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Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products

OMB 7100-0330 · FRS.

OMB 7100-0330

Reverse mortgages are home-secured loans typically offered to elderly consumers. Financial institutions currently provide two types of reverse mortgage products: the lenders’ own proprietary reverse mortgage products and reverse mortgages insured by the Federal Housing Administration (FHA) within the U.S. Department of Housing and Urban Development (HUD). Reverse mortgage loans insured by the FHA are made pursuant to the guidelines and rules established by HUD’s Home Equity Conversion Mortgage (HECM) program. HECM loans and proprietary reverse mortgages are also subject to consumer financial protection laws and regulations (e.g., the regulations that implement laws such as the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA)).

The latest form for Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products expires 2027-09-30 and is listed under ICR 202409-7100-007.

Latest Forms, Documents, and Supporting Material

Latest forms, documents, and information collections
DocumentType
FR4029_20240930_omb.pdfSupporting Statement A
Review and maintenance of policies and procedures Other-Guidance
Implementation of policies and procedures Other-Guidance

All Historical Document Collections

Historical document collections
ReferenceFilingReceivedConcludedAction
202409-7100-007 Extension without change of a currently approved collection 2024-09-30 Approved without change
202409-7100-006 No material or nonsubstantive change to a currently approved collection 2024-09-29 Approved without change
202107-7100-002 Extension without change of a currently approved collection 2021-09-14 Approved without change
202011-7100-001 No material or nonsubstantive change to a currently approved collection 2020-11-02 Approved without change
201809-7100-007 Extension without change of a currently approved collection 2018-09-20 Approved without change
201806-7100-005 No material or nonsubstantive change to a currently approved collection 2018-09-19 Approved without change
201509-7100-001 Extension without change of a currently approved collection 2015-09-28 Approved without change
201505-7100-007 No material or nonsubstantive change to a currently approved collection 2015-06-05 Approved without change
201004-7100-009 New collection (Request for a new OMB Control Number) 2010-09-30 Approved without change

OMB Details

Implementation of policies and procedures

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight