[Federal Register Volume 76, Number 22 (Wednesday, February 2, 2011)]
[Notices]
[Pages 5818-5819]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2297]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5480-N-09]


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.
    The HECM reverse mortgage application 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: March 4, 2011.

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 at, 
[email protected], Office of Management and Budget, New 
Executive Office Building, Washington, DC 20503; fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail Colette Pollard at 
[email protected]; or telephone (202) 402-3400. This is not a 
toll-free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the information collection described below. 
This notice is soliciting comments from members of the public and 
affecting agencies concerning the 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: HUD-92800-5b, HUD-92051, HUD-92900-A, FANNIE-MAE-
1009, HUD-92901, HUD-92902, Fannie Mae 1073, fnma-1004, fnma-1025, HUD-
92561, HUD-1a, fnma-1003, fnma-1004c, HUD-1.
    Description of the Need for the Information and Its Proposed Use:
    The HECM reverse mortgage application 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, Annually.

[[Page 5819]]



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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden:...................         129,000            3.490   ..          0.0024   ..           1,100
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    Total Estimated Burden Hours: 1,100.
    Status: Extension without change of a currently approved 
collection.
    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 
U.S.C. 35, as amended.

    Dated: January 26, 2011.
Colette Pollard,
Departmental Reports Management Officer.
[FR Doc. 2011-2297 Filed 2-1-11; 8:45 am]
BILLING CODE 4210-67-P