Submission for OMB Review; Comment Request, 25439-25440 [2012-10285]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices information from state, local, and tribal governments related to the Bureau’s exercise of its functions under the Dodd Frank Act. These governments interact closely with consumers and are critical partners in promoting transparency and competition in the marketplace, preventing unfair and unlawfully discriminatory practices, and enforcing consumer financial laws. The information collected through the Office of Intergovernmental Affairs Outreach Activities will be shared, as appropriate, within the Bureau in the exercise of its functions, such as the Bureau’s financial education, rulemaking, market monitoring, outreach to traditionally underserved populations, fair lending monitoring, supervision, and enforcement functions. The information collected may be used to form policies and programs presented to state, local, and tribal governments, as well as to other federal agencies and the general public. Nearly all information collection will involve the use of electronic communication or other forms of information technology and telephonic means. Current Actions: Request for new approval of collection activities. Type of Review: New collection. Affected Public: State, Local, or Tribal Governments. Estimated Number of Responses: 1,600. Estimated Time per Respondent: 2 hours. Estimated Total Annual Burden Hours: 3,200. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. 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 shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and the 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 collection techniques or other forms of information technology. VerDate Mar<15>2010 17:59 Apr 27, 2012 Jkt 226001 Dated: April 24, 2012, Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10288 Filed 4–27–12; 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 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 30, 2012 to be assured of consideration. SUMMARY: You may submit comments, identified by OMB number 3170–0008, 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: Home Mortgage Disclosure Act (Regulation C) 12 CFR Part 1003. OMB Number: 3170–0008. PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 25439 Abstract: The Home Mortgage Disclosure Act (HMDA) requires most mortgage lenders lending in metropolitan areas to collect data about their housing-related lending activity. Annually, lenders must report those data to the appropriate Federal agencies and make the data available to the public. The CFPB’s regulation requires covered financial institutions that meet certain thresholds to maintain data about home loan applications (e.g., the type of loan requested, the purpose of the loan, whether the loan was approved, and the type of purchaser if the loan was later sold), to update the information quarterly, and to report the information annually. The purpose of the information collection is: (i) To help determine whether financial institutions are serving the housing needs of their communities; (ii) to assist public officials in distributing public-sector investment so as to attract private investment to areas where it is needed; and (iii) to assist in identifying possible discriminatory lending patterns and enforcing antidiscrimination statutes. The information collection will assist the CFPB’s examiners, and examiners of other Federal supervisory agencies, in determining that the financial institutions they supervise comply with applicable provisions of HMDA. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 23,453. Estimated Time per Response: 6 hours 34 minutes. Estimated Total Annual Burden Hours: 154,000. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10287 Filed 4–27–12; 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 SUMMARY: E:\FR\FM\30APN1.SGM 30APN1 25440 Federal Register / Vol. 77, No. 83 / Monday, April 30, 2012 / Notices 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 Interstate Land Sales Full Disclosure Act 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. Written comments are encouraged and must be received on or before May 30, 2012 to be assured of consideration. DATES: You may submit comments, identified by OMB number 3170–0012, 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: mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Interstate Land Sales Full Disclosure Act (Regulations J, K, and L) 12 CFR Part 1010. OMB Number: 3170–0012. Abstract: The respondents are land developers (or attorneys or others who work for them). Developers must submit an initial Statement of Record (registration) to the CFPB and receive an effective date before they can offer lots for sale or lease. The Statement of Record includes the proposed property report and additional information and documents that support the developer’s disclosures in the property report. The developer is responsible for ensuring that the registration is accurate and does not omit information needed for a purchaser to make an informed decision. Developers must give purchasers an effective property report before the purchaser signs the sales contract. Developers must submit amendments to their registrations if any information in their initial registration changes. They must also submit a VerDate Mar<15>2010 17:59 Apr 27, 2012 Jkt 226001 consolidated filing if they offer additional lots for sale. Each year the developer must submit an annual financial statement and an annual report that is prepared in the format required by Section 1010.310 of the regulations. A developer may voluntarily suspend his registration by submitting a Voluntary Suspension form or through the Annual Report. There are no other forms. The CFPB conducts a facial review of the submissions. The developer may request an Advisory Opinion if a developer has questions about the applicability of one of the exemptions from registration. A CFPB determination is required only if a developer claims an exemption from registration under the multiple site or substantial compliance exemption. The other 24 exemptions are selfdetermining. Finally, the CFPB may require additional information from developers in response to investigations of complaints. The Voluntary Suspension form is voluntary and is a convenient way for developers to voluntarily suspend their registration. The form is not required and is not the only way that developers may close their registration. They may also end their registration through their annual report. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for profits. Estimated Number of Responses: 88,887. Estimated Time per Response: 23 minutes. Estimated Total Annual Burden Hours: 34,563. Dated: April 6, 2012. Chris Willey, Chief Information Officer, Bureau of Consumer Financial Protection. [FR Doc. 2012–10285 Filed 4–27–12; 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 SUMMARY: PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 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 Truth in Lending Act 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 30, 2012 to be assured of consideration. You may submit comments, identified by OMB number 3170–0015, 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: Title: Truth in Lending Act (Regulation Z) 12 CFR Part 1026. OMB Number: 3170–0015. Abstract: Federal and state enforcement agencies and private litigants use records retained under the requirement of Regulation Z to ascertain whether accurate and complete disclosures of the cost of credit have been provided to consumers prior to consummation of the credit obligation and, in some instances, during the loan term. The information is also used to determine whether other actions required under the TILA, including complying with billing error resolution procedures and limitation of consumer liability for unauthorized use of credit, have been met. The information retained provides the primary evidence of law violations in TILA enforcement actions brought by Federal agencies. Without the Regulation Z recordkeeping requirement, the agencies’ ability to enforce the TILA would be significantly impaired. As noted above, consumers rely on the disclosures required by the TILA and Regulation Z to shop among SUPPLEMENTARY INFORMATION: E:\FR\FM\30APN1.SGM 30APN1

