HUD Multifamily Rental Project Closing Documents

Forms and Documents

Document Name	Status
Supporting Statement A.doc Supporting Statement A	2014-09-15
83C 2502-0598r1.doc Justification for No Material/Nonsubstantive Change	2014-09-15
2011 2502-0598 forms.zipx Supplementary Document	2014-09-15
2502-0598 List of Forms.docx Supplementary Document	2014-09-15
Laws & Regs for MF Closing Docs.zipx Supplementary Document	2010-12-20

IC Document Collections

IC ID	Document Title	Status
195722	HUD Multifamily Closing Documents Other-Forms and Instructions	Unchanged

ICR Details

OMB Control No: 2502-0598	ICR Reference No: 201409-2502-005
Status: Historical Active	Previous ICR Reference No: 201310-2502-009
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: HUD Multifamily Rental Project Closing Documents
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/10/2014
	Date Received in OIRA: 09/16/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2017	06/30/2017	06/30/2017
Responses	23,455	0	23,455
Time Burden (Hours)	18,473	0	18,473
Cost Burden (Dollars)	0	0	0

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Abstract: HUD is seeking to ammend certain Federal Housing Administration(FHA)forms to reflect current HUD policy in the area of multifamily rental projects.

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Authorizing Statute(s): US Code: 12 USC 1702-1715z-21 Name of Law: null
   US Code: 42 USC 3535(d) Name of Law: null
  

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:
	78 FR 64525	10/29/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 18305	04/01/2014
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
HUD Multifamily Closing Documents

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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	23,455	23,455	0	0	0	0
Annual Time Burden (Hours)	18,473	18,473	0	0	0	0
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: No

Burden Reduction Due to:

Short Statement: The number of 655 annual submissions is based on an average of the number of closings for the last three fiscal years. Also, two new forms have been added to the collection. This accounts for the increase in annual responses and burden hours.

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Annual Cost to Federal Government: $535,050

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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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: 09/16/2014

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