The information collected in this package will be to assist individuals in obtaining affordable housing. The information requested by RHS is vital to be able to process applications for RHS assistance and make prudent credit and program decisions. It includes borrowerÂs financial information such as household income, assets and liabilities and monthly expenses. Without this information the Agency would be unable to determine if a borrower would qualify for services or if assistance has been granted to which the customer would not be eligible under current regulations and statutes.
There is an adjustment increase of 35,751 burden hours from our last submission. The increase is attributed to an increase in the number of Loan Servicing information collections due to the recent economic downturn. More borrowers are receiving payment assistance, delinquency workout agreements, moratoriums, etc.
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.