Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Appraisals for Higher-Priced Mortgage Loans, 8259-8260 [2017-01436]
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Federal Register / Vol. 82, No. 14 / Tuesday, January 24, 2017 / Notices
for the District of Columbia or in the
Court of Appeals for the United States
for the circuit in which the petitioner
resides or has its principal place of
business, within 60 days after the
determination becomes final. 49 U.S.C.
5127(a).
Preemption determinations do not
address issues of preemption arising
under the Commerce Clause, the Fifth
Amendment or other provisions of the
Constitution, or statutes other than the
Federal hazardous material
transportation law unless it is necessary
to do so in order to determine whether
a requirement is authorized by another
Federal law, or whether a fee is ‘‘fair’’
within the meaning of 49 U.S.C.
5125(f)(1). A State, local or Indian tribe
requirement is not authorized by
another Federal law merely because it is
not preempted by another Federal
statute. Colorado Pub. Util. Comm’n v.
Harmon, above, 951 F.2d at 1581 n.10.
In making preemption determinations
under 49 U.S.C. 5125(d), PHMSA is
guided by the principles and policies set
forth in Executive Order No. 13132,
entitled ‘‘Federalism’’ (64 FR 43255
(Aug. 10, 1999)), and the President’s
May 20, 2009 memorandum on
‘‘Preemption’’ (74 FR 24693 (May 22,
2009)). Section 4(a) of that Executive
Order authorizes preemption of State
laws only when a statute contains an
express preemption provision, there is
other clear evidence Congress intended
to preempt State law, or the exercise of
State authority directly conflicts with
the exercise of Federal authority. The
President’s May 20, 2009 memorandum
sets forth the policy ‘‘that preemption of
State law by executive departments and
agencies should be undertaken only
with full consideration of the legitimate
prerogatives of the States and with a
sufficient legal basis for preemption.’’
Section 5125 contains express
preemption provisions, which PHMSA
has implemented through its
regulations.
sradovich on DSK3GMQ082PROD with NOTICES
IV. Public Comments
All comments should be directed to
whether 49 U.S.C. 5125 preempts a
hazardous waste regulation of the State
of Oregon that imposes a strict liability
standard on transporters. Comments
should specifically address the
preemption criteria discussed in Part II
above.
Issued in Washington, DC, on January 10,
2017.
Vasiliki Tsaganos,
Acting Chief Counsel.
[FR Doc. 2017–00788 Filed 1–23–17; 8:45 am]
BILLING CODE 4910–60–P
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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;
Appraisals for Higher-Priced Mortgage
Loans
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 the renewal of its
information collection titled
‘‘Appraisals for Higher-Priced Mortgage
Loans.’’ The OCC also is giving notice
that it has sent the collection to OMB for
review.
DATES: Comments must be submitted on
or before February 23, 2017.
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:
1557–0313, 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
SUMMARY:
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
8259
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, 1557–0313, 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.
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. The OCC
requests that OMB extend its approval
of the following collection:
Title: Appraisals for Higher-Priced
Mortgage Loans.
OMB Control No.: 1557–0313.
Type of Review: Regular.
Frequency of Response: On occasion.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,399.
Estimated Total Annual Burden:
19,946 hours.
Description:
This information collection relates to
section 1471 of the Dodd-Frank Act,
which added a new section 129H to the
Truth in Lending Act (TILA)
establishing special appraisal
requirements for ‘‘higher-risk
mortgages.’’ For certain mortgages with
an annual percentage rate that exceeds
the average prime offer rate by a
specified percentage, creditors must
obtain an appraisal or appraisals
meeting certain specified standards,
provide applicants with a notification
regarding the use of the appraisals, and
give applicants a copy of the written
appraisals used. The statute permits the
OCC to issue a rule to include
exemptions from these requirements.
The OCC implemented these
SUPPLEMENTARY INFORMATION:
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sradovich on DSK3GMQ082PROD with NOTICES
8260
Federal Register / Vol. 82, No. 14 / Tuesday, January 24, 2017 / Notices
requirements and exemptions thereto in
2013.1
The information collection
requirements are found in 12 CFR
34.203(c) through (f). This information
is required to protect consumers and
promote the safety and soundness of
creditors making higher-priced mortgage
loans (HPMLs) subject to 12 CFR part
34, subpart G. This information is used
by creditors to evaluate real estate
collateral securing HPMLs subject to 12
CFR 1026.35(c) and by consumers
entering these transactions. The
collections of information are
mandatory for creditors making HPMLs
subject to 12 CFR part 34, subpart G.
