Final Redesigned Uniform Residential Loan Application Status Under Regulation B, 55810-55829 [2017-25434]

Download as PDF 55810 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices narrative including graphs and charts and submitting reports electronically including an electronic signature. Under SLIGP 2.0, NTIA will not require that grantees provide quarterly to baseline progress comparisons and has reduced narrative reporting as compared to SLIGP 1.0 reporting requirements. NTIA has determined that grantees may include graphs and charts to complement required quarterly reporting, and electronic signatures of authorized officials are acceptable for certification purposes. While using an on-line portal may be advantageous, the limited amount and frequency of data to be collected over the duration of the SLIGP 2.0 grant period of performance and the associated costs of establishing an electronic on-line portal mechanism makes such an investment prohibitive. The publication of this notice allows NTIA to begin the process to request OMB approval to collect information under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35). Affected Public: State, regional, local and tribal government organizations. Frequency: Quarterly. Respondent’s Obligation: This information collection request may be viewed at reginfo.gov. Follow the instructions to view Department of Commerce collections currently under review by OMB. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to OIRA_Submission@ omb.eop.gov or fax to (202) 395–5806. Sheleen Dumas, PRA Department Lead, Office of the Chief Information Officer. [FR Doc. 2017–25389 Filed 11–22–17; 8:45 am] BILLING CODE 3510–60–P BUREAU OF CONSUMER FINANCIAL PROTECTION Final Redesigned Uniform Residential Loan Application Status Under Regulation B Bureau of Consumer Financial Protection. ACTION: Bureau official approval. AGENCY: The Bureau of Consumer Financial Protection is publishing a notice pursuant to section 706(e) of the Equal Credit Opportunity Act concerning the update of the redesigned Uniform Residential Loan Application to include an applicant language preference question. DATES: This official approval is issued November 20, 2017. sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 FOR FURTHER INFORMATION CONTACT: Marta Tanenhaus and James Wylie, Senior Counsels, Office of Regulations, Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 20552, at 202–435–7700. SUPPLEMENTARY INFORMATION: I. Background The Bureau of Consumer Financial Protection (Bureau) administers the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691, et seq. and its implementing regulation, Regulation B, 12 CFR part 1002. Section 706(e) of ECOA, as amended, provides that no provision of ECOA imposing liability shall apply to any act done or omitted in good faith in conformity with any official rule, regulation, or interpretation thereof by the Bureau or in conformity with any interpretation or approval by an official or employee of the Bureau duly authorized by the Bureau to issue such an interpretation or approval. This notice (Bureau official approval) constitutes such an interpretation or approval, and therefore section 706(e) protects a creditor from civil liability under ECOA for any act done or omitted in good faith in conformity with this notice. The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association (collectively, the Enterprises), under the conservatorship of the Federal Housing Finance Agency (FHFA), issued a revised and redesigned Uniform Residential Loan Application on August 23, 2016 (redesigned URLA). That issuance was part of the effort of these entities to update the Uniform Loan Application Dataset (ULAD) in conjunction with the redesigned URLA. Bureau staff reviewed the redesigned URLA in accordance with the request by FHFA and the Enterprises for a Bureau official approval of the redesigned URLA under ECOA and Regulation B, and the Bureau issued a Bureau official approval notice on September 23, 2016, which was published in the Federal Register on September 29, 2016.1 That notice states that Bureau staff determined that the relevant language in the redesigned URLA is in compliance with the regulatory provisions of Regulation B § 1002.5(b) through (d), regarding requests for protected applicant-characteristic information and certain other information. The notice also recognizes that the use of the redesigned URLA by creditors is not 1 81 FR 66930 (Sept. 29, 2016), https:// www.federalregister.gov/documents/2016/09/29/ 2016-23555/status-of-new-uniform-residential-loanapplication-and-collection-of-expanded-homemortgage. The redesigned URLA is attached to the notice. PO 00000 Frm 00012 Fmt 4703 Sfmt 4703 required under Regulation B. The notice goes on to state that a creditor that uses the redesigned URLA without any modification that would violate § 1002.5(b) through (d) would act in compliance with § 