Application for the Transfer of Physical Assets

OMB Control No: 2502-0275	ICR Reference No: 201809-2502-003
Status: Active	Previous ICR Reference No: 201511-2502-004
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Application for the Transfer of Physical Assets
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 01/29/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/04/2022
Terms of Clearance: The agency uploaded the correct instrument for the form. In the next resubmission to OMB, the agency will ensure it modifies Question Prompt #2 of Supporting Statement A to provide additional, specific discussion regarding the types of third-party documentation or evidence that is commonly required as a part of submitting this information collection. The agency will also modify Question Prompt #3 to explain whether or not the entirety of this collection (both the form as well as any supplemental documentation) can be submitted electronically by the respondent to the agency. If any portion of this information collection cannot be completed electronically (for example, a requirement for a hand-signed signature) the agency should notify OMB no later than six months prior to re-submission to OMB and provide a specific explanation for why this aspect of the collection cannot be electronic. Finally, the agency will review the entirety of the remainder of the Supporting Statement to ensure it is current.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2027	36 Months From Approved
Responses	27,127	0	0
Time Burden (Hours)	4,340	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Prospective purchasers of properties submit information will mortgages either HUD-insured or HUD held. This is necessary for approval of a transfer of physical assets. Information ensures that the project is not placed in physical, financial, or managerial jeopardy by the transfer.

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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:
	84 FR 19100	05/03/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 56168	10/03/2019
Did the Agency receive public comments on this ICR? Yes

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

IC Title Form No. Form Name Application for the Transfer of Physical Assets HUD-92266 Application for the Transfer of Physical Assets

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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	27,127	0	0	12,393	0	14,734
Annual Time Burden (Hours)	4,340	0	0	-40,740	20,595	24,485
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This is a reinstatement, with change, of previously approved collection for which approval has expired. The change in inventory in item 13 of page 1 reflects project owners that paid or prepaid their mortgage and no longer have a regulatory requirement to report to the Department, and newly insured projects that have been added to the portfolio since last report. Burden hours reflects a correction from earlier reports which addressed every attachment needed to complete a transfer of physical assets. In fact, those attachments are separately addressed in other OMB approvals. Including them in this request amounts to double-counting those attachments and unrealistically inflates the burden hours count for use of the form HUD-92266.

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Annual Cost to Federal Government: $5,455

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

Agency Contact: Harry Messner 202 402-2626

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Common Form ICR:  No

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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: 08/04/2022

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