APPROVED WITH THE CONDITION THAT HUD, IN THE NEXT SUBMISSION OF THIS PAPERWORK CLEARANCE REQUEST, INCLUDE A DETAILED DESCRIPTION OF THE BURDEN ESTIMATE FOR: (1) 24 CFR 201.2 (LL), WHOLESALE (BASE) PRICE LIS RECORDKEEPING REQUIREMENTS, (2) 24 CFR 201.51(b)(1), REPORT ON PROPERTY CONDITION, (INCLUDING AN EXPLAINATION ON THIS REQUIREMENT BEING "CUSTOMARY AND USUAL"), (3) 24 CFR 201.21(d), MANUFACTURER WARRANTY REQUIREMENTS, INCLUDING SEPERATE ESTIMATES OF THE RECORDKEEPI BURDEN, DISCLOSURE BURDEN, REPORTING BURDEN, AND THE BURDEN IMPOSED BY THE CLAUSE, IN SECTION 201.21(d)(2), STATING THAT THE MANUFACTURER WIL "CORRECT ANY NONCONFORMITY". HUD MUST ALSO SUBMIT AN UPDATED SUPPORTI STATEMENT AND PACKET REFLECTING REVISED BURDEN ESTIMATES. IN ADDITION THE DEPARTMENT IS TO SUBMIT ALL WRITTEN INTERPRETATIONS OF THE WARRANT REQUIREMENTS (24 CFR 201.21(d)), INCLUDING ANY HANDBOOKS, GUIDANCE LETTERS, INTREPRETATIVE LETTERS/BULLETINS, TITLE I LETTERS, OR FEDERAL REGISTER NOTICES WHICH ILLUMINATE THE DEPARTMENT'S CLAIM THAT THE REQUIREMENT TO "CORRECT ANY NONCONFORMITY" WILL BE IMPLEMENTED USING A "RULE OF REASON".
Inventory as of this Action
Requested
Previously Approved
05/31/1986
05/31/1986
451,466
0
0
142,243
0
0
0
0
0
INFORMATION COLLECTIONS ASSOCIATED WITH HUD REQUIREMENTS AND CUSTOMARY INDUSTRY PRACTICES REGARDING LOANS FOR PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS, REFLECTED IN HUD REGULATIONS AT 24 CFR 201. THESE COLLECTIONS ARE NEEDED TO MAKE LOANS AND ADMINISTER THE PROGRAM AND TO ASSURE THAT PRUDENT LENDING IS BEING EXERCISED BY THE LENDER.
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.
TITLE I PROPERTY IMPROVED AND MOBILE HOME PROGRAMS (24 CFR 201)