Agency Information Collection Activities: Information Collection Renewal; Comment Request; Fair Housing Home Loan Data System Regulation, 35413-35414 [2014-14397]
Download as PDF
<![CDATA[
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 119 / Friday, June 20, 2014 / Notices
property held as security for a loan is
located in a special flood hazard area.
This information collection is
required by section 303(a) 1 and title V
of the Riegle Community Development
and Regulatory Improvement Act,2 the
National Flood Insurance Reform Act of
1994 amendments to the National Flood
Insurance Act of 1968,3 the Flood
Disaster Protection Act of 1973,4 and by
OCC regulations implementing those
statutes. The information collection
requirements are contained in 12 CFR
part 22.
Section 22.6 requires a national bank
to use the Standard Flood Hazard
Determination Form developed by the
Federal Emergency Management Agency
(FEMA) and to maintain a completed
copy of that form for the period of time
the bank owns the loan.
Section 22.7 requires a national bank
or its loan servicer, if a borrower has not
obtained flood insurance, to notify the
borrower to obtain adequate flood
insurance coverage or the bank or
servicer will purchase flood insurance
on the borrower’s behalf.
Section 22.9 requires a national bank
making, extending, increasing, or
renewing a loan secured by a building
or a mobile home located in a special
flood hazard area to advise the borrower
and the loan servicer that the property
is located in a special flood hazard area;
provide a description of the flood
insurance purchase requirements; and
provide information regarding the
availability of insurance under the
National Flood Insurance Program and
of Federal assistance in the event of a
declared Federal flood disaster. In lieu
of providing the borrower notice, a
national bank may obtain a satisfactory
written assurance from a seller or lessor
that, within a reasonable time before
completion of the sale or lease
transaction, the seller or lessor provided
such notice to the purchaser or lessee.
For the period of time the bank owns
the loan, the bank must maintain a
record of the borrower’s and loan
servicer’s receipts of these notices and,
where appropriate, the written
assurance from the seller or the lessor.
Section 22.10 requires a national bank
making, increasing, extending,
renewing, selling, or transferring a loan
secured by a building or a mobile home
located in a special flood hazard area to
notify FEMA of the identity of the
servicer, and of any change in servicers.
These information collection
requirements ensure bank compliance
1 12
U.S.C. 4804.
U.S.C. 4104(a).
3 12 U.S.C. 4104a and 4104b.
4 12 U.S.C. 4012a and 4106(b).
2 42
VerDate Mar<15>2010
22:31 Jun 19, 2014
with applicable Federal law, further
bank safety and soundness, provide
protections for banks and the public,
and further public policy interests.
Type of Review: Regular review.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
2,251.
Estimated Responses per Respondent:
2,729.
Estimated Total Annual Responses:
6,142,979.
Estimated Frequency of Response: On
occasion.
Estimated Total Annual Burden:
363,012 hours.
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless the information
collection displays a currently valid
OMB control number.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments 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
shall have practical utility;
(b) The accuracy of the OCC’s
estimate of the burden of the collection
of information;
(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 16, 2014.
Stuart E. Feldstein,
Director, Legislative & Regulatory Activities
Division.
[FR Doc. 2014–14391 Filed 6–19–14; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Fair
Housing Home Loan Data System
Regulation
Office of the Comptroller of the
Currency (OCC), Treasury.
AGENCY:
Jkt 232001
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
ACTION:
35413
Notice and request for comment.
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, ‘‘Fair Housing Home
Loan Data System Regulation.’’
DATES: You should submit your
comments by August 19, 2014.
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:
1557–0159, 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:
Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649–5490, for
persons who are deaf or hard of hearing,
TTY, (202) 649–5597, Legislative and
SUMMARY:
E:\FR\FM\20JNN1.SGM
20JNN1
mstockstill on DSK4VPTVN1PROD with NOTICES
35414
Federal Register / Vol. 79, No. 119 / Friday, June 20, 2014 / Notices
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
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.
The OCC is proposing to extend
approval of the following information
collection:
Title: Fair Housing Home Loan Data
System Regulation.
OMB Control No.: 1557–0159.
