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: 2502-0605	ICR Reference No: 202001-2502-008
Status: Historical Active	Previous ICR Reference No: 201911-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Comprehensive Listing of Transactional Documents for Mortgagors, Mortgagees and Contractors
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR: Yes
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/05/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/12/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2022	06/30/2022	06/30/2022
Responses	26,125	0	26,125
Time Burden (Hours)	49,226	0	49,226
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	26,125	26,125
Annual Time Burden (Hours)	49,226	49,226
Annual Cost Burden (Dollars)	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 a reinstatement, with changes, to a previously approved collection of the existing collection 2502-0605, which has expired. HUD has clarified the extent to which the documents may be submitted electronically. There have also been changes made to the forms that have now been effective for four years. Changes include those suggested by industry stakeholders as well as HUD staff, to more efficiently and effectively explain and clarify the nature of the documents and requirements there. New documents have also been added to the collection as part of this revision, to provide standardized methods for submitting information requests to HUD that were previously being done, but not in a standard way, via an OMB form. The additions are effectuating already existing program requirements. Further, there have been documents added to the collection that were previously listed under various Multifamily Housing collections and were inadvertently omitted from the original ORCF collection as being applicable specifically to ORCF participants. Please note that the forms are still available in the original Multifamily collections, for use by Multifamily participants, and the forms added to this healthcare collection are similar versions but related specifically to healthcare transactions. These additions do create an overall increase to the burden hours noted in the collection, as provided in section 12 above; however, in most cases, these were burden hours already being realized by the participants, since those forms from Multifamily were still being collected by ORCF to verify the necessary submission information, and the requirements for prior HUD approval of certain procedures (such as changing the collateral of a project or the addition of accounts receivable financing) also entailed providing ORCF with documented information, but not in a standardized form. Multifamily was not counting these burden hours in their collection, since they were not aware of the forms being used for healthcare transactions; thus, no duplication of hours was being counted.

Annual Cost to Federal Government: $5,667,253

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. Yes

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. Yes

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: Emmanuel Yeow 865 474-8208