Agencies

[Federal Register Volume 77, Number 83 (Monday, April 30, 2012)]
[Notices]
[Pages 25439-25440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-10285]


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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

[[Page 25440]]

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 
Interstate Land Sales Full Disclosure Act 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 30, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0012, 
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: Interstate Land Sales Full Disclosure Act (Regulations J, K, 
and L) 12 CFR Part 1010.
    OMB Number: 3170-0012.
    Abstract: The respondents are land developers (or attorneys or 
others who work for them). Developers must submit an initial Statement 
of Record (registration) to the CFPB and receive an effective date 
before they can offer lots for sale or lease. The Statement of Record 
includes the proposed property report and additional information and 
documents that support the developer's disclosures in the property 
report. The developer is responsible for ensuring that the registration 
is accurate and does not omit information needed for a purchaser to 
make an informed decision. Developers must give purchasers an effective 
property report before the purchaser signs the sales contract. 
Developers must submit amendments to their registrations if any 
information in their initial registration changes. They must also 
submit a consolidated filing if they offer additional lots for sale. 
Each year the developer must submit an annual financial statement and 
an annual report that is prepared in the format required by Section 
1010.310 of the regulations. A developer may voluntarily suspend his 
registration by submitting a Voluntary Suspension form or through the 
Annual Report. There are no other forms. The CFPB conducts a facial 
review of the submissions. The developer may request an Advisory 
Opinion if a developer has questions about the applicability of one of 
the exemptions from registration. A CFPB determination is required only 
if a developer claims an exemption from registration under the multiple 
site or substantial compliance exemption. The other 24 exemptions are 
self-determining. Finally, the CFPB may require additional information 
from developers in response to investigations of complaints. The 
Voluntary Suspension form is voluntary and is a convenient way for 
developers to voluntarily suspend their registration. The form is not 
required and is not the only way that developers may close their 
registration. They may also end their registration through their annual 
report.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 88,887.
    Estimated Time per Response: 23 minutes.
    Estimated Total Annual Burden Hours: 34,563.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-10285 Filed 4-27-12; 8:45 am]
BILLING CODE 4810-AM-P
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