HUD shall re-submit this collection as a revision.
Inventory as of this Action
Requested
Previously Approved
09/30/2012
36 Months From Approved
03/31/2013
10,000
0
10,000
5,000
0
5,000
0
0
0
Builders request approval for changes to accepted drawings and specifications of proposed construction properties as required by homebuyers, or determined by the builder to increase market appeal. Builders submit the forms to lenders, who review them and submit them to HUD for approval.
The program has evolved in the last ten years and lenders no longer use this form for anything other than the 203k loans, as a result the number of times the form is used has has diminished. The program allows lenders to use the form but as a practical matter, the form is no longer necessary for changes to new construction where a local government inspects and issues occupancy permits. The form is now used only for changes in plans to a 203k rehabilitation plan. This accounts for the decrease in burden and responses.
$7,751
No
Yes
No
No
No
Uncollected
Ada Bohorfoush 2024025393
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.