Agency Information Collection Activities: Information Collection Renewal; Comment Request; Registration of Mortgage Loan Originators, 5293-5295 [2018-02305]
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daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 25 / Tuesday, February 6, 2018 / Notices
Act of 1980 (ANILCA) for certain
projects. The FHWA is extending the
date to accommodate a potential shift in
the preferred alternative and to
determine with the Department of the
Interior how a 2017 commitment to
undertake a land exchange in the project
area would affect the decision making
process. The delay is agreeable to the
applicant (Alaska Department of
Transportation and Public Facilities)
and other involved Federal agencies.
DATES: The publication of a final
environmental impact statement for the
Sterling Highway MP 45–60 Project is
extended to March 13, 2018.
ADDRESSES: Applicant’s project website:
https://sterlinghighway.net.
FOR FURTHER INFORMATION CONTACT: John
Lohrey, FHWA Alaska Division
Transportation Planner, 907–586–7428,
john.lohrey@dot.gov.
SUPPLEMENTARY INFORMATION: The
Alaska Department of Transportation
and Public Facilities (DOT&PF)
proposes to upgrade and partially
realign the Sterling Highway (AK–1)
over about 14 miles in the vicinity of
Cooper Landing, in the Kenai Peninsula
Borough, Alaska. The Sterling Highway
Milepost 45–60 Project, in part, would
use Federal funding administered by the
FHWA. The FHWA and DOT&PF issued
a draft supplemental environmental
impact statement (EIS) for the project in
March 2015. The EIS was a
supplemental EIS because FHWA had
issued a draft EIS in 1994 for a 23-mile
stretch of the Sterling Highway and had
issued authorization following the 1994
draft EIS to split the project into two
parts, each with independent utility. A
decision in 1995 authorized design and
construction of the Milepost 37–45
portion (completed in 2001) and
development of a supplemental EIS for
the Milepost 45–60 portion.
Some alternatives evaluated in the
current EIS would cross lands classified
as conservation system units (CSUs) by
the ANILCA. Title XI of ANILCA
requires special procedures for
completion of an EIS under the National
Environmental Policy Act if a
transportation project will cross a CSU.
The ANILCA Section 1104(e) [16 U.S.C.
3164(e)] describes procedural
requirements, including a requirement
that the project’s final EIS shall be
completed within 1 year of submittal of
a form applying to cross a CSU. The
procedural requirements allow the lead
Federal agency to extend the time
period for good cause if a notice is
published in the Federal Register to
explain the reasons for the extension.
For ANILCA requirements, the
involved Federal agencies are FHWA
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19:02 Feb 05, 2018
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(Department of Transportation); Forest
Service (Department of Agriculture);
U.S. Fish and Wildlife Service
(Department of the Interior); and Corps
of Engineers (Department of the Army).
These agencies have long been
cooperating agencies and have been
working in good faith to produce the
EIS.
Under ANILCA Title XI, FHWA and
the other involved Federal agencies
consider the Kenai National Wildlife
Refuge and the Resurrection Pass
National Recreation Trail on Chugach
National Forest to be CSUs. Two
alternatives would use land from these
CSUs, and two alternatives would not
use land from any CSUs. DOT&PF filed
the required Federal form, Standard
Form 299, as an application for crossing
the CSUs. The filing date was March 13,
2015. At that time, neither DOT&PF nor
FHWA had identified a preferred
alternative, so the application was made
in general, because two alternatives
would involve CSUs. In December 2015,
DOT&PF and FHWA agreed that the G
South Alternative was the preferred
alternative and released this information
to the public. The FHWA issued a letter
dated December 9, 2016, to cooperating
agencies stating that the preferred
alternative would not cross any CSU
and that no decision under ANILCA
Title XI would be required.
Consideration of the timelines under
ANILCA Title XI was put aside.
However, based on public and agency
comment following publication of the
Draft Supplemental EIS and the
announcement of the preferred
alternative, and based on input from
cooperating agencies during preparation
of the Final EIS, FHWA and DOT&PF
have been reconsidering the preferred
alternative. New information also affects
identification of the preferred
alternative. Therefore, the involved
Federal agencies and DOT&PF as the
applicant are in agreement that it is in
the best interest of good decisionmaking for this project to extend the
timeline given in ANILCA.
