Lenders provide information required to determne the eligibility of a mortgage to be insured under Section 513 of the Housing and Community Development Act of 1992 (Section 106 of the Energy Policy Act of 1992).
US Code:
42 USC C12712
Name of Law: The Public Health and Welafre
FHA's system records show that there are 110 approved FHA lenders who currently originate EEMs. The number of FHA endorsed loans (605) was used to reflect a more accurate picture of the collection activity. To use the number of FHA approved lenders (as done in the past) appears to misrepresent of the accuracy of the burden due to the fact that some lenders may process more EEM cases than others and have more FHA business than other lenders.
$30,660
No
Yes
No
No
No
Uncollected
Trish McBarron 202 402-5389
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.