Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Appraisal Complaint Form, 9585-9586 [2016-03968]

Download as PDF Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices Dated: February 19, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2016–03966 Filed 2–24–16; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Appraisal Complaint Form Office of the Comptroller of the Currency, Treasury (OCC) and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. AGENCY: The OCC and the FDIC (the Agencies), as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on an information collection renewal, as required by the Paperwork Reduction Act of 1995 (PRA). An agency may not conduct or sponsor, and a 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 Agencies are soliciting comment concerning the renewal of each Agency’s information collection titled ‘‘Interagency Appraisal Complaint Form.’’ The Agencies also are giving notice that they have each sent their collection to OMB for review. DATES: Comments must be received by March 28, 2016. ADDRESSES: OCC: 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: 1557–0314, 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 prainfo@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 mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:07 Feb 24, 2016 Jkt 238001 that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and 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 include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FDIC: You may submit comments by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Agency Web site: http:// www.FDIC.gov/regulations/laws/ federal/. • Mail: Gary Kuiper (202.898.3877), Counsel, MB–3016, or Manuel Cabeza (202.898.3767), Counsel, MB–3105, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. • Hand Delivered/Courier: The guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. • Email: comments@FDIC.gov. Instructions: Comments submitted must include ‘‘Interagency Appraisal Complaint Form.’’ Comments received will be posted without change to http://www.FDIC.gov/regulations/laws/ federal/, including any personal information provided. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0314 or 3064–0190, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: oira_ submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: OCC: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490 or, 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. FDIC: Gary Kuiper or Manuel Cabeza at the address or telephone number given above. SUPPLEMENTARY INFORMATION: In compliance with the PRA, 44 U.S.C. 3501 et seq., the Agencies are seeking comment on the renewal of the following collection of information: PO 00000 Frm 00167 Fmt 4703 Sfmt 4703 9585 Interagency Appraisal Complaint Form Section 1473(p) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 1 provides that the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) shall establish and operate a national hotline (ASC Hotline) to receive complaints of non-compliance with the appraisal independence standards of the Uniform Standards of Professional Appraisal Practice (USPAP) if the ASC determines, six months after enactment of that section (i.e., January 21, 2011), that no such national hotline exists. The statute requires that the ASC Hotline shall include a toll-free telephone number and an email address. Section 1473(p) further directs the ASC to refer complaints received through the ASC Hotline to the appropriate government bodies for further action, which may include referrals to the Agencies, the Federal Reserve Board (Board), the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB), and State agencies. On January 12, 2011, the ASC determined that a national appraisal hotline did not exist, and a notice of that determination was published in the Federal Register on January 28, 2011 (76 FR 5161). As a result, the ASC established a hotline to refer complaints to appropriate state and Federal regulators. Representatives from the Agencies, the Board, the NCUA, and the CFPB met and established a process to facilitate the referral of complaints received through the ASC Hotline to the appropriate Federal financial institution regulatory agency or agencies. The Agencies, the Board, and the NCUA developed the Interagency Appraisal Complaint Form (IACF) to collect the information necessary to take further action on the complaint. The CFPB incorporated the process into one of their existing systems. Description of the IACF The IACF was developed for use by those who wish to file a formal, written complaint that an entity subject to the jurisdiction of one or more Agencies, the Board, or the NCUA has failed to comply with the appraisal independence standards or USPAP. The IACF is designed to collect information necessary for one or both of the Agencies, the Board, or the NCUA to take further action on a complaint from an appraiser, other individual, financial 1 Dodd-Frank Wall Street Reform and Consumer Protection Act section 1473, Public Law 111–203, 124 Stat. 1376, July 21, 2010; 12 U.S.C. 3351(i). E:\FR\FM\25FEN1.SGM 25FEN1 9586 Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices institution, or other entities. The Agencies, the Board, and the NCUA use the information to take further action on the complaint to the extent the complaint relates to an issue within their jurisdiction. The Board and the NCUA are renewing their forms separately. The OCC and FDIC estimate that the burden of this collection of information is as follows: OMB Control Number: 1557–0314. Estimated Number of Respondents: 1,500. Estimated Burden per Response: 0.5 hours. Estimated Total Annual Burden: 750 hours. FDIC OMB Control Number: 3064–0190. Estimated Number of Respondents: 200. Estimated Burden per Response: 0.5 hours. Estimated Total Annual Burden: 100 hours. The Agencies issued a notice regarding the collection for 60 days of comment on December 4, 2015, 80 FR 75896. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the Agencies, including whether the information has practical utility; (b) The accuracy of the Agencies’ estimates 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. mstockstill on DSK4VPTVN1PROD with NOTICES Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations. DATES: Written comments should be received on or before April 25, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Martha R. Brinson, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations. OMB Number: 1545–2014. Form Number: TD 9452. Abstract: The final regulations require a collection of information in order for a taxpayer to make certain tax elections. The American Jobs Creation Act of 2004 amended the foreign tax credit treatment of dividends from noncontrolled section 902 corporations effective for post-2002 tax years, and the Gulf Opportunity Zone Act of 2005 permitted taxpayers to elect to defer the effective date of these amendments until post-2004 tax years (GOZA election). Treas. Reg. § 1.904–7(f)(9)(ii)(C) requires a taxpayer making the GOZA election to attach a statement to such effect to its next tax return for which the due date (with extensions) is more than 90 days after April 25, 2006. Treas. Reg. § 1.964– 1(c)(3) requires certain shareholders making tax elections (section 964 SUMMARY: OCC Dated: February 17, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. Dated at Washington, DC, this 19th day of February 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–03968 Filed 2–24–16; 8:45 am] BILLING CODE 4810–33–P; 6714–01–P VerDate Sep<11>2014 DEPARTMENT OF THE TREASURY 18:07 Feb 24, 2016 Jkt 238001 PO 00000 Frm 00168 Fmt 4703 Sfmt 9990 elections) on behalf of a controlled foreign corporation or noncontrolled section 902 corporation to sign a jointly executed consent (that is retained by one designated shareholder) and to attach a statement to their tax returns for the election year. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households, Businesses and other forprofit organizations. Estimated Number of Respondents: 50. Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 25. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: 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. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’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 of information 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. Approved: February 18, 2016. Tuawana Pinkston, IRS Reports Clearance Officer. [FR Doc. 2016–04021 Filed 2–24–16; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\25FEN1.SGM 25FEN1

