Notice2025-21926
30-Day Notice of Proposed Information Collection: Comment Request Performing Loans Servicing for the Home Equity Conversion Mortgage (HECM)
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
December 4, 2025
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 comments from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 30 days of public comment.
Full Text
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<title>Federal Register, Volume 90 Issue 231 (Thursday, December 4, 2025)</title>
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[Federal Register Volume 90, Number 231 (Thursday, December 4, 2025)]
[Notices]
[Pages 55877-55878]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21926]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7092-N 38; OMB Control No.: 2502-0611]
30-Day Notice of Proposed Information Collection: Comment Request
Performing Loans Servicing for the Home Equity Conversion Mortgage
(HECM)
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 comments
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 30 days of public comment.
DATES: Comments Due Date: January 5, 2026.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection should be sent within 30 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 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Anna Guido, PRA Compliance Officer,
Paperwork Reduction Act Division, PRAD, Department of Housing and Urban
Development, 451 7th Street SW, Room 8210, Washington, DC 20410; email
at <a href="/cdn-cgi/l/email-protection#edbd8c9d889f9a829f86bf8889988e99848283ac8e99a28b8b848e88ad859889c38a829b"><span class="__cf_email__" data-cfemail="d181b0a1b4a3a6bea3ba83b4b5a4b2a5b8bebf90b2a59eb7b7b8b2b491b9a4b5ffb6bea7">[email protected]</span></a>, ATTN: Anna Guido, telephone
(202) 402-5535. This is not a toll-free number. HUD welcomes and is
prepared to receive calls om 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. Guido.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
Section A. The Federal Register notice that solicited public comment on
the information collection for a period of 60 days was published on
November 1, 2024 at 89 FR 87394.
A. Overview of Information Collection
Title of Information Collection: Performing Loans Servicing for the
Home Equity Conversion Mortgage (HECM).
OMB Approval Number: 2502-0611.
Type of Request: Reinstatement, with change.
Form Number: HUD-50002, HUD-50012 (screenshot).
Description of the need for the information and proposed use: This
information request is a comprehensive collection of requirements for
mortgagees that service HECMs and HECM borrowers, who are involved with
servicing-related activities that includes collection and payment of
mortgage insurance premiums, escrow account administration, providing
loan information and customer service.
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Number of Frequency of Responses per Burden hour Annual burden Hourly cost
Information collection respondents response annum per response hours per response Annual cost
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Set-Aside Account Administration
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Property Charge Payments.............. 20.00 20,000.00 400,000.00 0.50 200,000.00 $24.54 $4,908,000.00
Evidence That Property Charges Have 20.00 17,500.00 350,000.00 0.20 70,000.00 24.54 1,717,800.00
Been Paid............................
Execution of Payment Plan Changes..... 20.00 1,000.00 20,000.00 0.50 10,000.00 24.54 245,400.00
Surplus in Set-Aside Account.......... 20.00 1,250.00 25,000.00 0.20 5,000.00 24.54 122,700.00
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Mortgage Insurance Premiums (MIP)
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Monthly MIP Payments.................. 20.00 330,000.00 6,600,000.00 0.10 660,000.00 24.54 16,196,400.00
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Property Repair Administration
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Requests for Disbursement of Funds.... 20.00 376.25.00 7,525.00 0.40 3,010.00 24.54 73,865.40
Extension Request to Complete Repairs 20.00 250.00 5,000.00 0.40 2,000.00 24.54 49,080.00
Required as a Condition of the
Mortgage.............................
Report of Hazard Insurance Claims..... 20.00 250.00 5,000.00 0.40 2,000.00 24.54 49,080.00
Request for Inspection of Repairs in 20.00 250.00 5,000.00 0.40 2,000.00 24.54 49,080.00
Order to Release Funds...............
Request for Excess Repair Set Aside 20.00 250.00 5,000.00 0.40 2,000.00 24.54 49,080.00
Funds to Be Disbursed to the Borrower
or Moved into the Line of Credit
after Repairs Are Completed..........
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Compliance
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Annual Occupancy Certification........ 20.00 25,000.00 500,000.00 0.10 50,000.00 24.54 1,227,000.00
Model Doc HECM Borrower and Non- 20.00 25.00 500.00 0.10 50.00 24.54 1,227.00
Borrowing Spouse Certification.......
