Submission for OMB Review; Comment Request, 77766-77767 [2011-32080]

Download as PDF 77766 Notices Federal Register Vol. 76, No. 240 Wednesday, December 14, 2011 This section of the FEDERAL REGISTER contains documents other than rules or proposed rules that are applicable to the public. Notices of hearings and investigations, committee meetings, agency decisions and rulings, delegations of authority, filing of petitions and applications and agency statements of organization and functions are examples of documents appearing in this section. BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No. CFPB–2011–0043] Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for public comment. AGENCY: The Bureau of Consumer Financial Protection (CFPB), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a proposed information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104–13. The CFPB is soliciting comments on an information collection request that will be submitted to the Office of Management and Budget (OMB) for review and clearance on or after the date of publication of this notice. A copy of the submission may be obtained by contacting the agency contacts listed below. DATES: Written comments are encouraged and must be received on or before January 13, 2012 to be assured of consideration. COMMENTS: You may submit comments, identified by Docket No. CFPB–2011– 0043, by any of the following methods: • Electronic: http:// www.regulations.gov. Follow the instructions for submitting comments. • Mail: Mitchell E. Hochberg or Jane Gao, Office of Regulations, Consumer Financial Protection Bureau, 1500 Pennsylvania Avenue NW., (Attn: 1801 L Street), Washington, DC 20220, with mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: a copy to Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503. • Hand Delivery/Courier: Mitchell E. Hochberg or Jane Gao, Office of Regulations, Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 20006, with a copy to Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to the agency contacts listed below. SUPPLEMENTARY INFORMATION: OMB Number: 3170–XXXX. Type of Review: Emergency Clearance Request. Title: Qualitative Testing of Mortgage Servicing Related Model Forms and Disclosures. Description: The Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law No. 111–203, Title XIV (the ‘‘Dodd-Frank Act’’), requires CFPB to publish, in final form, certain mortgage servicing rules by January 21, 2013. These rules implement Sections 1418 (Reset of Hybrid Adjustable Rate Mortgages), 1420 (Periodic Mortgage Loan Statements) and 1463 (ForcePlaced Insurance Disclosures) of the Dodd-Frank Act. The CFPB has determined that model forms and disclosures are required for these rules. The CFPB will collect data, including through one-on-one cognitive thinkaloud interviews, to inform its design, development and implementation of the required forms. The CFPB will use an iterative process to improve any drafts to make it easier for a consumer to use the documents and understand the information presented in the documents with respect the consumer’s mortgage loan. The data collection will include: • Consent forms that will be used to obtain the consent of participants for the cognitive interview process; • Participant questionnaires to obtain demographic information about the participants; and • Interview protocols for conducting the interviews. The core objective of the data collection is to help refine specific features of the content and design of the forms to maximize communication effectiveness while minimizing compliance burden. The CFPB will evaluate one or more draft forms through iterative qualitative testing with consumers, including observation of consumers’ usage of the disclosures, their understanding of the contents, and the choices they make. The qualitative testing is focused on the purposes of the disclosures. These purposes include, among other things: • With respect to mortgage loan periodic statements, improving consumer understanding by better disclosing information regarding the consumer’s mortgage loan; • With respect to disclosures concerning interest rate adjustments for hybrid adjustable rate mortgages, informing consumers of pending interest rate adjustments, enabling a consumer to consider alternative options with respect to the consumer’s mortgage loan, and providing information to a consumer to facilitate pursuing such alternative options; and • With respect to force-placed insurance disclosures, reminding a consumer of the obligation to maintain hazard insurance on the property securing a mortgage; informing the consumer that the servicer does not have evidence of hazard insurance coverage, informing the consumer of the manner in which the consumer may demonstrate to a mortgage servicer that the consumer has obtained hazard insurance coverage, and informing the consumer that if the consumer fails to obtain hazard insurance coverage, the lender may obtain such coverage at the consumer’s expense. The CFPB plans to test at three sites in three rounds to allow for improvement to the forms between rounds. Below is an estimate of the aggregate burden hours for the three rounds of testing. Number of respondents Process Cognitive Think-Aloud Interviews ................................................................................................ VerDate Mar<15>2010 19:11 Dec 13, 2011 Jkt 226001 PO 00000 Frm 00001 Fmt 4703 Sfmt 4703 E:\FR\FM\14DEN1.SGM 36 14DEN1 Average burden per response (in minutes) 60 Total burden hours 36 77767 Federal Register / Vol. 76, No. 240 / Wednesday, December 14, 2011 / Notices Number of respondents Process Average burden per response (in minutes) Total burden hours Screening ..................................................................................................................................... Travel time to sites ...................................................................................................................... 