Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Domestic First Lien Residential Mortgage Data, 11904-11905 [2016-04896]
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11904
Federal Register / Vol. 81, No. 44 / Monday, March 7, 2016 / Notices
cause substantial economic hardship to
a small volume manufacturer 9 that has
tried to comply with the standard in
good faith, and that granting such an
exemption is consistent with the public
interest. NHTSA believes these
exemption criteria are satisfied.
First, based on the detailed financial
documentation Columbia Body has
provided the agency, NHTSA believes
Columbia Body would suffer substantial
economic hardship without an
exemption for its dump body trailers.
Columbia Body posted a cumulative net
loss over the last three years. Looking
forward, Columbia Body would have to
lay off seven to eight of its 40 employees
in 2016.
Second, Columbia Body has
demonstrated that it has made good
faith efforts to comply with FMVSS No.
224. The dump body trailers subject to
this petition are designed to attach to a
paving machine that secures to the rear
end of the dump body trailer. When
attached to the dump body trailer, the
paving machine hooks to the rear
wheels of the trailer and tucks
underneath the rear end of the dump
body trailer. This interaction between
the dump body trailer and a paving
machine thwarts the installation of an
underride guard. Despite the known
design challenges, Columbia Body
invested a significant amount of time
and money investigating a way to
comply with FMVSS No. 224 while
maintaining the dump body trailer’s
paving utility. It developed potential
solutions to the compliance challenges,
and invested in a finite element analysis
of the situation. Further, Columbia Body
discussed the resulting potentially
compliant design with prospective
paving customers, who responded that
an increase in cost and loss of payload
capability were not acceptable for their
business needs. From its research,
Columbia Body reasonably concluded
that it could not produce its dump body
trailers with compliant guards unless
paving machines are modified to no
longer hook to the rear wheels of the
dump body trailer. Such redesign of
paving machines was not practical.
In the 2004 final rule amending
FMVSS No. 224, NHTSA stated that
‘‘[i]n certain limited circumstances, the
agency [will grant] temporary
exemption to gravity feed dump trailer
manufacturers based, in part, on
impracticability of compliance.’’ 10 We
have closely evaluated the petition and
conclude that practicability problems
posed by Columbia Body’s dump body
trailers support a grant of the petition.
Third, NHTSA believes it is
consistent with the public interest to
grant Columbia Body this exemption.
The overhang required by these trailers,
while not exclusive to paving
applications, is specifically
manufactured to attach to a paving
machine. These trailers serve as a tool
for paving asphalt surfaces, most
commonly, public roads; they are
needed for that public function. Given
the few remaining companies that
produce dump trailers for paving, we
believe that the exemption would result
in more dump trailers being available
for paving and other purposes, which
would facilitate construction projects.
Further, because these trailers are used
primarily in road construction
applications, their exposure to the
traveling public is reduced. In many
instances, these trailers are traveling in
restricted area construction zones or
with a paving machine attached to the
rear end.
Moreover, the impact on safety by this
exemption is further limited by the fact
that relatively few vehicles would be
affected. The number of exempted
trailers allowed under this exemption is
tailored to Columbia Body’s projected
production over the next three years,
meaning that a maximum of only 210
trailers in total will be exempted.
NHTSA also considered the impacts
of not granting the exemption. Columbia
Body states that the failure to receive an
exemption could cause it to lay off
seven to eight of its 40 employees
starting in 2016. Given the practicability
problems the petitioner faces in meeting
FMVSS No. 224 and the efforts made to
comply, the negligible safety impacts of
an exemption, and the increased
availability of dump trailers as a result
of an exemption, we do not believe that
the potential job losses would be
warranted. Taking all of these things
into consideration, NHTSA believes this
exemption is in the public interest.
Based on the exemption requirements
and the information before the agency,
NHTSA is issuing a temporary
exemption to Columbia Body from
FMVSS No. 224 for a period of three
years for the dump body trailers it
manufactures for paving applications.11
This exemption is limited to 210 trailers
9 ‘‘A manufacturer is eligible for an exemption
. . . only if the Secretary determines that the
manufacturer’s total motor vehicle production in
the most recent year of production is not more than
10,000.’’ 49 U.S.C. 30113(d).
10 69 FR 67663 (November 19, 2004). Available at:
https://www.federalregister.gov/articles/2004/11/
19/04-25703/federal-motor-vehicle-safetystandards-rear-impact-guards-final-rule (last
accessed on January 7, 2016).
11 As noted previously in this notice, the gravity
dump body trailers Columbia Body seeks an
exemption for require 16 to 18 inches of clearance
rearward of the rear wheels.
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18:37 Mar 04, 2016
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during the temporary exemption period.
Further, dump body trailers that are
exempted from FMVSS No. 224 must
display certification labels noting this
exemption as required by 49 CFR
555.9(c).
Columbia Body is granted NHTSA
Temporary Exemption No. EX 16–01,
from FMVSS No. 224.
Authority: 49 U.S.C. 30113; delegation of
authority at 49 CFR 1.95.
Issued on: February 29, 2016.
Mark R. Rosekind,
Administrator.
