This request is returned as improperly submitted. The agency should resubmit with consistent paperwork burden estimates.
Inventory as of this Action
Requested
Previously Approved
08/31/2011
36 Months From Approved
11/30/2011
36,264
0
36,264
108,792
0
108,792
0
0
0
HUD is implementing a mortgage relief program entitled the Emergency Homeowners Loan Program. The program will offer a declining balance, deferred payment "bridge loan" (non-recourse, subordinate loan with zero interest) for up to $50,000 to assist eligible homeowners with payments of arrearages, including mortgages, delinquent taxes, insurance premiums, condominium or homeowners association fees; late fees; and certain foreclosure-related attorney's fee. In addition to payment of arrearages, EHLP funds may also be used to assist eligible homeowners to make up to 24 months of mortgage payments on their mortgage principal, interest, taxes and insurance (PITI), as well as condominium/homeowner association fees, as applicable.
There have been no major changes to the way the program is administered since the previous collection request. However, draft HUD- forms have been created for the data elements approved in the initial collection (2502-0597). Draft forms are attached. The collection is required to determine homeowner eligibility to participate in the Emergency Homeowners Loan Program. Also, a third party organization acting as HUD's Fiscal Agent will electronically collect reinstatement data from mortgage servicers upon HUD's request.
$8,703,360
No
No
No
Yes
No
Uncollected
Ruth Roman 202 402-2112
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.
Supporting Statement A.docx
Emergency Homeownership Loan Program