1002.5(b) through (d). On November 17, 2017, the Enterprises, under the conservatorship of the FHFA, issued an update to the redesigned URLA that included, among other modifications, an additional question concerning an applicant’s language preference (final redesigned URLA).2 Bureau staff has reviewed the final redesigned URLA, including the additional language preference question, in accordance with the request by FHFA for a Bureau official approval under ECOA and Regulation B. Bureau staff specifically reviewed the question with respect to Regulation B § 1002.5(b) concerning requests for information about national origin. II. Bureau Official Approval Bureau staff has determined that the final redesigned URLA is in compliance with § 1002.5(b) through (d).3 A creditor’s use of the final redesigned URLA without any modification that would violate § 1002.5(b) through (d) would act in compliance with § 1002.5(b) through (d). Bureau staff has also determined that because the substance and form of section 7 of the final redesigned URLA is substantially similar to the form the Bureau provides as a model form in Regulation C, the final redesigned URLA may be used in complying with § 1002.13.4 A creditor’s 2 See final redesigned URLA (Borrower Information, Additional Borrower, Unmarried Addendum, Lender Loan Information, Continuation Sheet, and Demographic Information Addendum) attached to this notice under Section IV. See also https://www.fanniemae.com/singlefamily/uniformresidential-loan-application and http:// www.freddiemac.com/singlefamily/sell/ulad.html. 3 Regulation B § 1002.5(b) provides rules concerning requests for information about race, color, religion, national origin, or sex. Section 1002.5(c) provides rules concerning requests for information about a spouse or former spouse. Section 1002.5(d) provides rules concerning requests for information regarding marital status; income from alimony, child support, or separate maintenance; and childbearing or childrearing. 4 Regulation C implements the Home Mortgage Disclosure Act (HMDA). See Regulation C, 12 CFR part 1003, appendix B, Sample Data Collection Form. Effective January 1, 2018, Regulation B § 1002.13(a) comment 7 provides that, ‘‘[f]or applications subject to § 1002.13(a)(1), a creditor that collects information about the ethnicity, race, and sex of an applicant in compliance with the requirements of appendix B to 12 CFR part 1003 is acting in compliance with § 1002.13 concerning the collection of an applicant’s ethnicity, race, and sex information.’’ See Amendments to Equal Credit Opportunity Act (Regulation B) Ethnicity and Race Information Collection, 82 FR 45680, 45689 (Oct. 2, 2017). E:\FR\FM\24NON1.SGM 24NON1 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices use of the final redesigned URLA is not required under Regulation B. The issuance of this Bureau official approval has been duly authorized by the Director of the Bureau and provides the protection afforded under section 706(e) of ECOA. III. Regulatory Requirements sradovich on DSK3GMQ082PROD with NOTICES This Bureau official approval is an approval or interpretation exempt from notice and comment rulemaking requirements under the Administrative Procedure Act. See 5 U.S.C. 551, 553(b). Because no notice of proposed VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 rulemaking is required, the Regulatory Flexibility Act does not require an initial or final regulatory flexibility analysis. 5 U.S.C. 603(a), 604(a). The Bureau has determined that this notice does not impose any new or revise any existing recordkeeping, reporting, or disclosure requirements on covered entities or members of the public that would be collections of information requiring approval from the Office of Management and Budget (OMB) under the Paperwork Reduction Act, 44 U.S.C. 3501, et seq. PO 00000 Frm 00013 Fmt 4703 Sfmt 4703 55811 The existing information collections required by ECOA and Regulation B have been approved by OMB under OMB Control #3170–0013, and the information collections for HMDA and Regulation C are approved under OMB Control #3170–0008. The Bureau’s approval of the updated redesigned URLA does not add or alter any information collections approved under either rule. IV. Final Redesigned Uniform Residential Loan Application BILLING CODE 4810–AM–P E:\FR\FM\24NON1.SGM 24NON1 55812 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Uniform Residential loan Application Borrower must incomelmrn languagel"ref~{:e- Yaw lo&l transaction is likely to be conducted in Please b<: Engli5h. Thl< que<tion reque<ts information to see If communicMinns lat1S1Uoge. VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00014 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.000</GPH> sradovich on DSK3GMQ082PROD with NOTICES do not wish to respond Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55813 Empl<>y<i!r or Bu•iness Name ---~~--~~----~---~~~-~------~-----~--~--~ Street -----------------~---------~----~----------------~--~-----------------~-~-----------~--~-----Cit)' itilifJij§!BJ:iiJMilj·l§fJffii.