[FR Doc. 2016–04971 Filed 3–4–16; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Revision; Submission for OMB
Review; Domestic First Lien
Residential Mortgage Data
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 revision to an
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 or
revision to 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 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 OCC is soliciting comment
concerning a revision to its information
collection titled, ‘‘Domestic First Lien
Residential Mortgage Data.’’
DATES: You should submit written
comments by: April 6, 2016.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
SUMMARY:
E:\FR\FM\07MRN1.SGM
07MRN1
Federal Register / Vol. 81, No. 44 / Monday, March 7, 2016 / Notices
asabaliauskas on DSK3SPTVN1PROD with NOTICES
email, if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0331, 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.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0331, 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:
Shaquita Merritt, 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.
VerDate Sep<11>2014
18:37 Mar 04, 2016
Jkt 238001
The OCC
is requesting OMB approval for the
following information collection:
Title: Domestic First Lien Residential
Mortgage Data.
OMB Control Number: 1557–0331.
Description:
Comprehensive mortgage data is vital
to assessing and monitoring credit
quality and loss mitigation activities in
the residential mortgage market and the
federal banking system. This data is
important and necessary to support
supervisory activities to ensure the
safety and soundness of the federal
banking system.
The Dodd-Frank Wall Street Reform
and Regulatory Improvement Act of
2010 requires the OCC to collect this
mortgage data. 12 U.S.C. 1715z–25.
This data collection is being revised
to include aggregate values to be
calculated from data that is currently
reported in loan-level format. These
aggregate values will be industry
standard measures of portfolio
performance, including but not limited
to: Outstanding loan count and unpaid
principal balance; delinquency and
liquidation ratios; and the number of
loss mitigation actions completed.
Aggregate values generally will be
reported at the total portfolio and state
level, with some values also reported by
portfolio segments including, but not
limited to: Borrower credit class and
type and execution date of loss
mitigation action.
The reported data items will still be
calculated from loan-level data that
includes: Bankruptcy or foreclosure
status; and other detailed loan
information. Banks would not be
required to report this data to the OCC
monthly, but would be required to
provide it upon OCC’s request.
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00168
Fmt 4703
Sfmt 9990
11905
Type of Review: Regular review.
Affected Public: Businesses or other
for-profit.
Burden Estimate:
Estimated Number of Respondents:
61.
Estimated Annual Responses per
Respondent: 4 per year.
Estimated Burden per Response: 120
hours per month/per bank.
Estimated Total Annual Burden:
29,280 hours.
The OCC published notice of this
collection for 60 days of comment on
November 16, 2015, 80 FR 70880. 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
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: March 1, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative &
Regulatory Activities Division.
[FR Doc. 2016–04896 Filed 3–4–16; 8:45 am]
BILLING CODE 4810–33–P
E:\FR\FM\07MRN1.SGM
07MRN1
]]>Agencies
[Federal Register Volume 81, Number 44 (Monday, March 7, 2016)]
[Notices]
[Pages 11904-11905]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04896]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Revision; Submission for OMB Review; Domestic First Lien Residential
Mortgage Data
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 revision to an
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 or revision to 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 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 OCC is soliciting comment concerning a revision to its
information collection titled, ``Domestic First Lien Residential
Mortgage Data.''
DATES: You should submit written comments by: April 6, 2016.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
[[Page 11905]]
email, if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0331, 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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0331, 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: Shaquita Merritt, 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.
SUPPLEMENTARY INFORMATION: The OCC is requesting OMB approval for the
following information collection:
Title: Domestic First Lien Residential Mortgage Data.
OMB Control Number: 1557-0331.
Description:
Comprehensive mortgage data is vital to assessing and monitoring
credit quality and loss mitigation activities in the residential
mortgage market and the federal banking system. This data is important
and necessary to support supervisory activities to ensure the safety
and soundness of the federal banking system.
The Dodd-Frank Wall Street Reform and Regulatory Improvement Act of
2010 requires the OCC to collect this mortgage data. 12 U.S.C. 1715z-
25.
This data collection is being revised to include aggregate values
to be calculated from data that is currently reported in loan-level
format. These aggregate values will be industry standard measures of
portfolio performance, including but not limited to: Outstanding loan
count and unpaid principal balance; delinquency and liquidation ratios;
and the number of loss mitigation actions completed. Aggregate values
generally will be reported at the total portfolio and state level, with
some values also reported by portfolio segments including, but not
limited to: Borrower credit class and type and execution date of loss
mitigation action.
The reported data items will still be calculated from loan-level
data that includes: Bankruptcy or foreclosure status; and other
detailed loan information. Banks would not be required to report this
data to the OCC monthly, but would be required to provide it upon OCC's
request.
Type of Review: Regular review.
Affected Public: Businesses or other for-profit.
Burden Estimate:
Estimated Number of Respondents: 61.
Estimated Annual Responses per Respondent: 4 per year.
Estimated Burden per Response: 120 hours per month/per bank.
Estimated Total Annual Burden: 29,280 hours.
The OCC published notice of this collection for 60 days of comment
on November 16, 2015, 80 FR 70880. 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 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: March 1, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative & Regulatory Activities Division.
[FR Doc. 2016-04896 Filed 3-4-16; 8:45 am]
BILLING CODE 4810-33-P
