Emergency Homeowners' Loan Program –Required Data Elements Collection

ICR 201102-2502-008

OMB: 2502-0597

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-08-25
IC Document Collections
IC ID
Document
Title
Status
195998 Modified
ICR Details
2502-0597 201102-2502-008
Historical Inactive 201101-2502-004
HUD/OH
Emergency Homeowners' Loan Program –Required Data Elements Collection
Revision of a currently approved collection   No
Regular
Improperly submitted and continue 10/19/2011
Retrieve Notice of Action (NOA) 08/25/2011
This request is returned as improperly submitted. The agency should resubmit with consistent paperwork burden estimates.
  Inventory as of this Action Requested Previously Approved
08/31/2011 36 Months From Approved 11/30/2011
36,264 0 36,264
108,792 0 108,792
0 0 0

HUD is implementing a mortgage relief program entitled the Emergency Homeowners Loan Program. The program will offer a declining balance, deferred payment "bridge loan" (non-recourse, subordinate loan with zero interest) for up to $50,000 to assist eligible homeowners with payments of arrearages, including mortgages, delinquent taxes, insurance premiums, condominium or homeowners association fees; late fees; and certain foreclosure-related attorney's fee. In addition to payment of arrearages, EHLP funds may also be used to assist eligible homeowners to make up to 24 months of mortgage payments on their mortgage principal, interest, taxes and insurance (PITI), as well as condominium/homeowner association fees, as applicable.

None
None

Not associated with rulemaking

  76 FR 22013 04/25/2011
76 FR 52962 08/24/2011
No

1
IC Title Form No. Form Name
Emergency Homeownership Loan Program 96020-EHLP, 96025a-EHLP, 96025b-EHLP, 96022-EHLP, 96023a-EHLP, 96023b-EHLP, 96026-EHLP Commitment Letter ,   Termination Appeal Form ,   Applicant Certification Statement ,   Co-Applicant Certification Statment ,   Unemployment Affidavit - Self Employed ,   Unempolyment Affidavit - Employer No Longer In Business ,   Third Party Authorization Form

Yes
Miscellaneous Actions
No
There have been no major changes to the way the program is administered since the previous collection request. However, draft HUD- forms have been created for the data elements approved in the initial collection (2502-0597). Draft forms are attached. The collection is required to determine homeowner eligibility to participate in the Emergency Homeowners Loan Program. Also, a third party organization acting as HUD's Fiscal Agent will electronically collect reinstatement data from mortgage servicers upon HUD's request.

$8,703,360
No
No
No
Yes
No
Uncollected
Ruth Roman 202 402-2112

  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.
08/25/2011


© 2024 OMB.report | Privacy Policy