Agencies

[Federal Register Volume 81, Number 37 (Thursday, February 25, 2016)]
[Notices]
[Pages 9585-9586]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03968]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Interagency Appraisal Complaint 
Form

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC) and 
Federal Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The OCC and the FDIC (the Agencies), as part of their 
continuing effort to reduce paperwork and respondent burden, invite the 
general public and other Federal agencies to take this opportunity to 
comment on an information collection renewal, as required by the 
Paperwork Reduction Act of 1995 (PRA).
    An agency may not conduct or sponsor, and a 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 Agencies are soliciting comment concerning the renewal of each 
Agency's information collection titled ``Interagency Appraisal 
Complaint Form.'' The Agencies also are giving notice that they have 
each sent their collection to OMB for review.

DATES: Comments must be received by March 28, 2016.

ADDRESSES:
    OCC: 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: 1557-0314, 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 prainfo@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 or, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597. Upon arrival, visitors will be required to present 
valid government-issued photo identification and 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 include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    FDIC: You may submit comments by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Agency Web site: http://www.FDIC.gov/regulations/laws/federal/.
     Mail: Gary Kuiper (202.898.3877), Counsel, MB-3016, or 
Manuel Cabeza (202.898.3767), Counsel, MB-3105, Legal Division, Federal 
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429.
     Hand Delivered/Courier: The guard station at the rear of 
the 550 17th Street Building (located on F Street), on business days 
between 7:00 a.m. and 5:00 p.m.
     Email: comments@FDIC.gov.
    Instructions: Comments submitted must include ``Interagency 
Appraisal Complaint Form.'' Comments received will be posted without 
change to  http://www.FDIC.gov/regulations/laws/federal/, including any 
personal information provided.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0314 or 3064-0190, U.S. Office of Management and 
Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email 
to: oira_ submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT:
    OCC: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, 
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.
    FDIC: Gary Kuiper or Manuel Cabeza at the address or telephone 
number given above.

