7 CFR 1927-B, “REAL ESTATE TITLE CLEARANCE AND LOAN CLOSING”
1/07
| Section of Regulation | Title | Form No. (if any) | Estimated No. of Respondents | Reports Filed Annually | Total Annual Responses (D) x (E) | Estimated No. of Man-hours per response | Estimated Total Man-hours (F) x (G) | Wage Class | Total Cost (H) x (I) | |||
| (A) | (B) | (C) | (D) | (E) | (F) | (G) | (H) | (I) | (J) | |||
| REPORTING REQUIREMENTS - NO FORMS | ||||||||||||
| 1927.55 (c) | RD Guide Letter 1927-B-1 | 3,325 | on occasion | 3,325 | 0.08 | 266 | $13.86 | 3,687 | ||||
| REPORTING REQUIREMENTS - FORMS APPROVED IN THIS DOCKET | ||||||||||||
| 1927.58 (d) (1) | Affidavit Regarding Work of Improvement | 1927-5 | 9,533 | on occasion | 9,533 | 0.17 | 1.621 | 13.86 | 22,467 | |||
| 1927.57 (d) (5) | Agreement with Prior Lienholder | 1927-8 | 5,260 | on occasion | 5,260 | 0.08 | 421 | 92.40 | 38,900 | |||
| 1927.55 (d) | Preliminary Title Opinion | 1927-9 | 3,525 | on occasion | 3,525 | 1.50 | 5,288 | 92.40 | 488,611 | |||
| 1927.58 (h) | Final Title Opinion | 1927-10 | 3,525 | on occasion | 3,525 | 0.33 | 1,163 | 92.40 | 107,461 | |||
| 1927.57 (a) | Warranty Deed (state), Joint Tenants | 1927-11 | 4,988 | on occasion | 4,988 | 0.25 | 1,247 | 20.79 | 25,925 | |||
| 1927.57 (a) | Warranty Deed (state) | 1927-12 | 1,663 | on occasion | 1,663 | 0.25 | 416 | 20.79 | 8,649 | |||
| 1927.56 (b) | Loan Closing Instructions/ Loan Closing Statement | 1927-15 | 6,650 | on occasion | 6,650 | 0.50 | 3,325 | 92.40 | 307,230 | |||
| 1927-56 (b)` | Loan Closing Instructions/ Loan Closing Statement | 3550-25 | 17,000 | 
				 | 17,000 | 0.50 | 8,500 | 92.40 | 785,400 | |||
| 1927.56 (b) | Notification of Loan Closing | 1927-16 | 18,410 | on occasion | 18,410 | 0.08 | 1473 | 13.86 | 20,416 | |||
| 1927.54 (b) & (c) | Certification of Attorney | 1927-19 | 3,475 | on occasion | 3,475 | 0.08 | 278 | 13.86 | 3,853 | |||
| 1927.54 (a) & (d) | Certification of Title Insurance Company | 1927-20 | 13,045 | on occasion | 13,045 | 0.08 | 1,044 | 13.86 | 14,470 | |||
| TOTALS: 90,399 25,042 $1,827,069 | ||||||||||||
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| File Type | application/msword | 
| File Title | Section of | 
| Author | Sue Smith | 
| Last Modified By | gale.richardson | 
| File Modified | 2007-01-29 | 
| File Created | 2007-01-17 |