\i@ifiiJI§'HIIj&ibb@jl§di,iitJ!jMfili.\ilfA Do"s n<>tapply Provide at least 2 yeal'!l of wrrent and previous employment "nd income. Employer or Business Name ____~~~~~~----~---------- Previous Groos Monthly Income $_ _ _ _ _ _ _ Position or Title VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00015 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.001</GPH> sradovich on DSK3GMQ082PROD with NOTICES StartDat<> 55814 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Account Typ<t- t~si! list abovi? l'inan<ialln•tll:ution AccountNurnbw Ciish or Market 'lllllu .. s $ s $ s Provide TOTAl Amount H~ $ lndude all othelillbilititi 1md <!>l<p<tn$<1!:$ b'<llow, Choo$111 from thetyp..$list<!<d hti'<!>: VerDate Sep<11>2014 ·(hildSU!>!J<IIl 18:19 Nov 22, 2017 ·"' Jkt 244001 ·''" PO 00000 ·lnhf1<•icJtedt•P"''"'' Frm 00016 Fmt 4703 Monthl~ ·\llhN Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 Pa)lment EN24NO17.002</GPH> sradovich on DSK3GMQ082PROD with NOTICES ·1\linwny Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55815 Section l: financial Information fdcn<>f<>wnanynmles~~ what you iiiJ4ijij!tftH!i¥liil·'dM#IiiiijiiMM.fft*i'iji.!p VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00017 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.003</GPH> sradovich on DSK3GMQ082PROD with NOTICES Address 55816 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Creditor Name lien VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00018 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.004</GPH> sradovich on DSK3GMQ082PROD with NOTICES lndude all gifts and grimb below, Under Source, dloose from the sources listed l'uu·e; Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 and your past Frm 00019 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.005</GPH> sradovich on DSK3GMQ082PROD with NOTICES Section S: Declarations. This 55817 55818 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Section 6: Acknowledgments and Agreements. obligations when By signing below, I agree to, ad<nowledge, ami represent the following statflll..nts abot~t: {1) The Complo~:te ll'lfotmatioo f« this Applio::ation is tme, accurate, • The information (6} Use and Sharing of lnfotmation VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00020 Fmt 4703 and ad'""'"'l'>ckte Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.006</GPH> sradovich on DSK3GMQ082PROD with NOTICES l Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55819 Section 7: Demographic Information. d..,;iqinatiorl< iit>r "Rae"" The I""' provid"s that"'" may not discriminate on th" basis aHhis information, or on choMe not to pro,ide the appllcation in per~on, Fe:leral "u""'"'"'· s<!x, and rat€!' on the provides that we may not status inform<Ition you provide in this or all of this VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 - PrintnametifenroJle:d PO 00000 Frm 00021 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.007</GPH> sradovich on DSK3GMQ082PROD with NOTICES Ethniciey: Check mw or mote Hisp,nic or Utino 55820 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Uniform Residential Loan Application - Additional Borrower Verify and complete the information on this applk ..tlon as dlro.~<ted by your Lender. Section 1: Borrower Information. This section asks about If at Cum~~nt Address for lESS than l years, list Former Address income from o.,es ll"t apply Str..,l language Preference- Your l<><m transaction islik.ely to be conducted in English. Thisqu.,<tioo req~<t< inform~tion to'""' if mn~munic8!1ons Please b<? VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00022 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.008</GPH> sradovich on DSK3GMQ082PROD with NOTICES do not wish to respond Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55821 VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00023 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.009</GPH> sradovich on DSK3GMQ082PROD with NOTICES LI D""s n<>t apply 55822 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Section 3: financial Information - Real Estate. Re~idential is section asks you S}J!.'Cilk questrons about ACll<nc:.waecage~m,en1ts and Agreements. sradovich on DSK3GMQ082PROD with NOTICES Residential loan VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 and yow past Frm 00024 Annlil'.,ti:cm Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.010</GPH> My Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55823 Section 7: Demographic Information. The purpose ofcoll...:ting tills information is to help <ln>l.lre that all and neiohbo.t'hooos Etllnicity' Cht'Ck one or more H isp11nic or Latino VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00025 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.011</GPH> sradovich on DSK3GMQ082PROD with NOTICES Section 8: loan Originator Information. 