Under 12 CFR 34.203(e) and (f), a
creditor must, no later than the third
business day after the creditor receives
a consumer’s application for an HPML,
provide a disclosure to the consumer
that informs the consumer of the
purpose of the appraisal, that the
creditor will provide the consumer with
a copy of any appraisal, and that the
consumer may choose to have a separate
appraisal conducted at the expense of
the consumer (Initial Appraisal
Disclosure). If a loan is an HPML subject
to 12 CFR 1026.35(c), then the creditor
is required to obtain a written appraisal
prepared by a certified or licensed
appraiser who conducts a physical visit
of the interior of the property that will
secure the transaction (Written
Appraisal) and provide a copy of the
Written Appraisal to the consumer.
Under 12 CFR 34.203(d)(1), a creditor is
required to obtain an additional
appraisal (Additional Written
Appraisal) for an HPML that is subject
to 12 CFR part 34, subpart G if: (1) The
seller acquired the property securing the
loan 90 or fewer days prior to the date
of the consumer’s agreement to acquire
the property and the resale price
exceeds the seller’s acquisition price by
more than 10 percent; or (2) the seller
acquired the property securing the loan
91 to 180 days prior to the date of the
consumer’s agreement to acquire the
property and the resale price exceeds
the seller’s acquisition price by more
than 20 percent.
Under 12 CFR 34.203(d)(3) and (4),
the Additional Written Appraisal must
meet the requirements described in 12
CFR 34.203(c)(1) and also include an
analysis of: (1) The difference between
the price at which the seller acquired
the property and the price the consumer
agreed to pay; (2) changes in market
conditions between the date the seller
acquired the property and the date the
consumer agreed to acquire the
1 78 FR 10368 (February 13, 2013) and 78 FR
78519 (December 26, 2013).
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19:36 Jan 23, 2017
Jkt 241001
property; and (3) any improvements
made to the property between the date
the seller acquired the property and the
date on which the consumer agreed to
acquire the property. Under 12 CFR
34.203(f), a creditor is required to
provide a copy of any Additional
Written Appraisal to the consumer.
Comments: On November 4, 2016, the
OCC issued a 60-day notice soliciting
comment on the information collection,
81 FR 77001. 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: January 17, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2017–01436 Filed 1–23–17; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Sanctions Actions Pursuant to
Executive Orders 13382, 13572, 13573,
and 13582.
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of seven persons whose property and
interests in property are blocked
pursuant to Executive Order (E.O.)
13382, five persons whose property and
interests in property are blocked
pursuant to E.O. 13572, five persons
whose property and interests in
property are blocked pursuant to E.O.
13573, one person whose property and
interests in property are blocked
pursuant to E.O. 13582, and five entities
SUMMARY:
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
identified as the Government of Syria
pursuant to E.O. 13582.
DATES: OFAC’s actions described in this
notice were effective on January 12,
2017, as further specified below.
FOR FURTHER INFORMATION CONTACT: The
Department of the Treasury’s Office of
Foreign Assets Control: Assistant
Director for Licensing, tel.: 202–622–
2480, Assistant Director for Regulatory
Affairs, tel.: 202–622–4855, Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490; or the
Department of the Treasury’s Office of
the Chief Counsel (Foreign Assets
Control), Office of the General Counsel,
tel.: 202–622–2410.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s Web
site (www.treas.gov/ofac).
Notice of OFAC Actions
On January 12, 2017, OFAC blocked
the property and interests in property of
the following seven persons pursuant to
E.O. 13382, ‘‘Blocking Property of
Weapons of Mass Destruction
Proliferators and Their Supporters’’:
Individuals
1. ABBAS, Ghassan; DOB 10 Mar 1960;
Scientific Studies and Research Center
Brigadier General (individual) [NPWMD]
(Linked To: SCIENTIFIC STUDIES AND
RESEARCH CENTER).
2. AHMAD, Firas; DOB 21 Jan 1967;
Scientific Studies and Research Center
Colonel (individual) [NPWMD] (Linked To:
SCIENTIFIC STUDIES AND RESEARCH
CENTER).
3. DABUL, Samir; DOB 04 Sep 1965;
Scientific Studies and Research Center
Brigadier General (individual) [NPWMD]
(Linked To: SCIENTIFIC STUDIES AND
RESEARCH CENTER).
4. HAWRANI, Habib; DOB 25 Mar 1969;
Scientific Studies and Research Center
Colonel (individual) [NPWMD] (Linked To:
SCIENTIFIC STUDIES AND RESEARCH
CENTER).
5. HAYDAR, Zuhayr; DOB 18 Dec 1965;
Scientific Studies and Research Center
Colonel (individual) [NPWMD] (Linked To:
SCIENTIFIC STUDIES AND RESEARCH
CENTER).
