Agency Information Collection Activities: Information Collection Renewal; Comment Request; Registration of Mortgage Loan Originators, 10566-10568 [2015-04046]
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10566
Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. AB 32 (Sub-No. 106X)]
rmajette on DSK2VPTVN1PROD with NOTICES
Boston and Maine Corporation—
Discontinuance of Service
Exemption—in Essex County, Mass
Boston and Maine Corporation (B&M)
filed a verified notice of exemption
under 49 CFR part 1152 subpart F—
Exempt Abandonments and
Discontinuances of Service to
discontinue service over approximately
1.4 miles of railroad line in Essex
County, Mass. (the Line). The Line,
known as the Manchester and Lawrence
Branch, extends between mileposts 0.00
and 1.4 and traverses United States
Postal Service Zip Code 01840.
B&M has certified that: (1) No local
traffic has moved over the Line for at
least two years; (2) there is no overhead
traffic on the Line; (3) no formal
complaint filed by a user of rail service
on the Line (or by a state or local
government entity acting on behalf of
such user) regarding cessation of service
over the Line either is pending before
the Surface Transportation Board or any
U.S. District Court or has been decided
in favor of a complainant within the
two-year period; and (4) the
requirements at 49 CFR 1105.7(c)
(environmental report), 49 CFR 1105.11
(transmittal letter), 49 CFR 1105.12
(newspaper publication), and 49 CFR
1152.50(d)(1) (notice to governmental
agencies) have been met.
As a condition to this exemption, any
employee adversely affected by the
discontinuance shall be protected under
Oregon Short Line Railroad—
Abandonment Portion Goshen Branch
Between Firth & Ammon, in Bingham &
Bonneville Counties, Idaho, 360 I.C.C.
91 (1979). To address whether this
condition adequately protects affected
employees, a petition for partial
revocation under 49 U.S.C. 10502(d)
must be filed.
Provided no formal expression of
intent to file an offer of financial
assistance (OFA) to subsidize continued
rail service has been received, this
exemption will become effective on
March 28, 2015 (50 days after the filing
of the exemption), unless stayed
pending reconsideration. Petitions to
stay that do not involve environmental
issues and formal expressions of intent
to file an OFA to subsidize continued
rail service under 49 CFR 1152.27(c)(2) 1
1 Each OFA must be accompanied by the filing
fee, which is currently set at $1,600. See 49 CFR
1002.2(f)(25).
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must be filed by March 9, 2015.2
Petitions to reopen must be filed by
March 18, 2015, with the Surface
Transportation Board, 395 E Street SW.,
Washington, DC 20423–0001.
A copy of any petition filed with the
Board should be sent to B&M’s
representative: Robert B. Burns, Esq.,
Pan Am Railways, 1700 Iron Horse Park,
Billerica, MA 01862.
If the verified notice contains false or
misleading information, the exemption
is void ab initio.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: February 23, 2015.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2015–04106 Filed 2–25–15; 8:45 am]
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 9575—Summary of Benefits
and Coverage and the Uniform Glossary.
Abstract: This document contains
regulations regarding disclosure of the
summary of benefits and coverage and
the uniform glossary for group health
plans and health insurance coverage in
the group and individual markets under
the Patient Protection and Affordable
Care Act and implements the disclosure
requirements to help plans and
individuals better understand their
health coverage, as well as other
coverage options.
Affected Public: Private Sector:
Businesses or other for-profits; not-forprofit institutions.
Estimated Annual Burden Hours:
649,500.
BILLING CODE 4915–01–P
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
DEPARTMENT OF THE TREASURY
[FR Doc. 2015–04021 Filed 2–25–15; 8:45 am]
BILLING CODE 4830–01–P
Submission for OMB Review;
Comment Request
DEPARTMENT OF THE TREASURY
February 23, 2015.
The Department of the Treasury will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before March 30, 2015 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8140, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 927–5331,
email at PRA@treasury.gov, or the entire
information collection request may be
found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545–2229.
2 Because this is a discontinuance proceeding and
not an abandonment, interim trail use/rail banking
and public use conditions are not appropriate.
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Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Registration of Mortgage Loan
Originators
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
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 the
renewal of its information collection
SUMMARY:
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26FEN1
rmajette on DSK2VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices
titled, ‘‘Registration of Mortgage Loan
Originators.’’