55824 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Uniform Residential Loan Application - Unmarried Addendum Reciprocal Be1neficiary flela1tiorlshio VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00026 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.012</GPH> sradovich on DSK3GMQ082PROD with NOTICES State: Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55825 VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00027 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.013</GPH> sradovich on DSK3GMQ082PROD with NOTICES Esta~ Will be Held in 55826 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices ¥1·'1·&111+1Mil1 §11\1hhi11"d§·''''*·lltd!¥N:Mi 1 lfVES: (1) WhaUormat wa• (2) Who provided it: HL!O~apprtl\•edagency, provide Housing Counseling HllD-aormlV<Jd agency, or unsure of HUD approval, Collloseli!m'! Agency ___________ --------~--~---------------~--- 1-A• the s-w<sl wmplet<!d housing wun,.ellng !customized counselor--to-dimt servlc<!Sl within the laot 1:2 m<>nths? 0 NO 0 YES If YES: Whatformatwas it in: {Check the mo<t rec!!Cnt) 0 Fac<Ho~Face Telephone Who provided it: VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00028 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.014</GPH> sradovich on DSK3GMQ082PROD with NOTICES HUD-appmv<>d agency, Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices 55827 Borrow<~'r N<>m<!! (fint. Middte, Addition,.llnforrn,.tion VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00029 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.015</GPH> sradovich on DSK3GMQ082PROD with NOTICES Additional BortoW<l!' Narni!' {FitS(, Middlf', Lt<sl; Suffix) ------------------------------------------------------ ________________________ --~--------------------------Additionallnf<>m!llti<>n 55828 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Demographic Information Addendum. This The purpo•~H>holle.:tin!l this information race. ensure that all needs of communities for their demogr,Jphk ord<>r to monitor ourcompli~nce with equal Cf<>dil home mortgage information, but are encouraged to do><>. You may select one or more des~gnations for The law provides that W«!: may not discriminate on the information, or on if you choose not to in person, Fe,deral race on the that W€! may inf,~rn'·'tkm you provide in this or all of this for reosicleontial mortgage lending, and Ethnidty: Check one or more VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 PO 00000 Frm 00030 Fmt 4703 Sfmt 4725 E:\FR\FM\24NON1.SGM 24NON1 EN24NO17.016</GPH> sradovich on DSK3GMQ082PROD with NOTICES Hispanic or Latino Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Dated: November 20, 2017. David Silberman, Acting Deputy Director of the Bureau and Associate Director, Division of Research, Markets, and Regulations, Bureau of Consumer Financial Protection. [FR Doc. 2017–25434 Filed 11–22–17; 8:45 am] BILLING CODE 4810–AM–C DEPARTMENT OF DEFENSE Office of the Secretary Reserve Forces Policy Board; Notice of Federal Advisory Committee Meeting Under Secretary of Defense for Personnel and Readiness, Department of Defense. ACTION: Notice of Federal Advisory Committee meeting. AGENCY: The Department of Defense (DoD) is publishing this notice to announce that the following Federal Advisory Committee meeting of the Reserve Forces Policy Board (RFPB) will take place. DATES: The RFPB will hold a meeting on Wednesday, December 13, 2017 from 8:10 a.m. to 3:50 p.m. The portion of the meeting from 8:10 a.m. to 12:05 p.m. will be closed to the public. The portion of the meeting from 1:00 p.m. to 3:50 p.m. will be open to the public. ADDRESSES: The RFPB meeting address is the Pentagon, Room 3E863, Arlington, VA. FOR FURTHER INFORMATION CONTACT: Alexander Sabol, (703) 681–0577 (Voice), 703–681–0002 (Facsimile), Alexander.J.Sabol.Civ@Mail.Mil (Email). Mailing address is Reserve Forces Policy Board, 5113 Leesburg Pike, Suite 601, Falls Church, VA 22041. Web site: http://rfpb.defense.gov/. The most upto-date changes to the meeting agenda can be found on the Web site. SUPPLEMENTARY INFORMATION: This meeting is being held under the provisions of the Federal Advisory Committee Act (FACA) of 1972 (5 U.S.C., Appendix, as amended), the Government in the Sunshine Act of 1976 (5 U.S.C. 552b, as amended), and 41 CFR 102–3.140 and 102–3.150. Purpose of the Meeting: The purpose of the meeting is to obtain, review, and evaluate information related to strategies, policies, and practices designed to improve and enhance the capabilities, efficiency, and effectiveness of the Reserve Components. Agenda: The RFPB will hold a meeting from 8:10 a.m. to 3:50 p.m. The portion of the meeting from 8:10 a.m. to sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 12:05 p.m. will be closed to the public and will consist of remarks to the RFPB from following invited speakers: The Deputy Secretary of Defense will address