Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Real Estate Lending and Appraisals, 62973-62974 [2016-21741]

Download as PDF Federal Register / Vol. 81, No. 177 / Tuesday, September 13, 2016 / Notices Privacy Act: Anyone is able to search the electronic form of any written communications and comments received into any of our dockets by the name of the individual submitting the document (or signing the document, if submitted on behalf of an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement at https://www.dot.gov/ privacy. Docket: You may view the public docket through the Internet at https:// www.regulations.gov or in person at the Docket Operations office at the above address (see ADDRESSES). FOR FURTHER INFORMATION CONTACT: Mr. Rick Boyle, Engineering and Research Division, (202) 366–4545, Pipeline and Hazardous Materials Safety Administration, U.S. Department of Transportation, 1200 New Jersey Avenue SE., Washington, DC 20590– 0001. Lhorne on DSK30JT082PROD with NOTICES SUPPLEMENTARY INFORMATION: I. Background The IAEA works with its Member States and multiple partners worldwide to promote safe, secure, and peaceful nuclear technologies. The IAEA established and further maintains ‘‘Regulations for the Safe Transport of Radioactive Material’’ (SSR–6), which is an international standard promoting the safe and secure transportation of radioactive material. The IAEA periodically reviews and, as deemed appropriate, revises ‘‘Regulations for the Safe Transport of Radioactive Material’’ to reflect new information and accumulated experience. The DOT is the U.S. competent authority before the IAEA for radioactive material transportation matters. The NRC provides technical support to the DOT in this regard, particularly pertaining to Type B and fissile transportation packages. The IAEA has released, for a 120-day Member State review, a draft revision of SSR–6 intended for publication in 2018. To assure opportunity for public involvement in the international regulatory development process, PHMSA requests input from the public on the proposed revisions to SSR–6 and solicits comment only on the changes made between the published 2012 edition and the draft 2018 edition. The public docket for this notice contains a redline/strikeout version of the 2018 draft showing the changes from the 2012 version. Any comments made should refer to the relevant paragraph number in the draft 2018 edition and, when appropriate, include proposed VerDate Sep<11>2014 15:27 Sep 12, 2016 Jkt 238001 alternative text. Please note that to date, PHMSA has harmonized the U.S. domestic hazardous materials regulations in 49 CFR with the 2009 edition of the IAEA regulations, as revised in 2014 [Docket No. PHMSA– 2009–0063 (HM–250)]. The NRC is currently developing a rulemaking to harmonize with the 2012 edition of SSR–6. PHMSA may also develop a subsequent rulemaking to harmonize with the 2012 edition of SSR–6, but we are not currently considering adoption of the 2018 amendments. However, both the NRC and DOT will consider subsequent domestic compatibility rulemakings after IAEA’s final publication of the 2018 revised SSR–6. II. Public Participation The ADDRESSES section of this notice specifies methods and instructions for submitting comments. Comments must be submitted in writing (Microsoft Word file is the preferred format for electronic submissions) and should include the following: • Name; • Address; • Relevant paragraph number in the document being reviewed; and • When appropriate, proposed alternative text. Commenters may also provide contact information, such as a telephone number and/or email address. PHMSA and the NRC will review the comments received and, based in part on the information received, will develop comments on the revised draft of SSR–6 to be submitted to the IAEA. Issued in Washington, DC, on September 8, 2016. William S. Schoonover, Acting Associate Administrator for Hazardous Materials Safety, Pipeline and Hazardous Materials Safety Administration. [FR Doc. 2016–21960 Filed 9–12–16; 8:45 am] BILLING CODE 4910–60–P DEPARTMENT OF TRANSPORTATION Saint Lawrence Seaway Development Corporation Advisory Board; Notice of Meeting Pursuant to Section 10(a)(2) of the Federal Advisory Committee Act (Pub. L. 92–463; 5 U.S.C. App. I), notice is hereby given of a meeting of the Advisory Board of the Saint Lawrence Seaway Development Corporation (SLSDC). The meeting will be held from 2:00 p.m. to 4:00 p.m. (EDT) on Friday, September 30, 2016 via conference call at the SLSDC’s Policy Headquarters, 55 PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 62973 M Street SE., Suite 930, Washington, DC 20003. The agenda for this meeting will be as follows: Opening Remarks; Consideration of Minutes of Past Meeting; Quarterly Report; Old and New Business; Closing Discussion; Adjournment. Attendance at the meeting is open to the interested public but limited to the space available. With the approval of the Administrator, members of the public may present oral statements at the meeting. Persons wishing further information should contact, not later than Friday, September 23, 2016, Charles Wipperfurth, Deputy Chief of Staff, Saint Lawrence Seaway Development Corporation, 1200 New Jersey Avenue SE., Washington, DC 20590; 202–366–0091. Any member of the public may present a written statement to the Advisory Board at any time. Issued at Washington, DC, on September 7, 2016. Carrie Lavigne, Chief Counsel. [FR Doc. 2016–21915 Filed 9–12–16; 8:45 am] BILLING CODE 4910–61–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; 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.’’ The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be received by October 13, 2016. SUMMARY: E:\FR\FM\13SEN1.SGM 13SEN1 62974 Federal Register / Vol. 81, No. 177 / Tuesday, September 13, 2016 / Notices 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. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0190, 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: 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: The OCC is requesting that OMB approve the renewal of the 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. Lhorne on DSK30JT082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 15:27 Sep 12, 2016 Jkt 238001 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, § 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 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. PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 Burden Estimates: Estimated Number of Respondents: 1,023 national banks and 390 Federal savings associations. Estimated Annual Burden: 94,512 burden hours. Comments: On June 24, 2016, the OCC issued a 60-day notice soliciting comment on the collection, 81 FR 41373. 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 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: September 2, 2016. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2016–21741 Filed 9–12–16; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: The Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee will conduct an open meeting and will solicit public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Wednesday, October 12, 2016. FOR FURTHER INFORMATION CONTACT: Gretchen Swayzer at 1–888–912–1227 or 469–801–0769. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that a meeting of the Taxpayer SUMMARY: E:\FR\FM\13SEN1.SGM 13SEN1

Agencies

[Federal Register Volume 81, Number 177 (Tuesday, September 13, 2016)]
[Notices]
[Pages 62973-62974]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21741]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; 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.'' The OCC also 
is giving notice that it has sent the collection to OMB for review.

DATES: Comments must be received by October 13, 2016.

[[Page 62974]]


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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0190, 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: 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: The OCC is requesting that OMB approve the 
renewal of the 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, Sec.  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 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: On June 24, 2016, the OCC issued a 60-day notice 
soliciting comment on the collection, 81 FR 41373. 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 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: September 2, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2016-21741 Filed 9-12-16; 8:45 am]
 BILLING CODE 4810-33-P
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