[Federal Register Volume 69, Number 151 (Friday, August 6, 2004)]
[Notices]
[Pages 47944-47945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17945]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4903-N-61]


Notice of Submission of Proposed Information Collection to OMB; 
Home Equity Conversion Mortgage (HECM) Insurance Application for 
Reverse Mortgages and Related Documents

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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.
    HUD is requesting approval to collect information relating to 
reverse mortgage applications and related documents are used to 
determine the eligibility of the borrower and proposed mortgage 
transaction for FHA insurance endorsement. This submission is a 
consolidation of additional consumer notification requirements formerly 
approved under 2502-0534 and 2502-0546.

DATES: Comments Due Date: September 7, 2004.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0524) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of 
available documents submitted to OMB may be obtained from Mr. Eddins 
and at HUD's Web site at http://www5.hud.gov:63001/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, a survey instrument to obtain information 
from faith based and community organizations on their likelihood and 
success at applying for various funding programs. This notice is 
soliciting comments from members of the public and affecting agencies 
concerning the

[[Page 47945]]

proposed collection of information to: (1) Evaluate 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) 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 
through 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 (HECM) Insurance 
Application for Reverse Mortgages and Related Documents.
    OMB Approval Number: 2502-0524.
    Form Numbers: Fannie Mae Form 1009, HUD Form 92901, HUD Form 92902.
    Description of the Need for the Information and Its Proposed Use: 
The HECM reverse mortgage applications and related documents are used 
to determine the eligibility of the borrower and proposed mortgage 
transaction for FHA insurance endorsement. This submission is a 
consolidation of additional consumer notification requirements formerly 
approved under 2502-0534 and 2502-0546.
    Frequency of Submission: On occasion, at sale or transfer.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................          17,000          102,000                 0.36               39,950
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    Total Estimated Burden Hours: 39,950.
    Status: Revision of a currently approved collection.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: July 30, 2004.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 04-17945 Filed 8-5-04; 8:45 am]
BILLING CODE 4210-72-P