Agency Information Collection Activities; Proposed Information Collection; Comment Request: Real Estate Lending and Appraisals, 34704-34705 [2013-13609]
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34704
Federal Register / Vol. 78, No. 111 / Monday, June 10, 2013 / Notices
(1) Title of the information collection;
(2) OMB control number; (3) Type of
request; (4) Abstract of the information
collection activity; (5) Description of
affected public; (6) Estimate of total
annual reporting and recordkeeping
burden; and (7) Frequency of collection.
PHMSA will request a three-year term of
approval for each information collection
activity. PHMSA is only focusing on the
revisions detailed in this notice and will
request revisions to the following
information collection activities.
Title: Gas Distribution Annual Report.
OMB Control Number: N/A.
Current Expiration Date: N/A.
Type of Request: New.
Abstract: PHMSA is looking to revise
the Gas Distribution Annual Report
(PHMSA F 7100.1–1) to make several
minor changes related to data collection.
Affected Public: Gas distribution
pipeline operators.
Annual Reporting and Recordkeeping
Burden:
Total Annual Responses: 1,440.
Total Annual Burden Hours: 23,040.
Frequency of Collection: Annually.
Comments are invited on:
(a) The need for the proposed
collection of information 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 those
who are to respond, including the use
of appropriate automated, electronic,
mechanical, or other technological
collection techniques.
Issued in Washington, DC, on June 4, 2013.
John A. Gale,
Director, Office of Standards and
Rulemaking.
[FR Doc. 2013–13629 Filed 6–7–13; 8:45 am]
BILLING CODE 4910–60–P
DEPARTMENT OF THE TREASURY
mstockstill on DSK4VPTVN1PROD with NOTICES
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Proposed Information
Collection; Comment Request: Real
Estate Lending and Appraisals
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
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16:56 Jun 07, 2013
Jkt 229001
The OCC, 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 continuing information
collection, as required by the Paperwork
Reduction Act of 1995 (PRA).
Under the PRA, Federal agencies are
required to publish notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information and to
allow 60 days for public comment in
response to the notice.
In accordance with the requirements
of the PRA, the OCC may not conduct
or sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number.
The OCC is soliciting comment
concerning renewal of its information
collection titled, ‘‘Real Estate Lending
and Appraisals.’’
DATES: Comments must be received by
August 9, 2013.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0190, 400 7th Street SW., Suite
3E–218, Mail Stop 9W–11, Washington,
DC 20219. In addition, comments may
be sent by fax to (571) 465–4326 or by
electronic mail to
regs.comments@occ.treas.gov. You may
personally inspect and photocopy
comments at the OCC, 400 7th Street
SW., Washington, DC 20219. For
security reasons, the OCC requires that
visitors make an appointment to inspect
comments. You may do so by calling
(202) 649–6700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
All comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: You
may request additional information of
the collection from Johnny Vilela or
Mary H. Gottlieb, OCC Clearance
Officers, (202) 649–5490, Legislative
SUMMARY:
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Sfmt 4703
and Regulatory Activities Division,
Office of the Comptroller of the
Currency, 400 7th Street SW., Suite 3E–
218, Mail Stop 9W–11, Washington, DC
20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
OMB for each collection of information
they conduct or sponsor. ‘‘Collection of
information’’ is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c) to include
agency requests or requirements that
members of the public submit reports,
keep records, or provide information to
a third party. Section 3506(c)(2)(A) of
the PRA (44 U.S.C. 3506(c)(2)(A))
requires Federal agencies to provide a
60-day notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of an existing collection of
information, before submitting the
collection to OMB for approval. To
comply with this requirement, the OCC
is publishing notice of the proposed
collection of information set forth in
this document.
Title: Real Estate Lending and
Appraisals (12 CFR 34, 160, 164, 190).
OMB Control No.: 1557–0190.
Type of Review: Extension, without
revision, of a currently approved
collection.
Description: Twelve CFR parts 34 and
160 contain a number of reporting and
recordkeeping requirements. Twelve
CFR part 34, subpart B (Adjustable-Rate
Mortgages (ARM)), subpart E (Other
Real Estate Owned (OREO)), and part
160 contain reporting requirements.
Twelve CFR part 34, subpart C
(Appraisal Requirements), subpart D
(Real Estate Lending Standards), and
parts 160 and 164 contain
recordkeeping requirements. Twelve
CFR 190.4(h) contains a disclosure
requirement concerning Federallyrelated residential manufactured
housing loans.
Twelve CFR part 34, subpart B,
§ 34.22(a) requires that for ARM loans,
the loan documentation must specify an
index or combination of indices to
which changes in the interest rate will
be linked. Sections 34.22(b) and
160.35(d)(3) provide notice procedures
to be used when seeking to use an
alternative index.
