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Federal forms, ICRs, and supporting documents

Information Collection Request

Reverse Mortgage Products - Guidance for Managing Reputation Risks

ICR 201609-1557-002 · OMB 1557-0246 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
1557-0246 Supporting Statement 10-4-16.doc Supporting Statement A Uploaded 2016-10-04 Available
IC Document Collections
IC IDCollectionTypeStatusForm
192202 Program Maintenance Other-null Modified
192201 Development of Policies and Procedures; and Training Other-null Modified
ICR Details
1557-0246 201609-1557-002
Historical Active 201307-1557-006
TREAS/OCC
Reverse Mortgage Products - Guidance for Managing Reputation Risks
Extension without change of a currently approved collection   No
Regular
Approved without change 12/27/2016
Retrieve Notice of Action (NOA) 10/20/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved 12/31/2016
16 0 194
160 0 4,656
0 0 0
The guidance assists institutions in managing the compliance and reputation risks associated with reverse mortgages. It ensures that institutions' risk management and consumer protection practices adequately address the compliance and reputation risks raised by reverse mortgage lending.
US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  
None
Not associated with rulemaking
  81 FR 45221 07/12/2016
81 FR 72673 10/20/2016
Yes
2
IC Title Form No. Form Name
Program Maintenance
Development of Policies and Procedures; and Training
  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 16 194 0 0 -178 0
Annual Time Burden (Hours) 160 4,656 0 0 -4,496 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden is due to the decrease in the number of institutions originating reverse mortgages.
No
No
No
No
No
Uncollected
Nancy Worth 202 649-6223
  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.
10/20/2016