[Federal Register Volume 69, Number 60 (Monday, March 29, 2004)]
[Notices]
[Pages 16281-16282]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-6877]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4907-N-09]


Notice of Proposed Information Collection: Comment Request; Home 
Equity Conversion Mortgage Insurance (HECM) 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: May 28, 2004.

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 8003, Washington, DC 20410 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director, Office of 
Single Family Housing 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 
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 colleciton 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: Home Equity Conversion Mortgage Insurance (HECM) 
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 borrowed data to determine 
eligiblity 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 burden hours 
needed to prepare the information collection is 5,000; the number of 
respondents is 5,000 generating approximately 5,000 annual responses; 
the frequency of response is on occasion, and the estimated time needed 
to prepare the response is one hour.
    Status of the proposed information collection: Reinstatement of a 
currently

[[Page 16282]]

approved collection for which approval has expired.

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

    Dated: March 22, 2004.
Sean Cassidy,
General Deputy Assistant Secretary for Housing.
[FR Doc. 04-6877 Filed 3-26-04; 8:45 am]
BILLING CODE 4210-27-M