View Information Collection Request (ICR) Package

OMB Control No: 2502-0536	ICR Reference No: 202312-2502-001
Status: Active	Previous ICR Reference No: 202106-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Single Family Premium Collection Subsystem-Periodic (SFPCS-P)
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: 03/10/2025
	Date Received in OIRA: 12/03/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	03/31/2025
Responses	7,708	0	8,760
Time Burden (Hours)	1,156	0	1,314
Cost Burden (Dollars)	0	0	0

Abstract: The SFPCS-P is used to collect monthly mortgage insurance premiums (MIP) from mortgagees. The Credit Reform Act of 1990 requires FHA to report case level mortgage insurance payment information for each endorsement. In addition, 24 CFR 203.264 requires mortgagees to pay monthly MIP's, and 24 CFR 203.269 requires that the MIP's be remitted electronically.

Authorizing Statute(s): US Code: 2 USC 661 Name of Law: Federal Credit Reform Act of 1990

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:
	89 FR 67957	08/22/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 87885	11/05/2024
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Single Family Premium Collection Subsystem - Periodic (SFPCS-P)

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	7,708	8,760	-1,052
Annual Time Burden (Hours)	1,156	1,314	-158
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This is a revision of a currently approved collection. Information on the number of respondents and responses is based on actual HUD data for the past year. As indicated in other areas of this Supporting Statement, the number of MIP payments requiring validation varies depending on the number of mortgagees holding loans that require Mortgage Insurance Premium payments. Actual HUD\FHA data is used to help estimate these numbers. The annual burden hours have decreased. The number of respondents changes annually because it is based on the number of active FHA lenders. Additionally, there are two existing processes being added to this submission that lenders utilize to supplement the FHA MIP collection process titled “Single Family Monthly (Periodic) Premium Alternate Report Retrieval Process Signup Sheet and the Single Family Monthly (Periodic) Premium Pay.gov Batch Transmission Signup Sheet.”

Annual Cost to Federal Government: $1,593,152

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: Ian Davis 202 402-4305

View ICR - OIRA Conclusion