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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
0575-0147
ICR Reference No:
201904-0575-002
Status:
Active
Previous ICR Reference No:
201610-0575-002
Agency/Subagency:
USDA/RHS
Agency Tracking No:
Title:
Real Estate Title Clearance and Loan Closing - 7 CFR 1927-B
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
08/19/2021
Retrieve Notice of Action (NOA)
Date Received in OIRA:
02/26/2020
Terms of Clearance:
In accordance with 5 CFR 1320, the information collection is approved for three years. For all USDA forms included in this collection but not approved under a 0575 control number, the agency that developed this form must convert it to a common form, and RHS must submit a RCF for their total agency burden for use of this form, including the burden from this collection, all prior to the next renewal. For all 0575 forms included in this collection, not approved under 0575-0147, and used by any other agency other than RHS, RHS must convert this form to a common form prior to the next renewal and advise the other agency to submit their usage under a RCF. For all 0575 forms included in this collection, not approved under 0575-0147, and only used by RHS, RHS must merge the burden for their total agency use of this form into a single ICR under one OMB control number prior to the next renewal. Prior to the next renewal, please ensure that all forms display the OMB control number, expiration date, and PRA burden statement.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2024
36 Months From Approved
08/31/2021
Responses
22,214
0
29,450
Time Burden (Hours)
2,957
0
3,929
Cost Burden (Dollars)
0
0
0
Abstract:
This regulation promulgates the policies and procedures or real estate title clearance and closing of loans, assumptions, voluntary conveyances, and credit sales in connection with insured loans. This regulation does not apply to guaranteed loans.
Authorizing Statute(s):
US Code:
7 USC 1926a
Name of Law: Consolidated Farm and Rural Development Act
PL:
Pub.L. 102 - 550 501
Name of Law: Housing Act of 1949
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
84 FR 24075
05/24/2019
30-day Notice:
Federal Register Citation:
Citation Date:
85 FR 10647
02/25/2020
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
7 CFR 1927 - Private Sector
3550-25, 1927-19, 1927-05, 1927-08, 1927-20, 1927-09, 1927-10
Affidavit Regarding Work of Improvement
,
Agreement with Prior Lienholder
,
Preliminary Title Opinion
,
Final Title Opinion
,
Cetification of Attorney
,
Certification of Title Insurance Company
,
RD Form 3550-25
7 CFR 1927-B, "Real Estate Title Clearance and Loan Closing"
1927-05, 1927-08, 1927-09, 1927-20, 1927-10, 1927-19, 3550-25
Affidavit Regarding Work of Improvement
,
Agreement with Prior Lienholder
,
Preliminary Title Opinion
,
Final Title Opinion
,
Certification of Attorney
,
Certification of Title Insurance Company
,
RD Form 3550-25
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
22,214
29,450
0
0
-7,236
0
Annual Time Burden (Hours)
2,957
3,929
0
0
-972
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:
Since the last submission, respondents have declined accounting for the decrease in responses and burden.
Annual Cost to Federal Government:
$3,291,120
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:
Robin Jones 202 772-1172 robin.m.jones@wdc.usda.gov
Common Form ICR:
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:
(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:
02/26/2020