OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Informed Consumer Choice Notice and Application for FHA Insured Mortgage

ICR 202006-2502-001 · OMB 2502-0059 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form Consumer Choice No Application for FHA-Insured Mortgage Form and Instruction Modified Available
2502-0059 Supporting Statement (F).docx Supporting Statement A Uploaded 2020-07-21 Available
92900-b redline.docx Supplementary Document Uploaded 2020-07-20 Repair queued
92561 redline.docx Supplementary Document Uploaded 2020-07-20 Available
HUD Form 92900-A redline.docx Supplementary Document Uploaded 2020-07-20 Available
(2018) HUD 92544 - Redline 11072018.docx Supplementary Document Uploaded 2020-07-20 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
27010 Application for FHA-Insured Mortgage Form and Instruction Modified
ICR Details
2502-0059 202006-2502-001
Active 201808-2502-001
HUD/OH 2502-0059
Informed Consumer Choice Notice and Application for FHA Insured Mortgage
Revision of a currently approved collection   No
Regular
Approved without change 12/21/2020
Retrieve Notice of Action (NOA) 07/21/2020
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved 09/30/2022
5,798,628 0 5,830,999
692,541 0 692,542
0 0 0
The forms and related documents are needed to determine the eligibility of the borrower and proposed mortgage transaction for FHA's insurance endorsement. Lenders seeking FHA's insurance prepare these forms.
US Code: 12 USC 1709 Name of Law: National Housing Act
  
PL: Pub.L. 110 - 185 H.R.5140 Name of Law: Economic Stimulus Act of 2008
Not associated with rulemaking
  84 FR 57464 10/25/2019
85 FR 29959 05/19/2020
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 5,798,628 5,830,999 0 0 -32,371 0
Annual Time Burden (Hours) 692,541 692,542 0 0 -1 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a revision of a currently approved collection; however, there is a change/adjustment due to an increase in FHA endorsement of mortgages. Hi Kim, Attached is the revised collection: • HUD-92900-B, Important Notice to Homebuyers (Redline and FINAL); • HUD-92900-LT, FHA Loan Underwriting and Transmittal Summary (FINAL – there are no changes to this form); • HUD-92561, Borrower's Contract with Respect to Hotel and Transient Use of Property (Redline and FINAL); • HUD-92544, Warranty of Completion of Construction (Redline and FINAL); and • HUD-92900-A, HUD Addendum to Uniform Residential Loan Application (Redline and FINAL). Thanks, Erica A. Garber Home Mortgage Insurance Division
$2,960,022
No
    No
    No
No
No
No
No
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.
07/21/2020