# 30-Day Notice of Proposed Information Collection: Comment Request Performing Loans Servicing for the Home Equity Conversion Mortgage (HECM)

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URL: https://www.frixlaw.com/law-library/documents/fr%3A2025-21926

## Record

- **Collection:** Federal Register
- **Document type:** Notice
- **Published:** December 4, 2025
- **Citation:** 90 FR 55877

## Text

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7092-N 38; OMB Control No.: 2502-0611]
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
PaperworkReductionActOffice@hud.gov,
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
collection

Number of
respondents

Frequency of
response

Responses
per annum

Burden hour
per response

Annual
burden
hours

Hourly
cost per
response

Annual
cost

Set-Aside Account Administration

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

Mortgage Insurance Premiums (MIP)

Monthly MIP Payments
20.00
330,000.00
6,600,000.00
0.10
660,000.00
24.54
16,196,400.00

Property Repair Administration

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

Compliance

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

HECM Loss Mitigation

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

Post-Due and Payable Events

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

Due and Payable Events

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

Other Information Exchanges

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.

[FR Doc. 2025-21926 Filed 12-3-25; 8:45 am]
BILLING CODE 4210-67-P

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A2025-21926. Public record. Not legal advice.