Specifically, FHWA is extending the
timeline for publishing the Final EIS to
March 13, 2018. The FHWA and the
other involved Federal agencies expect
to publish the Final EIS within that time
and to issue their individual decisions
regarding permits and authorizations in
accordance with ANILCA following the
Final EIS publication. The actual
issuance of a permit or right-of-way, or
actual transfer of funds, is expected to
occur as promptly as possible following
these decisions, per ANILCA sections
1106(a)(1)(A) and 1106(c)(6).
Authority: 16 U.S.C. 3164(e).
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5293
Issued on: January 29, 2018.
Sandra A. Garcia-Aline,
Division Administrator.
[FR Doc. 2018–02265 Filed 2–5–18; 8:45 am]
BILLING CODE 4910–22–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Registration of Mortgage Loan
Originators
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 respondents are 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,
‘‘Registration of Mortgage Loan
Originators.’’
SUMMARY:
You should submit written
comments by: April 9, 2018.
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:
1557–0243, 400 7th Street SW, Suite
3E–218, 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 hearing impaired, TTY, (202)
649–5597. Upon arrival, visitors will be
required to present valid governmentissued photo identification and submit
DATES:
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Federal Register / Vol. 83, No. 25 / Tuesday, February 6, 2018 / Notices
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 hearing impaired, TTY,
(202) 649–5597, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
Street SW, Suite 3E–218, 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 title 44 requires federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed renewal 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 renewal of
information set forth in this document.
Title: Registration of Mortgage Loan
Originators.
OMB Number: 1557–0243.
Description: The Secure and Fair
Enforcement for Mortgage Licensing Act
(the S.A.F.E. Act) 1 requires an
employee of a bank, savings association,
or credit union and their subsidiaries
regulated by a federal banking agency or
an employee of an institution regulated
by the Farm Credit Administration
(FCA) (collectively, institutions) who
engages in the business of a residential
mortgage loan originator (MLO) to
register with the Nationwide Mortgage
Licensing System and Registry
(Registry) and obtain a unique identifier.
Institutions must require their
employees who act as residential MLOs
to comply with the Act’s requirements
to register and obtain a unique identifier
and also adopt and follow written
1 The S.A.F.E. Act was enacted as part of the
Housing and Economic Recovery Act of 2008, Pub.
L. 110–289, Division A, Title V, sections 1501–
1517, 122 Stat. 2654, 2810–2824 (July 30, 2008),
codified at 12 U.S.C. 5101–5116.
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policies and procedures to assure
compliance with these requirements.
Among other things, the Registry is
intended to aggregate and improve the
flow of information to and between
regulators; provide increased
accountability and tracking of mortgage
loan originators; enhance consumer
protections; reduce fraud in the
residential mortgage loan origination
process; and provide consumers with
easily accessible information at no
charge regarding the employment
history of, and the publicly adjudicated
disciplinary and enforcement actions
against, mortgage loan originators.
Along with the Board of Governors of
the Federal Reserve System, the Federal
Deposit Insurance Corporation, the
National Credit Union Administration,
and the Farm Credit Administration, the
OCC issued a final rule implementing
the SAFE Act.2 The Dodd-Frank Wall
Street Reform and Consumer Protection
Act (Dodd-Frank Act), Public Law 111–
203, later transferred this rule to the
Consumer Financial Protection Bureau
(CFPB) and the CFPB republished this
rule as 12 CFR part 1007.3 However, the
OCC retains enforcement authority for
this rule for national banks, federal
savings associations and federal
branches and agencies of foreign banks
with total assets of $10 billion or less.4
MLO Reporting Requirements
Except in situations where the de
minimis exception applies, 12 CFR
1007.103 requires an employee of an
institution who is engaged in the
business of a MLO to register with the
Registry, maintain and update such
registration, and obtain a unique
identifier. This section also requires an
institution to require its MLO
employees to comply with these
requirements. Section 1007.103(d) sets
forth the categories of information that
an institution must require its
employees to submit to the Registry, or
to submit on the employee’s behalf. This
section also requires the employee to
submit to the Registry an attestation as
to the correctness of the information
submitted and an authorization for the
Registry to obtain further information.
MLO Disclosure Requirement
Section 1007.105(b) requires the MLO
to provide the unique identifier to a
consumer upon request, before acting as
a mortgage loan originator, and through
the originator’s initial written
2 75 FR 44656 (July 28, 2010), as corrected in 75
FR 51623 (Aug. 23, 2010).
3 76 FR 78487 (Dec. 19, 2011).
