Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects

ICR 200905-2502-006 · OMB 2502-0468 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0468 can be found here:

Forms and Documents

Document	Type	Status	Availability
Form HUD 2434 Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects	Form and Instruction	Modified	Repair queued
83i 2502-0468_072909.docx	Supporting Statement A	Uploaded 2009-08-05	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
27213	Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects	Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0468	ICR Reference No: 200905-2502-006
Status: Historical Active	Previous ICR Reference No: 200602-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/07/2009
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/28/2009
Terms of Clearance: HUD is given the entire three year clearance for this collection. However, this collection should be entirely electronic the next time it comes to OMB for approval.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	08/31/2009
Responses	2,000	0	1,526
Time Burden (Hours)	1,050	0	917
Cost Burden (Dollars)	0	0	0

Abstract: Mortgagees provide this information to certify that fees are within acceptable limits and the required escrows will be collected. HUD determines the reasonableness of the fees and uses the information in calculating the financial requirement for closing. The surety bond ensures a project has ample coverage regarding defects.

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 46	03/11/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 101	05/28/2009
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Mortgagee's Certification of Fees and Escrow and Surety Bond Against Defects	HUD 3259, HUD 2434	Mortgagee's Certificate , Surety Bond Against Defects

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	2,000	1,526	474
Annual Time Burden (Hours)	1,050	917	133
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This information is based upon data requested on insured projects from MAP/TAP and inter-office discussions with Field Office Staff.

Annual Cost to Federal Government: $47,341

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Sylvia Chatman 2027080614 ext. 2994

Common Form ICR: No