OMB 83-C Change Worksheet

83C 2502-0524.doc

Home Equity Conversion Mortgage (HECM) Insurance Application for Reverse Mortgages and Related Documents

OMB 83-C Change Worksheet

OMB: 2502-0524

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PAPERWORK REDUCTION ACT

CHANGE WORKSHEET

Agency/Subagency


U.S. Department of Housing and Urban Development

Office of Housing, Office of Single Family Program Development

OMB Control Number


2502-0524

Enter only items that change

Current record New record

Agency form number(s)


HUD-92902


Annual reporting and recordkeeping hour burden




Number of respondents




Total annual responses





Percent of these responses collected electronically




Total annual hours




Difference




Explanation of difference




Program change




Adjustment


Annual reporting and recordkeeping cost burden (in thousands of dollars)




Total annualized Capital/Startup costs

0

0


Total annual costs (O&M)

0

0


Total annualized cost requested

0

0


Difference


0


Explanation of difference




Program change




Adjustment


Other changes**

In March 2006, HUD requested a revision to the form HUD-92902 to add language to ensure that homeowners are informed and can certify to their knowledge that the counseling session may be paid for from HECM loan proceeds as well as to indicate the amount of the fee of the counseling session on the form. HUD does not currently have that authority and now wishes to reverse that approval and remove the added language. A new proposed rule will give HUD the authority to add the language back, and HUD will request addition of the same language at a later date. A copy of the form with the highlighted language to be removed is attached.


Signature of Senior Official or designee:

Date:

For OIRA Use

_______________

______________


**This form cannot be used to extend an expiration date.

OMB FORM 83-C 10/95

File Typeapplication/msword
File TitlePAPERWORK REDUCTION ACT
AuthorHUD
Last Modified ByHUD
File Modified2006-09-28
File Created2006-09-28

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