[Federal Register Volume 86, Number 80 (Wednesday, April 28, 2021)]
[Notices]
[Page 22447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08834]



[[Page 22447]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7034-N-24]


30-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 Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/Start Printed Page 
15501PRAMain. Find this particular information collection by selecting 
``Currently under 30-day Review--Open for Public Comments'' or by using 
the search function.

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 has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on February 12, 2021, at 86 FR 9359.

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.
    (5) ways to minimize the burden of the collection of information on 
those who are torespond, including the use of automated collection 
techniques or other forms of information technology.
    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.

Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2021-08834 Filed 4-27-21; 8:45 am]
BILLING CODE 4210-67-P