Section 184 and 184-A Loan Guarantee Programs Servicing Report

ICR 202006-2577-002

OMB: 2577-0293

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Supplementary Document
2020-06-29
Supporting Statement A
2020-06-19
Supplementary Document
2020-06-18
Supplementary Document
2020-06-18
IC Document Collections
IC ID
Document
Title
Status
242306 New
ICR Details
2577-0293 202006-2577-002
Active
HUD/PIH
Section 184 and 184-A Loan Guarantee Programs Servicing Report
New collection (Request for a new OMB Control Number)   No
Emergency 07/10/2020
Approved without change 07/24/2020
Retrieve Notice of Action (NOA) 07/08/2020
  Inventory as of this Action Requested Previously Approved
01/31/2021 6 Months From Approved
6,400 0 0
12,800 0 0
486,400 0 0

Information collected is required under the COVID-19 National Emergency. Lenders and servicers participating in HUD’s Section 184 and 184-A programs must report on loans impacted by COVID-19 on a weekly basis and their entire loan portfolio on a monthly basis. Lenders and servicers must also report which type of loss mitigation option the borrower is under. HUD’s Section 184/184A Servicing Report collects the required data with minimal burden.
The CARES Act mandates that all lenders participating in HUD loan guarantee programs provide an immediate forbearance for any borrower impacted by, and requesting relief from, the COVID-19 National Emergency. The Act also allows lenders to seek payment of the forgone mortgage payments at the end of the forbearance period, provided that the borrower meets specified criteria. In early May 2020, HUD issued Dear Lender Letter 2020-06 detailing loss mitigation options in response to the COVID-19 National Emergency. This letter states: Lenders and servicers must report on COVID impacted loans on a weekly basis and their entire loan portfolio on a monthly basis.

US Code: 42 USC Chapter 35 as amended Name of Law: Section 3506 of the Paperwork Reduction Act
   US Code: 44 USC Chapter 35 as amended Name of Law: Section 3506 of the Paperwork Reduction Act
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Section 184/184A Servicing Report HUD-XXXX Section 184/184A Loan Guarantee Program Servicing Report

  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 6,400 0 0 6,400 0 0
Annual Time Burden (Hours) 12,800 0 0 12,800 0 0
Annual Cost Burden (Dollars) 486,400 0 0 486,400 0 0
Yes
Miscellaneous Actions
No
Information collected is required under the COVID-19 National Emergency. Lenders and servicers participating in HUD’s Section 184 and 184-A programs must report on loans impacted by COVID-19 on a weekly basis and their entire loan portfolio on a monthly basis. Lenders and servicers must also report which type of loss mitigation option the borrower is under. HUD’s Section 184/184A Servicing Report collects the required data with minimal burden.

No
    No
    No
No
No
No
Yes
Deana Ohara 202 402-4228

  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.
07/08/2020


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