Approved. For
forms 92901 and 92902, HUD shall add the statement about the
consequences of failure to display a valid control number and also
a Privacy Act statement.
Inventory as of this Action
Requested
Previously Approved
09/30/2007
09/30/2007
09/30/2004
102,000
0
5,000
22,950
0
5,000
0
0
0
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.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.