HUD requires the builder to provide
information that notes an adverse site/location factor(s) on the
property, including floodplains. Lenders review the form and send
it to HUD. This is done so that HUD does not insure a mortgage on
property that poses a risk to health or safety of the
occupant.
This is an extension of a
currently approved collection. There are approximately 5,307
builders and 5,307 lenders involved in this information collection.
The builder will take about 10 minutes to complete the Builders
Certification (form HUD-92541) based on information and data the
builder gets from its engineers prior to the property being
developed. The lender should be able to review the builders
entries in about 5 minutes. Accordingly, HUD estimates that the
entire information collection burden will be 15 minutes per case.
Based upon an average of approximately 65,600 new construction
cases per year, the total burden hours will be 9,848. While the
information collected regarding floodplains may (at the option of
the builder) be different, there are no expected changes in the
burden hours. The decrease in the number burden hours results from
lenders who now submit the case files electronically. Although most
lenders now submit the case file electronically after the builders
and lenders reviews the collected information to HUD, when
requested, other lenders are on test case bases and mail case file
to the Homeownership Centers, the burden hours for the lenders
remains the same.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Kenneth Walker 2027082121 ext.
4026
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.