Agency Information Collection Activities: Information Collection Renewal; Comment Request; Fair Housing Home Loan Data System Regulation, 35413-35414 [2014-14397]

Download as PDF 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, http://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]


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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.

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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, http://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