Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster

ICR 201503-2502-001 · OMB 2502-0586 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2502-0586 can be found here:

Forms and Documents

Document	Type	Status	Availability
Form HUD 92904 Application for HECM Counselor Roster	Form	Modified	Repair queued
supporting statement - A.docx	Supporting Statement A	Uploaded 2015-06-19	Available
ML HECM Broker.doc	Supplementary Document	Uploaded 2012-08-15	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
46649	Application for HECM Counselor Roster	Form	Modified

ICR Details

OMB Control No: 2502-0586	ICR Reference No: 201503-2502-001
Status: Historical Active	Previous ICR Reference No: 201202-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/06/2015
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/01/2015
Terms of Clearance: In accordance with 5 CFR 1320, this information collection is approved for 3 years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2018	36 Months From Approved	08/31/2015
Responses	605	0	405
Time Burden (Hours)	851	0	651
Cost Burden (Dollars)	0	0	0

Abstract: 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.

Authorizing Statute(s): US Code: 12 USC 1708 Name of Law: National Housing Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 15805	03/25/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 37009	06/29/2015
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Application for HECM Counselor Roster	HUD 92904	Application for HECM Counseling roster

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	605	405	200
Annual Time Burden (Hours)	851	651	200
Annual Cost Burden (Dollars)	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: The examination and application assists HUD in evaluating the knowledge and capacity of individuals interested in providing HECM counseling to potential HECM borrowers thereby reducing the risk to the insurance fund. The collection of information assists HUD in providing and maintaining a current roster of HUD-approved HECM counselors to the general public and interested customers.

Annual Cost to Federal Government: $21,600

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

Agency Contact: John Olmstead 802 951-6290 ext. 3008

Common Form ICR: No