Mortgagor's Certification of Actual Cost

ICR 201406-2502-005

OMB: 2502-0112

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2014-09-23
Supporting Statement A
2015-01-06
IC Document Collections
ICR Details
2502-0112 201406-2502-005
Historical Active 201110-2502-003
HUD/OH
Mortgagor's Certification of Actual Cost
Extension without change of a currently approved collection   No
Regular
Approved without change 01/22/2015
Retrieve Notice of Action (NOA) 11/13/2014
  Inventory as of this Action Requested Previously Approved
01/31/2018 36 Months From Approved 01/31/2015
2,151 0 419
17,208 0 3,352
0 0 0

The Mortgagor's Certificate of Actual Cost is submitted by the mortgagor to certify actual costs of development in order to make an informed determination of mortgage insurance acceptability and to prevent windfall profits. Its use provides a base for evaluating housing programs, labor costs, and physical improvements in connection with the construction of multifamily housing

PL: Pub.L. 479 - 48 227 Name of Law: National Housing Act
   US Code: 42 USC 1434 Name of Law: Housing Act of 1954
   PL: Pub.L. 103 - 327 108 Name of Law: Dept of VA and HUD and Independent Agencies Appropriations Act, 1995
  
None

Not associated with rulemaking

  79 FR 37765 07/02/2014
79 FR 66736 11/10/2014
No

1
IC Title Form No. Form Name
Mortgagor's Certification of Actual Cost HUD 92330 Mortgagor's Certificate of Actual Coast

  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 2,151 419 0 0 1,732 0
Annual Time Burden (Hours) 17,208 3,352 0 0 13,856 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Based on an assessment of the number of projects endorsed under various sections of the Act over the last three years, HUD estimates there will be approximately 1950 respondents required to submit form HUD-92330 once the project is completed. This large increase is a reflection of the economic tides over the last years in which HUD played a major financial source of funding in the housing industry.

$722,700
No
No
No
No
No
Uncollected
Sylvia Chatman 2027080614 ext. 2994

  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.
11/13/2014


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