HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
ICR 200910-2502-005 · OMB 2502-0005 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0005 can be found here:
HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
This information is required for approval of all FHA Title I lender and Title II mortgagees; issuers of Ginnie Mae mortgage- backed securities. Additional Information is then required of all FHA approved Title I lenders and Title II mortagees to (1) maintain their approval (annual Recertification); (2) add/delete branches; (3) pay additional fees to FHA for annual Recertfica- tion, new branches, and business conversions; (4) report business changes of lender or mortgagee including structure, addresses, and principal owners and officers; (5) report non-compliances detected by lender and mortgagee quality control plans; and .....
September 23, 2009
Ross A. Rutledge
OMB Desk Officer
Office of Management and Budget
New Executive Office Building
Washington, DC 20503
Dear Mr. Rutledge:
The Department is seeking emergency review of the Paperwork Reduction Act requirements contained in the " FHA Lender Approval, Annual Renewal, Periodic Updates and Required Reports from FHA Approved Lenders (Request). The Notice of Paperwork Submission (copy enclosed), proposed for immediate Federal Register publication, explains the burden of the collection requirements and invites public comments on them. This is an emergency review of a revision to information collection 2502-0005 whose expiration date is 05/31/2012.
In compliance with the requirements of 5 CFR 1320.13, this letter requests emergency processing within 14 days from the date of publication. This emergency processing is essential to implement statutory changes related to FHA approved lenders contained in Section 203 of the ÂHelping Families Save Their Homes Act of 2009Â (Public Law 111-22) (the HFSH Act). The HFSH Act establishes: (1) additional ineligibility criteria for FHA-approved lenders and mortgagees including any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the applicant seeking FHA lender approval or any currently approved FHA lender; (2) new reporting requirements if individual employees of the lender are subject to any sanction or any other administrative action, including if there is a revocation of a State-issued mortgage loan originator license issued pursuant to the S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their business name as registered with FHA in all of their marketing materials.
Thank you for your consideration and assistance.
Sincerely,
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for
Housing - Federal Housing Commissioner
US Code:
12 USC 1703
Name of Law: National Housing Act
Approval of an emergency revision is being requested to implement statutory changes related to FHA approved lenders contained in Section 203 of the ÂHelping Families Save Their Homes Act of 2009Â (Public Law 111-22) (the HFSH Act). The HFSH Act establishes: (1) additional ineligibility criteria for FHA-approved lenders and mortgagees including any officer, partner, director, principal, manager, supervisor, loan processor, loan underwriter, or loan originator of the applicant seeking FHA lender approval or any currently approved FHA lender; (2) new reporting requirements if individual employees of the lender are subject to any sanction or any other administrative action, including if there is a revocation of a State-issued mortgage loan originator license issued pursuant to the S.A.F.E. Act; and (3) a new requirement that FHA lenders must use their business name as registered with FHA in all of their marketing materials.
$940,000
No
No
Uncollected
Uncollected
No
Uncollected
Maurice Gulledge 202 708-7400
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.
Form HUD 92001-E HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement
83i 2502-0005 Revised 10-21-09.docx
HUD-FHA Title I/Title II Lender Approval, Annual Recertification, Noncompliance Forms, Reports, Ginnie Mae Issuer Approval, and Credit Watch Termination Reinstatement