30-Day Notice of Proposed Information Collection: Home Equity Conversion Mortgage (HECM) Insurance Application for the Origination of Reverse Mortgages and Related Documents, OMB Control No.: 2502-0524, 21262-21263 [2024-06506]
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Federal Register / Vol. 89, No. 60 / Wednesday, March 27, 2024 / Notices
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 7th Street SW,
Room 8210, Washington, DC 20410;
email Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
This is not a toll-free number. This is
not a toll-free number. HUD welcomes
and is prepared to receive calls from
individuals who are deaf or hard of
hearing, as well as individuals with
speech or communication disabilities.
To learn more about how to make an
accessible telephone call, please visit
https://www.fcc.gov/consumers/guides/
telecommunications-relay-service-trs.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for 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 July 3, 2023 at
88 FR 42737.
A. Overview of Information Collection
Title of Information Collection:
Technical Suitability of Products.
OMB Approval Number: 2502–0313.
OMB Expiration Date: 3/31/2024.
Type of Request: Revision of a
currently approved collection.
Form Number: HUD–92005,
Description of Materials.
Description of the need for the
information and proposed use: This
information is needed under HUD’s
Technical Suitability of Products
program, which provides for the
acceptance of new materials and
products used in buildings financed
with HUD-insured mortgages. This
includes new single-family homes,
multi-family homes, and healthcaretype facilities.
Respondents: Business or other forprofit.
Estimated Number of Respondents:
39.
Estimated Number of Responses: 39.
Frequency of Response: 1.
Average Hours per Response: 26.
Total Estimated Burden: 1,131 hours.
khammond on DSKJM1Z7X2PROD 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
VerDate Sep<11>2014
17:03 Mar 26, 2024
Jkt 262001
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.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Colette Pollard,
Department Reports Management Officer,
Office of Policy Development and Research,
Chief Data Officer.
[FR Doc. 2024–06505 Filed 3–26–24; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7080–N–17]
30-Day Notice of Proposed Information
Collection: Home Equity Conversion
Mortgage (HECM) Insurance
Application for the Origination of
Reverse Mortgages and Related
Documents, OMB Control No.: 2502–
0524
Office of Policy Development
and Research, Chief Data Officer, HUD.
ACTION: Notice.
AGENCY:
HUD is seeking approval from
the Office of Management and Budget
(OMB) for the information collection
described below. In accordance with the
Paperwork Reduction Act, HUD is
requesting comment from all interested
parties on the proposed collection of
information. The purpose of this notice
is to allow for 30 days of public
comment.
DATES: Comments Due Date: April 26,
2024.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Written comments and
recommendations for the proposed
SUMMARY:
PO 00000
Frm 00030
Fmt 4703
Sfmt 4703
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Interested persons are
also invited to submit comments
regarding this proposal and comments
should refer to the proposal by name
and/or OMB Control Number and
should be sent to: Colette Pollard,
Clearance Officer, REE, Department of
Housing and Urban Development, 451
7th Street SW, Room 8210, Washington,
DC 20410; email
PaperworkReductionActOffice@
hud.gov.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 7th Street SW,
Room 8210, Washington, DC 20410;
email Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
This is not a toll-free number. HUD
welcomes and is prepared to receive
calls from individuals who are deaf or
hard of hearing, as well as individuals
with speech or communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for 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 October 31, 2023
at 88 74505.
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–92541, HUD–
92544, HUD–92561, HUD–92564–CN,
HUD–92800.5b, HUD–92900–A, HUD
92900–C, HUD–1, HUD–1a, HUD–9991,
HUD–9992, FNMA–1003, FNMA–1004,
FNMA–1004C, FNMA–1004D, FNMA–
1007, FNMA–1009, FNMA–1025,
E:\FR\FM\27MRN1.SGM
27MRN1
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 60 / Wednesday, March 27, 2024 / Notices
FNMA–1073, FNMA–1103, 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 in order to protect the FHA
insurance fund and the interests of
consumers and potential borrowers.
Form HUD–92901, Home Equity
Conversion Mortgage (HECM) AntiChurning Disclosure has been revised
to: (1) update the Privacy Act notice and
Notice the Borrower; (2) include the
purpose of the disclosure and Public
Reporting Burden Statement; (3) wholly
revise the table for the mortgagee’s best
estimate of the total cost of the
refinancing to the borrower and increase
in the borrower’s principal limit; (4)
added a mortgagee’s certification and
revised the borrower’s
acknowledgement; (5) included a
warning of the actions that may be taken
against anyone who knowingly submits
a false claim or makes a false statement.
