Agency Information Collection Activities: Submission for OMB Review; Comment Request, 36520 [2015-15560]

Agencies

• BUREAU OF CONSUMER FINANCIAL PROTECTION

[Federal Register Volume 80, Number 122 (Thursday, June 25, 2015)]
[Notices]
[Page 36520]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-15560]



[[Page 36520]]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0025]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is proposing to renew 
the Office of Management and Budget (OMB) approval for an existing 
information collection, titled, ``Registration of Mortgage Loan 
Originators (Regulation G) 12 CFR 1007.''

DATES: Written comments are encouraged and must be received on or 
before July 27, 2015 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: https://www.regulations.gov. Follow the 
instructions for submitting comments.
     OMB: Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503 or fax to (202) 395-5806. 
Mailed or faxed comments to OMB should be to the attention of the OMB 
Desk Officer for the Bureau of Consumer Financial Protection.
    Please note that comments submitted after the comment period will 
not be accepted. In general, all comments received will become public 
records, including any personal information provided. Sensitive 
personal information, such as account numbers or social security 
numbers, should not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at www.reginfo.gov 
(this link active on the day following publication of this notice). 
Select ``Information Collection Review,'' under ``Currently under 
review,'' use the dropdown menu ``Select Agency'' and select ``Consumer 
Financial Protection Bureau'' (recent submissions to OMB will be at the 
top of the list). The same documentation is also available at https://www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: PRA@cfpb.gov. Please do not submit comments to this email box.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Registration of Mortgage Loan Originators 
(Regulation G) 12 CFR 1007.
    OMB Control Number: 3170-0005.
    Type of Review: Extension with change of a previously approved 
collection.
    Affected Public: Business or other for-profit institutions.
    Estimated Number of Respondents: 147.
    Estimated Total Annual Burden Hours: 265,944.
    Abstract: Regulation G implements the Secure and Fair Enforcement 
for Mortgage Licensing Act's (S.A.F.E. Act's) federal registration 
requirement with respect to any covered financial institutions, and 
their employees who act as residential mortgage loan originators 
(MLOs), to register with the Nationwide Mortgage Licensing System and 
Registry, obtain a unique identifier, maintain this registration, and 
disclose to consumers the unique identifier. The rule also requires the 
covered financial institutions employing these MLOs to adopt and follow 
written policies and procedures to ensure their employees comply with 
these requirements and to disclose the unique identifiers of their 
MLOs.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on April 8, 2015 (80 FR 18828). Comments were solicited and 
continue to be invited on: (a) Whether the collection of information is 
necessary for the proper performance of the functions of the Bureau, 
including whether the information will have practical utility; (b) the 
accuracy of the Bureau's estimate of the burden of the collection of 
information, including the validity of the methods 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. Comments submitted in response to this notice will be 
summarized and/or included in the request for Office of Management and 
Budget (OMB) approval. All comments will become a matter of public 
record.

    Dated: June 18, 2015.
Ashwin Vasan,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2015-15560 Filed 6-24-15; 8:45 am]
 BILLING CODE 4810-AM-P