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Federal forms, ICRs, and supporting documents

Information Collection Request

HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value

ICR 201401-2502-001 · OMB 2502-0494 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD-92800.5B HUD Conditional Commitment/Direct Endorsement Statement of Apraised Value Form and Instruction Modified Repair queued
Supporting Statement A.docx Supporting Statement A Uploaded 2014-01-31 Available
IC Document Collections
IC IDCollectionTypeStatusForm
27234 HUD Conditional Commitment/Direct Endorsement Statement of Apraised Value Form and Instruction Modified
ICR Details
2502-0494 201401-2502-001
Historical Active 201010-2502-011
HUD/OH
HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value
Revision of a currently approved collection   No
Regular
Approved without change 05/30/2014
Retrieve Notice of Action (NOA) 03/31/2014
  Inventory as of this Action Requested Previously Approved
05/31/2017 36 Months From Approved 05/31/2014
900,000 0 5,668
108,000 0 680
0 0 0
The information is used by appraisers and/or underwriters upon their review of the appraisal report (USAR) to determine if a property meets FHA guidelines to be eligible for HUD mortgage insurance. Underwriters are required to sign and submit a copy of the completed form to HUD for endorsement as part of the case binder; to provide a copy to the homebuyer; and to maintain a copy for the mortgagee.
US Code: 12 USC Section 203 1701 et. seq. Name of Law: National Housing Act
  
None
Not associated with rulemaking
  78 FR 69704 11/20/2013
79 FR 17173 03/27/2014
No
  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 900,000 5,668 0 894,332 0 0
Annual Time Burden (Hours) 108,000 680 0 107,320 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The number of respondents has been corrected to show all FHA approved lenders. FHA loan volume has increased, but all lenders contacted provide borrowers with appraisals in lieu of the form HUD-92800.5B. In the last 12 months 5,668 loans have required repairs and HUD-92800.5B was required to be presented to the borrower in these cases in order for the borrower to be informed regarding what repairs are necessary for the property to be safe, sound and secure. The form is required to be included in all case binders for FHA-insured mortgages. For most mortgages the form is not provided to the borrower, the form is provided to the borrower when the repairs to the home were required.
$57,600
No
No
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.
03/31/2014