Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM)

ICR 201403-2502-001

OMB: 2502-0611

Federal Form Document

Forms and Documents
Document
Name
Status
Form
New
Supplementary Document
2014-07-10
Supplementary Document
2014-07-10
Supporting Statement A
2014-07-08
Supplementary Document
2014-07-22
IC Document Collections
ICR Details
2502-0611 201403-2502-001
Historical Active
HUD/OH
Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM)
New collection (Request for a new OMB Control Number)   No
Regular
Approved with change 12/31/2014
Retrieve Notice of Action (NOA) 08/13/2014
HUD shall discontinue currently approved collections that include burden captured by this approval.
  Inventory as of this Action Requested Previously Approved
12/31/2017 36 Months From Approved
33,241,100 0 0
3,060,683 0 0
0 0 0

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 for mortgagors who are HECM program participants.

PL: Pub.L. 100 - 242 255 Name of Law: Housing and Community Development Act 1987
  
None

Not associated with rulemaking

  79 FR 24002 04/29/2014
79 FR 46869 08/11/2014
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 33,241,100 0 0 33,241,100 0 0
Annual Time Burden (Hours) 3,060,683 0 0 3,060,683 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The figures for the Estimated Burden and Cost to Respondents are more accurate than the approved PRAs from which topics were compiled because HUD is detailing the activities specific to HECM mortgagees program.

$0
No
No
No
No
No
Uncollected
Angela Graham 202 402-3745

  No

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.
08/13/2014


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