Request for Termination of Multifamily Mortgage Insurance

OMB Control No: 2502-0416	ICR Reference No: 201205-2502-012
Status: Historical Active	Previous ICR Reference No: 200906-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Request for Termination of Multifamily Mortgage Insurance
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  Yes
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/26/2012
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/19/2012
Terms of Clearance: As shown by the changes made to this collection, HUD shall continue to specify to whom respondents should submit comments on each collection instrument.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2012
Responses	2,086	0	1,575
Time Burden (Hours)	368	0	328
Cost Burden (Dollars)	0	0	0

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Abstract: This information is submitted to HUD as notification that the mortgagor and mortgagee mutually agree to terminate HUD multifamily mortgage insurance.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 18849	03/28/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 35705	06/14/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name Request for Termination of Multifamily Mortgage Insurance HUD-9807 Insurance Termination Request for Multifamily Mortgage

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	2,086	1,575	0	0	511	0
Annual Time Burden (Hours)	368	328	0	0	40	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There has been an increase in the number of requests to prepay a loan and terminate the multifamily mortgage insurance. This is due to the decrease in interest rates in the previous few years whereby owners have taken advantage and either prepaid or refinanced their existing FHA-insured loans to recapitalize their projects and preserve them as affordable housing. Therefore, adjustments were necessary as the number of responses increased from 1,300 to 2,086 since the last submission. Increased burden hours denote a more thorough explanation of the information provided.

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Annual Cost to Federal Government: $89,698

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Cindy Bridges 202 708-2654 ext. 2603

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Common Form ICR:  Yes

Description/Changes for Common Form Usage:  No changes to form.

Approved RCFs using this ICR

Agency/Sub Agency RCF ID RCF Title RCF Status IC Title

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 06/19/2012

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