Single Family Premium Collection Subsystem-Periodic (SFPCS-P)

ICR 201806-2502-001

OMB: 2502-0536

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-08-30
Supplementary Document
2018-08-30
Supplementary Document
2018-08-29
Supplementary Document
2018-08-29
Supplementary Document
2018-06-11
Supplementary Document
2015-06-02
IC Document Collections
ICR Details
2502-0536 201806-2502-001
Active 201502-2502-003
HUD/OH
Single Family Premium Collection Subsystem-Periodic (SFPCS-P)
Revision of a currently approved collection   No
Regular
Approved without change 02/08/2019
Retrieve Notice of Action (NOA) 10/23/2018
  Inventory as of this Action Requested Previously Approved
02/28/2022 36 Months From Approved 02/28/2019
7,692 0 24,936
1,154 0 6,234
0 0 0

The SFPCS-P is used to collect monthly mortgage insurance premiums (MIP) from mortgagees. The Credit Reform Act of 1990 requires FHA to report case level mortgage insurance payment information for each endorsement. In addition, 24 CFR 203.264 requires mortgagees to pay monthly MIP's, and 24 CFR 203.269 requires that the MIP's be remitted electronically.

None
None

Not associated with rulemaking

  83 FR 18587 04/27/2018
83 FR 40313 08/14/2018
No

1
IC Title Form No. Form Name
Single Family Premium Collection Subsystem-Periodic (SFPCS-P)

  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 7,692 24,936 0 0 -17,244 0
Annual Time Burden (Hours) 1,154 6,234 0 0 -5,080 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a revision of a currently approved collection. Information on the number of respondents and responses is based on actual HUD data for the past year. As indicated in other areas of this Supporting Statement, the number of MIPs requiring validation varies depending on the number of mortgagees holding loans that require Mortgage Insurance Premium payments. Actual HUD \ FHA data is used to help estimate these numbers. The amount of respondents changes from year to year because it is based on the number of active FHA lenders.

$0
No
    No
    No
No
No
No
Uncollected
Martha Gilcrest 202 402-3331

  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.
10/23/2018


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