# 30-Day Notice of Proposed Information Collection: Comment Request Performing Loans Servicing for the Home Equity Conversion Mortgage (HECM)
**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 comments 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:* January 5, 2026.
**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.
**FOR FURTHER INFORMATION CONTACT:**
Anna Guido, PRA Compliance Officer, Paperwork Reduction Act Division, PRAD, Department of Housing and Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410; email at *[email protected],* ATTN: Anna Guido, telephone (202) 402-5535. This is not a toll-free number. HUD welcomes and is prepared to receive calls om 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. Guido.
**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 November 1, 2024 at 89 FR 87394.
**A. Overview of Information Collection**
*Title of Information Collection:* Performing Loans Servicing for the Home Equity Conversion Mortgage (HECM).
*OMB Approval Number:* 2502-0611.
*Type of Request:* Reinstatement, with change.
*Form Number:* HUD-50002, HUD-50012 (screenshot).
*Description of the need for the information and proposed use:* This information request is a comprehensive collection of requirements for mortgagees that service HECMs and HECM borrowers, who are involved with servicing-related activities that includes collection and payment of mortgage insurance premiums, escrow account administration, providing loan information and customer service.
| Information | Number of | Frequency of | Responses | Burden hour | Annual | Hourly | Annual |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | | | | | | |
| Property Charge Payments | 20.00 | 20,000.00 | 400,000.00 | 0.50 | 200,000.00 | $24.54 | $4,908,000.00 |
| Evidence That Property Charges Have Been Paid | 20.00 | 17,500.00 | 350,000.00 | 0.20 | 70,000.00 | 24.54 | 1,717,800.00 |
| Execution of Payment Plan Changes | 20.00 | 1,000.00 | 20,000.00 | 0.50 | 10,000.00 | 24.54 | 245,400.00 |
| Surplus in Set-Aside Account | 20.00 | 1,250.00 | 25,000.00 | 0.20 | 5,000.00 | 24.54 | 122,700.00 |
| | | | | | | | |
| Monthly MIP Payments | 20.00 | 330,000.00 | 6,600,000.00 | 0.10 | 660,000.00 | 24.54 | 16,196,400.00 |
| | | | | | | | |
| Requests for Disbursement of Funds | 20.00 | 376.25.00 | 7,525.00 | 0.40 | 3,010.00 | 24.54 | 73,865.40 |
| Extension Request to Complete Repairs Required as a Condition of the Mortgage | 20.00 | 250.00 | 5,000.00 | 0.40 | 2,000.00 | 24.54 | 49,080.00 |
| Report of Hazard Insurance Claims | 20.00 | 250.00 | 5,000.00 | 0.40 | 2,000.00 | 24.54 | 49,080.00 |
| Request for Inspection of Repairs in Order to Release Funds | 20.00 | 250.00 | 5,000.00 | 0.40 | 2,000.00 | 24.54 | 49,080.00 |
| Request for Excess Repair Set Aside Funds to Be Disbursed to the Borrower or Moved into the Line of Credit after Repairs Are Completed | 20.00 | 250.00 | 5,000.00 | 0.40 | 2,000.00 | 24.54 | 49,080.00 |
| | | | | | | | |
| Annual Occupancy Certification | 20.00 | 25,000.00 | 500,000.00 | 0.10 | 50,000.00 | 24.54 | 1,227,000.00 |
| Model Doc HECM Borrower and Non-Borrowing Spouse Certification | 20.00 | 25.00 | 500.00 | 0.10 | 50.00 | 24.54 | 1,227.00 |
| | | | | | | | |
| Referral to HECM Counselor | 20.00 | 1,250.00 | 25,000.00 | 0.10 | 25,000.00 | 24.54 | 61,350.00 |
