Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0082), 7179-7183 [2018-03426]
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Federal Register / Vol. 83, No. 34 / Tuesday, February 20, 2018 / Notices
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FOR FURTHER INFORMATION CONTACT:
Kathleen Oram, Acting Assistant Legal
Counsel, Office of Legal Counsel, Equal
Employment Opportunity Commission,
131 M Street NE, Washington, DC
20507, (202) 663–4681 (voice) or (202)
663–4494 (TTY), or Erin Norris, Senior
Attorney, Office of Legal Counsel, Equal
Employment Opportunity Commission,
129 W Trade Street, Charlotte, NC
28202, (704) 954–6491 (voice). Requests
for this notice in an alternative format
should be made to the Office of
Communications and Legislative Affairs
at (202) 663–4191 (voice) or (202) 663–
4494 (TTY).
SUPPLEMENTARY INFORMATION: The Equal
Employment Opportunity Commission
(EEOC) enforces Title VII of the Civil
Rights Act of 1964 (Title VII), Title I of
the Americans with Disabilities Act
(ADA), and Title II of the Genetic
Information Nondiscrimination Act of
2008 (GINA), which collectively
prohibit discrimination on the basis of
race, color, religion, sex, national origin,
disability, or genetic information.
Section 709(c) of Title VII, section
107(a) of the ADA, and section 207(a) of
GINA authorize the EEOC to issue
recordkeeping and reporting regulations
that are deemed reasonable, necessary
or appropriate. EEOC has promulgated
recordkeeping regulations under those
authorities that are contained in 29 CFR
part 1602 et seq. Those regulations do
not require the creation of any particular
records but generally require employers
to preserve any personnel and
employment records they make or keep
for a period of one year. The EEOC seeks
extension of the recordkeeping
requirement in these regulations
without change.
Pursuant to the Paperwork Reduction
Act of 1995, and OMB regulation 5 CFR
1320.8(d)(1), the Commission solicits
public comment to enable it to:
(1) Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
Commission’s functions, including
whether the information will have
practical utility;
(2) Evaluate the accuracy of the
Commission’s estimate of the burden of
the proposed collection of information,
including the validity of the
methodology and assumptions used;
(3) Enhance the quality, utility, and
clarity of the information to be
collected; and
(4) Minimize the burden of the
collection of information on those who
are to respond, including the use of
appropriate, or other technological
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
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Overview of Current Information
Collection
Collection Title: Recordkeeping under
Title VII, the ADA, and GINA.
OMB Number: 3046–0040.
Description of Affected Public:
Employers with 15 or more employees
are subject to Title VII, the ADA, and
GINA.
Number of Respondents: 961,709.
Number of Reports Submitted: 0.
Estimated Burden Hours: 37,264
hours.
Cost to Respondents: $0.
Federal Cost: None.
Number of Forms: None.
Abstract: Section 709(c) of Title VII of
the Civil Rights Act of 1964, as
amended, 42 U.S.C. 2000e–8(c), section
1007(a) of the ADA, 42 U.S.C. 12117(a),
and section 207(a) of GINA, 42 U.S.C.
2000ff–6(a), require the Commission to
establish regulations pursuant to which
employers subject to those Acts shall
make and preserve certain records to
assist the EEOC in assuring compliance
with the Acts’ nondiscrimination in
employment requirements. This is a
recordkeeping requirement. Any of the
records maintained which are
subsequently disclosed to the EEOC
during an investigation are protected
from public disclosure by the
confidentiality provisions of section
706(b) and 709(e) of Title VII which are
also incorporated by reference into the
ADA at section 107(a) and GINA at
section 207(a).
Burden Statement: The estimated
number of respondents subject to this
recordkeeping requirement is 961,709
employers. An employer subject to the
recordkeeping requirement in 29 CFR
part 1602 must retain all personnel or
employment records made or kept by
that employer for one year, and must
retain any records relevant to charges of
discrimination filed under Title VII, the
ADA, or GINA until final disposition of
those matters, which may be longer than
one year. This recordkeeping
requirement does not require reports or
the creation of new documents, but
merely requires retention of documents
that an employer has already made or
kept in the normal course of its business
operations. Thus, existing employers
bear no burden under this analysis,
because their systems for retaining
personnel and employment records are
already in place. Newly formed firms
may incur a small burden when setting
up their data collection and retention
systems to ensure compliance with
EEOC’s recordkeeping requirements. We
assume some effort and time must be
expended by employers to familiarize
themselves with the Title VII, ADA, and
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GINA recordkeeping requirements and
explain those requirements to the
appropriate staff. We estimate that 30
minutes would be needed for this onetime familiarization process. Using 2015
data from the Small Business
Administration, we estimate that there
are 74,528 firms that would incur this
start-up burden.1 Assuming a 30-minute
burden per firm, the total annual hour
burden is 37,264 hours (.5 hour × 74,528
= 37,264).
