As shown by the changes to this collection, HUD shall continue to accurately calculate and explain adjustments.
Inventory as of this Action
Requested
Previously Approved
08/31/2015
36 Months From Approved
08/31/2012
18,432
0
14,400
2,765
0
2,160
0
0
0
The SFPCS-P is used to collect monthly mortgage insurance premiums (MIP) from mortgagees. The Credit Reform Act of 1990 requires FHA to report case level mortgage insurance payment information for each endorsement. In addition, 24 CFR 203.264 requires mortgagees to pay monthly MIP's, and 24 CFR 203.269 requires that the MIP's be remitted electronically.
Information on the number of respondents and responses is based on actual HUD data for the past year.
$53,120
No
No
No
No
No
Uncollected
Dilip Mathew 202 402-3838
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_(3)[1].doc
Single Family Premium Collection Subsystem-Periodic (SFPCS-P)