[Federal Register Volume 67, Number 148 (Thursday, August 1, 2002)]
[Notices]
[Pages 49949-49950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-19377]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-34]


Notice of Proposed Information Collection: Comment Request; 
Insurance for Home Equity Conversion Mortgages, Residential Loan 
Application for Reverse Mortgages

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments Due Date: September 30, 2002.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW., L'Enfant Plaza Building, Room 8001, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Vance Morris, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 
708-2121 (this is not a toll free number) for copies of the proposed 
forms and other available information.

SUPPLEMENTARY INFORMATION: The Department is submitting the proposed 
information collection to OMB for review, as required by the Paperwork

[[Page 49950]]

Reduction Act of 1995 (44 U.S.C. chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection is necessary for the 
proper performance of the functions of the agency, including whether 
the information will have practical utility; (2) Evaluate the accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Enhance the quality, utility, and clarity of the 
information to be collected; and (4) Minimize the burden of the 
collection of information on those who are to respond; including the 
use of appropriate automated collection techniques or other forms of 
information technology, e.g., permitting electronic submission of 
responses.
    This Notice also lists the following information:
    Title of Proposal: Insurance for Home Equity Conversion Mortgages 
(HECM), Residential Loan Application for Reverse Mortgages.
    OMB Control Number, if applicable: 2502-0524.
    Description of the need for the information and proposed use: HUD's 
collection of this information permits lenders to use this streamlined 
application as an optional form to gather borrower data to determine 
eligibility for the HECM program. The Department will gather the data 
for reports to Congress regarding the program.
    Agency form numbers, if applicable: HUD-92900-A, HUD-92900-B, & 
Fannie Mae Form 1003.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The estimated number of respondents is 
5,000, frequency of response is on occasion, the estimated time needed 
to prepare the response is one hour, the total annual responses are 
5,000, and the estimated annual burden hours requested is 5,000.
    Status of the proposed information collection: Reinstatement, 
without change, of a previously approved collection for which approval 
has expired.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., 
Chapter 35, as amended.

    Dated: July 24, 2002
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
[FR Doc. 02-19377 Filed 7-31-02; 8:45 am]
BILLING CODE 4210-27-M