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Federal forms, ICRs, and supporting documents

Information Collection Request

Informed Consumer Choice Notice and Application for FHA Insured Mortgage

ICR 200804-2502-005 · OMB 2502-0059 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD-92900-A Application for FHA-Insured Mortgage Form Modified Available
83C-2502-0059.doc Justification for No Material/Nonsubstantive Change Uploaded 2008-04-15 Available
IC Document Collections
IC IDCollectionTypeStatusForm
27010 Application for FHA-Insured Mortgage Form Modified
ICR Details
2502-0059 200804-2502-005
Historical Active 200708-2502-004
HUD/OH
Informed Consumer Choice Notice and Application for FHA Insured Mortgage
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved with change 06/25/2008
Retrieve Notice of Action (NOA) 04/15/2008
  Inventory as of this Action Requested Previously Approved
11/30/2010 11/30/2010 11/30/2010
4,619,800 0 2,377,000
394,950 0 225,050
0 0 0
The addendum to the URLA and related documents are needed to determine the eligibility of the borrower and proposed mortgage transaction for FHA's insurance endorsement. Lenders seeking FHA's insurance prepare these forms.
US Code: 12 USC 1709 Name of Law: National Housing Act
  
PL: Pub.L. 110 - 185 H.R.5140 Name of Law: Economic Stimulus Act of 2008
Not associated with rulemaking
  72 FR 120 06/22/2007
72 FR 176 09/12/2007
No
1
IC Title Form No. Form Name
Application for FHA-Insured Mortgage HUD 92900-LT, HUD-92900-A, HUD-92561, HUD-92544, Consumer Choice Note Addendum to URLA ,   Mortgagor's Contract ,   Warranty of Completion of Construciton ,   Consumer Choice Note ,   FHA Loan and Underwriting and Summary Transmittal
  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 4,619,800 2,377,000 2,242,800 0 0 0
Annual Time Burden (Hours) 394,950 225,050 169,900 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
HUD requests a change to this information collection. The recently approved Economic Stimulus Act will affect endorsements of FHA-loans for 2 quarters of FY 2008 and one quarter of FY 2009. The new stimulus package includes housing provisions designed to help borrowers and stabilize the housing and mortgage markets. The Economic Stimulus Act permits loan limits to temporarily increase to a ceiling of $729,750 (175% of the conforming limit). HUD projects an increase of 340,000 in loans that are over the current conforming limits of $417,000.
$897,653
No
No
Uncollected
Uncollected
Uncollected
Uncollected
James Beavers 202 708-2121 ext. 2205
  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.
04/15/2008