4 See section 1025 of the Dodd-Frank Act,
codified at 12 U.S.C. 5515.
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communication with a consumer, if any,
whether on paper or electronically.
Financial Institution Reporting
Requirements
Section 1007.103(e) specifies the
institution and employee information
that an institution must submit to the
Registry in connection with the
registration of one or more MLOs and
annually thereafter. The institution also
must update this information within 30
days of it becoming inaccurate.
Employees of the institution who
submit information to the Registry on
behalf of the institution also must verify
their identity and attest to the accuracy
of the information submitted.
Financial Institution Disclosure
Requirements
Section 1007.105(a) requires the
institution to make the unique identifier
of MLO employees available to
consumers in a manner and method
practicable to the institution.
Financial Institution Recordkeeping
Requirements
Section 1007.104 requires that an
institution that employs MLOs to adopt
and follow written policies and
procedures, at a minimum addressing
certain specified areas, but otherwise
appropriate to the nature, size and
complexity of their mortgage lending
activities.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
85,353.
Estimated Total Annual Burden:
51,384 hours.
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and 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 burden of the collection
of information;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
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Federal Register / Vol. 83, No. 25 / Tuesday, February 6, 2018 / Notices
Dated: January 31, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel, Office of the Comptroller of the
Currency.
[FR Doc. 2018–02305 Filed 2–5–18; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Information Collection;
Comment Request for Regulation
Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
the Notice of Income from Donated
Intellectual Property.
DATES: Written comments should be
received on or before April 9, 2018 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
You must reference the information
collection’s title, form number,
reporting or record-keeping requirement
number, and OMB number (if any) in
your comment.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information, or
copies of the information collection and
instructions, or copies of any comments
received, should be directed to LaNita
Van Dyke, at Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or (202)
317–6009 or, through the internet, at
LanitaVanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Income Donated
Intellectual Property.
OMB Number: 1545–1962.
Form Number: Form 8899.
Abstract: Form 8899 is filed by
charitable org. receiving donations of
intellectual property if the donor
provides timely notice. The initial
deduction is limited to the donor’s
basis; additional deductions are allowed
to the extent of income from the
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SUMMARY:
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property, reducing excessive
deductions.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit, and not-for-profit institutions.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 5
hrs. 26 min.
Estimated Total Annual Burden
Hours: 5,430.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in our
request for Office of Management and
Budget (OMB) approval of the relevant
information collection. All comments
will become a matter of public record.
Please do not include any confidential
or inappropriate material in your
comments.
We invite comments on: (a) Whether
the collection of information is
necessary for the proper performance of
the agency’s functions, including
whether the information has practical
utility; (b) the accuracy of the agency’s
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
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 the requested information.
Approved: January 23, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–02318 Filed 2–5–18; 8:45 am]
BILLING CODE 4830–01–P
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5295
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0682]
Agency Information Collection
Activity: Advertising, Sales, and
Enrollment Materials, and Candidate
Handbook
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
Veterans Benefits
Administration, Department of Veterans
Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of a currently approved
collection, and allow 60 days for public
comment in response to the notice.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before April 9, 2018.
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administration (20M33), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420 or email to
nancy.kessinger@va.gov . Please refer to
‘‘OMB Control No. 2900–0682’’ in any
correspondence. During the comment
period, comments may be viewed online
through the FDMS.
FOR FURTHER INFORMATION CONTACT:
Cynthia Harvey-Pryor at (202) 461–
5870.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995, Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on:
(1) Whether the proposed collection
of information is necessary for the
proper performance of VBA’s functions,
including whether the information will
have practical utility; (2) the accuracy of
VBA’s estimate of the burden of the
proposed collection of information; (3)
ways to enhance the quality, utility, and
clarity of the information to be
SUMMARY:
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]]>Agencies
[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)]
[Notices]
[Pages 5293-5295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02305]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Registration of Mortgage Loan Originators
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 respondents are 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, ``Registration of Mortgage Loan
Originators.''
DATES: You should submit written comments by: April 9, 2018.
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: 1557-0243, 400 7th Street SW, Suite 3E-218, Washington, DC
20219. In addition, comments may be sent by fax to (571) 465-4326 or by
electronic mail to [email protected]. 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 hearing impaired, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid
government-issued photo identification and submit
[[Page 5294]]
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 hearing
impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 400 7th Street SW,
Suite 3E-218, 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 title 44 requires federal agencies to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed renewal 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 renewal of information set forth in this document.
