This collection is approved for only two years due to lack of full GPEA compliance.
Inventory as of this Action
Requested
Previously Approved
05/31/2011
36 Months From Approved
05/31/2009
20
0
25
20
0
13
0
0
0
Mortgagees must obtain written consent from HUD's National Servicing Center to accept a deed-in-lieu of foreclosure when the mortgagor is a corporate mortgagor or a mortgagor owning more than one property insured by the Department of Housing and Urban Development (HUD). Mortgagees must provide HUD with specific information.
US Code:
12 USC 1710
Name of Law: Excerpt from the National Housing Act Payment of Insurance
HUD has received no request to accept deeds-in-lieu of foreclosure from corporate mortgagors or mortgagors owning more than one property for the past several years. However, given the recent influx of foreclosures in the mortgage industry, HUD could potentially receive approximately 20 submissions annually. The adjustment to the burden hours reflects a more accurate response time for respondents to complete the request for deeds-in-lieu.
$620
No
No
Uncollected
Uncollected
No
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.
ICR 2502-0301.docx
Deed-in-Lieu of Foreclosure (Corporate Mortgagors or Mortgagors Owning More than One Property)