[Federal Register Volume 88, Number 166 (Tuesday, August 29, 2023)]
[Notices]
[Pages 59536-59537]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18570]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7071-N-08]


60-Day Notice of Proposed Reinstatement of Expired Information 
Collection Home Equity Conversion Mortgage (HECM) Counseling 
Standardization, Application for Certificate of HECM Counseling and 
HECM Counselor Roster OMB Control No.: 2502-0586

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 reinstatement of the expired 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: October 30, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection can be submitted within 60 days of publication 
of this notice to www.reginfo.gov/public/do/PRAMain. Find this 
particular information collection by selecting ``Currently under 60-day 
Review--Open for Public Comments'' or by using the search function. 
Interested persons are also invited to submit comments regarding this 
proposal by name and/or OMB Control Number and can be sent to: Colette 
Pollard, Reports Management Officer, REE, Department of Housing and 
Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410-
5000 or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from 
individuals who are deaf or hard of hearing, as well as individuals 
with speech or communication disabilities. To learn more about how to 
make an accessible telephone call, please visit: https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
    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.

A. Overview of Information Collection

    Title of Information Collection: Home Equity Conversion Mortgage 
(HECM) Counseling Standardization, Application for HECM Counselor 
Roster, and Certificate of HECM Counseling.
    OMB Approval Number: 2502-0586.
    OMB Expiration Date: August 31, 2018.
    Type of Request: Reinstatement, with change, of previously approved 
collection for which approval has expired.
    Form Numbers: HUD-92902 and HUD-92904.
    Description of the need for the information and proposed use: 
Reinstatement of previously approved collection to provide and maintain 
a current HUD approved HECM counselor roster. Counseling is required 
for all borrowers seeking to obtain an HUD insured HECM. The HECM 
Counselor examination and the HECM Roster application, HUD Form 92904, 
assist HUD in evaluating the knowledge and capacity of individuals 
interested in providing HECM counseling to potential HECM borrowers, 
thereby satisfying statutory requirements and reducing the risk to the 
insurance fund. The addition of the Certificate of HECM Counseling, HUD 
Form 92902, which is currently part of OMB Collection 2502-0524, to 
this collection is appropriate because the Office of Housing Counseling 
regulates all items pertinent to the roles of HUD-approved housing 
counselors, which includes HECM Roster Counselors. OMB Collection 2502-
0524 was recently approved by OMB and has an expiration date of 4/30/
2024. Revisions to HUD Form 92902 were necessary as per recommendations 
made by HUD OGC to ensure compliance with the Paperwork Reduction Act 
burden statement as required in 5 CFR 1320.8(b)(3) and the Privacy Act 
Notice requirements in 5 U.S.C. 552a(e)(3).
    Respondents: Individuals or households; Not-for-profit 
institutions; State, Local or Tribal Government.
    Estimated Number of Respondents: 28,459.
    Estimated Number of Responses: 28,459.
    Frequency of Response:
    HECM Counseling Standardization--14,000
    HUD-92902, Certification of HECM Counseling--14,000
    HUD-92904, Application for HECM Roster Counselor--305
    Reporting continuing education for HECM Roster counselor biennial 
recertification -152
    Termination of an HECM Roster Counselor--Once
    Average Hours per Response: 1 hour.
    Total Estimated Burden: 45,943 hours.

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                                                                                                                             Hourly cost
                                                                                                     Average       Annual        per       Total annual
 Information collection 2502-0586/   Form name/form number   Number of    Frequency    Responses      burden       burden      response     respondent
         type of respondent              collection tool    respondents  of response    per year    hours  per     hours       (hourly         cost
                                                                                                     response                 wage rate)
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Non-profit (National and Regional    Counseling                  13,125            1       13,125         1.25    16,406.25       $53.74     $881,671.88
 Intermediaries, Multi-State          Standardization.
 Organizations, Local HUD- approved
 HCAs).

[[Page 59537]]

 
State, Local, or Tribal Government   Counseling                     875            1          875         1.25     1,093.75        53.74       58,778.13
 HCAs.                                Standardization.
Non-profit (Intermediaries, Multi-   ``Certificate of HECM       13,125            1       13,125            2       26,250        53.74    1,410,675.00
 State Organizations, Local HCAs).    Counseling''/HUD-
                                      92902.
State, Local, or Tribal Govt.......  ``Certificate of HECM          875            1          875            2        1,750        53.74       94,045.00
                                      Counseling''/HUD-
                                      92902.
Non-profit (Intermediaries, Multi-   ``Application for              244            1          244         1.30       317.20        53.74       17,046.33
 State Organizations, Local HCAs).    HECM Counselor
                                      Roster'' HUD-92904
                                      and establishing
                                      counseling ID in FHA
                                      Connection system.
State, Local, or Tribal Govt.......  ``Application for               61            1           61         1.30        79.30        53.74        4,261.58
                                      HECM Counselor
                                      Roster'' HUD-92904
                                      and establishing
                                      counselor ID in FHA
                                      Connection system.
Non-profit (Intermediaries, Multi-   Reporting HECM Roster          122            1          122         .30.        36.60        53.74        1,966.88
 State Organizations, Local HCAs).    Counselor Continuing
                                      Education course for
                                      Biennial
                                      Recertification.
State, Local, or Tribal Govt.......  Reporting HECM Roster           30            1           30          .30            9        53.74          483.66
                                      Counselor Continuing
                                      Education course for
                                      Biennial
                                      Recertification.
Non-profit (Intermediaries, Multi-   Written request for              1            1            1          .25          .25        53.74           13.44
 State Organizations, Local HCAs).    Terminating a HECM
                                      Roster Counselor a
                                      HECM Roster
                                      Counselor.
State, Local, or Tribal Govt.......  Written request for              1            1            1          .25          .25        53.74           13.44
                                      Terminating a HECM
                                      Roster Counselor.
                                                           ---------------------------------------------------------------------------------------------
    Totals.........................  .....................       28,459  ...........       28,459  ...........       45,943  ...........    2,468,955.34
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* Note: The total annual burden hours has been rounded up to 45,943 hours to be consistent with OMB's system ROCIS.*

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 comment in response to 
these questions.

C. Authority:

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
chapter 35.

Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2023-18570 Filed 8-28-23; 8:45 am]
BILLING CODE 4210-67-P