| Referring the borrower to federal or state or local programs for assistance | 20.00 | 375.00 | 7,500.00 | 0.10 | 750.00 | 24.54 | 18,405.00 |
| HECM Loan Refinance | 20.00 | 250.00 | 5,000.00 | 0.50 | 2,500.00 | 24.54 | 61,350.00 |
| Attempting to negotiate a repayment plan | 20.00 | 625.00 | 12,500.00 | 0.50 | 6,250.00 | 24.54 | 153,375.00 |
| Borrowers providing evidence of application to any such available programs | 20.00 | 112.50 | 2,250.00 | 0.25 | 562.50 | 24.54 | 13,803.75 |
| Borrower providing confirmation of approval for assistance | 20.00 | 112.50 | 2,250.00 | 0.25 | 562.50 | 24.54 | 13,803.75 |
| Execution of any agreed-upon repayment plan | 20.00 | 375.00 | 7,500.00 | 0.50 | 3,750.00 | 24.54 | 92,025.00 |
| Request for a Change in Payment Plan | 20.00 | 150.00 | 3,000.00 | 0.25 | 750.00 | 24.54 | 18,405.00 |
| Repayment Plan Administration | 20.00 | 375.00 | 7,500.00 | 0.25 | 1,875.00 | 24.54 | 46,012.50 |
| | | | | | | | |
| Providing a Letter of Intent to Select an Option Other Than Foreclosure | 20.00 | 1,250.00 | 25,000.00 | 0.25 | 6,250.00 | 24.54 | 153,375.00 |
| Signature to a Deed in Lieu of Foreclosure If That Option Is Selected | 20.00 | 375.00 | 7,500.00 | 0.25 | 1,875.00 | 24.54 | 46,012.50 |
| Providing a Listing Agreement and the Sales Contract | 20.00 | 625.00 | 12,500.00 | 0.25 | 3,125.00 | 24.54 | 76,687.50 |
| Loss Mitigation Reporting | 20.00 | 1,500.00 | 30,000.00 | 0.17 | 5,100.00 | 24.54 | 125,154.00 |
| | | | | | | | |
| Requesting Due and Payable Designation | 20.00 | 752.50 | 15,050.00 | 0.10 | 1,505.00 | 24.54 | 36,932.70 |
| Providing Legal Documents Such as Power of Attorney or Trust | 20.00 | 18.75 | 375.00 | 0.33 | 123.75 | 24.54 | 3,036.83 |
| Borrower or Estate Notification of a Due and Payable Event | 20.00 | 1,250.00 | 25,000.00 | 0.17 | 4,250.00 | 24.54 | 104,295.00 |
| Providing Mortgagee with a Death Certificate or Evidence of Non-Occupancy | 20.00 | 375.00 | 7,500.00 | 0.33 | 2,475.00 | 24.54 | 60,736.50 |
| Due and Payable Notification to HUD | 20.00 | 1,875.00 | 37,500.00 | 0.10 | 3,750.00 | 24.54 | 92,025.00 |
| | | | | | | | |
| Electronic HUD-50012 New Extension Request | 20.00 | 12,500.00 | 250,000.00 | 0.25 | 62,500.00 | 24.54 | 1,533,750.00 |
| HUD 50002 Request to Exceed Cost Limits for Preservation and Protection | 20.00 | 12,500.00 | 250,000.00 | 0.25 | 62,500.00 | 24.54 | 1,533,750.00 |
| Compliance Package | 20.00 | 1,875.00 | 37,500.00 | 0.10 | 3,750.00 | 24.54 | 92,025.00 |
| Servicing Package | 20.00 | 1,875.00 | 37,500.00 | 0.10 | 3,750.00 | 24.54 | 92,025.00 |
| Borrowers' Requests for Partial Release | 20.00 | 1,875.00 | 37,500.00 | 0.17 | 6,375.00 | 24.54 | 156,442.50 |
| Requests for payoff Statements | 20.00 | 1,875.00 | 37,500.00 | 0.17 | 6,375.00 | 24.54 | 156,442.50 |
| Request for Appraisal to Sell Property if Not Due and Payable | 20.00 | 1,875.00 | 37,500.00 | 0.17 | 6,375.00 | 24.54 | 156,442.50 |
| Total | 740.00 | | 8,843,450.00 | | 1,205,638.75 | | $29,586,374.93 |
**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.
HUD encourages interested parties to submit comment in response to these questions.
**C. Authority**
Section 2 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507.
Anna Guido,
Department PRA Compliance Officer, Office of Policy Development and Research, Chief Data Officer.