Reverse Mortgage Products - Guidance for Managing Risks

Forms and Documents

Document	Type	Status	Availability
3133-0187_Supporting_Statement_Update 2026 CLEAN 04.23.26.docx	Supporting Statement A	Uploaded 2026-04-23	Available
2025 Justification for Non-Sub Change 3133-0187.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2025-10-22	Available
Reverse_MortgagesGuidance.pdf	Supplementary Document	Uploaded 2025-10-22	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
206580	Reverse Mortgage Products - Guidance for Managing Risks	Other-Guidance	Modified

ICR Details

OMB Control No: 3133-0187	ICR Reference No: 202603-3133-004
Status: Received in OIRA	Previous ICR Reference No: 202510-3133-001
Agency/Subagency: NCUA	Agency Tracking No: OCFP
Title: Reverse Mortgage Products - Guidance for Managing Risks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 04/23/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2026
Responses	12	16
Time Burden (Hours)	128	160
Cost Burden (Dollars)	0	0

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Abstract: The guidance will assist institutions in managing the compliance and risks associated with reverse mortgages. It will ensure that their risk management and consumer protection practices adequately address the compliance and risks raised by reverse mortgage lending.

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Authorizing Statute(s): US Code: 12 USC 1784, 1789(a)(7) Name of Law: Federal Credit Union 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:
	91 FR 4638	02/02/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 20504	04/16/2026
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Reverse Mortgage Products - Guidance for Managing Risks

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ICR Summary of Burden

	Total Request	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	12	16	0	0	-4	0
Annual Time Burden (Hours)	128	160	0	0	-32	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: Burden decreased due to a change in the NCUA’s estimate of respondents. All respondents should have gone through the implementation phase so implementation burden remains at one (with one as a placeholder in case a new credit union elects to offer reverse mortgage products). Ongoing burden reduced from 15 to 11.

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Annual Cost to Federal Government: $0

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: 04/23/2026

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