Modification of the Annual National Registry Fee, 65629-65630 [2010-27054]
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Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
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VerDate Mar<15>2010
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Jkt 223001
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Dated: October 20, 2010.
Anthony F. Maciorowski,
Deputy Director, EPA Science Advisory Board
Staff Office.
[FR Doc. 2010–27073 Filed 10–25–10; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
[Docket No. AS10–7]
Modification of the Annual National
Registry Fee
Appraisal Subcommittee (ASC)
of the Federal Financial Institutions
Examination Council.
ACTION: Notice of modification of the
annual National Registry fee to $40.
AGENCY:
Under authority in the DoddFrank Wall Street Reform and Consumer
Protection Act of 2010 (the Dodd-Frank
Reform Act), the ASC modified the
annual National Registry fee (Registry
fee) to $40 from the current $25 amount
at its meeting on October 13, 2010. The
ASC raised the Registry fee to support
its supervisory activities, including
additional authority and responsibility
under the Dodd-Frank Reform Act. The
modified Registry fee of $40 is effective
on January 1, 2012. As of January 1,
2012, for all new appraiser credentials
and all renewals of existing credentials,
States are required to collect and
transmit to the ASC the modified
Registry fee of $40.
The National Registry is a database of
all State licensed and certified
appraisers who are eligible to perform
appraisals for federally related
transactions. Through the National
Registry, lenders and consumers can
readily determine whether an appraiser
holds the appropriate credential and
remains in good standing with the State.
Each State maintains procedures for
certifying, licensing, supervising and
disciplining appraisers. The ASC is
responsible for monitoring States’
appraiser regulatory programs.
DATES: Effective Date: January 1, 2012.
FOR FURTHER INFORMATION CONTACT:
James R. Park, Executive Director, at
(202) 595–7575, or Alice M. Ritter,
General Counsel, at (202) 595–7577, via
Internet e-mail at jim@asc.gov and
alice@asc.gov, respectively, or by U.S.
Mail at Appraisal Subcommittee, 1401
H Street, NW., Suite 760, Washington,
DC 20005.
SUMMARY:
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65629
Title XI of
the Financial Institutions Reform,
Recovery and Enforcement Act of 1989
(Title XI), as amended, requires the ASC
to maintain a national registry of State
licensed and certified appraisers and to
ensure that each State agency transmits
to the ASC, along with an annual
Registry fee, a roster of State certified
and licensed appraisers who are eligible
to perform appraisals in federally
related transactions.
Title XI, as amended by the DoddFrank Reform Act, allows the ASC to
modify the Registry fee to an amount
not more than $40. With approval of the
Federal Financial Institutions
Examination Council, the ASC has
authority to modify the Registry fee
above $40 to an amount not to exceed
$80.
At its meeting on October 13, 2010,
the ASC approved a modification of the
annual Registry fee to $40 from the
current $25 amount, which had
remained unchanged since 1989. The
ASC raised the Registry fee to support
its supervisory activities, including
additional authority and responsibility
under the Dodd-Frank Reform Act.
As addressed in ASC Policy
Statement 8, National Registry of State
Certified and Licensed Appraisers, Title
XI requires States to transmit to the ASC
a roster listing individuals who have
received a State certification or license
to perform appraisals and a Registry fee
from those individuals. The Registry fee
and roster requirements apply to all
individuals who receive State
certifications or licenses originally or by
reciprocity. Moreover, the Registry fee is
due to the ASC from each State in
which an appraiser is certified or
licensed.
To provide a reasonable transition
period for implementation by the States
of the modified Registry fee, the fee
increase is effective on January 1, 2012.
Accordingly, on or after January 1, 2012,
for all new appraiser credentials and all
renewals of existing credentials, States
are required to collect and transmit to
the ASC the modified Registry fee of $40
in order for a credential to be reflected
on the National Registry.
For States that issue multi-year
certifications or licenses that do not
require renewal in 2012, the modified
Registry fee is due to the ASC on the
date that the credential is renewed by
the State. For example, if a State
remitted $50 to the ASC in 2011 for a
two-year certification, the ASC would
accept the amount as payment in full of
the annual Registry fee for calendar
years 2011 and 2012. The State would
not have to collect the $15 difference in
the Registry fee amount for 2012. Upon
SUPPLEMENTARY INFORMATION:
E:\FR\FM\26OCN1.SGM
26OCN1
65630
Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
renewal of the two-year credential in
2013, the State would be required to
remit $80 to the ASC in order for the
appraiser to remain on the National
Registry in 2013 and 2014.
From the ASC’s Web site (https://
www.asc.gov), the public can access the
National Registry for information on a
credentialed appraiser. Certain personal
information about an individual
appraiser is protected by the Privacy
Act, 5 U.S.C. 552a, and is not available
to the public.
By the Appraisal Subcommittee.
Dated: October 20, 2010.
Deborah S. Merkle,
Chairman.
