The Department of Housing and Urban Development announced that it’s creating a new HECM counseling survey to obtain information about borrowers counseling experience. The information obtained will help HUD determine performance reviews of counseling agencies.
According to the Federal Register Notice, HUD is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to:
- 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.
- Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information.
- Enhance the quality, utility, and clarity of the information to be collected.
- 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.