Agency Information Collection Activities: Information Collection Renewal; Comment Request; Real Estate Lending and Appraisals, 41373-41374 [2016-14939]
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Federal Register / Vol. 81, No. 122 / Friday, June 24, 2016 / Notices
sradovich on DSK3GDR082PROD with NOTICES
(8) Develop and implement
procedures for the evaluation of well
and attendant storage facilities that
include analysis of facility flow erosion,
hydrate potential, individual facility
component capacity and fluid disposal
capability at intended gas flow rates and
pressures, and analysis of the specific
impacts that the intended operating
pressure range could have on the
corrosive potential of fluids in the
system;
(9) Identify potential threats and
hazards associated with operation of the
underground storage facility;
(10) Perform ongoing verification and
demonstration of the integrity of the
underground storage reservoir or cavern
using appropriate monitoring
techniques for integrity changes such as
the monitoring of pressure and periodic
pressure surveys, inventory (injection
and withdrawal of all products),
product levels, cavern subsidence, and
the findings from adjacent production
and water wells, and observation wells;
(11) Ensure that emergency
procedures are reviewed, conducted,
and updated at least annually; and
(12) Ensure records of the processes,
procedures, assessments, reassessments,
and mitigation measures are maintained
for the life of the storage well.
The Aliso Canyon incident has
highlighted the concern about the
current lack of minimum federal
regulations related to the downhole
operation of underground natural gas
storage wells. The full extent of the
damage, both to people and the
environment, caused by the Aliso
Canyon incident will not be known
until much later.
This workshop is a forum for PHMSA
to collect input regarding safety
concerns of the public and the
challenges industry faces in conducting
daily operations, maintenance, integrity
verification, well monitoring, threat and
hazard identification, assessments,
remediation, site security, emergency
response and preparedness, and
recordkeeping.
Issued in Washington, DC, on June 20,
2016, under authority delegated in 49 CFR
1.97.
Alan K. Mayberry,
Acting Associate Administrator for Pipeline
Safety.
[FR Doc. 2016–14953 Filed 6–23–16; 8:45 am]
BILLING CODE 4910–60–P
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17:43 Jun 23, 2016
Jkt 238001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Real
Estate Lending and Appraisals
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).
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 renewal of its information
collection titled, ‘‘Real Estate Lending
and Appraisals.’’
DATES: Comments must be received by
August 23, 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
email, if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0190, 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
SUMMARY:
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
41373
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
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., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of the PRA (44 U.S.C.
3506(c)(2)(A)) requires Federal agencies
to provide a 60-day notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Real Estate Lending and
Appraisals (12 CFR 34, 160, 164, 190).
OMB Control No.: 1557–0190.
Type of Review: Extension, without
revision, of a currently approved
collection.
Description: Twelve CFR parts 34 and
160 contain reporting and
recordkeeping requirements. Twelve
CFR part 34, subpart B (Adjustable-Rate
Mortgages (ARM)), subpart E (Other
Real Estate Owned (OREO)), and part
160 contain reporting requirements.
Twelve CFR part 34, subpart C
(Appraisal Requirements), subpart D
(Real Estate Lending Standards), and
parts 160 and 164 contain
recordkeeping requirements. Twelve
CFR 190.4(h) contains a disclosure
requirement concerning Federallyrelated residential manufactured
housing loans.
Twelve CFR part 34, subpart B,
section 34.22(a) requires that for ARM
loans, the loan documentation must
specify an index or combination of
indices to which changes in the interest
rate will be linked. Sections 34.22(b)
and 160.35(d)(3) provide notice
procedures to be used when seeking to
use an alternative index.
Twelve CFR 34.44 and 164.4 provide
minimum standards for the performance
of real estate appraisals, including the
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sradovich on DSK3GDR082PROD with NOTICES
41374
Federal Register / Vol. 81, No. 122 / Friday, June 24, 2016 / Notices
requirement that appraisals be written
and contain sufficient information and
analysis to support the institution’s
decision to engage in the transaction.
Twelve CFR 34.62, 160.101, and the
related appendices require each
institution to adopt and maintain
written policies that establish
appropriate limits and standards for
extensions of credit that are secured by
liens on or interests in real estate or that
are made for the purpose of financing
permanent improvements to real estate.
Real estate lending policies must be
reviewed and approved by the
institution’s board of directors at least
annually.
Twelve CFR 34.84 requires that, after
holding any real estate acquired for
future bank expansion for one year, a
national bank must state, by resolution
or other official action, its plans for the
use of the property and make the
resolution or other action available for
inspection by examiners. Sections 34.85
and 160.172 require that national banks
and Federal savings associations
develop a prudent real estate collateral
evaluation policy to monitor the value
of each parcel of OREO in a manner
consistent with prudent banking
practice. Section 34.86 requires that
national banks notify the appropriate
OCC supervisory office at least 30 days
before making advances under a
development or improvement plan for
OREO if the total investment in the
property will exceed 10 percent of the
bank’s capital and surplus.
Twelve CFR 190.4(h) requires that for
Federally-related residential
manufactured housing loans, a creditor
must provide a debtor a notice of default
30 days prior to repossession,
foreclosure, or acceleration.
