2010-18414. Notice of Submission of Proposed Information Collection to OMB Emergency Comment Request; Notice of Proposed Information Collection for Public Comment on Assessment of Consumer Protection Gaps for Home Equity Conversion Mortgage Borrowers

AGENCY:

Office of the Chief Information Officer, HUD.

ACTION:

Notice of proposed information collection.

SUMMARY:

The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for emergency review and approval, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.

DATES:

Comments Due Date: August 3, 2010.

ADDRESSES:

Interested persons are invited to submit comments regarding this proposal. Comments must be received within seven (7) days from the date of this Notice. Comments should refer to the proposal by name/or OMB approval number and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; e-mail: OIRA_Submission @omb.eop.gov; fax: [phone].

FOR FURTHER INFORMATION CONTACT:

Leroy McKinney, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail: [e-mail]; telephone [phone]. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Mr. McKinney.

SUPPLEMENTARY INFORMATION:

This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate 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) evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information; (3) enhance the quality, utility, and clarity of the information to be collected; and (4) 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.

This Notice also lists the following information:

Title of Proposal: Notice of Proposed Information Collection for Public Comment On Assessment of Consumer Protection Gaps for Home Equity Conversion Mortgage Borrowers.

OMB Control Number: 2502-New.

Agency Form Numbers: None.

Description of Information Collection: This is a new information collection. A twenty-minute phone survey will be conduced among 600 Home Equity Conversion Mortgage (HECM) borrowers. It will help FHA Assess Consumer Protection Gaps for HECM borrowers.

Members of Affected Public: Lenders, Borrowers, Counselors and Not-for-profit consumer advocacy organizations.

Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of responses, and hours of responses: An estimation of the total number of hours needed to conduct this one-time, 20 minute survey among 600 HECM borrowers is 200 hours.

Total Estimated Burden Hours: 200.

Status of the proposed information collection: New collection

Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended.

Dated: July 22, 2010.

Leroy McKinney Jr.,

Departmental Reports Management Officer, Office of the Chief Information Officer.