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30-Day Notice of Proposed Information Collection: Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM)

August 11, 2014



Notice.

Citation: "79 FR 46869"

Document Number: "Docket No. FR-5752-N-64"

Page Number: "46869"

"Notices"

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.

   DATES: Comments Due Date: September 10, 2014.

   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: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.

   FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339. 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 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 April 29, 2014.

A. Overview of Information Collection

   Title of Information Collection: Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM).

   OMB Approval Number: 2502--New.

   Type of Request: New collection.

   Form Numbers:

HUD 27011--SF Application for Insurance Benefits.

HUD 50002--Request to Exceed Cost and Protection Limits for Preservation.

HUD 50012--Mortgagee's Request for Extension of Time.

HUD 9539--Request for Occupied Conveyance.

   Description of the need for the information and proposed use: This information collection request for OMB review seeks to combine the requirements of several existing OMB collections under this comprehensive collection for mortgagees that service Home Equity Conversion Mortgages (HECM) and the mortgagors who are involved with the following activities.

   Respondents (i.e. affected public): Not for profit institutions.

   Estimated Number of Respondents: 10.

   Estimated Number of Response: 33,324,110.

   Frequency of Response: On occasion.

   Average Hours per Response: 10 minutes to 15 minutes.

   Total Estimated Burdens: 3,060,683.

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

   n 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35.

   Dated: August 4, 2014.

Colette Pollard,

Department Reports Management Officer, Office of the Chief Information Officer.

[FR Doc. 2014-18941 Filed 8-8-14; 8:45 am]

BILLING CODE 4210-67-P


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Source: Federal Register


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