For the Commission.
Dated: February 13, 2018.
Victoria A. Lipnic,
Acting Chair.
[FR Doc. 2018–03427 Filed 2–16–18; 8:45 am]
BILLING CODE 6570–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0082)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: 30-Day notice and request for
comment.
AGENCY:
The Federal Deposit
Insurance Corporation (FDIC) will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
review and approval in accordance with
the Paperwork Reduction Act of 1995.
The proposed information collection
was previously published in the Federal
Register on December 7, 2017, allowing
for a 60-day comment period.
DATES: Comments are encouraged and
will be accepted for an additional 30
days until March 22, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• Email: comments@fdic.gov. Please
include the name and OMB control
number of the relevant information
collection in the subject line of the
message.
• Mail: Manny Cabeza, Counsel,
Room MB–3007, Federal Deposit
Insurance Corporation, 550 17th Street
NW, Washington, DC 20429.
SUMMARY:
1 Source: U.S. Small Business Administration:
Statistics of U.S. Business, Release Date 1/2017.
(https://www.sba.gov/advocacy/firm-size-data).
Select U.S. Static Data, U.S. Data and combines
estimates from private employment, public sector,
colleges and universities, and referral unions.
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Federal Register / Vol. 83, No. 34 / Tuesday, February 20, 2018 / Notices
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. Written
comments and/or suggestions can also
be directed to the Office of Management
and Budget, Office of Information and
Regulatory Affairs, attention FDIC Desk
Officer, New Executive Office Building,
Washington, DC 20503 or sent to OIRA_
submissions@omb.eop.gov.
FURTHER INFORMATION CONTACT: If you
have additional comments, particularly
with respect to the estimated public
burden or associated response time,
have suggestions, need a copy of any
proposed information collection
instrument and instructions, or desire
any other additional information, please
contact Manny Cabeza, Counsel, FDIC
Legal Division either by mail at Room
MB–3007, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429; by email at
mcabeza@fdic.gov; or by telephone at
(202) 898–3767.
SUPPLEMENTARY INFORMATION: Written
comments and suggestions from the
public and affected agencies concerning
the proposed collection of information
are encouraged. All comments received
will become a matter of public record.
Your comments should address one or
more of the following four points:
—Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information has practical
utility;
—Evaluate the accuracy of the agency’s
estimate of the burden of the
proposed information collection,
including the validity of the
methodology and assumptions used;
—Evaluate whether and if so, how, the
quality, utility, and clarity of the
information to be collected can be
enhanced; and
—Ways to minimize the burden of the
information collection on
respondents, including through the
use of automated collection
techniques or other forms of
information technology.
Overview of the Information Collection
Request
1. Title: Recordkeeping, Disclosure
and Reporting Requirements in
Connection with Regulation Z.
OMB Number: 3064–0082.
Form Number: None.
Affected Public: State nonmember
banks and state savings associations.
General Description of Collection:
Consumer Financial Protection Bureau
(CFPB) Regulation Z—12 CFR 1026
implements the Truth in Lending Act
(15 U.S.C. 1601, et seq.) and certain
provisions of the Real Estate Settlement
Procedures Act (12 U.S.C. 2601 et seq.).
This regulation prescribes uniform
methods for computing the cost of
credit, the disclosure of credit terms and
costs, the resolution of errors and
imposes various other recordkeeping,
reporting and disclosure requirements.
The FDIC has enforcement authority on
the requirements of the CFPB’s
Regulation over the financial
institutions it supervises. This
information collection captures the
recordkeeping, reporting and disclosure
burdens of Regulation Z on FDICsupervised institutions. The information
collection is being revised to account for
revisions and changes made to
Regulation Z by the CFPB since this
information collection was last
submitted by the FDIC to OMB for
clearance.