Twelve CFR 34.44 and 164.4 provide
minimum standards for the performance
of real estate appraisals, including the
requirement that appraisals be written
and contain sufficient information and
analysis to support the institution’s
decision to engage in the transaction.
Twelve CFR 34.62, 160.101, and the
related appendices require each
E:\FR\FM\10JNN1.SGM
10JNN1
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 78, No. 111 / Monday, June 10, 2013 / Notices
institution to adopt and maintain
written policies that establish
appropriate limits and standards for
extensions of credit that are secured by
liens on or interests in real estate, or
that are made for the purpose of
financing permanent improvements to
real estate. Real estate lending policies
must be reviewed and approved by the
institution’s board of directors on at
least annually.
Twelve CFR 34.84 requires that, after
holding any real estate acquired for
future bank expansion for one year, a
national bank must state, by resolution
or other official action, its plans for the
use of the property and make the
resolution or other action available for
inspection by examiners. Sections 34.85
and 160.172 require that national banks
and Federal savings associations
develop a prudent real estate collateral
evaluation policy to monitor the value
of each parcel of OREO in a manner
consistent with prudent banking
practice. Section 34.86 requires that
national banks notify the appropriate
supervisory office at least 30 days before
making advances under a development
or improvement plan for OREO if the
total investment in the property will
exceed 10 percent of the bank’s capital
and surplus.
Twelve CFR 190.4(h) requires that for
Federally-related residential
manufactured housing loans, a creditor
must provide a debtor a notice of default
30 days prior to repossession,
foreclosure, or acceleration.
Affected Public: Businesses or other
for-profit.
Frequency of Response: On occasion.
Burden Estimates:
Estimated Number of Respondents:
1,276 national banks and 532 Federal
savings associations.
Estimated Annual Burden: 120,428
burden hours.
Comments: Comments submitted in
response to this notice will be
summarized and 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
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
VerDate Mar<15>2010
16:56 Jun 07, 2013
Jkt 229001
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: June 3, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2013–13609 Filed 6–7–13; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Designation of 3 Individuals and 10
Entities Pursuant to Executive Order
13224 of September 23, 2001,
‘‘Blocking Property and Prohibiting
Transactions With Persons Who
Commit, Threaten To Commit, or
Support Terrorism’’
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The Treasury Department’s
Office of Foreign Assets Control
(‘‘OFAC’’) is publishing the names of 3
individuals and 10 entities whose
property and interests in property are
blocked pursuant to Executive Order
13224 of September 23, 2001, ‘‘Blocking
Property and Prohibiting Transactions
With Persons Who Commit, Threaten To
Commit, or Support Terrorism.’’
DATES: The designations by the Director
of OFAC of the 3 individuals and 10
entities in this notice, pursuant to
Executive Order 13224, are effective on
May 31, 2013.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: 202/622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(www.treas.gov/ofac) or via facsimile
through a 24-hour fax-on-demand
service, tel.: 202/622–0077.
Background
On September 23, 2001, the President
issued Executive Order 13224 (the
‘‘Order’’) pursuant to the International
Emergency Economic Powers Act, 50
U.S.C. 1701–1706, and the United
Nations Participation Act of 1945, 22
U.S.C. 287c. In the Order, the President
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34705
declared a national emergency to
address grave acts of terrorism and
threats of terrorism committed by
foreign terrorists, including the
September 11, 2001 terrorist attacks in
New York, Pennsylvania, and at the
Pentagon. The Order imposes economic
sanctions on persons who have
committed, pose a significant risk of
committing, or support acts of terrorism.
The President identified in the Annex to
the Order, as amended by Executive
Order 13268 of July 2, 2002, 13
individuals and 16 entities as subject to
the economic sanctions. The Order was
further amended by Executive Order
13284 of January 23, 2003, to reflect the
creation of the Department of Homeland
Security.
Section 1 of the Order blocks, with
certain exceptions, all property and
interests in property that are in or
hereafter come within the United States
or the possession or control of United
States persons, of: (1) Foreign persons
listed in the Annex to the Order; (2)
foreign persons determined by the
Secretary of State, in consultation with
the Secretary of the Treasury, the
Secretary of the Department of
Homeland Security and the Attorney
General, to have committed, or to pose
a significant risk of committing, acts of
terrorism that threaten the security of
U.S. nationals or the national security,
foreign policy, or economy of the United
States; (3) persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to be owned or
controlled by, or to act for or on behalf
of those persons listed in the Annex to
the Order or those persons determined
to be subject to subsection 1(b), 1(c), or
1(d)(i) of the Order; and (4) except as
provided in section 5 of the Order and
after such consultation, if any, with
foreign authorities as the Secretary of
State, in consultation with the Secretary
of the Treasury, the Secretary of the
Department of Homeland Security and
the Attorney General, deems
appropriate in the exercise of his
discretion, persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to assist in,
sponsor, or provide financial, material,
or technological support for, or financial
or other services to or in support of,
such acts of terrorism or those persons
listed in the Annex to the Order or
determined to be subject to the Order or
to be otherwise associated with those
persons listed in the Annex to the Order
or those persons determined to be
subject to subsection 1(b), 1(c), or 1(d)(i)
of the Order.
