60-Day Notice of Proposed Information Collection: Disclosure of Adjustable Rate Mortgage (ARM) Rates
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 req...
[Docket No. FR-7110-N-16; OMB Control No. 2502-0322]
AGENCY:
Office of the Assistant Secretary for Housing—Federal Housing, HUD.
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 comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
DATES:
Comments Due Date:
November 24, 2026.
ADDRESSES:
Interested persons are invited to submit comments regarding this proposal.Written comments and recommendations for the proposed information collection can be sent within 60 days of publication of this notice to
www.regulations.gov.
Interested persons are also invited to submit comments regarding this proposal and comments should refer to the proposal by name and/or OMB Control Number and should be sent to: Darian Ziegler, PRA Liaison, Department of Housing and Urban Development, 451 7th Street SW, Room 9110, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Darian Ziegler, PRA Liaison, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW, Room 9110, Washington, DC 20410; email
darian.ziegler@hud.gov,
or telephone (202) 402-4144. This is not a toll-free number. HUD welcomes and is prepared to receive calls from 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
www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
Copies of available supporting documents for the proposed collection may be obtained from Ms. Ziegler.
SUPPLEMENTARY INFORMATION:
This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A.
A. Overview of Information Collection
Title of Information Collection:
Disclosure of Adjustable Rate Mortgage (ARM) Rates.
OMB Approval Number:
2502-0322.
Type of Request:
Extension of currently approved collection.
Form Number:
None.
Description of the need for the information and proposed use:
Mortgage lenders must provide loan applicants wishing to obtain an FHA-insured Adjustable Rate Mortgage (ARM) with a pre-loan disclosure that includes a written explanation of the ARM loan features. Loan servicers must also provide mortgagors with adjustable rate mortgages an annual ARM Disclosure Notice at least 25 days before any adjustment to a mortgagor's monthly payment may occur, advising the borrower of the new interest rate, the new monthly payment, index value and how the adjustment was calculated. Lenders generate the ARM Disclosures electronically and generally provide these disclosures on paper to their borrowers or in electronic formats. HUD collects the pre-loan ARM disclosure as part of the origination case binder. HUD may collect post-closing ARM disclosures as part of HUD's program monitoring and enforcement activities,
e.g.,
when a loan is selected for HUD's post-endorsement quality review, or the lender sends the file to HUD for claim. HUD may review collected disclosures to ensure compliance with the ARM disclosure requirements.
Respondents:
Lenders.
Estimated Number of Respondents:
60,609.
Estimated Number of Responses:
60,609.
Frequency of Response:
One per FHA insured adjustable rate loan.
Average Hours per Response:
0.05.
Total Estimated Burdens:
3,030.
( printed page 60980)
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.
www.regulations.gov
www.fcc.gov/consumers/guides/telecommunications-relay-service-trs
44 U.S.C. 3507