US Code

Public Law 119-73 (01/23/2026)

42 U.S.C. § 3541

Paperwork reduction

(a)

Declaration of policy

The Congress finds and declares—
(1)
that various departments, agencies, and instrumentalities of the Federal Government with responsibilities involving housing and housing finance programs, require, approve, use or otherwise employ a variety of different forms as residential mortgages (or deeds of trust or similar security instruments) as notes secured by those mortgages, and for applications, appraisals and other purposes, and that such duplication of forms constitutes a paperwork burden that adds to the costs imposed on the Nation’s homeowners and home buyers;
(2)
that unnecessary paperwork impairs the effectiveness of Federal housing and housing finance programs;
(3)
that both single-family and multi-family programs are affected; and
(4)
that simplification of paperwork imposed by Federal housing and housing finance programs would contribute to achieving the Nation’s housing goals by reducing housing costs.
(b)

Uniform legal and other forms for use by agencies in housing programs

(1)
Not later than , the Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Secretary of Veterans Affairs shall, consistent with provisions of law governing the conduct of housing programs, employ in their respective programs—
(A)
uniform single-family and multi-family note and mortgage forms;
(B)
a uniform application form for mortgage approval and commitment for mortgage insurance;
(C)
a uniform form for computation of the monthly net effective income of applicants;
(D)
a uniform property appraisal form;
(E)
12 U.S.C. 2601 a uniform settlement statement which shall satisfy the requirements of the Real Estate Settlement Procedures Act of 1974 [ et seq.]; and
(F)
such other consolidated or simplified forms, particularly those which solicit identical or nearly identical information from the same persons in the conduct of two or more such programs, the consolidation or simplification of which the Secretaries of Housing and Urban Development and Agriculture and the Secretary of Veterans Affairs mutually agree would contribute to a reduction in the paperwork and regulatory burden of such programs.
(2)
The Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Secretary of Veterans Affairs shall, consistent with provisions of law governing their respective programs, provide by regulation for the elimination of forms which solicit information which is already available from other available sources through indexing or other means of identifying such forms.
(3)
Each agency referred to in subsection (b) may employ riders, addenda, or similar forms of modification agreements to adapt such uniform forms to its respective programs and policies, consistent with the goals of minimizing the use and extent of such modification agreements and maximizing the suitability of such forms for the use of all participants, public and private.
(c)

Coordination and reports by Director of Office of Management and Budget

Public Law 93–556The Director of the Office of Management and Budget shall coordinate and monitor the development and implementation by Federal departments and agencies of the efforts required by subsection (b) and shall report to the Congress on such development and implementation and with respect to any provisions of law which unnecessarily prevent such departments and agencies from carrying out the provisions of this section as part of each report required under . Such report shall include an estimate of the reduction of the level of paperwork burden hours of the affected agencies as allocated by the Office of Management and Budget.

Pub. L. 95–557, title IX, § 90592 Stat. 2126Pub. L. 96–153, title III, § 32893 Stat. 1121Pub. L. 98–479, title II, § 204(n)(4)98 Stat. 2234Pub. L. 102–54, § 13(q)(10)105 Stat. 281(, , ; , , ; , , ; , , .)

Editorial Notes

References in Text

Pub. L. 93–53388 Stat. 1724section 2601 of Title 12The Real Estate Settlement Procedures Act of 1974, referred to in subsec. (b)(1)(E), is , , , which is classified principally to chapter 27 (§ 2601 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Public Law 93–556Pub. L. 93–55688 Stat. 1789section 3501 of Title 44, referred to in subsec. (c), is , , , which is set out as a note under , Public Printing and Documents.

Codification

Section was not enacted as part of the Department of Housing and Urban Development Act which comprises this chapter.

Amendments

Pub. L. 102–541991—Subsec. (b)(1), (2). substituted “Secretary of Veterans Affairs” for “Administrator of Veterans’ Affairs” wherever appearing.

Pub. L. 98–4791984—Subsec. (b)(1)(E). inserted “of 1974” after “Act”.

Pub. L. 96–1531979—Subsec. (a). reenacted subsec. (a) without change.

Pub. L. 96–153Subsec. (b). substituted, in provision preceding par. (1)(A), “Not later than , the Secretary of Housing and Urban Development, the Secretary of Agriculture, and the Administrator of Veterans’ Affairs shall, consistent with provisions of law governing the conduct of housing programs,” for “Insofar as it is practicable and to the extent that such action would result in a reduction in paperwork and regulatory burden, the Department of Housing and Urban Development and the Veterans’ Administration shall”, inserted reference to Secretary of Agriculture in par. (1)(F), added par. (2), redesignated former par. (2) as (3), and struck out former par. (3), which authorized the President to require the Farmers Home Administration and Administrator of the Farmers Home Administration to comply with the requirements of this section if such compliance would contribute to a reduction in the paperwork and regulatory burden of housing and housing finance programs administered by that agency.

Pub. L. 96–153Subsec. (c). inserted provision requiring the reports to include an estimate of the reduction of the level of paperwork burden hours of the affected agencies as allocated by the Office of Management and Budget.