Submission for OMB Review; Comment Request, 24181-24182 [2012-9643]

Download as PDF Federal Register / Vol. 77, No. 78 / Monday, April 23, 2012 / Notices B. Data collection improvement under the WPSAR framework C. Enhancing FDCC—a proposal for change 10. Status of current budgets for data collection A. Identification of other sources of funding 11. Other businesses 12. Recommendations 13. Next FDCC meeting schedule 14. Adjourn Although non-emergency issues not contained in this agenda may come before this group for discussion, those issues may not be the subject of formal action during this meeting. Action will be restricted to those issues specifically listed in this notice and any issues arising after publication of this notice that require emergency action under section 305(c) of the Magnuson-Stevens Fishery Conservation and Management Act, provided the public has been notified of the Council’s intent to take final action to address the emergency. Special Accommodations The meeting is physically accessible to people with disabilities. Requests for sign language interpretation or other auxiliary aids should be directed to Kitty M. Simonds, (808) 522–8220 (voice) or (808) 522–8226 (fax), at least 5 days prior to the meeting date. Authority: 16 U.S.C. 1801 et seq. Dated: April 17, 2012. Tracey L. Thompson, Acting Director, Office of Sustainable Fisheries, National Marine Fisheries Service. [FR Doc. 2012–9603 Filed 4–20–12; 8:45 am] BILLING CODE 3510–22–P BUREAU OF CONSUMER FINANCIAL PROTECTION Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comments. AGENCY: The Bureau of Consumer Financial Protection (Bureau), 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments regarding the information rmajette on DSK2TPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:11 Apr 20, 2012 Jkt 226001 collection requirements relating to the Mortgage Assistance Relief Services that have been submitted to the Office of Management and Budget for review and approval. A copy of the submission may be obtained by contacting the agency contact listed below. DATES: Written comments are encouraged and must be received on or before May 23, 2012 to be assured of consideration. You may submit comments, identified by OMB number 3170–0007, by any of the following methods: • Agency Contact: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC, 20552: (202) 435–7741: CFPB_Public_PRA@cfpb.gov. • OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_PRA@cfpb.gov. ADDRESSES: SUPPLEMENTARY INFORMATION: Title: Mortgage Assistance Relief Services (Regulation O) 12 CFR Part 1015. OMB Number: 3170–0007. Abstract: The required disclosures under Regulation O assist prospective purchasers of mortgage assistance relief services (MARS) in making well informed decisions and avoiding deceptive and unfair acts and practices. The information that must be kept under Regulation O’s recordkeeping requirements is used by the CFPB and other relevant agencies for enforcement purposes and to ensure compliance by MARS providers with Regulation O. The information is requested only on a caseby-case basis. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 1,000. Estimated Time per Response: 32 hour 30 minutes. Estimated Total Annual Burden Hours: 32,500. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–9642 Filed 4–20–12; 8:45 am] BILLING CODE 4810–AM–P PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 24181 BUREAU OF CONSUMER FINANCIAL PROTECTION Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comments. AGENCY: The Bureau of Consumer Financial Protection (Bureau), 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments regarding the information collection requirements relating to the Mortgage Acts and Practices that have been submitted to the Office of Management and Budget for review and approval. A copy of the submission may be obtained by contacting the agency contact listed below. DATES: Written comments are encouraged and must be received on or before May 23, 2012 to be assured of consideration. SUMMARY: You may submit comments, identified by OMB number 3170–0009, by any of the following methods: • Agency Contact: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 435–7741: CFPB_Public_PRA@cfpb.gov. • OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_PRA@cfpb.gov. ADDRESSES: SUPPLEMENTARY INFORMATION: Title: Mortgage Acts and Practices (Regulation N) 12 CFR part 1014. OMB Number: 3170–0009. Abstract: The Omnibus Appropriations Act, as clarified by Section 511 of the Credit CARD Act, and as amended by Section 1097 of the Dodd-Frank Act directs the CFPB to issue rules that ‘‘relate to unfair or deceptive acts or practices’’ regarding mortgage loans. Regulation N prohibits E:\FR\FM\23APN1.SGM 23APN1 rmajette on DSK2TPTVN1PROD with NOTICES 24182 Federal Register / Vol. 77, No. 78 / Monday, April 23, 2012 / Notices misrepresentations about the terms of mortgage credit products in commercial communications and requires that covered persons keep certain related records for a period of twenty-four (24) months from last dissemination. Specifically, Regulation N requires covered persons to retain: (1) Copies of all materially different commercial communications disseminated, including but not limited to sales scripts, training materials, related marketing materials, Web sites, and weblogs; (2) documents describing or evidencing all mortgage credit products available to consumers during the time period in which each commercial communication was disseminated, including but not limited to the names and terms of each such mortgage credit product available to consumers; and (3) documents describing or evidencing all additional products or services (such as credit insurance or credit disability insurance) that are or may be offered or provided with the mortgage credit products available to consumers during the time period in which each commercial communication was disseminated, including but not limited to the names and terms of each such additional product or service available to consumers. A failure to keep such records is a violation of Regulation N. The information that Regulation N requires covered persons to retain is necessary to ensure efficient and effective law enforcement to address deceptive practices that occur in the mortgage advertising area. To gauge whether covered persons are complying with Regulation N or making prohibited misrepresentations, it is necessary to review the commercial communications that were disseminated and the information about the mortgage credit products and relevant additional products or services available during the time period in which each commercial communication was disseminated. Furthermore, a strong recordkeeping provision is necessary to foster effective enforcement of Regulation N. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 1,300,000. Estimated Time per Response: 3 hours. Estimated Total Annual Burden Hours: 3,900,000. VerDate Mar<15>2010 15:11 Apr 20, 2012 Jkt 226001 Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–9643 Filed 4–20–12; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comments. AGENCY: The Bureau of Consumer Financial Protection (Bureau), 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments regarding the information collection requirements relating to the Consumer Leasing Act (CLA) enforcement actions that have been submitted to the Office of Management and Budget for review and approval. A copy of the submission may be obtained by contacting the agency contact listed below. DATES: Written comments are encouraged and must be received on or before May 23, 2012 to be assured of consideration. SUMMARY: You may submit comments, identified by OMB approval No. 3170– 0006, by any of the following methods: • Agency Contact: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 435–7741: CFPB_Public_PRA@cfpb.gov. • OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Joseph Durbala, (202) 435–7893, at the Consumer Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 1700 G Street NW., Washington, DC 20552, or through the internet at CFPB_Public_ PRA@cfpb.gov. SUPPLEMENTARY INFORMATION: Title: Consumer Leasing Act (Regulation M) 12 CFR part 1013. ADDRESSES: PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 OMB Number: 3170–0006. Abstract: Federal and state enforcement and private litigants use the records to ascertain whether accurate and complete disclosures of the cost of leases have been provided to consumers prior to consummation of the lease. This information provides the primary evidence of law violations in Consumer Leasing Act (CLA) enforcement actions brought by Federal agencies. Without Regulation M’s recordkeeping requirement, the agencies’ ability to enforce the CLA would be significantly impaired. As noted above, consumers rely upon the disclosures required by the CLA and Regulation M for information to comparison shop among leases, as well as to ascertain the true costs and terms of lease offers. Enforcement agencies and private litigants need the information in these disclosures and other requirements to enforce the CLA and Regulation M. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 67,858. Estimated Time per Response: 1 hour 28 minutes. Estimated Total Annual Burden Hours: 100,058. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–9641 Filed 4–20–12; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION Submission for OMB Review; Comment Request Bureau of Consumer Financial Protection. ACTION: Notice and request for comments. AGENCY: The Bureau of Consumer Financial Protection (Bureau), 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3507(c)(2)(A)). The Bureau is soliciting comments regarding the information collection requirements relating to the Real Estate Settlement Procedures Act SUMMARY: E:\FR\FM\23APN1.SGM 23APN1