[FR Doc. 2010–27054 Filed 10–25–10; 8:45 am]
BILLING CODE 6700–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2010–N–16]
Agency Information Collection
Activities; Proposals, Submissions,
and Approvals
Federal Housing Finance
Agency.
ACTION: Submission of information
collection for Approval from the Office
of Management and Budget.
AGENCY:
The Federal Housing Finance
Agency (FHFA) has submitted to the
Office of Management and Budget
(OMB) for emergency review, revisions
to the information collection, ‘‘Survey of
FHLBank Economic Development
Programs,’’ OMB No. 2590–0010.
Specifically, FHFA requests review of
the use of surveys at an agencysponsored conference being held
October 25–26, 2010. The surveys will
be used for open-forum discussions at
the conference, and will be distributed
prior to the conference with the intent
that they will help to initiate and focus
the discussions. The surveys are part of
the collection of information that was
previously submitted for emergency
review and subsequently approved on
August 19, 2010, under OMB No. 2590–
0010, in connection with open-forum
discussions that were held in August
and September, 2010. Since that
approval, one of the surveys has been
substantively revised for its use in
October, therefore FHFA is requesting
emergency review of these revisions, in
addition to the general use of the
surveys in October. This revision did
not result in a change in burden. The
collection of information is due to
emcdonald on DSK2BSOYB1PROD with NOTICES
SUMMARY:
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18:09 Oct 25, 2010
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expire April 30, 2011. To allow
interested persons to comment on this
information collection, FHFA is
publishing this notice and plans to
submit a request for a three-year
extension of OMB’s approval.
Comments regarding this information
collection should be addressed to the
Office of Information and Regulatory
Affairs of OMB, Attention: Desk Officer
for the Federal Housing Finance
Agency, Washington, DC 20503, Fax:
202–395–6974, E-mail:
OIRA_Submission@omb.eop.gov. Please
also submit comments to FHFA using
any one of the following methods and
include ‘‘Comments: Survey of FHLBank
Economic Development Programs, No.
2010–N–16’’ as the subject:
• E-mail: RegComments@fhfa.gov;
• Federal eRulemaking Portal: https://
www.regulations.gov.
• U.S. Mail/Hand Delivery: Federal
Housing Finance Agency, Fourth Floor,
1700 G Street, NW., Washington, DC
20552.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name and address, on the FHFA
Web site at https://www.fhfa.gov. In
addition, copies of all comments
received will be available for
examination by the public on business
days between the hours of 10 a.m. and
3 p.m., at the Federal Housing Finance
Agency, Fourth Floor, 1700 G Street,
NW., Washington, DC 20552. To make
an appointment to inspect comments,
please call the Office of General Counsel
at 202–414–6924.
DATES: Written comments should be
received on or before December 27, 2010
to be assured of consideration.
FOR FURTHER INFORMATION CONTACT: For
additional information about this
information collection, or to obtain a
copy with applicable supporting
documentation, contact Charles
McLean, Associate Director, Office of
Housing and Community Investments,
(202) 408–2537,
Charles.McLean@fhfa.gov.
Overview of the Information Collection
Title of the Collection: Survey of
FHLBank Economic Development
Programs.
OMB No.: 2590–0010,
Expires: April 30, 2011.
Need and Use of the Information
Collection: The Office of Housing and
Community Investment (OHCI) of FHFA
is conducting research and outreach
initiatives to determine ways to enhance
the Federal Home Loan Banks’
(FHLBanks) capacity to meet the
PO 00000
Frm 00025
Fmt 4703
Sfmt 4703
nation’s unmet economic development
credit needs. At the conclusion of these
processes, OHCI expects to propose for
public comment amendments to the
Community Investment Cash Advance
(CICA) Regulation in late 2011.
Amending the regulation will update
the regulatory standards to reflect
current community and economic
development investment strategies and
priorities, and clarify a regulation that
may be difficult to apply.
OHCI is conducting research and
outreach initiatives in two phases. The
first phase consisted of two on-line
surveys and open-forum discussion
sessions held in August and September
2010 at Federal Home Loan Banks in
Pittsburgh, San Francisco, Atlanta,
Boston, Dallas, and Des Moines. The
open-forum discussion sessions were
attended by approximately 120
community and economic development
practitioners and experts from all
segments of the community
development field.
This request for an emergency ICR
approval is for the second phase of the
research and outreach initiatives. OHCI
will host an Economic Development
Conference in October 2010. This
conference will be attended by OHCI
staff, FHLBank staff and approximately
100 individuals representing economic
development organizations from all
segments of the community
development field. Participants will
discuss current and future national
economic development issues, financing
challenges, opportunities in the field,
and best practices. OHCI staff will send
four surveys electronically. At the
conference, OHCI staff will conduct
concurrent open-forum discussions and
use the survey responses to initiate the
discussions. The discussions will center
on opportunities and challenges in
using FHLBank financing to fund
economic development projects and
activities that will create jobs and spur
economic growth. Information from the
discussions at the FHLBanks and at the
conference will be used to inform OHCI
how the CICA regulation may be
enhanced.
