The Department of Housing and Urban Development (HUD) has submitted a proposed information collection requirement to the Office of Management and Budget (OMB) for review, allowing for 30 more days of public comment. This collection involves the Housing Counseling Program, which provides guidance to homebuyers, homeowners, and renters to help them make informed decisions and avoid predatory lending practices. HUD aims to ensure that these services are offered by approved agencies that meet its standards. The public is invited to comment on whether the information collected is necessary, accurate, and efficient.
Simple Explanation
HUD wants to make sure people get the right advice when buying or renting a home, so they are asking for ideas on how to check if the advice is helpful. They also want to hear if people think it's fair which advice helpers they choose.