The cost burden was removed because it monetized (and thus double-counted) the hour burden.
Inventory as of this Action
Requested
Previously Approved
12/31/2009
36 Months From Approved
12/31/2006
50
0
250
25
0
125
0
0
0
One-time certification by mortgages to show that they have acquired hazard insurance acceptable to HUD at a reasonable rate and that the mortgagee may convey fire damaged properties without a surcharge to the claim.
The National Servicing Center reported during the period of July 2005 to June 2006 that of the 53,879 claims filed, 18 actual claims involved damaged property conveyances. The estimated number of cases decreased from 250 to 18 from the last time this PRA was approved. We are estimating 50 cases per year to adjust for the recent natural disasters of 2005. This will be a decrease of 100 burden hours. The number of respondents increased from 250 to 275 to include all loan servicers to whom this collection of information applies and not just those who actually certify.
$825
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Robert Juenger 202 708-1672
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.