Affected Public: Businesses or other
for-profit.
Frequency of Response: On occasion.
Burden Estimates:
Estimated Number of Respondents:
1,023 national banks and 390 Federal
savings associations.
Estimated Annual Burden: 94,512
burden hours.
Comments: Comments submitted in
response to this notice will be
summarized and 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
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
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17:43 Jun 23, 2016
Jkt 238001
(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: June 20, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2016–14939 Filed 6–23–16; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Survey of
Minority Owned Institutions
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 comment on a continuing
information collection, 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 OCC is soliciting comment
concerning a renewal of an information
collection titled, ‘‘Survey of Minority
Owned Institutions.’’
DATES: Comments must be submitted on
or before August 23, 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
email, if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0236, 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
SUMMARY:
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
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.
FOR FURTHER INFORMATION CONTACT:
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.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of the PRA (44 U.S.C.
3506(c)(2)(A)) requires Federal agencies
to provide a 60-day notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Survey of Minority Owned
Institutions.
OMB Control No.: 1557–0236.
Type of Review: Regular review.
Description: The OCC is committed to
assessing its efforts to provide
supervisory support, technical
assistance, education, and other
outreach to the minority-owned
institutions under its supervision, in
accordance with meeting the goals
prescribed under section 308 of the
Financial Institutions Reform, Recovery,
and Enforcement Act of 1989.1 To
perform this assessment, it is necessary
1 12
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U.S.C. 1463 note.
24JNN1
]]>Agencies
[Federal Register Volume 81, Number 122 (Friday, June 24, 2016)]
[Notices]
[Pages 41373-41374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-14939]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Real Estate Lending and Appraisals
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).
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 renewal of its information
collection titled, ``Real Estate Lending and Appraisals.''
DATES: Comments must be received by August 23, 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
email, if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0190, 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.
FOR FURTHER INFORMATION CONTACT: 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., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the OMB for each collection of
information that they conduct or sponsor. ``Collection of information''
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. Section
3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) requires Federal
agencies to provide a 60-day notice in the Federal Register concerning
each proposed collection of information, including each proposed
extension of an existing collection of information, before submitting
the collection to OMB for approval. To comply with this requirement,
the OCC is publishing notice of the proposed collection of information
set forth in this document.
Title: Real Estate Lending and Appraisals (12 CFR 34, 160, 164,
190).
OMB Control No.: 1557-0190.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: Twelve CFR parts 34 and 160 contain reporting and
recordkeeping requirements. Twelve CFR part 34, subpart B (Adjustable-
Rate Mortgages (ARM)), subpart E (Other Real Estate Owned (OREO)), and
part 160 contain reporting requirements. Twelve CFR part 34, subpart C
(Appraisal Requirements), subpart D (Real Estate Lending Standards),
and parts 160 and 164 contain recordkeeping requirements. Twelve CFR
190.4(h) contains a disclosure requirement concerning Federally-related
residential manufactured housing loans.
Twelve CFR part 34, subpart B, section 34.22(a) requires that for
ARM loans, the loan documentation must specify an index or combination
of indices to which changes in the interest rate will be linked.
Sections 34.22(b) and 160.35(d)(3) provide notice procedures to be used
when seeking to use an alternative index.
Twelve CFR 34.44 and 164.4 provide minimum standards for the
performance of real estate appraisals, including the
[[Page 41374]]
requirement that appraisals be written and contain sufficient
information and analysis to support the institution's decision to
engage in the transaction.
Twelve CFR 34.62, 160.101, and the related appendices require each
institution to adopt and maintain written policies that establish
appropriate limits and standards for extensions of credit that are
secured by liens on or interests in real estate or that are made for
the purpose of financing permanent improvements to real estate. Real
estate lending policies must be reviewed and approved by the
institution's board of directors at least annually.
Twelve CFR 34.84 requires that, after holding any real estate
acquired for future bank expansion for one year, a national bank must
state, by resolution or other official action, its plans for the use of
the property and make the resolution or other action available for
inspection by examiners. Sections 34.85 and 160.172 require that
national banks and Federal savings associations develop a prudent real
estate collateral evaluation policy to monitor the value of each parcel
of OREO in a manner consistent with prudent banking practice. Section
34.86 requires that national banks notify the appropriate OCC
supervisory office at least 30 days before making advances under a
development or improvement plan for OREO if the total investment in the
property will exceed 10 percent of the bank's capital and surplus.
Twelve CFR 190.4(h) requires that for Federally-related residential
manufactured housing loans, a creditor must provide a debtor a notice
of default 30 days prior to repossession, foreclosure, or acceleration.
Affected Public: Businesses or other for-profit.
Frequency of Response: On occasion.
Burden Estimates:
Estimated Number of Respondents: 1,023 national banks and 390
Federal savings associations.
Estimated Annual Burden: 94,512 burden hours.
Comments: Comments submitted in response to this notice will be
summarized and 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 OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the information
collection burden;
(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: June 20, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-14939 Filed 6-23-16; 8:45 am]
BILLING CODE 4810-33-P
