Agency Information Collection Activities: Information Collection Renewal; Comment Request; Registration of Mortgage Loan Originators, 5293-5295 [2018-02305]

Download as PDF 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: http://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 VerDate Sep<11>2014 19:02 Feb 05, 2018 Jkt 244001 (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). PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 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: E:\FR\FM\06FEN1.SGM 06FEN1 daltland on DSKBBV9HB2PROD with NOTICES 5294 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. VerDate Sep<11>2014 19:02 Feb 05, 2018 Jkt 244001 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. PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 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. E:\FR\FM\06FEN1.SGM 06FEN1 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 daltland on DSKBBV9HB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:02 Feb 05, 2018 Jkt 244001 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 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 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: E:\FR\FM\06FEN1.SGM 06FEN1

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]


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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\
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    \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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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