Notice2023-24003
60-Day Notice of Proposed Information Collection: Home Equity Conversion Mortgage (HECM) Insurance Application for the Origination of Reverse Mortgages and Related Documents; OMB Control No.: 2502-0524
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 31, 2023
Issuing agencies
Housing and Urban Development Department
Abstract
HUD is seeking approval from the Office of Management and Budget (OMB) for the 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 209 (Tuesday, October 31, 2023)</title>
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[Federal Register Volume 88, Number 209 (Tuesday, October 31, 2023)]
[Notices]
[Pages 74505-74506]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-24003]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7071-N-27]
60-Day Notice of Proposed Information Collection: Home Equity
Conversion Mortgage (HECM) Insurance Application for the Origination of
Reverse Mortgages and Related Documents; OMB Control No.: 2502-0524
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 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: January 2, 2024.
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#1c4c7d6c796e6b736e774e7978697f687573725d7f68537a7a757f795c746978327b736a"><span class="__cf_email__" data-cfemail="c494a5b4a1b6b3abb6af96a1a0b1a7b0adabaa85a7b08ba2a2ada7a184acb1a0eaa3abb2">[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; <a href="/cdn-cgi/l/email-protection#b7f4d8dbd2c3c3d299e7d8dbdbd6c5d3f7dfc2d399d0d8c1"><span class="__cf_email__" data-cfemail="35765a59504141501b655a5959544751755d40511b525a43">[email protected]</span></a> or
telephone
[[Page 74506]]
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) Insurance Application for the Origination of Reverse Mortgages
and Related Documents.
OMB Approval Number: 2502-0524.
Type of Request: Revision of currently approved collection.
Form Number: HUD-92901, HUD-92902, HUD-92051, HUD-92561, HUD-92564-
CN, HUD-92800.5b, HUD-92900-A, HUD 92900-C, HUD-1, HUD-1a, HUD-9991,
HUD-9992, FNMA-1025, FNMA-1003, FNMA-1007, FNMA-1009, FNMA-1004, FNMA-
1004D, FNMA-1004C, FNMA-1073, FNMA-1103, HUD-92541, HUD-92544, NPMA-
99A, NPMA-99B.
Description of the need for the information and proposed use: The
Home Equity Conversion Mortgage (HECM) program is the Federal Housing
Administration's (FHA) reverse mortgage program that enables seniors
who have equity in their homes to withdraw a portion of the accumulated
equity. The intent of the HECM Program is to ease the financial burden
on elderly homeowners facing increased health, housing, and subsistence
costs at a time of reduced income. The currently approved information
collection is necessary to screen mortgage insurance applications in
order to protect the FHA insurance fund and the interests of consumers
and potential borrowers. This collection was revised to align with
current program requirements and recent amendments to the regulations.
Respondents: Mortgagees and Counselors.
Estimated Number of Respondents: 512.
Estimated Number of Responses: 572,680.
Frequency of Response: Varies.
Average Hours per Response: 0.05 to 2.00.
Total Estimated Burdens: $28,462,906.21.
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. 2023-24003 Filed 10-30-23; 8:45 am]
BILLING CODE 4210-67-P
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