Reverse Mortgage Products: Guidance for Managing Compliance and Risks

Forms and Documents

Document	Type	Status	Availability
1557-0246 Supporting Statement for Reverse Mortgage Guidance (FINAL).docx	Supporting Statement A	Uploaded 2025-07-25	Available
1557-0246 Supporting Statement for Reverse Mortgage Guidance (FINAL).docx	Supporting Statement A	Uploaded 2025-07-25	Repair queued
1557-0246 30-Day FRN for Reverse Mortgage Guidance (90 FR 35363).pdf	Supplementary Document	Uploaded 2025-07-25	Available
1557-0246 30-Day FRN for Reverse Mortgage Guidance (90 FR 35363).pdf	Supplementary Document	Uploaded 2025-07-25	Repair queued
1557-0246 60-Day FRN Reverse Mortgage Guidance (90 FR 21543).pdf	Supplementary Document	Uploaded 2025-07-25	Available
1557-0246 60-Day FRN Reverse Mortgage Guidance (90 FR 21543).pdf	Supplementary Document	Uploaded 2025-07-25	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
192202	Program Maintenance	Other-	Unchanged
192201	Development of Policies and Procedures; and Training	Other-	Unchanged

ICR Details

OMB Control No: 1557-0246	ICR Reference No: 202507-1557-006
Status: Active	Previous ICR Reference No: 202203-1557-007
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Reverse Mortgage Products: Guidance for Managing Compliance and Risks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/17/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/25/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2028	36 Months From Approved	09/30/2025
Responses	13	0	13
Time Burden (Hours)	136	0	136
Cost Burden (Dollars)	0	0	0

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Abstract: The guidance assists institutions in managing risks associated with reverse mortgages. It ensures that institutions' risk management and consumer protection practices adequately address risks raised by reverse mortgage lending.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  

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:
	90 FR 21543	05/20/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 35363	07/25/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Development of Policies and Procedures; and Training
Program Maintenance

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ICR Summary 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	13	13	0	0	0	0
Annual Time Burden (Hours)	136	136	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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:

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Annual Cost to Federal Government:

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 07/25/2025

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