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HECM Loss Mitigation
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Referral to HECM Counselor............ 20.00 1,250.00 25,000.00 0.10 25,000.00 24.54 61,350.00
Referring the borrower to federal or 20.00 375.00 7,500.00 0.10 750.00 24.54 18,405.00
state or local programs for
assistance...........................
HECM Loan Refinance................... 20.00 250.00 5,000.00 0.50 2,500.00 24.54 61,350.00
Attempting to negotiate a repayment 20.00 625.00 12,500.00 0.50 6,250.00 24.54 153,375.00
plan.................................
Borrowers providing evidence of 20.00 112.50 2,250.00 0.25 562.50 24.54 13,803.75
application to any such available
programs.............................
Borrower providing confirmation of 20.00 112.50 2,250.00 0.25 562.50 24.54 13,803.75
approval for assistance..............
[[Page 55878]]
Execution of any agreed-upon repayment 20.00 375.00 7,500.00 0.50 3,750.00 24.54 92,025.00
plan.................................
Request for a Change in Payment Plan.. 20.00 150.00 3,000.00 0.25 750.00 24.54 18,405.00
Repayment Plan Administration......... 20.00 375.00 7,500.00 0.25 1,875.00 24.54 46,012.50
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Post-Due and Payable Events
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Providing a Letter of Intent to Select 20.00 1,250.00 25,000.00 0.25 6,250.00 24.54 153,375.00
an Option Other Than Foreclosure.....
Signature to a Deed in Lieu of 20.00 375.00 7,500.00 0.25 1,875.00 24.54 46,012.50
Foreclosure If That Option Is
Selected.............................
Providing a Listing Agreement and the 20.00 625.00 12,500.00 0.25 3,125.00 24.54 76,687.50
Sales Contract.......................
Loss Mitigation Reporting............. 20.00 1,500.00 30,000.00 0.17 5,100.00 24.54 125,154.00
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Due and Payable Events
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Requesting Due and Payable Designation 20.00 752.50 15,050.00 0.10 1,505.00 24.54 36,932.70
Providing Legal Documents Such as 20.00 18.75 375.00 0.33 123.75 24.54 3,036.83
Power of Attorney or Trust...........
Borrower or Estate Notification of a 20.00 1,250.00 25,000.00 0.17 4,250.00 24.54 104,295.00
Due and Payable Event................
Providing Mortgagee with a Death 20.00 375.00 7,500.00 0.33 2,475.00 24.54 60,736.50
Certificate or Evidence of Non-
Occupancy............................
Due and Payable Notification to HUD... 20.00 1,875.00 37,500.00 0.10 3,750.00 24.54 92,025.00
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Other Information Exchanges
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Electronic HUD-50012 New Extension 20.00 12,500.00 250,000.00 0.25 62,500.00 24.54 1,533,750.00
Request..............................
HUD 50002 Request to Exceed Cost 20.00 12,500.00 250,000.00 0.25 62,500.00 24.54 1,533,750.00
Limits for Preservation and
Protection...........................
Compliance Package.................... 20.00 1,875.00 37,500.00 0.10 3,750.00 24.54 92,025.00
Servicing Package..................... 20.00 1,875.00 37,500.00 0.10 3,750.00 24.54 92,025.00
Borrowers' Requests for Partial 20.00 1,875.00 37,500.00 0.17 6,375.00 24.54 156,442.50
Release..............................
Requests for payoff Statements........ 20.00 1,875.00 37,500.00 0.17 6,375.00 24.54 156,442.50
Request for Appraisal to Sell Property 20.00 1,875.00 37,500.00 0.17 6,375.00 24.54 156,442.50
if Not Due and Payable...............
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Total............................. 740.00 .............. 8,843,450.00 .............. 1,205,638.75 .............. $29,586,374.93
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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 2 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507.
Anna Guido,
Department PRA Compliance Officer, Office of Policy Development and
Research, Chief Data Officer.
[FR Doc. 2025-21926 Filed 12-3-25; 8:45 am]
BILLING CODE 4210-67-P
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</html>Indexed from Federal Register on December 4, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.