View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 2502-0416	ICR Reference No: 200906-2502-004
Status: Historical Active	Previous ICR Reference No: 200709-2502-012
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Request for Termination of Multifamily Mortgage Insurance
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/04/2009
	Date Received in OIRA: 07/16/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2012	36 Months From Approved	09/30/2009
Responses	1,575	0	1,300
Time Burden (Hours)	328	0	285
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	1,575	1,300	275
Annual Time Burden (Hours)	328	285	43
Annual Cost Burden (Dollars)	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: This is an extension of a currently approved collection. There has been an increase in the number of requests to prepay a loan and terminate the multifamily mortgage insurance. This is due to a decrease in interest rates in the previous few years whereby owners have taken advantage of and either prepaid or refinanced their existing FHA-insured loans. Therefore, adjustments were necessary as the number of respondents increased from 500 to 600 since the last submission.

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