To arrive at the estimated annual
burden the FDIC assessed the number of
potential respondents to the information
collection by identifying the number of
FDIC-supervised institutions who
reported activity that would be within
the scope of the information collection
requirements according to data from the
most recent CALL Report. Additionally,
the FDIC estimated the frequency of
responses to the recordkeeping,
reporting, or disclosure requirements by
assessing the dollar volume of activity
that would be within the scope of the
information collection. In some
instances the FDIC used information
provided by other sources to estimate
the magnitude and scope of activity
attributable to FDIC-supervised
institutions when more immediate
information sources did not exist.
Burden Estimate: The total estimated
annual burden is 2,395,630 hours (36
hours estimated implementation
burden, plus 2,395,594 hours estimated
ongoing burden). The burden estimate is
detailed on the following tables:
IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE
Estimated
average
number of
credit
accounts
Estimated
number of
respondents 1
Obligation to
respond/type of burden
Frequency
of response
Number of
responses
Estimated
time per
response
(minutes)
Total
estimated
annual
burden
(hours)
Open-End Credit Products
• Not Home-Secured Open-End Credit Plans
Æ Credit and Charge Card Provisions
Timely Settlement of Estate Debts
(1026.11(c)(1)) Written Policies and Procedures.
Ability to Pay (1026.51(a)(ii)) Written Policies and Procedures.
Mandatory Recordkeeping ...
1
N/A
1
1
480.00
8
Mandatory Recordkeeping ...
1
N/A
1
1
480.00
8
Mortgage Products (Open and Closed-End)
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• Valuation Independence
Æ Mandatory Reporting
Implementation of Policies and Procedures
(1026.42(g)).
MandatoryRecordkeeping ....
1
N/A
1
0
1,200.00
20
Total Estimated Implementation Burden
...............................................
......................
....................
....................
....................
....................
36
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IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE—Continued
Estimated
number of
respondents 1
Obligation to
respond/type of burden
Estimated
average
number of
credit
accounts
Frequency
of response
Number of
responses
Estimated
time per
response
(minutes)
Total
estimated
annual
burden
(hours)
Ongoing Burden Estimate
Open-End Credit Products
• Not Home-Secured Open-End Credit Plans
Æ General Disclosure Rules for Not Home-Secured Open-End Credit Plans
Credit and Charge Card Applications and
Solicitations (1026.60).
Account Opening Disclosures (1026.6(b)) ...
Periodic Statements (1026.7(b)) ..................
Annual Statement of Billing Rights
(1026.9(a)(1)).
Alternative Summary Statement of Billing
Rights (1026.9(a)(2)).
Change in Terms Disclosures (1026.9(b)
through (h)).
Mandatory Disclosure ..........
634
N/A
1
634
480.00
5,072
Mandatory Disclosure ..........
Mandatory Disclosure ..........
Mandatory Disclosure ..........
634
634
317
N/A
N/A
N/A
1
12
1
634
7,608
317
720.00
480.00
480.00
7,608
60,864
2,536
Voluntary Disclosure ............
317
N/A
12
3,804
480.00
30,432
Mandatory Disclosure ..........
634
N/A
1
634
480.00
5,072
Æ Credit and Charge Card Provisions
Timely Settlement of Estate Debts
(1026.11(c)(2)).
Ability to Pay (1026.51) ................................
College Student Credit Annual Report
(1026.57(d)).
Submission of Credit Card Agreements
(1026.58(c)).
Internet Posting of Credit Card Agreements
(1026.58(d)).
Individual
Credit
Card
Agreements
(1026.58(e)).
Mandatory Disclosure ..........
634
428
1
271,352
5.00
22,613
Mandatory Recordkeeping ...
Mandatory Reporting ............
634
634
N/A
N/A
1
1
634
634
720.00
480.00
7,608
5,072
Mandatory Reporting ............
634
N/A
4
2,536
180.00
7,608
Mandatory Disclosure ..........
634
N/A
4
2,536
360.00
15,216
Mandatory Disclosure ..........
634
125
1
79,250
15.00
19,813
• Home Equity Open-End Credit Plans (HELOC)
Æ General Disclosure Rules for HELOCs
Application Disclosures (1026.40) ................