HUD also seeks to transition from the
discontinued Fannie Mae form 1009,
Residential Loan Application for
Reverse Mortgages to Fannie Mae form
1003, Uniform Residential Loan
Application that is also used in the
mortgage industry by Government
Sponsored Enterprises to originate
conventional mortgages. HUD plans to
replace its use of form HUD 92900–A,
HUD/VA Addendum to Uniform
Residential Loan Application with form
HUD 92900–C, HUD Addendum to
Uniform Residential Loan Application
for Reverse Mortgages. The purpose of
form HUD 92900–C is to collect loanlevel data that is needed for insuring
purposes and not found on Fannie Mae
form 1003. The standard loan
application to originate a HECM will
comprise Fannie Mae form 1003, form
HUD–92900–C, and Fannie Mae form
1103, Supplemental Consumer
Information Form, which has been
adopted by the mortgage industry and is
being added to this information
collection.
This collection is being revised to also
to add the model Home Equity
Conversion Mortgage (HECM) Program
Disclosure to serve as a compliance aid
for mortgagees to satisfy the regulatory
VerDate Sep<11>2014
17:03 Mar 26, 2024
Jkt 262001
requirements at 24 CFR 206.13 by
providing borrowers with a disclosure
the explains all products, features, and
options of the HECM program that HUD
will insure.
Respondents: Mortgagees.
Estimated Number of Respondents:
224.
Estimated Number of Responses:
444,408.
Frequency of Response: Varies.
Average Hours per Response: 0.05 to
2.00.
Total Estimated Burdens:
$20,425,126.14.
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 comment in response to these
questions.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
chapter 35.
Colette Pollard,
Department Reports Management Officer,
Office of Policy Development and Research,
Chief Data Officer.
[FR Doc. 2024–06506 Filed 3–26–24; 8:45 am]
BILLING CODE 4210–67–P
PO 00000
Frm 00031
Fmt 4703
Sfmt 4703
21263
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–6450–D–02]
Order of Succession for the Office of
Departmental Equal Employment
Opportunity
Office of Departmental Equal
Employment Opportunity, Department
of Housing and Urban Development
(HUD).
ACTION: Notice of order of succession.
AGENCY:
In this notice, the Director of
the Office of Departmental Equal
Employment Opportunity (ODEEO)
designates the order of succession for
ODEEO. This order of succession
supersedes all prior Orders of
Succession for ODEEO.
DATES: Applicable Date: March 21, 2024.
FOR FURTHER INFORMATION CONTACT: Lee
Ann Richardson, Deputy Assistant
General Counsel for Administrative
Law, Office of General Counsel,
Department of Housing and Urban
Development, 451 7th Street SW, Room
9244, Washington, DC 20410, telephone
number (202) 405–5127 (this is not a
toll-free number). HUD welcomes and is
prepared to receive calls from
individuals who are deaf or hard of
hearing, as well as individuals with
speech or communication disabilities.
To learn more about how to make an
accessible telephone call, please visit:
https://www.fcc.gov/consumers/guides/
telecommunications-relay-service-trs.
SUPPLEMENTARY INFORMATION: The
Director of ODEEO is issuing this order
of succession of officials authorized to
perform the duties and functions of the
Director of ODEEO when the Director is
not available to exercise the powers or
perform the duties of the office. This
Order of Succession is subject to the
provisions of the Federal Vacancies
Reform Act of 1998 (5 U.S.C. 3345–
3349d). This publication supersedes all
prior Orders of Succession for ODEEO.