Description: The Fair Housing Act (42
U.S.C. 3605) prohibits discrimination in
the financing of housing on the basis of
race, color, religion, sex, or national
origin. The Equal Credit Opportunity
Act (15 U.S.C. 1691 et seq.) prohibits
discrimination in any aspect of a credit
transaction on the basis of race, color,
religion, national origin, sex, marital
status, age, receipt of income from
public assistance, or exercise of any
right under the Consumer Credit
Protection Act (15 U.S.C. 1601 et seq.).
The OCC is responsible for ensuring that
national banks and Federal savings
associations comply with those laws.
The OCC needs this information to
fulfill its statutory responsibilities.
The information collection
requirements are as follows:
• 12 CFR 27.3(a) requires national
banks that are required to collect data
on home loans under 12 CFR part 203 1
to present the data on Form FR HMDA–
LAR,2 or in automated format in
accordance with the HMDA–LAR
instructions, and to include one
additional item (the reason for denial)
on the HMDA–LAR. Section 27.3(a) also
lists exceptions to the HMDA–LAR
1 This regulation has been transferred to the
Consumer Financial Protection Bureau (CFPB) (12
CFR part 1003).
2 Loan Application Register, https://www.ffiec.gov/
hmda/pdf/hmdalar2011.pdf.
VerDate Mar<15>2010
22:31 Jun 19, 2014
Jkt 232001
recordkeeping requirements. Federal
savings associations generate this
information pursuant to the CFPB’s
Regulation C, 12 CFR part 1003.
• 12 CFR 27.3(b) lists the information
banks should seek to obtain from an
applicant as part of a home loan
application, and also sets forth
information that a bank must disclose in
collecting certain information from an
applicant.
• 12 CFR 27.3(c) sets forth additional
information required to be kept in the
loan file.
• 12 CFR 27.4 states that the OCC
may require a national bank to maintain
a Fair Housing Inquiry/Application Log
found in Appendix III to part 27 if there
is reason to believe that the bank is
engaging in discriminatory practices or
if analysis of the data compiled by the
bank under the Home Mortgage
Disclosure Act (12 U.S.C. 2801 et seq.)
and 12 CFR part 203 indicates a pattern
of significant variation in the number of
home loans between census tracts with
similar incomes and home ownership
levels differentiated only by race or
national origin.
• 12 CFR 27.5 requires a national
bank to maintain the information
required by § 27.3 for 25 months after
the bank notifies the applicant of action
taken on an application, or after
withdrawal of an application.
• 12 CFR 27.7 requires a national
bank to submit the information required
by §§ 27.3 and 27.4 to the OCC upon its
request, prior to a scheduled
examination using the Monthly Home
Loan Activity Format form in Appendix
I to part 27 and the Home Loan Data
Form in Appendix IV to part 27.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,927.
Estimated Total Annual Burden:
31,704 hours.
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 burden of the
information collection;
(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
PO 00000
Frm 00105
Fmt 4703
Sfmt 4703
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 16, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2014–14397 Filed 6–19–14; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF VETERANS
AFFAIRS
Summary of Precedent Opinions of the
General Counsel
Department of Veterans Affairs
Notice.
AGENCY:
ACTION:
The Department of Veterans
Affairs (VA) is publishing a summary of
legal interpretations issued by the Office
of the General Counsel involving
Veterans’ benefits under laws
administered by VA. These
interpretations are considered
precedential by VA and will be followed
by VA officials and employees in future
claim matters involving the same legal
issues. The summary is published to
provide the public, and, in particular,
Veterans’ benefits claimants and their
representatives, with notice of VA’s
interpretations regarding the legal
matters at issue.
FOR FURTHER INFORMATION CONTACT:
Susan P. Sokoll, Law Librarian,
Department of Veterans Affairs, 810
Vermont Avenue NW. (026H),
Washington, DC 20420, (202) 461–7623.