E:\FR\FM\10JNN1.SGM
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]]>Agencies
[Federal Register Volume 78, Number 111 (Monday, June 10, 2013)]
[Notices]
[Pages 34704-34705]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-13609]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Proposed Information
Collection; Comment Request: Real Estate Lending and Appraisals
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, 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 continuing
information collection, as required by the Paperwork Reduction Act of
1995 (PRA).
Under the PRA, Federal agencies are required to publish notice in
the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information and to allow 60 days for public comment in
response to the notice.
In accordance with the requirements of the PRA, the OCC may not
conduct or sponsor, and the respondent is not required to respond to,
an information collection unless it displays a currently valid Office
of Management and Budget (OMB) control number.
The OCC is soliciting comment concerning renewal of its information
collection titled, ``Real Estate Lending and Appraisals.''
DATES: Comments must be received by August 9, 2013.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0190, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov.
You may personally inspect and photocopy comments at the OCC, 400 7th
Street SW., Washington, DC 20219. For security reasons, the OCC
requires that visitors make an appointment to inspect comments. You may
do so by calling (202) 649-6700. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: You may request additional information
of the collection from Johnny Vilela or Mary H. Gottlieb, OCC Clearance
Officers, (202) 649-5490, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 400 7th Street
SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the OMB for each collection of
information they conduct or sponsor. ``Collection of information'' is
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. Section
3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) requires Federal
agencies to provide a 60-day notice in the Federal Register concerning
each proposed collection of information, including each proposed
extension of an existing collection of information, before submitting
the collection to OMB for approval. To comply with this requirement,
the OCC is publishing notice of the proposed collection of information
set forth in this document.
Title: Real Estate Lending and Appraisals (12 CFR 34, 160, 164,
190).
OMB Control No.: 1557-0190.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: Twelve CFR parts 34 and 160 contain a number of
reporting and recordkeeping requirements. Twelve CFR part 34, subpart B
(Adjustable-Rate Mortgages (ARM)), subpart E (Other Real Estate Owned
(OREO)), and part 160 contain reporting requirements. Twelve CFR part
34, subpart C (Appraisal Requirements), subpart D (Real Estate Lending
Standards), and parts 160 and 164 contain recordkeeping requirements.
Twelve CFR 190.4(h) contains a disclosure requirement concerning
Federally-related residential manufactured housing loans.
Twelve CFR part 34, subpart B, Sec. 34.22(a) requires that for ARM
loans, the loan documentation must specify an index or combination of
indices to which changes in the interest rate will be linked. Sections
34.22(b) and 160.35(d)(3) provide notice procedures to be used when
seeking to use an alternative index.
Twelve CFR 34.44 and 164.4 provide minimum standards for the
performance of real estate appraisals, including the requirement that
appraisals be written and contain sufficient information and analysis
to support the institution's decision to engage in the transaction.
Twelve CFR 34.62, 160.101, and the related appendices require each
[[Page 34705]]
institution to adopt and maintain written policies that establish
appropriate limits and standards for extensions of credit that are
secured by liens on or interests in real estate, or that are made for
the purpose of financing permanent improvements to real estate. Real
estate lending policies must be reviewed and approved by the
institution's board of directors on at least annually.
Twelve CFR 34.84 requires that, after holding any real estate
acquired for future bank expansion for one year, a national bank must
state, by resolution or other official action, its plans for the use of
the property and make the resolution or other action available for
inspection by examiners. Sections 34.85 and 160.172 require that
national banks and Federal savings associations develop a prudent real
estate collateral evaluation policy to monitor the value of each parcel
of OREO in a manner consistent with prudent banking practice. Section
34.86 requires that national banks notify the appropriate supervisory
office at least 30 days before making advances under a development or
improvement plan for OREO if the total investment in the property will
exceed 10 percent of the bank's capital and surplus.
Twelve CFR 190.4(h) requires that for Federally-related residential
manufactured housing loans, a creditor must provide a debtor a notice
of default 30 days prior to repossession, foreclosure, or acceleration.
Affected Public: Businesses or other for-profit.
Frequency of Response: On occasion.
Burden Estimates:
Estimated Number of Respondents: 1,276 national banks and 532
Federal savings associations.
Estimated Annual Burden: 120,428 burden hours.
Comments: Comments submitted in response to this notice will be
summarized and 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 OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the information
collection burden;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: June 3, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-13609 Filed 6-7-13; 8:45 am]
BILLING CODE 4810-33-P
