Assessment of Consumer Protection Gaps for HECM Borrowers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
HECM FR Notice.pdf	Supplementary Document	Uploaded 2010-07-27	Repair queued
Emer-Letter for HECM .doc	Supplementary Document	Uploaded 2010-07-21	Repair queued
Supporting Statement B.docx	Supporting Statement B	Uploaded 2010-06-23	Repair queued
Supporting Statement A.docx	Supporting Statement A	Uploaded 2010-06-23	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
193377	HECM Borrower Survey Instrument	Other-Survey/Phone Script	New

ICR Details

OMB Control No:	ICR Reference No: 201006-2502-014
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Assessment of Consumer Protection Gaps for HECM Borrowers
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 08/04/2010
OIRA Conclusion Action: Withdrawn	Conclusion Date: 08/09/2010
	Date Received in OIRA: 07/27/2010
Terms of Clearance: The Agency has requested that this Information Collection Request be withdrawn. It will be resubmitted at a later date.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		10/31/2010
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This one-time, twenty minute phone survey will be conducted among 600 Home equity Conversion Mortgage (HECM) borrowers. It will help FHA Assess Consumer Protection Gaps for HECM borrowers.

Emergency Justfication: The agency cannot reasonably comply with the normal clearance procedures under this part because public harm is reasonably likely to result if normal clearance procedures are followed and the use of normal clearance procedures is reasonably likely to prevent or disrupt the collection of information or is reasonably likely to cause a statutory or court ordered deadline to be missed.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
HECM Borrower Survey Instrument

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection.

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Annual Cost to Federal Government: $7,261,250

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/27/2010

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