Affected Public: Private sector.
Costs: FHFA estimates that there will
be no annualized capital/start-up costs
for the respondents to collect and
submit this information.
Type of Respondents: Federal Home
Loan Bank Members, Economic and
Community Development Trade
Associations, State and Local Economic
Development Authorities, and
Economists.
E:\FR\FM\26OCN1.SGM
26OCN1
Agencies
[Federal Register Volume 75, Number 206 (Tuesday, October 26, 2010)]
[Notices]
[Pages 65629-65630]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27054]
=======================================================================
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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
[Docket No. AS10-7]
Modification of the Annual National Registry Fee
AGENCY: Appraisal Subcommittee (ASC) of the Federal Financial
Institutions Examination Council.
ACTION: Notice of modification of the annual National Registry fee to
$40.
-----------------------------------------------------------------------
SUMMARY: Under authority in the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (the Dodd-Frank Reform Act), the ASC
modified the annual National Registry fee (Registry fee) to $40 from
the current $25 amount at its meeting on October 13, 2010. The ASC
raised the Registry fee to support its supervisory activities,
including additional authority and responsibility under the Dodd-Frank
Reform Act. The modified Registry fee of $40 is effective on January 1,
2012. As of January 1, 2012, for all new appraiser credentials and all
renewals of existing credentials, States are required to collect and
transmit to the ASC the modified Registry fee of $40.
The National Registry is a database of all State licensed and
certified appraisers who are eligible to perform appraisals for
federally related transactions. Through the National Registry, lenders
and consumers can readily determine whether an appraiser holds the
appropriate credential and remains in good standing with the State.
Each State maintains procedures for certifying, licensing, supervising
and disciplining appraisers. The ASC is responsible for monitoring
States' appraiser regulatory programs.
DATES: Effective Date: January 1, 2012.
FOR FURTHER INFORMATION CONTACT: James R. Park, Executive Director, at
(202) 595-7575, or Alice M. Ritter, General Counsel, at (202) 595-7577,
via Internet e-mail at jim@asc.gov and alice@asc.gov, respectively, or
by U.S. Mail at Appraisal Subcommittee, 1401 H Street, NW., Suite 760,
Washington, DC 20005.
SUPPLEMENTARY INFORMATION: Title XI of the Financial Institutions
Reform, Recovery and Enforcement Act of 1989 (Title XI), as amended,
requires the ASC to maintain a national registry of State licensed and
certified appraisers and to ensure that each State agency transmits to
the ASC, along with an annual Registry fee, a roster of State certified
and licensed appraisers who are eligible to perform appraisals in
federally related transactions.
Title XI, as amended by the Dodd-Frank Reform Act, allows the ASC
to modify the Registry fee to an amount not more than $40. With
approval of the Federal Financial Institutions Examination Council, the
ASC has authority to modify the Registry fee above $40 to an amount not
to exceed $80.
At its meeting on October 13, 2010, the ASC approved a modification
of the annual Registry fee to $40 from the current $25 amount, which
had remained unchanged since 1989. The ASC raised the Registry fee to
support its supervisory activities, including additional authority and
responsibility under the Dodd-Frank Reform Act.
As addressed in ASC Policy Statement 8, National Registry of State
Certified and Licensed Appraisers, Title XI requires States to transmit
to the ASC a roster listing individuals who have received a State
certification or license to perform appraisals and a Registry fee from
those individuals. The Registry fee and roster requirements apply to
all individuals who receive State certifications or licenses originally
or by reciprocity. Moreover, the Registry fee is due to the ASC from
each State in which an appraiser is certified or licensed.
To provide a reasonable transition period for implementation by the
States of the modified Registry fee, the fee increase is effective on
January 1, 2012. Accordingly, on or after January 1, 2012, for all new
appraiser credentials and all renewals of existing credentials, States
are required to collect and transmit to the ASC the modified Registry
fee of $40 in order for a credential to be reflected on the National
Registry.
For States that issue multi-year certifications or licenses that do
not require renewal in 2012, the modified Registry fee is due to the
ASC on the date that the credential is renewed by the State. For
example, if a State remitted $50 to the ASC in 2011 for a two-year
certification, the ASC would accept the amount as payment in full of
the annual Registry fee for calendar years 2011 and 2012. The State
would not have to collect the $15 difference in the Registry fee amount
for 2012. Upon
[[Page 65630]]
renewal of the two-year credential in 2013, the State would be required
to remit $80 to the ASC in order for the appraiser to remain on the
National Registry in 2013 and 2014.
From the ASC's Web site (https://www.asc.gov), the public can access
the National Registry for information on a credentialed appraiser.
Certain personal information about an individual appraiser is protected
by the Privacy Act, 5 U.S.C. 552a, and is not available to the public.
By the Appraisal Subcommittee.
Dated: October 20, 2010.
Deborah S. Merkle,
Chairman.
[FR Doc. 2010-27054 Filed 10-25-10; 8:45 am]
BILLING CODE 6700-01-P