SUPPLEMENTARY INFORMATION: In compliance with the PRA, 44 U.S.C. 3501 
et seq., the Agencies are seeking comment on the renewal of the 
following collection of information:

Interagency Appraisal Complaint Form

    Section 1473(p) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act \1\ provides that the Appraisal Subcommittee (ASC) of 
the Federal Financial Institutions Examination Council (FFIEC) shall 
establish and operate a national hotline (ASC Hotline) to receive 
complaints of non-compliance with the appraisal independence standards 
of the Uniform Standards of Professional Appraisal Practice (USPAP) if 
the ASC determines, six months after enactment of that section (i.e., 
January 21, 2011), that no such national hotline exists. The statute 
requires that the ASC Hotline shall include a toll-free telephone 
number and an email address. Section 1473(p) further directs the ASC to 
refer complaints received through the ASC Hotline to the appropriate 
government bodies for further action, which may include referrals to 
the Agencies, the Federal Reserve Board (Board), the National Credit 
Union Administration (NCUA), the Consumer Financial Protection Bureau 
(CFPB), and State agencies. On January 12, 2011, the ASC determined 
that a national appraisal hotline did not exist, and a notice of that 
determination was published in the Federal Register on January 28, 2011 
(76 FR 5161). As a result, the ASC established a hotline to refer 
complaints to appropriate state and Federal regulators.
---------------------------------------------------------------------------

    \1\ Dodd-Frank Wall Street Reform and Consumer Protection Act 
section 1473, Public Law 111-203, 124 Stat. 1376, July 21, 2010; 12 
U.S.C. 3351(i).
---------------------------------------------------------------------------

    Representatives from the Agencies, the Board, the NCUA, and the 
CFPB met and established a process to facilitate the referral of 
complaints received through the ASC Hotline to the appropriate Federal 
financial institution regulatory agency or agencies. The Agencies, the 
Board, and the NCUA developed the Interagency Appraisal Complaint Form 
(IACF) to collect the information necessary to take further action on 
the complaint. The CFPB incorporated the process into one of their 
existing systems.

Description of the IACF

    The IACF was developed for use by those who wish to file a formal, 
written complaint that an entity subject to the jurisdiction of one or 
more Agencies, the Board, or the NCUA has failed to comply with the 
appraisal independence standards or USPAP. The IACF is designed to 
collect information necessary for one or both of the Agencies, the 
Board, or the NCUA to take further action on a complaint from an 
appraiser, other individual, financial

[[Page 9586]]

institution, or other entities. The Agencies, the Board, and the NCUA 
use the information to take further action on the complaint to the 
extent the complaint relates to an issue within their jurisdiction. The 
Board and the NCUA are renewing their forms separately.
    The OCC and FDIC estimate that the burden of this collection of 
information is as follows:

OCC

    OMB Control Number: 1557-0314.
    Estimated Number of Respondents: 1,500.
    Estimated Burden per Response: 0.5 hours.
    Estimated Total Annual Burden: 750 hours.

FDIC

    OMB Control Number: 3064-0190.
    Estimated Number of Respondents: 200.
    Estimated Burden per Response: 0.5 hours.
    Estimated Total Annual Burden: 100 hours.
    The Agencies issued a notice regarding the collection for 60 days 
of comment on December 4, 2015, 80 FR 75896. No comments were received. 
Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the Agencies, including whether 
the information has practical utility;
    (b) The accuracy of the Agencies' estimates 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: February 17, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Dated at Washington, DC, this 19th day of February 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-03968 Filed 2-24-16; 8:45 am]
 BILLING CODE 4810-33-P; 6714-01-P