key national military strategy challenges facing our Nation and priorities for adapting the force and the use of the Reserve Components to accomplish these challenges. The Commander, U.S. Northern Command will discuss the readiness, availability, and use of the National Guard and Reserve within the Northern Command with their increased emphasis on the homeland security missions for the Reserve Component members. The Acting Secretary of the U.S. Army will discuss the Army’s posture, status on the Report of the National Commission on the Future of the Army recommendations, and plans to adapt the Total Army to meet future challenges. The Institute for Defense Analysis (IDA) will brief the findings of the current IDA study on the Reserve Components performance during Operation Enduring Freedom. Major General Sheila Zuehlke, USAFR (Retired), Subcommittee on Enhancing DoD’s Role in the Homeland Board Member and RADML David Dermanelian, USCG, J7, Director, Exercises and Training, USCYBERCOM will discuss the USCYBERCOM’s Service’s cyber training and certification program, and the use of the National Guard and Reserve to meet the cyber threats. The portion of the meeting from 1:00 p.m. to 3:50 p.m. will be open to the public and will consist of briefings from the following: The Chief of the Air Force Reserve will discuss the Air Force Reserve goals, readiness objectives, and challenges for the ‘‘Operational Reserve’’ as part of the Total Force. The Adjutant General of Texas National Guard and the Director of the Joint Staff, Joint Force Headquarters of Texas National Guard will discuss the recent Texas domestic operations involving the Texas National Guard during Hurricane Harvey. The National Chair, Employer Support of the Guard and Reserve will discuss the Employer Support of the Guard and Reserve’s mission of facilitating and promoting a cooperative culture of employer support for National Guard and Reserve. The Chair of the RFPB’s Subcommittee on Supporting & Sustaining Reserve Component Personnel will present to the RFPB the subcommittee’s proposed recommendations to the Secretary of Defense concerning the OUSD P&R Duty Status Reform proposal and the cosponsored National Guard Bureau’s and OASD Manpower & Reserve Affairs PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 55829 Reserve Integration’s study on the Reserve Component Travel Pay. Meeting Accessibility: Pursuant to section 10(a)(1) of the FACA and 41 CFR 102–3.140 through 102–3.165, and subject to the availability of space, the meeting is open to the public from 1:00 p.m. to 3:50 p.m. Seating is on a firstcome, first-served basis. All members of the public who wish to attend the public meeting must contact Mr. Alex Sabol, the Designated Federal Officer, no later than 12:00 p.m. on Tuesday, December 12, 2017, as listed in the FOR FURTHER INFORMATION CONTACT section to make arrangements for a Pentagon escort, if necessary. Public attendees requiring escort should arrive at the Pentagon Metro Entrance at 12:30 p.m. to provide sufficient time to complete security screening to attend the beginning of the Open Meeting at 1:00 p.m. on December 13. To complete the security screening, please be prepared to present two forms of identification. One must be a picture identification card. In accordance with section 10(d) of the FACA, 5 U.S.C. 552b(c), and 41 CFR 102–3.155, the DoD has determined that the portion of this meeting scheduled to occur from 8:10 a.m. to 12:05 p.m. will be closed to the public. Specifically, the Under Secretary of Defense (Personnel and Readiness), in coordination with the Department of Defense FACA Attorney, has determined in writing that this portion of the meeting will be closed to the public because it is likely to disclose classified matters covered by 5 U.S.C. 552b(c)(1). Written Statements: Pursuant to section 10(a)(3) of the FACA and 41 CFR 102–3.105(j) and 102–3.140, interested persons may submit written statements to the RFPB about its approved agenda or at any time on the RFPB’s mission. Written statements should be submitted to the RFPB’s Designated Federal Officer at the address, email, or facsimile number listed in the FOR FURTHER INFORMATION CONTACT section. If statements pertain to a specific topic being discussed at the planned meeting, then these statements must be submitted no later than five (5) business days prior to the meeting in question. Written statements received after this date may not be provided to or considered by the RFPB until its next meeting. The Designated Federal Officer will review all timely submitted written statements and provide copies to all the RFPB members before the meeting that is the subject of this notice. Please note that since the RFPB operates under the provisions of the FACA, all submitted comments and public presentations will be treated as public documents and will be made available for public inspection, E:\FR\FM\24NON1.SGM 24NON1

