Agency Information Collection Activities; Proposals, Submissions, and Approvals:
Federal Register: February 2, 2011 (Volume 76, Number 22)
Notices
Page 5818-5819
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID:fr02fe11-59
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Docket No. FR-5480-N-09
Notice of Submission of Proposed Information Collection to OMB
Home Equity Conversion Mortgage (HECM) Insurance Application for
Reverse Mortgages and Related Documents
AGENCY: Office of the Chief Information Officer, HUD.
ACTION: Notice.
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.
The HECM reverse mortgage application and related documents are used to determine the eligibility of the borrower and proposed mortgage transaction for FHA insurance endorsement. This submission is a consolidation of additional consumer notification requirements formerly approved under 2502-0534 and 2502-0546.
DATES: Comments Due Date: March 4, 2011.
ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502-0524) and should be sent to: HUD Desk Officer at,
OIRA-Submission@omb.eop.gov, Office of Management and Budget, New
Executive Office Building, Washington, DC 20503; 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; e-mail Colette Pollard at
Colette.Pollard@hud.gov; 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) Insurance
Application for Reverse Mortgages and Related Documents.
OMB Approval Number: 2502-0524.
Form Numbers: HUD-92800-5b, HUD-92051, HUD-92900-A, FANNIE-MAE- 1009, HUD-92901, HUD-92902, Fannie Mae 1073, fnma-1004, fnma-1025, HUD- 92561, HUD-1a, fnma-1003, fnma-1004c, HUD-1.
Description of the Need for the Information and Its Proposed Use:
The HECM reverse mortgage application and related documents are used to determine the eligibility of the borrower and proposed mortgage transaction for FHA insurance endorsement. This submission is a consolidation of additional consumer notification requirements formerly approved under 2502-0534 and 2502-0546.
Frequency of Submission: On-occasion, Annually.
Page 5819
Number of
Annual
Hours per respondents
responses
x
response
=
Burden hours
Reporting Burden:...................
129,000
3.490 ..
0.0024 ..
1,100
Total Estimated Burden Hours: 1,100.
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: January 26, 2011.
Colette Pollard,
Departmental Reports Management Officer.
FR Doc. 2011-2297 Filed 2-1-11; 8:45 am
BILLING CODE 4210-67-P
