View Information Collection Request (ICR) Package

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: 2502-0494	ICR Reference No: 200709-2502-010
Status: Historical Active	Previous ICR Reference No: 200407-2502-007
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value
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: 01/17/2008
	Date Received in OIRA: 09/20/2007
Terms of Clearance: HUD will update OMB if there is reduction in burden or costs due to automation or elimination of a need to provide a paper form at closing.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2011	36 Months From Approved	01/31/2008
Responses	425,000	0	1,200,000
Time Burden (Hours)	51,000	0	144,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	425,000	1,200,000	-775,000
Annual Time Burden (Hours)	51,000	144,000	-93,000
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: The number of respondents has been corrected to show all FHA approved lenders. FHA loan volume has decreased, reducing the respones, burden hours, and cost. Additionally, lenders increasingly provide borrowers with appraisals in lieu of the HUD 928005.B which negates the need for the disclosure.

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