DATES: You should submit written
comments by: April 27, 2015.
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:
1557–0243, 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:
Mary H. Gottlieb, OCC Clearance
Officer, (202) 649–5490, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION:
The OCC is requesting extension of
OMB approval for this collection. There
have been no changes to the
requirements of the regulations.
Title: Registration of Mortgage Loan
Originators.
OMB Number: 1557–0243.
Description: Among other things, the
Secure and Fair Enforcement for
Mortgage Licensing Act (S.A.F.E. Act),
codified at 12 U.S.C. 5101–5116,
requires an employee of a bank, savings
association, or credit union or a
subsidiary thereof regulated by a
Federal banking agency or an employee
of an institution regulated by the Farm
Credit Administration (FCA),
(collectively, Agency-regulated
Institutions) who engages in the
business of a residential mortgage loan
originator (MLO) to register with the
Nationwide Mortgage Licensing System
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Jkt 235001
and Registry (Registry) and obtain a
unique identifier. Pursuant to
implementing regulations set forth at 12
CFR part 1007, Agency-regulated
Institutions must require their
employees who act as residential MLOs
to comply with the requirements to
register and obtain a unique identifier
under the S.A.F.E. Act and must adopt
and follow written policies and
procedures to assure compliance with
these requirements. In order to register,
an MLO must provide to the Registry
identifying information, including: (1)
Fingerprints for submission to the
Federal Bureau of Investigation and any
other relevant governmental agency for
a State and national criminal
background check; and (2) personal
history and experience, including
authorization for the Registry to obtain
information related to any
administrative, civil, or criminal
findings by any governmental
jurisdiction. The S.A.F.E. Act originally
required the Federal banking agencies
and the FCA to develop and maintain
the Registry; the Dodd-Frank Act
subsequently transferred that
responsibility to the Consumer
Financial Protection Bureau.
The Registry is intended to aggregate
and improve the flow of information to
and between regulators; provide
increased accountability and tracking of
mortgage loan originators; enhance
consumer protections; reduce fraud in
the residential mortgage loan origination
process; and provide consumers with
easily accessible information at no
charge regarding the employment
history of, and the publicly adjudicated
disciplinary and enforcement actions
against, MLOs.
MLO Reporting Requirements
Twelve CFR 1007.103(a) generally
requires an MLO of an Agency-regulated
Institution to register with the Registry,
maintain such registration, and obtain a
unique identifier. Under § 1007.103(b),
an Agency-regulated Institution must
require each such registration to be
renewed annually and updated within
30 days of the occurrence of specified
events. Section 1007.103(d) sets forth
the categories of information that an
employee, or the employing institution
on the employee’s behalf, must submit
to the Registry, along with the
employee’s attestation as to the
correctness of the information supplied
and an authorization to obtain further
information.
MLO Disclosure Requirement
Section 1007.105(b) requires an MLO
to provide the unique identifier to a
consumer upon request.
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Fmt 4703
Sfmt 4703
10567
Financial Institution Reporting
Requirements
Section 1007.103(e) specifies the
institution and employee information
that an institution must submit to the
Registry in connection with the initial
registration of one or more MLOs, and
thereafter update.
Financial Institution Disclosure
Requirements
Section 1007.105(a) requires the
institution to make the unique identifier
of MLOs available to consumers in a
manner and method practicable to the
institution.
Financial Institution Recordkeeping
Requirements
• Section 1007.103(d)(1)(xii) requires
the collection of MLO fingerprints.
• Section 1007.104 requires an
institution employing MLOs to:
Æ Adopt and follow written policies
and procedures, at a minimum
addressing certain specified areas, but
otherwise appropriate to the nature,
size, and complexity of their mortgage
lending activities;
Æ Establish reasonable procedures
and tracking systems for monitoring
registration compliance; and
Æ Establish a process for, and
maintain records related to, employee
criminal history background reports and
actions taken with respect thereto.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
65,027.
Estimated Total Annual Burden:
44,898 hours.
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and 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 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.
