Final Endorsement of Credit Instrument

Forms and Documents

Document Name	Status
Form HUD-92023 Final Endorsement of Credit Instrument Form and Instruction	Modified
2502-0016-SUPPORTING STATEMENT A.docx Supporting Statement A	2016-11-30
2502-0606.pdf Supplementary Document	2016-11-30
2502-0016-IPA template.docx Supplementary Document	2016-10-17
24cfr200.100.pdf Supplementary Document	2013-08-19

IC Document Collections

IC ID	Document Title	Status
26979	Final Endorsement of Credit Instrument Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0016	ICR Reference No: 201609-2502-009
Status: Historical Active	Previous ICR Reference No: 201305-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Final Endorsement of Credit Instrument
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/01/2017
	Date Received in OIRA: 11/30/2016
Terms of Clearance: As a reminder, HUD must correctly identify extensions without change and revisions of collections.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2020	36 Months From Approved	01/31/2017
Responses	1,472	0	5,126
Time Burden (Hours)	1,472	0	5,126
Cost Burden (Dollars)	0	0	0

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Abstract: Information collected is used to request final endorsement by HUD of the credit instrument. The mortgagee/lender submits information to indicate the schedule of advances made on the project and final advance to be disbursed immediately upon final endorsement.

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Authorizing Statute(s): PL: Pub.L. 479 - 48 207 Name of Law: National Housing Act
  

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:
	81 FR 63784	09/16/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 85627	11/28/2016
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
Final Endorsement of Credit Instrument	HUD-92023	Request for Final Endorsement of Credit Instrument

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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	1,472	5,126	0	0	-3,654	0
Annual Time Burden (Hours)	1,472	5,126	0	0	-3,654	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 a revision without change of a currently approved collection. The number of respondents was increased based on the Department’s endorsement data for a three-year period. The population naturally increased due to issues in the private market.

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Annual Cost to Federal Government: $947,933

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 11/30/2016

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