Agencies

[Federal Register Volume 82, Number 225 (Friday, November 24, 2017)]
[Notices]
[Pages 55810-55829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25434]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Final Redesigned Uniform Residential Loan Application Status 
Under Regulation B

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Bureau official approval.

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SUMMARY: The Bureau of Consumer Financial Protection is publishing a 
notice pursuant to section 706(e) of the Equal Credit Opportunity Act 
concerning the update of the redesigned Uniform Residential Loan 
Application to include an applicant language preference question.

DATES: This official approval is issued November 20, 2017.

FOR FURTHER INFORMATION CONTACT: Marta Tanenhaus and James Wylie, 
Senior Counsels, Office of Regulations, Consumer Financial Protection 
Bureau, 1700 G Street NW., Washington, DC 20552, at 202-435-7700.

SUPPLEMENTARY INFORMATION:

I. Background

    The Bureau of Consumer Financial Protection (Bureau) administers 
the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691, et seq. and 
its implementing regulation, Regulation B, 12 CFR part 1002. Section 
706(e) of ECOA, as amended, provides that no provision of ECOA imposing 
liability shall apply to any act done or omitted in good faith in 
conformity with any official rule, regulation, or interpretation 
thereof by the Bureau or in conformity with any interpretation or 
approval by an official or employee of the Bureau duly authorized by 
the Bureau to issue such an interpretation or approval. This notice 
(Bureau official approval) constitutes such an interpretation or 
approval, and therefore section 706(e) protects a creditor from civil 
liability under ECOA for any act done or omitted in good faith in 
conformity with this notice.
    The Federal Home Loan Mortgage Corporation and the Federal National 
Mortgage Association (collectively, the Enterprises), under the 
conservatorship of the Federal Housing Finance Agency (FHFA), issued a 
revised and redesigned Uniform Residential Loan Application on August 
23, 2016 (redesigned URLA). That issuance was part of the effort of 
these entities to update the Uniform Loan Application Dataset (ULAD) in 
conjunction with the redesigned URLA. Bureau staff reviewed the 
redesigned URLA in accordance with the request by FHFA and the 
Enterprises for a Bureau official approval of the redesigned URLA under 
ECOA and Regulation B, and the Bureau issued a Bureau official approval 
notice on September 23, 2016, which was published in the Federal 
Register on September 29, 2016.\1\ That notice states that Bureau staff 
determined that the relevant language in the redesigned URLA is in 
compliance with the regulatory provisions of Regulation B Sec.  
1002.5(b) through (d), regarding requests for protected applicant-
characteristic information and certain other information. The notice 
also recognizes that the use of the redesigned URLA by creditors is not 
required under Regulation B. The notice goes on to state that a 
creditor that uses the redesigned URLA without any modification that 
would violate Sec.  1002.5(b) through (d) would act in compliance with 
Sec.  1002.5(b) through (d).
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    \1\ 81 FR 66930 (Sept. 29, 2016), https://www.federalregister.gov/documents/2016/09/29/2016-23555/status-of-new-uniform-residential-loan-application-and-collection-of-expanded-home-mortgage. The redesigned URLA is attached to the notice.
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    On November 17, 2017, the Enterprises, under the conservatorship of 
the FHFA, issued an update to the redesigned URLA that included, among 
other modifications, an additional question concerning an applicant's 
language preference (final redesigned URLA).\2\ Bureau staff has 
reviewed the final redesigned URLA, including the additional language 
preference question, in accordance with the request by FHFA for a 
Bureau official approval under ECOA and Regulation B. Bureau staff 
specifically reviewed the question with respect to Regulation B Sec.  
1002.5(b) concerning requests for information about national origin.
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    \2\ See final redesigned URLA (Borrower Information, Additional 
Borrower, Unmarried Addendum, Lender Loan Information, Continuation 
Sheet, and Demographic Information Addendum) attached to this notice 
under Section IV. See also https://www.fanniemae.com/singlefamily/uniform-residential-loan-application and http://www.freddiemac.com/singlefamily/sell/ulad.html.
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II. Bureau Official Approval

