30-Day Notice of Proposed Information Collection: Home Equity Conversion Mortgage (HECM) Insurance Application for the Origination of Reverse Mortgages and Related Documents, 6915-6916 [2021-01515]

Download as PDF Federal Register / Vol. 86, No. 14 / Monday, January 25, 2021 / Notices approval of the information collection described in Section A. The Federal Register notice that solicited public comment on the information collection for a period of 60 days was published on June 1, 2020 at 85 FR 33189. A. Overview of Information Collection Title of Information Collection: Mortgage Record Change. OMB Approval Number: 2502–0422. Type of Request: Extension. Form Number: 92080 (FHA Connection). Description of the need for the information and proposed use: Servicing of insured mortgages must be performed by a mortgagee that is approved by HUD to service insured mortgages. The Mortgage Record Change information is used by FHA-approved mortgagees to comply with HUD requirements for reporting the sale of a mortgage between investors and/or the transfer of the mortgage servicing responsibility, as appropriate. Respondents (i.e. affected public): Not-for-profit institutions. Estimated Number of Respondents: 10,000. Estimated Number of Responses: 3,500,000. Frequency of Response: On occasion at sale or transfer. Average Hours per Response: .1. Total Estimated Burdens: 350,000. jbell on DSKJLSW7X2PROD with NOTICES B. Solicitation of Public Comment This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) The accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Ways to enhance the quality, utility, and clarity of the information to be collected; and (4) Ways to minimize the burden of the collection of information on those who are to respond; including through the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. (5) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology. HUD encourages interested parties to submit comments in response to these questions. VerDate Sep<11>2014 18:31 Jan 22, 2021 Jkt 253001 C. Authority Section 2 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. Colette Pollard, Department Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2021–01520 Filed 1–22–21; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–7034–N–05; OMB Control No.: 2502–0524] 30-Day Notice of Proposed Information Collection: Home Equity Conversion Mortgage (HECM) Insurance Application for the Origination of Reverse Mortgages and Related Documents Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment. DATES: Comments Due Date: February 24, 2021. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ Start Printed Page 15501PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410; email Colette Pollard at Colette.Pollard@ hud.gov or telephone 202–402–3400. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877–8339. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Pollard. SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has submitted to OMB a request for approval of the information collection described in Section A. The Federal SUMMARY: PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 6915 Register notice that solicited public comment on the information collection for a period of 60 days was published on September 17, 2020 at 85 FR 58068. A. Overview of Information Collection Title of Information Collection: Home Equity Conversion Mortgage (HECM) Insurance Application for the Origination of Reverse Mortgages and Related Documents. OMB Approval Number: 2502–0524. Type of Request: Revision of currently approved collection. Form Number: HUD–92901, HUD– 92902, HUD–92051, HUD–92561, HUD– 92800.5b, HUD–92900–A, HUD–92300, HUD–1, HUD–1a, Fannie Mae (FNMA)1009, FNMA–1025, FNMA–1003, FNMA–1004, FNMA–1004c, FNMA– 1073, HUD–92541, HUD–92544, NPMA–99A, NPMA–99B Description of the need for the information and proposed use: The Home Equity Conversion Mortgage (HECM) program is the Federal Housing Administration’s (FHA) reverse mortgage program that enables seniors who have equity in their homes to withdraw a portion of the accumulated equity. The intent of the HECM Program is to ease the financial burden on elderly homeowners facing increased health, housing, and subsistence costs at a time of reduced income. The currently approved information collection is necessary to screen mortgage insurance applications to protect the FHA insurance fund and the interests of consumers and potential borrowers. Specific forms and related documents are needed to determine the eligibility of the borrower and proposed mortgage transaction for FHA’s insurance endorsement. The model HECM Adjustable Rate Note has been revised to align with FHA’s transition from the London InterBank Offered Rate (LIBOR) index to the Secured Overnight Financing Rate (SOFR) index, which includes, but is not limited to, new definitions and replacement index language for future adjustable interest rate index transition events. HUD also proposes to strengthen the HECM for Purchase property eligibility requirements by requiring inspection documentation for newly built properties that will serve as collateral for HECM financing. Currently, the HECM for Purchase program requires mortgagees to submit a Certificate of Occupancy, or its equivalent, as evidence that the property is complete and habitable as a condition of FHA insurance. In the near future, mortgagees may be required to complete and submit the following forms to FHA: (1) Form HUD–92541, Builder’s E:\FR\FM\25JAN1.SGM 25JAN1 6916 Federal Register / Vol. 86, No. 14 / Monday, January 25, 2021 / Notices Certification of Plans, Specifications, and Site; (2) Form HUD–92544, Warranty of Completion of Construction; (3) Form HUD–NPMA– 99–A, Subterranean Termite Protection Builder’s Guarantee; and (4) Form HUD–NPMA–99–B, New Construction Subterranean Termite Service Record. These forms are currently required by FHA for maximum financing for FHA’s Title II Single Family forward mortgage programs