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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 50012 Mortgagee's Request for Extension of time	Form	New	Available
Form 27011 Single Family Application for insurance Benefits	Form	New	Available
Form 50002 Mortgagees Request to Exceed cost and Protection Limits for Preservation	Form	New	Available
Form HUD-9539 Mortgagor's Request for Occupied Conveyance	Form	New	Available
242 CFR sec 206.docx	Supplementary Document	Uploaded 2014-07-10	Available
12 USC 1715B.docx	Supplementary Document	Uploaded 2014-07-10	Available
Supporting Statement - A.docx	Supporting Statement A	Uploaded 2014-07-08	Available
PL 100-242.pdf	Supplementary Document	Uploaded 2014-07-22	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
212290	Performing Loan Servicing for the Home Equity Conversion Maortgage (HECH)	Form	New	Mortgagee's Request for Extension of time
212290	Performing Loan Servicing for the Home Equity Conversion Maortgage (HECH)	Form	New	Single Family Application for insurance Benefits
212290	Performing Loan Servicing for the Home Equity Conversion Maortgage (HECH)	Form	New	Mortgagees Request to Exceed cost and Protection Limits for Preservation
212290	Performing Loan Servicing for the Home Equity Conversion Maortgage (HECH)	Form	New	Mortgagor's Request for Occupied Conveyance

ICR Details

OMB Control No: 2502-0611	ICR Reference No: 201403-2502-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Performing Loan Servicing for the Home Equity Conversion Mortgage (HECM)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/31/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/13/2014
Terms of Clearance: HUD shall discontinue currently approved collections that include burden captured by this approval.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2017	36 Months From Approved
Responses	33,241,100	0	0
Time Burden (Hours)	3,060,683	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): PL: Pub.L. 100 - 242 255 Name of Law: Housing and Community Development Act 1987
  

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
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 24002	04/29/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 46869	08/11/2014
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
Performing Loan Servicing for the Home Equity Conversion Maortgage (HECH)	HUD-9539, 50002, 50012, 27011	Mortgagor's Request for Occupied Conveyance ,   Mortgagees Request to Exceed cost and Protection Limits for Preservation ,   Single Family Application for insurance Benefits ,   Mortgagee's Request for Extension of time

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ICR Summary of Burden

table that charts list of burden

	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

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

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]? No

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: 08/13/2014

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