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10568
Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices
Dated: February 20, 2015.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2015–04046 Filed 2–25–15; 8:45 am]
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15:27 Feb 25, 2015
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]]>Agencies
[Federal Register Volume 80, Number 38 (Thursday, February 26, 2015)]
[Notices]
[Pages 10566-10568]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-04046]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Registration of Mortgage Loan Originators
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 the renewal of its information collection
[[Page 10567]]
titled, ``Registration of Mortgage Loan Originators.''
DATES: You should submit written comments by: April 27, 2015.
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: 1557-0243, 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: Mary H. Gottlieb, OCC Clearance
Officer, (202) 649-5490, for persons who are deaf or hard of hearing,
TTY, (202) 649-5597, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency, 400 7th Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION:
The OCC is requesting extension of OMB approval for this
collection. There have been no changes to the requirements of the
regulations.
Title: Registration of Mortgage Loan Originators.
OMB Number: 1557-0243.
Description: Among other things, the Secure and Fair Enforcement
for Mortgage Licensing Act (S.A.F.E. Act), codified at 12 U.S.C. 5101-
5116, requires an employee of a bank, savings association, or credit
union or a subsidiary thereof regulated by a Federal banking agency or
an employee of an institution regulated by the Farm Credit
Administration (FCA), (collectively, Agency-regulated Institutions) who
engages in the business of a residential mortgage loan originator (MLO)
to register with the Nationwide Mortgage Licensing System and Registry
(Registry) and obtain a unique identifier. Pursuant to implementing
regulations set forth at 12 CFR part 1007, Agency-regulated
Institutions must require their employees who act as residential MLOs
to comply with the requirements to register and obtain a unique
identifier under the S.A.F.E. Act and must adopt and follow written
policies and procedures to assure compliance with these requirements.
In order to register, an MLO must provide to the Registry identifying
information, including: (1) Fingerprints for submission to the Federal
Bureau of Investigation and any other relevant governmental agency for
a State and national criminal background check; and (2) personal
history and experience, including authorization for the Registry to
obtain information related to any administrative, civil, or criminal
findings by any governmental jurisdiction. The S.A.F.E. Act originally
required the Federal banking agencies and the FCA to develop and
maintain the Registry; the Dodd-Frank Act subsequently transferred that
responsibility to the Consumer Financial Protection Bureau.
The Registry is intended to aggregate and improve the flow of
information to and between regulators; provide increased accountability
and tracking of mortgage loan originators; enhance consumer
protections; reduce fraud in the residential mortgage loan origination
process; and provide consumers with easily accessible information at no
charge regarding the employment history of, and the publicly
adjudicated disciplinary and enforcement actions against, MLOs.
MLO Reporting Requirements
Twelve CFR 1007.103(a) generally requires an MLO of an Agency-
regulated Institution to register with the Registry, maintain such
registration, and obtain a unique identifier. Under Sec. 1007.103(b),
an Agency-regulated Institution must require each such registration to
be renewed annually and updated within 30 days of the occurrence of
specified events. Section 1007.103(d) sets forth the categories of
information that an employee, or the employing institution on the
employee's behalf, must submit to the Registry, along with the
employee's attestation as to the correctness of the information
supplied and an authorization to obtain further information.
MLO Disclosure Requirement
Section 1007.105(b) requires an MLO to provide the unique
identifier to a consumer upon request.
Financial Institution Reporting Requirements
Section 1007.103(e) specifies the institution and employee
information that an institution must submit to the Registry in
connection with the initial registration of one or more MLOs, and
thereafter update.
Financial Institution Disclosure Requirements
Section 1007.105(a) requires the institution to make the unique
identifier of MLOs available to consumers in a manner and method
practicable to the institution.
Financial Institution Recordkeeping Requirements
Section 1007.103(d)(1)(xii) requires the collection of MLO
fingerprints.
Section 1007.104 requires an institution employing MLOs
to:
[cir] Adopt and follow written policies and procedures, at a
minimum addressing certain specified areas, but otherwise appropriate
to the nature, size, and complexity of their mortgage lending
activities;
[cir] Establish reasonable procedures and tracking systems for
monitoring registration compliance; and
[cir] Establish a process for, and maintain records related to,
employee criminal history background reports and actions taken with
respect thereto.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 65,027.
Estimated Total Annual Burden: 44,898 hours.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and 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
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.
[[Page 10568]]
Dated: February 20, 2015.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2015-04046 Filed 2-25-15; 8:45 am]
BILLING CODE P
