[Federal Register Volume 88, Number 209 (Tuesday, October 31, 2023)]
[Notices]
[Pages 74505-74506]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24003]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7071-N-27]


60-Day Notice of Proposed Information Collection: Home Equity 
Conversion Mortgage (HECM) Insurance Application for the Origination of 
Reverse Mortgages and Related Documents; OMB Control No.: 2502-0524

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: January 2, 2024.

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; [email protected] or 
telephone

[[Page 74506]]

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) Insurance Application for the Origination of Reverse Mortgages 
and Related Documents.
    OMB Approval Number: 2502-0524.
    Type of Request: Revision of currently approved collection.
    Form Number: HUD-92901, HUD-92902, HUD-92051, HUD-92561, HUD-92564-
CN, HUD-92800.5b, HUD-92900-A, HUD 92900-C, HUD-1, HUD-1a, HUD-9991, 
HUD-9992, FNMA-1025, FNMA-1003, FNMA-1007, FNMA-1009, FNMA-1004, FNMA-
1004D, FNMA-1004C, FNMA-1073, FNMA-1103, HUD-92541, HUD-92544, NPMA-
99A, NPMA-99B.
    Description of the need for the information and proposed use: The 
Home Equity Conversion Mortgage (HECM) program is the Federal Housing 
Administration's (FHA) reverse mortgage program that enables seniors 
who have equity in their homes to withdraw a portion of the accumulated 
equity. The intent of the HECM Program is to ease the financial burden 
on elderly homeowners facing increased health, housing, and subsistence 
costs at a time of reduced income. The currently approved information 
collection is necessary to screen mortgage insurance applications in 
order to protect the FHA insurance fund and the interests of consumers 
and potential borrowers. This collection was revised to align with 
current program requirements and recent amendments to the regulations.
    Respondents: Mortgagees and Counselors.
    Estimated Number of Respondents: 512.
    Estimated Number of Responses: 572,680.
    Frequency of Response: Varies.
    Average Hours per Response: 0.05 to 2.00.
    Total Estimated Burdens: $28,462,906.21.

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. 2023-24003 Filed 10-30-23; 8:45 am]
BILLING CODE 4210-67-P