Notice2023-18570
60-Day Notice of Proposed Reinstatement of Expired Information Collection Home Equity Conversion Mortgage (HECM) Counseling Standardization, Application for Certificate of HECM Counseling and HECM Counselor Roster OMB Control No.: 2502-0586
Primary source
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Published
August 29, 2023
Issuing agencies
Housing and Urban Development Department
Abstract
HUD is seeking approval from the Office of Management and Budget (OMB) for the reinstatement of the expired information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
Full Text
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<title>Federal Register, Volume 88 Issue 166 (Tuesday, August 29, 2023)</title>
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[Federal Register Volume 88, Number 166 (Tuesday, August 29, 2023)]
[Notices]
[Pages 59536-59537]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-18570]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7071-N-08]
60-Day Notice of Proposed Reinstatement of Expired Information
Collection Home Equity Conversion Mortgage (HECM) Counseling
Standardization, Application for Certificate of HECM Counseling and
HECM Counselor Roster OMB Control No.: 2502-0586
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
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SUMMARY: HUD is seeking approval from the Office of Management and
Budget (OMB) for the reinstatement of the expired information
collection described below. In accordance with the Paperwork Reduction
Act, HUD is requesting comment from all interested parties on the
proposed collection of information. The purpose of this notice is to
allow for 60 days of public comment.
DATES: Comments Due Date: October 30, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be submitted within 60 days of publication
of this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this
particular information collection by selecting ``Currently under 60-day
Review--Open for Public Comments'' or by using the search function.
Interested persons are also invited to submit comments regarding this
proposal by name and/or OMB Control Number and can be sent to: Colette
Pollard, Reports Management Officer, REE, Department of Housing and
Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410-
5000 or email at <a href="/cdn-cgi/l/email-protection#4717263722353028352c1522233224332e28290624330821212e2422072f322369202831"><span class="__cf_email__" data-cfemail="6a3a0b1a0f181d051801380f0e1f091e0305042b091e250c0c03090f2a021f0e440d051c">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Colette Pollard at
<a href="/cdn-cgi/l/email-protection#9ddef2f1f8e9e9f8b3cdf2f1f1fceff9ddf5e8f9b3faf2eb"><span class="__cf_email__" data-cfemail="41022e2d243535246f112e2d2d203325012934256f262e37">[email protected]</span></a> or telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from
individuals who are deaf or hard of hearing, as well as individuals
with speech or communication disabilities. To learn more about how to
make an accessible telephone call, please visit: <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
Copies of available documents submitted to OMB may be obtained from
Ms. Pollard.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
Section A.
A. Overview of Information Collection
Title of Information Collection: Home Equity Conversion Mortgage
(HECM) Counseling Standardization, Application for HECM Counselor
Roster, and Certificate of HECM Counseling.
OMB Approval Number: 2502-0586.
OMB Expiration Date: August 31, 2018.
Type of Request: Reinstatement, with change, of previously approved
collection for which approval has expired.
Form Numbers: HUD-92902 and HUD-92904.
Description of the need for the information and proposed use:
Reinstatement of previously approved collection to provide and maintain
a current HUD approved HECM counselor roster. Counseling is required
for all borrowers seeking to obtain an HUD insured HECM. The HECM
Counselor examination and the HECM Roster application, HUD Form 92904,
assist HUD in evaluating the knowledge and capacity of individuals
interested in providing HECM counseling to potential HECM borrowers,
thereby satisfying statutory requirements and reducing the risk to the
insurance fund. The addition of the Certificate of HECM Counseling, HUD
Form 92902, which is currently part of OMB Collection 2502-0524, to
this collection is appropriate because the Office of Housing Counseling
regulates all items pertinent to the roles of HUD-approved housing
counselors, which includes HECM Roster Counselors. OMB Collection 2502-
0524 was recently approved by OMB and has an expiration date of 4/30/
2024. Revisions to HUD Form 92902 were necessary as per recommendations
made by HUD OGC to ensure compliance with the Paperwork Reduction Act
burden statement as required in 5 CFR 1320.8(b)(3) and the Privacy Act
Notice requirements in 5 U.S.C. 552a(e)(3).
Respondents: Individuals or households; Not-for-profit
institutions; State, Local or Tribal Government.
Estimated Number of Respondents: 28,459.
Estimated Number of Responses: 28,459.
Frequency of Response:
HECM Counseling Standardization--14,000
HUD-92902, Certification of HECM Counseling--14,000
HUD-92904, Application for HECM Roster Counselor--305
Reporting continuing education for HECM Roster counselor biennial
recertification -152
Termination of an HECM Roster Counselor--Once
Average Hours per Response: 1 hour.
Total Estimated Burden: 45,943 hours.
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Hourly cost
Average Annual per Total annual
Information collection 2502-0586/ Form name/form number Number of Frequency Responses burden burden response respondent
type of respondent collection tool respondents of response per year hours per hours (hourly cost
response wage rate)
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Non-profit (National and Regional Counseling 13,125 1 13,125 1.25 16,406.25 $53.74 $881,671.88
Intermediaries, Multi-State Standardization.
Organizations, Local HUD- approved
HCAs).
[[Page 59537]]
State, Local, or Tribal Government Counseling 875 1 875 1.25 1,093.75 53.74 58,778.13
HCAs. Standardization.
Non-profit (Intermediaries, Multi- ``Certificate of HECM 13,125 1 13,125 2 26,250 53.74 1,410,675.00
State Organizations, Local HCAs). Counseling''/HUD-
92902.
State, Local, or Tribal Govt....... ``Certificate of HECM 875 1 875 2 1,750 53.74 94,045.00
Counseling''/HUD-
92902.
Non-profit (Intermediaries, Multi- ``Application for 244 1 244 1.30 317.20 53.74 17,046.33
State Organizations, Local HCAs). HECM Counselor
Roster'' HUD-92904
and establishing
counseling ID in FHA
Connection system.
State, Local, or Tribal Govt....... ``Application for 61 1 61 1.30 79.30 53.74 4,261.58
HECM Counselor
Roster'' HUD-92904
and establishing
counselor ID in FHA
Connection system.
Non-profit (Intermediaries, Multi- Reporting HECM Roster 122 1 122 .30. 36.60 53.74 1,966.88
State Organizations, Local HCAs). Counselor Continuing
Education course for
Biennial
Recertification.
State, Local, or Tribal Govt....... Reporting HECM Roster 30 1 30 .30 9 53.74 483.66
Counselor Continuing
Education course for
Biennial
Recertification.
Non-profit (Intermediaries, Multi- Written request for 1 1 1 .25 .25 53.74 13.44
State Organizations, Local HCAs). Terminating a HECM
Roster Counselor a
HECM Roster
Counselor.
State, Local, or Tribal Govt....... Written request for 1 1 1 .25 .25 53.74 13.44
Terminating a HECM
Roster Counselor.
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Totals......................... ..................... 28,459 ........... 28,459 ........... 45,943 ........... 2,468,955.34
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* Note: The total annual burden hours has been rounded up to 45,943 hours to be consistent with OMB's system ROCIS.*
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of information described in
Section A on the following:
(1) Whether the proposed collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility;
(2) The accuracy of the agency's estimate of the burden of the
proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(4) Ways to minimize the burden of the collection of information on
those who are to respond; including through the use of appropriate
automated collection techniques or other forms of information
technology, e.g., permitting electronic submission of responses.
HUD encourages interested parties to submit comment in response to
these questions.
C. Authority:
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
chapter 35.
Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2023-18570 Filed 8-28-23; 8:45 am]
BILLING CODE 4210-67-P
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