Account Opening Disclosures (1026.6(a)) ...
Periodic Statements (1026.7(a)) ..................
Annual Statement of Billing Rights
(1026.9(a)(1)).
Alternative Summary Statement of Billing
Rights (1026.9(a)(2)).
Change in Terms Disclosures (1026.9(b)
through (h)).
Notice to Restrict Credit (1026.9(c)(1)(iii);
.40(f)(3)(i) and (vi)).
Mandatory
Mandatory
Mandatory
Mandatory
Disclosure
Disclosure
Disclosure
Disclosure
..........
..........
..........
..........
2,717
2,717
2,717
2,717
N/A
N/A
N/A
N/A
1
1
1
1
2,717
2,717
2,717
2,717
720.00
720.00
480.00
480.00
32,604
32,604
21,736
21,736
Voluntary Disclosure ............
2,717
N/A
1
2,717
480.00
21,736
Mandatory Disclosure ..........
2,717
N/A
1
2,717
480.00
21,736
Mandatory Disclosure ..........
2,717
N/A
1
2,717
120.00
5,434
2,963
1
10,737,912
1.0
178,965
N/A
1
1
720.00
12
N/A
N/A
N/A
1
1
1
3,628
3,628
3,628
480.00
480.00
18.00
29,024
29,024
1,088
• All Open-End Credit Plans
Error Resolution (1026.13) ...........................
Mandatory Disclosure ..........
3,624
• Closed-End Credit Products
• General Rules for Closed-End Credit
Other than Real Estate, Home-Secured and
Private Education Loans (1026.17 and
.18).
Mandatory Disclosure ..........
1
• Closed-End Mortgages
Æ Application and Consummation
Loan Estimate (1026.19(e); and .37) ...........
Closing Disclosure (1026.19(f); and .38) .....
Record
Retention
of
Disclosures
(1026.19(e), (f); .37; and .38).
Mandatory Disclosure ..........
Mandatory Disclosure ..........
Mandatory Recordkeeping ...
3,628
3,628
3,628
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Æ Post-Consummation Disclosures
Interest Rate and Payment Summary
(1026.18(s)).
No Guarantee to Refinance Statement
(1026.18(t)).
ARMs Rate Adjustments with Payment
Change Disclosures (1026.20(c)).
Initial Rate Adjustment Disclosure for ARMs
(1026.20(d)).
Escrow Cancellation Notice (1026.20(e)) ....
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Mandatory Disclosure ..........
3,628
N/A
1
3,628
2,400.00
145,120
Mandatory Disclosure ..........
3,628
N/A
1
3,628
480.00
29,024
Mandatory Disclosure ..........
3,628
N/A
1
3,628
90.00
5,442
Mandatory Disclosure ..........
3,628
N/A
1
3,628
120.00
7,256
Mandatory Disclosure ..........
3,628
N/A
1
3,628
480.00
29,024
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IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE—Continued
Periodic Statements (1026.41) .....................
Estimated
average
number of
credit
accounts
Estimated
number of
respondents 1
Obligation to
respond/type of burden
Mandatory Disclosure ..........
3,628
Frequency
of response
Number of
responses
Estimated
time per
response
(minutes)
Total
estimated
annual
burden
(hours)
N/A
1
3,628
480.00
29,024
926
16
1
1
3,359,528
58,048
15.00
12.00
839,882
11.610
N/A
1
3,628
480.00
29,024
N/A
1
3,628
480.00
29,204
1
1
3,628
10.00
605
N/A
1
14
1,440.00
336
N/A
1
3,628
14.00
847
N/A
1
3,561
3,600.00
213,660
N/A
1
3,561
3,600.00
213,660
N/A
1
3,561
3600.00
213,660
5
1
18,120
20.00
6,040
5
1
18,140
20.00
6,047
Æ Ability to Repay Requirements
Minimum Standards (1026.43(c) through (f))
Prepayment Penalties (1026.43(g)) .............
Mandatory Recordkeeping ...
Mandatory Disclosure ..........
3,628
3,628
Mortgage Products (Open and Closed-End)
• Mortgage Servicing Disclosures
Æ Payoff Statements
Payoff Statements (1026.36(c)(3)) ...............
