Agency Information Collection Activities: Submission for OMB Review; Comment Request, 8052 [2016-03204]

Agencies

• BUREAU OF CONSUMER FINANCIAL PROTECTION

[Federal Register Volume 81, Number 31 (Wednesday, February 17, 2016)]
[Notices]
[Page 8052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03204]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2016-0005]


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, ``Homeownership Counseling Amendments 
to the Real Estate Settlement Procedures Act (Regulation X) 12 CFR 
1024.''

DATES: Written comments are encouraged and must be received on or 
before March 18, 2016 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: Homeownership Counseling Amendments to the 
Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.
    OMB Control Number: 3170-0025.
    Type of Review: Extension without change of an existing information 
collection.
    Affected Public: Private sector.
    Estimated Number of Respondents: 2,259.
    Estimated Total Annual Burden Hours: 117,500.
    Abstract: Regulation X implements the Real Estate Settlement 
Procedures Act, ensures that consumers are provided with more helpful 
information about the cost of the mortgage settlement and protected 
from unnecessarily high settlement charges caused by certain abusive 
practices. Regulation X contains information collections in the form of 
third party disclosures and recordkeeping requirements.
    This amendment to Regulation X requires lenders to provide mortgage 
applicants a list of certified homeownership counselors at or soon 
after the time of their application. This requirement is meant to help 
applicants be informed about the process of applying for a mortgage, 
and receive additional non-biased guidance if desired.
    Request For Comments: The Bureau issued a 60-day Federal Register 
notice on November 25, 2015, 80 FR 73734. 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 OMB approval. All 
comments will become a matter of public record.

    Dated: February 10, 2016.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2016-03204 Filed 2-16-16; 8:45 am]
 BILLING CODE 4810-AM-P