SUMMARY:
Section A. Order of Succession
Subject to the provisions of the
Federal Vacancies Reform Act of 1998 (5
U.S.C. 3345 et seq.,) during any period
when, by reason of absence, disability,
or vacancy in office, the Director is not
available to exercise the powers or
perform the duties of the Director of
ODEEO, the following officials within
ODEEO are hereby designated to
exercise the powers and perform the
duties of the Director of ODEEO. These
officials shall perform the functions and
duties of the office in the order specified
herein, and no official shall serve unless
all the other officials, whose position
E:\FR\FM\27MRN1.SGM
27MRN1
]]>Agencies
[Federal Register Volume 89, Number 60 (Wednesday, March 27, 2024)]
[Notices]
[Pages 21262-21263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06506]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7080-N-17]
30-Day Notice of Proposed Information Collection: Home Equity
Conversion Mortgage (HECM) Insurance Application for the Origination of
Reverse Mortgages and Related Documents, OMB Control No.: 2502-0524
AGENCY: Office of Policy Development and Research, Chief Data Officer,
HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD is seeking approval from the Office of Management and
Budget (OMB) for the information collection described below. In
accordance with the Paperwork Reduction Act, HUD is requesting comment
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 30 days of public comment.
DATES: Comments Due Date: April 26, 2024.
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/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested
persons are also invited to submit comments regarding this proposal and
comments should refer to the proposal by name and/or OMB Control Number
and should be sent to: Colette Pollard, Clearance Officer, REE,
Department of Housing and Urban Development, 451 7th Street SW, Room
8210, Washington, DC 20410; email [email protected].
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 7th Street
SW, Room 8210, Washington, DC 20410; email Colette Pollard at
[email protected] or telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from
individuals who are deaf or hard of hearing, as well as individuals
with speech or communication disabilities. To learn more about how to
make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
Copies of available documents submitted to OMB may be obtained from
Ms. Pollard.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for 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 October
31, 2023 at 88 74505.
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-92541, HUD-92544,
HUD-92561, HUD-92564-CN, HUD-92800.5b, HUD-92900-A, HUD 92900-C, HUD-1,
HUD-1a, HUD-9991, HUD-9992, FNMA-1003, FNMA-1004, FNMA-1004C, FNMA-
1004D, FNMA-1007, FNMA-1009, FNMA-1025,
[[Page 21263]]
FNMA-1073, FNMA-1103, 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 in
order to protect the FHA insurance fund and the interests of consumers
and potential borrowers.
Form HUD-92901, Home Equity Conversion Mortgage (HECM) Anti-
Churning Disclosure has been revised to: (1) update the Privacy Act
notice and Notice the Borrower; (2) include the purpose of the
disclosure and Public Reporting Burden Statement; (3) wholly revise the
table for the mortgagee's best estimate of the total cost of the
refinancing to the borrower and increase in the borrower's principal
limit; (4) added a mortgagee's certification and revised the borrower's
acknowledgement; (5) included a warning of the actions that may be
taken against anyone who knowingly submits a false claim or makes a
false statement.
HUD also seeks to transition from the discontinued Fannie Mae form
1009, Residential Loan Application for Reverse Mortgages to Fannie Mae
form 1003, Uniform Residential Loan Application that is also used in
the mortgage industry by Government Sponsored Enterprises to originate
conventional mortgages. HUD plans to replace its use of form HUD 92900-
A, HUD/VA Addendum to Uniform Residential Loan Application with form
HUD 92900-C, HUD Addendum to Uniform Residential Loan Application for
Reverse Mortgages. The purpose of form HUD 92900-C is to collect loan-
level data that is needed for insuring purposes and not found on Fannie
Mae form 1003. The standard loan application to originate a HECM will
comprise Fannie Mae form 1003, form HUD-92900-C, and Fannie Mae form
1103, Supplemental Consumer Information Form, which has been adopted by
the mortgage industry and is being added to this information
collection.
This collection is being revised to also to add the model Home
Equity Conversion Mortgage (HECM) Program Disclosure to serve as a
compliance aid for mortgagees to satisfy the regulatory requirements at
24 CFR 206.13 by providing borrowers with a disclosure the explains all
products, features, and options of the HECM program that HUD will
insure.
Respondents: Mortgagees.
Estimated Number of Respondents: 224.
Estimated Number of Responses: 444,408.
Frequency of Response: Varies.
Average Hours per Response: 0.05 to 2.00.
Total Estimated Burdens: $20,425,126.14.
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 comment in response to
these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
chapter 35.
Colette Pollard,
Department Reports Management Officer, Office of Policy Development and
Research, Chief Data Officer.
[FR Doc. 2024-06506 Filed 3-26-24; 8:45 am]
BILLING CODE 4210-67-P
