OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster

ICR 200907-2502-004 · OMB 2502-0586 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form HUD 92904 Application for HECM Counselor Roster Form and Instruction Modified Available
ICR 2502-Pending.docx Supporting Statement A Uploaded 2009-07-16 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
46649 Application for HECM Counselor Roster Form and Instruction Modified
ICR Details
2502-0586 200907-2502-004
Historical Active 200701-2502-001
HUD/OH
Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 08/19/2009
Retrieve Notice of Action (NOA) 07/16/2009
  Inventory as of this Action Requested Previously Approved
08/31/2012 36 Months From Approved
605 0 0
851 0 0
0 0 0
This PRA package provides reporting burden for individuals to apply to be placed on the HECM counselor roster. Individuals are required to successfully pass a standardized HECM exam and provide information collected on proposed form HUD 92904. HUD uses the information provided to determine the applicants' eligibility to be placed on the HECM counselor roster.
US Code: 12 USC 1708 Name of Law: National Housing Act
  
None
2502-AI34 Final or interim final rulemaking 72 FR 4 01/08/2007
No
1
IC Title Form No. Form Name
Application for HECM Counselor Roster HUD 92904 Application for HECM Counselor Roster
  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 605 0 0 605 0 0
Annual Time Burden (Hours) 851 0 0 851 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This final rule amends HUD’s HECM program regulations by establishing testing standards to qualify individuals as HECM counselors eligible to provide HECM counseling to prospective HECM borrowers. The rule also establishes a HECM Counseling Roster (Roster) of eligible HECM counselors and provides for their removal for cause. This rule is intended to contribute to improving the quality of HECM counseling. HECM counseling enables elderly homeowners to make more informed decisions when considering mortgage options and whether to pursue a HECM loan.
$27,000
No
No
Uncollected
Uncollected
No
Uncollected
Betsy McDaniel 202 708-0614 ext. 4465
  No
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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
07/16/2009