Title: Registration of Mortgage Loan Originators.
OMB Number: 1557-0243.
Description: The Secure and Fair Enforcement for Mortgage Licensing
Act (the S.A.F.E. Act) \1\ requires an employee of a bank, savings
association, or credit union and their subsidiaries regulated by a
federal banking agency or an employee of an institution regulated by
the Farm Credit Administration (FCA) (collectively, institutions) who
engages in the business of a residential mortgage loan originator (MLO)
to register with the Nationwide Mortgage Licensing System and Registry
(Registry) and obtain a unique identifier. Institutions must require
their employees who act as residential MLOs to comply with the Act's
requirements to register and obtain a unique identifier and also adopt
and follow written policies and procedures to assure compliance with
these requirements.
---------------------------------------------------------------------------
\1\ The S.A.F.E. Act was enacted as part of the Housing and
Economic Recovery Act of 2008, Pub. L. 110-289, Division A, Title V,
sections 1501-1517, 122 Stat. 2654, 2810-2824 (July 30, 2008),
codified at 12 U.S.C. 5101-5116.
---------------------------------------------------------------------------
Among other things, the Registry is intended to aggregate and
improve the flow of information to and between regulators; provide
increased accountability and tracking of mortgage loan originators;
enhance consumer protections; reduce fraud in the residential mortgage
loan origination process; and provide consumers with easily accessible
information at no charge regarding the employment history of, and the
publicly adjudicated disciplinary and enforcement actions against,
mortgage loan originators.
Along with the Board of Governors of the Federal Reserve System,
the Federal Deposit Insurance Corporation, the National Credit Union
Administration, and the Farm Credit Administration, the OCC issued a
final rule implementing the SAFE Act.\2\ The Dodd-Frank Wall Street
Reform and Consumer Protection Act (Dodd-Frank Act), Public Law 111-
203, later transferred this rule to the Consumer Financial Protection
Bureau (CFPB) and the CFPB republished this rule as 12 CFR part
1007.\3\ However, the OCC retains enforcement authority for this rule
for national banks, federal savings associations and federal branches
and agencies of foreign banks with total assets of $10 billion or
less.\4\
---------------------------------------------------------------------------
\2\ 75 FR 44656 (July 28, 2010), as corrected in 75 FR 51623
(Aug. 23, 2010).
\3\ 76 FR 78487 (Dec. 19, 2011).
\4\ See section 1025 of the Dodd-Frank Act, codified at 12
U.S.C. 5515.
---------------------------------------------------------------------------
MLO Reporting Requirements
Except in situations where the de minimis exception applies, 12 CFR
1007.103 requires an employee of an institution who is engaged in the
business of a MLO to register with the Registry, maintain and update
such registration, and obtain a unique identifier. This section also
requires an institution to require its MLO employees to comply with
these requirements. Section 1007.103(d) sets forth the categories of
information that an institution must require its employees to submit to
the Registry, or to submit on the employee's behalf. This section also
requires the employee to submit to the Registry an attestation as to
the correctness of the information submitted and an authorization for
the Registry to obtain further information.
MLO Disclosure Requirement
Section 1007.105(b) requires the MLO to provide the unique
identifier to a consumer upon request, before acting as a mortgage loan
originator, and through the originator's initial written communication
with a consumer, if any, whether on paper or electronically.
Financial Institution Reporting Requirements
Section 1007.103(e) specifies the institution and employee
information that an institution must submit to the Registry in
connection with the registration of one or more MLOs and annually
thereafter. The institution also must update this information within 30
days of it becoming inaccurate. Employees of the institution who submit
information to the Registry on behalf of the institution also must
verify their identity and attest to the accuracy of the information
submitted.
Financial Institution Disclosure Requirements
Section 1007.105(a) requires the institution to make the unique
identifier of MLO employees available to consumers in a manner and
method practicable to the institution.
Financial Institution Recordkeeping Requirements
Section 1007.104 requires that an institution that employs MLOs to
adopt and follow written policies and procedures, at a minimum
addressing certain specified areas, but otherwise appropriate to the
nature, size and complexity of their mortgage lending activities.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 85,353.
Estimated Total Annual Burden: 51,384 hours.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and 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 burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
[[Page 5295]]
Dated: January 31, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2018-02305 Filed 2-5-18; 8:45 am]
BILLING CODE 4810-33-P
