HUD is requesting the addition of form HUD-50002, Request to Exceed Cost Limits for Preservation and Protection, an increase of 11,500 burden hours. There is an increase in burden hours because the number of annual responses has increased, and HUD has identified and requests approval for recordkeeping hours. However, the number of respondents stated in the last submission as 450 has decreased to 275 respondents because there has been a decrease of mortgagees and servicers. The reason is that a number of smaller mortgagees have opted to discontinue the FHA mortgage lending business, and a number of other mortgagees have consolidated with bigger companies. Many mortgagees do not service their own loans but contract out servicing to approximately 275 mortgage servicing companies.
$14,057,500
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.