360 36 6 60 36 36 Total ...................................................................................................................................... ........................ ........................ 108 Request for Comments: Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated, electronic, mechanical, or other technological collection techniques or other forms of information technology. All comments will become a matter of public record. Agency Contact: Mitchell E. Hochberg or Jane Gao, Office of Regulations, Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC 20006; (202) 435–7700. OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. Dated: December 9, 2011. Robert Dahl, PRA Clearance Officer, Department of the Treasury. [FR Doc. 2011–32080 Filed 12–13–11; 8:45 am] Animal Plant and Health Inspection Service BILLING CODE 4810–AM–P DEPARTMENT OF AGRICULTURE Submission for OMB Review; Comment Request mstockstill on DSK4VPTVN1PROD with NOTICES December 8, 2011. The Department of Agriculture has submitted the following information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13. Comments regarding (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of burden including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility and VerDate Mar<15>2010 19:11 Dec 13, 2011 clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology should be addressed to: Desk Officer for Agriculture, Office of Information and Regulatory Affairs, Office of Management and Budget (OMB), OIRA_Submission@OMB.EOP.GOV or fax (202) 395–5806 and to Departmental Clearance Office, USDA, OCIO, Mail Stop 7602, Washington, DC 20250– 7602. Comments regarding these information collections are best assured of having their full effect if received within 30 days of this notification. Copies of the submission(s) may be obtained by calling (202) 720–8958. An agency may not conduct or sponsor a collection of information unless the collection of information displays a currently valid OMB control number and the agency informs potential persons who are to respond to the collection of information that such persons are not required to respond to the collection of information unless it displays a currently valid OMB control number. Jkt 226001 Title: Virus-Serum-Toxin Act and Regulations in 9 CFR, Subchapter E, Parts 101–124. OMB Control Number: 0579–0013. Summary of Collection: The VirusSerum-Toxin Act (37 Stat. 832–833, 21 U.S.C. 151–159) gives the United States Department of Agriculture, the Animal and Plant Health Inspection Service (APHIS) the authority to promulgate regulations designed to prevent the importation, preparation, sale, or shipment of harmful veterinary biological products. A veterinary biological product is defined as all viruses, serums, toxins, and analogous products of natural or synthetic origin. In order to effectively implement the licensing, production, labeling, importation, and other requirements, APHIS employs a number of PO 00000 Frm 00002 Fmt 4703 Sfmt 4703 information gathering tools such as establishment license applications, product license applications, product permit applications, product and test report forms and field study summaries. Need and Use of the Information: APHIS uses the information collected as a primary basis for the approval or acceptance of issuing licenses or permits to ensure veterinary biological products that are used in the United States are pure, safe, potent, and effective. Also, APHIS uses the information to monitor the serials for purity, safety, potency and efficacy that are produced by licensed manufacturers prior to their release for marketing. Failing to collect this information would severely cripple APHIS’ ability to prevent harmful veterinary biologics from being distributed in the United States. Description of Respondents: Business or other for profit; State, Local or Tribal Government. Number of Respondents: 202. Frequency of Responses: Recordkeeping; Reporting: On occasion. Total Burden Hours: 74,386. Animal and Plant Health Inspection Service Title: Scrapie in Sheep and Goats; Interstate Movement Restrictions and Indemnity Program. OMB Control Number: 0579–0101. Summary of Collection: Under the Farm Security and Rural Investment Act of 2002, Public Law 107–71, subtitle E, Animal Health Protection, Section 10401–10418, the Secretary of Agriculture, in order to protect the agriculture, environment, economy, and health and welfare of the people of the United States by preventing, detecting, controlling, and eradicating diseases and pests of animal, is authorized to cooperate with foreign countries, States, and other jurisdictions, or other person, to prevent and eliminate burdens on interstate commerce and foreign commerce, and to regulate effectively interstate commerce and foreign commerce. Scrapie is a progressive, degenerative and eventually fatal disease affecting the central nervous system of sheep and goats. Its control is complicated because the disease has an extremely long incubation period E:\FR\FM\14DEN1.SGM 14DEN1

