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View ICR - OIRA Conclusion

OMB Control No: 2502-0322	ICR Reference No: 201608-2502-011
Status: Historical Active	Previous ICR Reference No: 201305-2502-007
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Disclosure of Adjustable Rate Mortgages (ARMs) Rates
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: 03/01/2017
	Date Received in OIRA: 12/20/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	02/28/2017
Responses	164,447	0	215,306
Time Burden (Hours)	8,222	0	10,765
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	164,447	215,306	-50,859
Annual Time Burden (Hours)	8,222	10,765	-2,543
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: there are currently 164,447 active ARM loans, which is a decrease of 55,553 loans requiring annual disclosure. The decrease in respondents results from fewer FHA-approved lenders now that FHA no longer recognizes loan correspondents as FHA-approved lenders. The increase in annual responses and burden hours results from the more FHA-insured ARM loans since the previous submission

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