and will align both the reverse and forward mortgage programs to ensure the property meet’s FHA’s minimum property standards while ensuring the home is safe, sound, and secure for the HECM borrower. Respondents (i.e., affected public): Business or other for profit. Estimated Number of Respondents: 2,375. Estimated Number of Responses: 59,375. Frequency of Response: Occasionally. Average Hours per Response: 2.54 hours. Total Estimated Burdens: 116,398.75. B. Solicitation of Public Comment jbell on DSKJLSW7X2PROD with NOTICES This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) The accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Ways to enhance the quality, utility, and clarity of the information to be collected; and (4) Ways to minimize the burden of the collection of information on those who are to respond: Including through the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. (5) Ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology. HUD encourages interested parties to submit comments in response to the proposed changes. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. Colette Pollard, Department Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2021–01515 Filed 1–22–21; 8:45 am] BILLING CODE 4210–67–P VerDate Sep<11>2014 18:31 Jan 22, 2021 Jkt 253001 INTERNATIONAL TRADE COMMISSION [Investigation No. 337–TA–1238] Certain Plant-Derived Recombinant Human Serum Albumins (‘‘rHSA’’) and Products Containing Same; Notice of Institution of Investigation International Trade Commission. ACTION: Notice. AGENCY: Notice is hereby given that a complaint was filed with the U.S. International Trade Commission on December 16, 2020, under section 337 of the Tariff Act of 1930, as amended, on behalf of Ventria Bioscience Inc. of Junction City, Kansas. Supplements to the complaint were filed on December 16, and 22, 2020. The complaint, as supplemented, alleges violations of section 337 based upon the importation into the United States, the sale for importation, and the sale within the United States after importation of certain plant-derived recombinant human serum albumins (‘‘rHSA’’) and products containing same by reason of infringement of certain claims of U.S. Patent No. 10,618,951 (‘‘the ’951 patent’’); and U.S. Patent No. 8,609,416 (‘‘the ’416 patent’’). The complaint further alleges that an industry in the United States exists as required by the applicable Federal Statute. The complaint also alleges violations of section 337 based on the importation into the United States, or in the sale of, certain plant-derived recombinant human serum albumins (‘‘rHSA’’) and products containing same by reason of false designation of origin, the threat or effect of which is to destroy or substantially injure an industry in the United States. The complainant requests that the Commission institute an investigation and, after the investigation, issue a limited exclusion order and cease and desist orders. ADDRESSES: The complaint, except for any confidential information contained therein, may be viewed on the Commission’s electronic docket (EDIS) at https://edis.usitc.gov. For help accessing EDIS, please email EDIS3Help@usitc.gov. Hearing impaired individuals are advised that information on this matter can be obtained by contacting the Commission’s TDD terminal on (202) 205–1810. Persons with mobility impairments who will need special assistance in gaining access to the Commission should contact the Office of the Secretary at (202) 205– 2000. General information concerning SUMMARY: PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 the Commission may also be obtained by accessing its internet server at https://www.usitc.gov. FOR FURTHER INFORMATION CONTACT: Pathenia M. Proctor, The Office of Unfair Import Investigations, U.S. International Trade Commission, telephone (202) 205–2560. SUPPLEMENTARY INFORMATION: Authority: The authority for institution of this investigation is contained in section 337 of the Tariff Act of 1930, as amended, 19 U.S.C. 1337, and in section 210.10 of the Commission’s Rules of Practice and Procedure, 19 CFR 210.10 (2020). Scope of Investigation: Having considered the complaint, the U.S. International Trade Commission, on January 14, 2021, ordered that— (1) Pursuant to subsection (b) of section 337 of the Tariff Act of 1930, as amended, an investigation be instituted to determine: (a) Whether there is a violation of subsection (a)(1)(B) of section 337 in the importation into the United States, the sale for importation, or the sale within the United States after importation of certain products identified in paragraph (2) by reason of infringement of one or more of claims 1–3 and 11–13 of the ’951 patent and claims 1–3, 5–7, 10, 12, 18–20, and 22–25 of the ’416 patent; and whether an industry in the United States exists as required by subsection (a)(2) of section 337; and (b) Whether there is a violation of subsection (a)(1)(A) of section 337 in the importation into the United States, or in the sale of, certain products identified in paragraph (2) by reason of false designation of origin. (2) Pursuant to section 210.10(b)(1) of the Commission’s Rules of Practice and Procedure, 19 CFR 210.10(b)(1), the plain language description of the accused products or category of accused products, which defines the scope of the investigation, is: Plant-derived recombinant human serum albumins (‘‘rHSA’’) and products containing the same, such as lyophilized powders and liquid suspensions primarily containing rHSA along with naturally-occurring plant expression by-products, such as plant heat shock proteins and/or plant fatty acids, as well as cell culture media supplements formulated with such rHSA products. (3) For the purpose of the investigation so instituted, the following are hereby named as parties upon which this notice of investigation shall be served: (a) The complainant is: Ventria Bioscience Inc., 2718 Industrial Drive, Junction City, Kansas 66441. E:\FR\FM\25JAN1.SGM 25JAN1