6. WANUS, Ali; DOB 05 Feb 1964;
Scientific Studies and Research Center
Brigadier General (individual) [NPWMD]
(Linked To: SCIENTIFIC STUDIES AND
RESEARCH CENTER).
7. BITAR, Bayan (a.k.a. AL–BITAR, Bayan),
PO Box 11037, Damascus, Syria; DOB 08 Mar
1947; Managing Director of the Organization
for Technological Industries (individual)
[NPWMD] (Linked To: ORGANIZATION FOR
TECHNOLOGICAL INDUSTRIES).
E:\FR\FM\24JAN1.SGM
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]]>Agencies
[Federal Register Volume 82, Number 14 (Tuesday, January 24, 2017)]
[Notices]
[Pages 8259-8260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-01436]
=======================================================================
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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; Appraisals for Higher-Priced
Mortgage Loans
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 the renewal of its
information collection titled ``Appraisals for Higher-Priced Mortgage
Loans.'' The OCC also is giving notice that it has sent the collection
to OMB for review.
DATES: Comments must be submitted on or before February 23, 2017.
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: 1557-0313, 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, 1557-0313, 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: 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. The OCC requests
that OMB extend its approval of the following collection:
Title: Appraisals for Higher-Priced Mortgage Loans.
OMB Control No.: 1557-0313.
Type of Review: Regular.
Frequency of Response: On occasion.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,399.
Estimated Total Annual Burden: 19,946 hours.
Description:
This information collection relates to section 1471 of the Dodd-
Frank Act, which added a new section 129H to the Truth in Lending Act
(TILA) establishing special appraisal requirements for ``higher-risk
mortgages.'' For certain mortgages with an annual percentage rate that
exceeds the average prime offer rate by a specified percentage,
creditors must obtain an appraisal or appraisals meeting certain
specified standards, provide applicants with a notification regarding
the use of the appraisals, and give applicants a copy of the written
appraisals used. The statute permits the OCC to issue a rule to include
exemptions from these requirements. The OCC implemented these
[[Page 8260]]
requirements and exemptions thereto in 2013.\1\
---------------------------------------------------------------------------
\1\ 78 FR 10368 (February 13, 2013) and 78 FR 78519 (December
26, 2013).
---------------------------------------------------------------------------
The information collection requirements are found in 12 CFR
34.203(c) through (f). This information is required to protect
consumers and promote the safety and soundness of creditors making
higher-priced mortgage loans (HPMLs) subject to 12 CFR part 34, subpart
G. This information is used by creditors to evaluate real estate
collateral securing HPMLs subject to 12 CFR 1026.35(c) and by consumers
entering these transactions. The collections of information are
mandatory for creditors making HPMLs subject to 12 CFR part 34, subpart
G.
Under 12 CFR 34.203(e) and (f), a creditor must, no later than the
third business day after the creditor receives a consumer's application
for an HPML, provide a disclosure to the consumer that informs the
consumer of the purpose of the appraisal, that the creditor will
provide the consumer with a copy of any appraisal, and that the
consumer may choose to have a separate appraisal conducted at the
expense of the consumer (Initial Appraisal Disclosure). If a loan is an
HPML subject to 12 CFR 1026.35(c), then the creditor is required to
obtain a written appraisal prepared by a certified or licensed
appraiser who conducts a physical visit of the interior of the property
that will secure the transaction (Written Appraisal) and provide a copy
of the Written Appraisal to the consumer. Under 12 CFR 34.203(d)(1), a
creditor is required to obtain an additional appraisal (Additional
Written Appraisal) for an HPML that is subject to 12 CFR part 34,
subpart G if: (1) The seller acquired the property securing the loan 90
or fewer days prior to the date of the consumer's agreement to acquire
the property and the resale price exceeds the seller's acquisition
price by more than 10 percent; or (2) the seller acquired the property
securing the loan 91 to 180 days prior to the date of the consumer's
agreement to acquire the property and the resale price exceeds the
seller's acquisition price by more than 20 percent.
Under 12 CFR 34.203(d)(3) and (4), the Additional Written Appraisal
must meet the requirements described in 12 CFR 34.203(c)(1) and also
include an analysis of: (1) The difference between the price at which
the seller acquired the property and the price the consumer agreed to
pay; (2) changes in market conditions between the date the seller
acquired the property and the date the consumer agreed to acquire the
property; and (3) any improvements made to the property between the
date the seller acquired the property and the date on which the
consumer agreed to acquire the property. Under 12 CFR 34.203(f), a
creditor is required to provide a copy of any Additional Written
Appraisal to the consumer.
Comments: On November 4, 2016, the OCC issued a 60-day notice
soliciting comment on the information collection, 81 FR 77001. 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: January 17, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-01436 Filed 1-23-17; 8:45 am]
BILLING CODE 4810-33-P
