[Federal Register Volume 77, Number 115 (Thursday, June 14, 2012)]
[Notices]
[Page 35708]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-14509]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5603-N-42]


Notice of Submission of Proposed Information Collection to OMB; 
Home Equity Conversion Mortgage (HECM) Counseling Standardization and 
Roster

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.
    This PRA package provides reporting burden for individuals to apply 
to be placed on the HECM counselor roster and to maintain their name on 
the HECM counseling roster. For initial application, individuals are 
required to successfully pass a standardized HECM exam, have received 
HECM-related education within the past two years and provide 
information collected on form HUD 92904. HUD uses the information 
provided to determine the applicants' eligibility to be placed on the 
HECM counselor roster. To remain on the HECM counselor roster, a 
counselor must complete continuing education on a HECM related topic 
every two years and pass the HECM exam every three years.

DATES: Comments Due Date: July 16, 2012.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0586) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. Email: [email protected] 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; email 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) 
Counseling Standardization and Roster.
    OMB Approval Number: 2502-0586.
    Form Numbers: HUD 92904.

Description of the Need for the Information and Its Propose

    This PRA package provides reporting burden for individuals to apply 
to be placed on the HECM counselor roster and to maintain their name on 
the HECM counseling roster. For initial application, individuals are 
required to successfully pass a standardized HECM exam, have received 
HECM-related education within the past two years and provide 
information collected on form HUD 92904. HUD uses the information 
provided to determine the applicants' eligibility to be placed on the 
HECM counselor roster. To remain on the HECM counselor roster, a 
counselor must complete continuing education on a HECM related topic 
every two years and pass the HECM exam every three years.

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                                       Number of          Annual              Hours per
                                      respondents       responses      x       response      =     Burden hours
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Reporting Burden..................             205            2.951   ...           1.406   ...             851
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    Total Estimated Burden Hours: 851.
    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: June 7, 2012.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2012-14509 Filed 6-13-12; 8:45 am]
BILLING CODE 4210-67-P