of Multifamily Mortgage Insurance Form and Instruction	Modified
ICR 2502-0416.DOC Supporting Statement A	2009-07-16

IC Document Collections

IC ID	Document Title	Status
27171	Request for Termination of Multifamily Mortgage Insurance Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0416	ICR Reference No: 200906-2502-004
Status: Historical Active	Previous ICR Reference No: 200709-2502-012
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Request for Termination of Multifamily Mortgage Insurance
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/04/2009
	Date Received in OIRA: 07/16/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2012	36 Months From Approved	09/30/2009
Responses	1,575	0	1,300
Time Burden (Hours)	328	0	285
Cost Burden (Dollars)	0	0	0

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Abstract: This information is submitted to HUD as notification that the mortgagor and mortgagee mutually agree to terminate HUD multifamily 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:
	74 FR 57	03/26/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 106	06/04/2009
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
Request for Termination of Multifamily Mortgage Insurance	HUD-9807	Insurance Termination Request for Multifamily Mortgage

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ICR Summary of Burden

	Total Approved	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	1,575	1,300	0	0	275	0
Annual Time Burden (Hours)	328	285	0	0	43	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 an extension of a currently approved collection. There has been an increase in the number of requests to prepay a loan and terminate the multifamily mortgage insurance. This is due to a decrease in interest rates in the previous few years whereby owners have taken advantage of and either prepaid or refinanced their existing FHA-insured loans. Therefore, adjustments were necessary as the number of respondents increased from 500 to 600 since the last submission.

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Annual Cost to Federal Government: $24,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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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: 07/16/2009

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