As shown by the changes to this collection, HUD will accurately account for the costs of the form.
Inventory as of this Action
Requested
Previously Approved
09/30/2016
36 Months From Approved
09/30/2013
32,532
0
48,192
4,880
0
7,229
0
0
0
Lenders use the Single Family Premium Collection Subsystem-Upfront (SFPCS-U) to remit the upfront premium to obtain mortgage insurance for the homeowner. The information strengthens HUD's ability to manage and process upfront single-family mortgage insurance premium collections and corrections to submit data. It also improves data integrity for the Single Family Mortgage Insurance Program.
There is a decrease in the number of lenders as lenders merge into other companies. This has resulted in a decrease in responses. Also, HUD has decreased its estimate of burden hours per response because the transactions are all electronic.
$150,000
No
No
No
No
No
Uncollected
Keely Stevenson 202 402-3433
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.