Agencies

[Federal Register Volume 77, Number 78 (Monday, April 23, 2012)]
[Notices]
[Pages 24181-24182]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-9643]


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

BUREAU OF CONSUMER FINANCIAL PROTECTION


Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.

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

SUMMARY: The Bureau of Consumer Financial Protection (Bureau), 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 proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the 
Mortgage Acts and Practices that have been submitted to the Office of 
Management and Budget for review and approval. A copy of the submission 
may be obtained by contacting the agency contact listed below.

DATES: Written comments are encouraged and must be received on or 
before May 23, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0009, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 
435-7741: CFPB_Public_PRA@cfpb.gov.
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office) 
1700 G Street NW., Washington, DC 20552, or through the internet at 
CFPB_Public_PRA@cfpb.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Mortgage Acts and Practices (Regulation N) 12 CFR part 1014.
    OMB Number: 3170-0009.
    Abstract: The Omnibus Appropriations Act, as clarified by Section 
511 of the Credit CARD Act, and as amended by Section 1097 of the Dodd-
Frank Act directs the CFPB to issue rules that ``relate to unfair or 
deceptive acts or practices'' regarding mortgage loans. Regulation N 
prohibits

[[Page 24182]]

misrepresentations about the terms of mortgage credit products in 
commercial communications and requires that covered persons keep 
certain related records for a period of twenty-four (24) months from 
last dissemination. Specifically, Regulation N requires covered persons 
to retain: (1) Copies of all materially different commercial 
communications disseminated, including but not limited to sales 
scripts, training materials, related marketing materials, Web sites, 
and weblogs; (2) documents describing or evidencing all mortgage credit 
products available to consumers during the time period in which each 
commercial communication was disseminated, including but not limited to 
the names and terms of each such mortgage credit product available to 
consumers; and (3) documents describing or evidencing all additional 
products or services (such as credit insurance or credit disability 
insurance) that are or may be offered or provided with the mortgage 
credit products available to consumers during the time period in which 
each commercial communication was disseminated, including but not 
limited to the names and terms of each such additional product or 
service available to consumers. A failure to keep such records is a 
violation of Regulation N. The information that Regulation N requires 
covered persons to retain is necessary to ensure efficient and 
effective law enforcement to address deceptive practices that occur in 
the mortgage advertising area. To gauge whether covered persons are 
complying with Regulation N or making prohibited misrepresentations, it 
is necessary to review the commercial communications that were 
disseminated and the information about the mortgage credit products and 
relevant additional products or services available during the time 
period in which each commercial communication was disseminated. 
Furthermore, a strong recordkeeping provision is necessary to foster 
effective enforcement of Regulation N.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 1,300,000.
    Estimated Time per Response: 3 hours.
    Estimated Total Annual Burden Hours: 3,900,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-9643 Filed 4-20-12; 8:45 am]
BILLING CODE 4810-AM-P