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Federal forms, ICRs, and supporting documents

Information Collection Request

HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value

ICR 201704-2502-002 · OMB 2502-0494 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD-92800.5B HUD Conditional Commitment/Direct Endorsement Statement of Apraised Value Form and Instruction Modified Available
IPA.pdf Supplementary Document Uploaded 2017-04-26 Available
Published 60-day FR on 12-20-16 (2502-0494).pdf Supplementary Document Uploaded 2017-04-26 Available
2502-0494 Supplemetal Statement 09 22 2016 revised 09 12 2017 Supporting Statement.docx Supporting Statement A Uploaded 2017-10-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
27234 HUD Conditional Commitment/Direct Endorsement Statement of Apraised Value Form and Instruction Modified
ICR Details
2502-0494 201704-2502-002
Active 201401-2502-001
HUD/OH
HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 12/28/2017
Retrieve Notice of Action (NOA) 10/25/2017
  Inventory as of this Action Requested Previously Approved
12/31/2020 36 Months From Approved
928,119 0 0
111,374 0 0
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
  81 FR 92839 12/20/2016
82 FR 27857 06/19/2017
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 928,119 0 0 0 28,119 900,000
Annual Time Burden (Hours) 111,374 0 0 0 3,374 108,000
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The number of respondents has been corrected to show all FHA approved lenders and allowing for stragglers and small lenders. FHA loan volume has increased, but all lenders contacted provide borrowers with appraisals in lieu of the form HUD-92800.5B. 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. Reportedly, available data do not capture the number of properties for which repairs are required, other than Section 203k.
$59,400
No
    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.
10/25/2017