SUPPLEMENTARY INFORMATION: A VA
regulation at 38 CFR 2.6(e)(8) delegates
to the General Counsel the power to
designate an opinion as precedential
and 38 CFR 14.507(b) specifies that
precedential opinions involving
Veterans’ benefits are binding on VA
officials and employees in subsequent
matters involving the legal issue
decided in the precedent opinion. The
interpretation of the General Counsel on
legal matters, contained in such
opinions, is conclusive as to all VA
officials and employees, not only in the
matter at issue, but also in future
adjudications and appeals involving the
same legal issues, in the absence of a
change in controlling statute or
regulation or a superseding written legal
opinion of the General Counsel.
VA publishes summaries of such
opinions in order to provide the public
with notice of those interpretations of
SUMMARY:
E:\FR\FM\20JNN1.SGM
20JNN1
]]>Agencies
[Federal Register Volume 79, Number 119 (Friday, June 20, 2014)]
[Notices]
[Pages 35413-35414]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-14397]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Fair Housing Home Loan Data System Regulation
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, ``Fair Housing Home Loan Data System Regulation.''
DATES: You should submit your comments by August 19, 2014.
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: 1557-0159, 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: Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649-5490, for persons who are deaf or hard of
hearing, TTY, (202) 649-5597, Legislative and
[[Page 35414]]
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 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.
The OCC is proposing to extend approval of the following
information collection:
Title: Fair Housing Home Loan Data System Regulation.
OMB Control No.: 1557-0159.
Description: The Fair Housing Act (42 U.S.C. 3605) prohibits
discrimination in the financing of housing on the basis of race, color,
religion, sex, or national origin. The Equal Credit Opportunity Act (15
U.S.C. 1691 et seq.) prohibits discrimination in any aspect of a credit
transaction on the basis of race, color, religion, national origin,
sex, marital status, age, receipt of income from public assistance, or
exercise of any right under the Consumer Credit Protection Act (15
U.S.C. 1601 et seq.). The OCC is responsible for ensuring that national
banks and Federal savings associations comply with those laws. The OCC
needs this information to fulfill its statutory responsibilities.
The information collection requirements are as follows:
12 CFR 27.3(a) requires national banks that are required
to collect data on home loans under 12 CFR part 203 \1\ to present the
data on Form FR HMDA-LAR,\2\ or in automated format in accordance with
the HMDA-LAR instructions, and to include one additional item (the
reason for denial) on the HMDA-LAR. Section 27.3(a) also lists
exceptions to the HMDA-LAR recordkeeping requirements. Federal savings
associations generate this information pursuant to the CFPB's
Regulation C, 12 CFR part 1003.
---------------------------------------------------------------------------
\1\ This regulation has been transferred to the Consumer
Financial Protection Bureau (CFPB) (12 CFR part 1003).
\2\ Loan Application Register, https://www.ffiec.gov/hmda/pdf/hmdalar2011.pdf.
---------------------------------------------------------------------------
12 CFR 27.3(b) lists the information banks should seek to
obtain from an applicant as part of a home loan application, and also
sets forth information that a bank must disclose in collecting certain
information from an applicant.
12 CFR 27.3(c) sets forth additional information required
to be kept in the loan file.
12 CFR 27.4 states that the OCC may require a national
bank to maintain a Fair Housing Inquiry/Application Log found in
Appendix III to part 27 if there is reason to believe that the bank is
engaging in discriminatory practices or if analysis of the data
compiled by the bank under the Home Mortgage Disclosure Act (12 U.S.C.
2801 et seq.) and 12 CFR part 203 indicates a pattern of significant
variation in the number of home loans between census tracts with
similar incomes and home ownership levels differentiated only by race
or national origin.
12 CFR 27.5 requires a national bank to maintain the
information required by Sec. 27.3 for 25 months after the bank
notifies the applicant of action taken on an application, or after
withdrawal of an application.
12 CFR 27.7 requires a national bank to submit the
information required by Sec. Sec. 27.3 and 27.4 to the OCC upon its
request, prior to a scheduled examination using the Monthly Home Loan
Activity Format form in Appendix I to part 27 and the Home Loan Data
Form in Appendix IV to part 27.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,927.
Estimated Total Annual Burden: 31,704 hours.
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 burden of the
information collection;
(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 16, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-14397 Filed 6-19-14; 8:45 am]
BILLING CODE 4810-33-P
