[Federal Register Volume 86, Number 28 (Friday, February 12, 2021)]
[Notices]
[Pages 9359-9360]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02852]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7038-N-06]


60-Day Notice of Proposed Information Collection: Performing Loan 
Servicing for the Home Equity Conversion Mortgage (HECM) OMB Control 
No. 2502-0611

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

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: April 13, 2021.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-
402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW, Room 4176, Washington, DC 20410-5000; email Colette Pollard 
at [email protected] or telephone 202-402-3400 (this is not a 
toll-free number). Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

[[Page 9360]]

A. Overview of Information Collection

    Title of Information Collection: Performing Loan Servicing for the 
Home Equity Conversion Mortgage (HECM).
    OMB Approval Number: 2502-0611.
    Type of Request: Extension.
    Form Numbers: HUD-27011, HUD-50002, HUD-50012.
    Description of the need for the information and proposed use: This 
information request is a comprehensive collection of requirements for 
mortgagees that service HECM mortgages and the HECM borrowers, who are 
involved with servicing-related activities that includes collection and 
payment of mortgage insurance premiums, escrow account administration, 
providing loan information and customer service.
    Respondents: Individuals or households and Servicers of HECM 
Mortgagees.
    Estimated Number of Respondents: 10.
    Estimated Number of Responses: 21,345,312.
    Frequency of Response: On occasion.
    Average Hours per Response: 0.07 (4 minutes).
    Total Estimated Burdens: 1,451,562.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) Ways to 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.
    HUD encourages interested parties to submit comments in response to 
these questions.

C. Authority

    Section 2 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507.

Assistant Secretary for Housing--Federal Housing Commissioner, Janet M. 
Golrick, having reviewed and approved this document, is delegating the 
authority to electronically sign this document to submitter, Nacheshia 
Foxx, who is the Federal Register Liaison for HUD, for purposes of 
publication in the Federal Register.

Nacheshia Foxx,
Federal Register Liaison for Department of Housing and Urban 
Development.
[FR Doc. 2021-02852 Filed 2-11-21; 8:45 am]
BILLING CODE 4210-67-P