Agencies

[Federal Register Volume 86, Number 14 (Monday, January 25, 2021)]
[Notices]
[Pages 6915-6916]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01515]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7034-N-05; OMB Control No.: 2502-0524]


30-Day Notice of Proposed Information Collection: Home Equity 
Conversion Mortgage (HECM) Insurance Application for the Origination of 
Reverse Mortgages and Related Documents

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: February 24, 2021.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/Start Printed Page 
15501PRAMain. Find this particular information collection by selecting 
``Currently under 30-day Review--Open for Public Comments'' or by using 
the search function.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on September 17, 2020 at 85 FR 58068.

A. Overview of Information Collection

    Title of Information Collection: Home Equity Conversion Mortgage 
(HECM) Insurance Application for the Origination of Reverse Mortgages 
and Related Documents.
    OMB Approval Number: 2502-0524.
    Type of Request: Revision of currently approved collection.
    Form Number: HUD-92901, HUD-92902, HUD-92051, HUD-92561, HUD-
92800.5b, HUD-92900-A, HUD-92300, HUD-1, HUD-1a, Fannie Mae (FNMA)-
1009, FNMA-1025, FNMA-1003, FNMA-1004, FNMA-1004c, FNMA-1073, HUD-
92541, HUD-92544, NPMA-99A, NPMA-99B
    Description of the need for the information and proposed use: The 
Home Equity Conversion Mortgage (HECM) program is the Federal Housing 
Administration's (FHA) reverse mortgage program that enables seniors 
who have equity in their homes to withdraw a portion of the accumulated 
equity. The intent of the HECM Program is to ease the financial burden 
on elderly homeowners facing increased health, housing, and subsistence 
costs at a time of reduced income. The currently approved information 
collection is necessary to screen mortgage insurance applications to 
protect the FHA insurance fund and the interests of consumers and 
potential borrowers. Specific forms and related documents are needed to 
determine the eligibility of the borrower and proposed mortgage 
transaction for FHA's insurance endorsement. The model HECM Adjustable 
Rate Note has been revised to align with FHA's transition from the 
London InterBank Offered Rate (LIBOR) index to the Secured Overnight 
Financing Rate (SOFR) index, which includes, but is not limited to, new 
definitions and replacement index language for future adjustable 
interest rate index transition events.
    HUD also proposes to strengthen the HECM for Purchase property 
eligibility requirements by requiring inspection documentation for 
newly built properties that will serve as collateral for HECM 
financing. Currently, the HECM for Purchase program requires mortgagees 
to submit a Certificate of Occupancy, or its equivalent, as evidence 
that the property is complete and habitable as a condition of FHA 
insurance. In the near future, mortgagees may be required to complete 
and submit the following forms to FHA: (1) Form HUD-92541, Builder's

[[Page 6916]]

Certification of Plans, Specifications, and Site; (2) Form HUD-92544, 
Warranty of Completion of Construction; (3) Form HUD-NPMA-99-A, 
Subterranean Termite Protection Builder's Guarantee; and (4) Form HUD-
NPMA-99-B, New Construction Subterranean Termite Service Record. These 
forms are currently required by FHA for maximum financing for FHA's 
Title II Single Family forward mortgage programs and will align both 
the reverse and forward mortgage programs to ensure the property meet's 
FHA's minimum property standards while ensuring the home is safe, 
sound, and secure for the HECM borrower.
    Respondents (i.e., affected public): Business or other for profit.
    Estimated Number of Respondents: 2,375.
    Estimated Number of Responses: 59,375.
    Frequency of Response: Occasionally.
    Average Hours per Response: 2.54 hours.
    Total Estimated Burdens: 116,398.75.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility;
    (2) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to minimize the burden of the collection of information on 
those who are to respond: Including through the use of appropriate 
automated collection techniques or other forms of information 
technology, e.g., permitting electronic submission of responses.
    (5) Ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    HUD encourages interested parties to submit comments in response to 
the proposed changes.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2021-01515 Filed 1-22-21; 8:45 am]
BILLING CODE 4210-67-P


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