    Bureau staff has determined that the final redesigned URLA is in 
compliance with Sec.  1002.5(b) through (d).\3\ A creditor's use of the 
final redesigned URLA without any modification that would violate Sec.  
1002.5(b) through (d) would act in compliance with Sec.  1002.5(b) 
through (d). Bureau staff has also determined that because the 
substance and form of section 7 of the final redesigned URLA is 
substantially similar to the form the Bureau provides as a model form 
in Regulation C, the final redesigned URLA may be used in complying 
with Sec.  1002.13.\4\ A creditor's

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use of the final redesigned URLA is not required under Regulation B.
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    \3\ Regulation B Sec.  1002.5(b) provides rules concerning 
requests for information about race, color, religion, national 
origin, or sex. Section 1002.5(c) provides rules concerning requests 
for information about a spouse or former spouse. Section 1002.5(d) 
provides rules concerning requests for information regarding marital 
status; income from alimony, child support, or separate maintenance; 
and childbearing or childrearing.
    \4\ Regulation C implements the Home Mortgage Disclosure Act 
(HMDA). See Regulation C, 12 CFR part 1003, appendix B, Sample Data 
Collection Form. Effective January 1, 2018, Regulation B Sec.  
1002.13(a) comment 7 provides that, ``[f]or applications subject to 
Sec.  1002.13(a)(1), a creditor that collects information about the 
ethnicity, race, and sex of an applicant in compliance with the 
requirements of appendix B to 12 CFR part 1003 is acting in 
compliance with Sec.  1002.13 concerning the collection of an 
applicant's ethnicity, race, and sex information.'' See Amendments 
to Equal Credit Opportunity Act (Regulation B) Ethnicity and Race 
Information Collection, 82 FR 45680, 45689 (Oct. 2, 2017).
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    The issuance of this Bureau official approval has been duly 
authorized by the Director of the Bureau and provides the protection 
afforded under section 706(e) of ECOA.

III. Regulatory Requirements

    This Bureau official approval is an approval or interpretation 
exempt from notice and comment rulemaking requirements under the 
Administrative Procedure Act. See 5 U.S.C. 551, 553(b). Because no 
notice of proposed rulemaking is required, the Regulatory Flexibility 
Act does not require an initial or final regulatory flexibility 
analysis. 5 U.S.C. 603(a), 604(a). The Bureau has determined that this 
notice does not impose any new or revise any existing recordkeeping, 
reporting, or disclosure requirements on covered entities or members of 
the public that would be collections of information requiring approval 
from the Office of Management and Budget (OMB) under the Paperwork 
Reduction Act, 44 U.S.C. 3501, et seq.
    The existing information collections required by ECOA and 
Regulation B have been approved by OMB under OMB Control #3170-0013, 
and the information collections for HMDA and Regulation C are approved 
under OMB Control #3170-0008. The Bureau's approval of the updated 
redesigned URLA does not add or alter any information collections 
approved under either rule.

IV. Final Redesigned Uniform Residential Loan Application

BILLING CODE 4810-AM-P

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    Dated: November 20, 2017.
David Silberman,
Acting Deputy Director of the Bureau and Associate Director, Division 
of Research, Markets, and Regulations, Bureau of Consumer Financial 
Protection.
[FR Doc. 2017-25434 Filed 11-22-17; 8:45 am]
 BILLING CODE 4810-AM-C