Agencies

[Federal Register Volume 76, Number 240 (Wednesday, December 14, 2011)]
[Notices]
[Pages 77766-77767]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-32080]


========================================================================
Notices
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains documents other than rules 
or proposed rules that are applicable to the public. Notices of hearings 
and investigations, committee meetings, agency decisions and rulings, 
delegations of authority, filing of petitions and applications and agency 
statements of organization and functions are examples of documents 
appearing in this section.

========================================================================


Federal Register / Vol. 76, No. 240 / Wednesday, December 14, 2011 / 
Notices

[[Page 77766]]



BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2011-0043]


Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for public comment.

-----------------------------------------------------------------------

SUMMARY: The Bureau of Consumer Financial Protection (CFPB), as part of 
its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on a proposed information collection, as 
required by the Paperwork Reduction Act of 1995, Public Law 104-13. The 
CFPB is soliciting comments on an information collection request that 
will be submitted to the Office of Management and Budget (OMB) for 
review and clearance on or after the date of publication of this 
notice. A copy of the submission may be obtained by contacting the 
agency contacts listed below.

DATES: Written comments are encouraged and must be received on or 
before January 13, 2012 to be assured of consideration.
COMMENTS: You may submit comments, identified by Docket No. CFPB-2011-
0043, by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Mitchell E. Hochberg or Jane Gao, Office of 
Regulations, Consumer Financial Protection Bureau, 1500 Pennsylvania 
Avenue NW., (Attn: 1801 L Street), Washington, DC 20220, with a copy to 
Shagufta Ahmed, Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503.
     Hand Delivery/Courier: Mitchell E. Hochberg or Jane Gao, 
Office of Regulations, Consumer Financial Protection Bureau, 1700 G 
Street NW., Washington, DC 20006, with a copy to Shagufta Ahmed, Office 
of Management and Budget, New Executive Office Building, Room 10235, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the agency contacts listed below.

SUPPLEMENTARY INFORMATION: OMB Number: 3170-XXXX.
    Type of Review: Emergency Clearance Request.
    Title: Qualitative Testing of Mortgage Servicing Related Model 
Forms and Disclosures.
    Description: The Dodd-Frank Wall Street Reform and Consumer 
Protection Act, Public Law No. 111-203, Title XIV (the ``Dodd-Frank 
Act''), requires CFPB to publish, in final form, certain mortgage 
servicing rules by January 21, 2013. These rules implement Sections 
1418 (Reset of Hybrid Adjustable Rate Mortgages), 1420 (Periodic 
Mortgage Loan Statements) and 1463 (Force-Placed Insurance Disclosures) 
of the Dodd-Frank Act. The CFPB has determined that model forms and 
disclosures are required for these rules.
    The CFPB will collect data, including through one-on-one cognitive 
think-aloud interviews, to inform its design, development and 
implementation of the required forms. The CFPB will use an iterative 
process to improve any drafts to make it easier for a consumer to use 
the documents and understand the information presented in the documents 
with respect the consumer's mortgage loan.
    The data collection will include:
     Consent forms that will be used to obtain the consent of 
participants for the cognitive interview process;
     Participant questionnaires to obtain demographic 
information about the participants; and
     Interview protocols for conducting the interviews.
    The core objective of the data collection is to help refine 
specific features of the content and design of the forms to maximize 
communication effectiveness while minimizing compliance burden. The 
CFPB will evaluate one or more draft forms through iterative 
qualitative testing with consumers, including observation of consumers' 
usage of the disclosures, their understanding of the contents, and the 
choices they make.
    The qualitative testing is focused on the purposes of the 
disclosures. These purposes include, among other things:
     With respect to mortgage loan periodic statements, 
improving consumer understanding by better disclosing information 
regarding the consumer's mortgage loan;
     With respect to disclosures concerning interest rate 
adjustments for hybrid adjustable rate mortgages, informing consumers 
of pending interest rate adjustments, enabling a consumer to consider 
alternative options with respect to the consumer's mortgage loan, and 
providing information to a consumer to facilitate pursuing such 
alternative options; and
     With respect to force-placed insurance disclosures, 
reminding a consumer of the obligation to maintain hazard insurance on 
the property securing a mortgage; informing the consumer that the 
servicer does not have evidence of hazard insurance coverage, informing 
the consumer of the manner in which the consumer may demonstrate to a 
mortgage servicer that the consumer has obtained hazard insurance 
coverage, and informing the consumer that if the consumer fails to 
obtain hazard insurance coverage, the lender may obtain such coverage 
at the consumer's expense.
    The CFPB plans to test at three sites in three rounds to allow for 
improvement to the forms between rounds. Below is an estimate of the 
aggregate burden hours for the three rounds of testing.

----------------------------------------------------------------------------------------------------------------
                                                                                  Average burden
                             Process                                 Number of     per response    Total burden
                                                                    respondents    (in minutes)        hours
----------------------------------------------------------------------------------------------------------------
Cognitive Think-Aloud Interviews................................              36              60              36

[[Page 77767]]

 
Screening.......................................................             360               6              36
Travel time to sites............................................              36              60              36
                                                                 -----------------------------------------------
    Total.......................................................  ..............  ..............             108
----------------------------------------------------------------------------------------------------------------

    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information, including the 
validity of the methodology and assumptions used; (c) ways to enhance 
the quality, utility, and clarity of the information to be collected; 
and (d) ways to minimize the burden of the collection of information on 
respondents, including through the use of automated, electronic, 
mechanical, or other technological collection techniques or other forms 
of information technology. All comments will become a matter of public 
record.
    Agency Contact: Mitchell E. Hochberg or Jane Gao, Office of 
Regulations, Bureau of Consumer Financial Protection, 1700 G Street 
NW., Washington, DC 20006; (202) 435-7700.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

    Dated: December 9, 2011.
Robert Dahl,
PRA Clearance Officer, Department of the Treasury.
[FR Doc. 2011-32080 Filed 12-13-11; 8:45 am]
BILLING CODE 4810-AM-P