Federal law requires lenders to send a
statement or notice to homeowners in default explaining the
mortgage and foreclosure rights of servicemembers and their
dependents under the Servicemembers Civil Relief Act (50 U.S.C.
App. 501 et seq.), including the toll-free military one source
number to call if servicemembers, or their dependents require
further assistance. This notification must be made within 45 days
from the date the missed payment was due unless the homeowner pays
the overdue amount before the expiration of the 45-day period. All
conventional mortgage loans and loans insured by HUD are subject to
the new notification requirement.
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.