Mandatory Disclosure ..........
Notice of Sale or Transfer (1026.39) ...........
3,628
Mandatory Disclosure ..........
Æ Notice of Sale or Transfer
3,628
• Valuation Independence
Æ Mandatory Reporting
Reporting
Appraiser
(1026.42(g)).
Noncompliance
Mandatory Reporting ............
3,628
Reverse and High-Cost Mortgages
• Reverse Mortgages
Æ Reverse Mortgage Disclosures
Reverse
Mortgage
(1026.31(c)(2) and .33).
Disclosures
Mandatory Disclosure ..........
14
• High-Cost Mortgage Loans
Æ HOEPA Disclosures and Notice
HOEPA Disclosures and Notice (1026.32(c)
Mandatory Disclosure ..........
3,628
Private Education Loans
• Initial Disclosures
Æ Application and Solicitation Disclosures
Application or
(1026.47(a)).
Solicitation
Disclosures
Mandatory Disclosure ..........
3,561
Æ Approval Disclosures
Approval Disclosures (1026.47(b)) ...............
Mandatory Disclosure ..........
Final Disclosures (1026.47(c)) .....................
3,561
Mandatory Disclosure ..........
Æ Final Disclosures
3,561
Advertising Rules
• All Credit Types
Æ Open-End Credit
Open-End Credit (1026.16) ..........................
Mandatory Disclosure ..........
3,624
Æ Closed-End Credit
Closed-End Credit (1026.24) .......................
Mandatory Disclosure ..........
3,628
Record Retention
• Evidence of Compliance
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Regulation Z in General (1026.25) ..............
Mandatory Recordkeeping ...
3,652
N/A
1
3,652
18.00
1,096
Total Estimated Ongoing Burden ..........
...............................................
......................
....................
....................
....................
....................
2,395,594
Total Estimated Annual Burden ............
...............................................
......................
....................
....................
....................
....................
2,395,630
1 FDIC
estimates that all existing FDIC-supervised institutions have implemented the policies and procedures required by Regulation Z and will only face the estimated ongoing (transaction) burdens reflected in the Ongoing Burden Estimate table. The respondent count of 1 is intended as a placeholder for the associated burden estimate to account for any institution(s) that may become subject to the information collection requirements in the future.
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Federal Register / Vol. 83, No. 34 / Tuesday, February 20, 2018 / Notices
Dated at Washington, DC, this 14th day of
February 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD
[FR Doc. 2018–03426 Filed 2–16–18; 8:45 am]
Agenda
BILLING CODE 6714–01–P
Federal Retirement Thrift Investment
Board Meeting Agenda, February 26,
2018, In Person, 8:30 a.m.
FEDERAL RESERVE SYSTEM
Open Session
sradovich on DSK3GMQ082PROD with NOTICES
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than March 14,
2018.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Almena Investments, LLC., Almena,
Kansas; to become a bank holding
company by acquiring 100 percent of
the voting shares of Almena State Bank,
Almena, Kansas.
Board of Governors of the Federal Reserve
System, February 14, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–03391 Filed 2–16–18; 8:45 am]
BILLING CODE P
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Sunshine Act; Notice of Board Member
Meeting
7183
Federal Trade Commission
Building, 600 Pennsylvania Avenue
NW, Washington, DC 20580.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Donald S. Clark, Secretary, Office of the
Secretary, 600 Pennsylvania Avenue
NW, Washington, DC 20580, 202–326–
2515.
SUPPLEMENTARY INFORMATION:
Open Meeting
1. Approval of the minutes for the
January 22, 2018 Board Meeting
2. Monthly Reports
(a) Participant Activity
(b) Investment Performance
(c) Legislative
3. Quarterly Reports
(d) Metrics
(e) Project Activity
4. Contact Centers
5. OERM Annual Report
6. OTS Annual Report
7. FISMA
8. FISMA—OTS
9. Blended Retirement Update
Closed Session
Information covered under 5 U.S.C.
552b(c)(9)(B).
Adjourn
CONTACT PERSON FOR MORE INFORMATION:
Kimberly Weaver, Director, Office of
External Affairs, (202) 942–1640.
Dated: February 15, 2018.
Megan Grumbine,
General Counsel, Federal Retirement Thrift
Investment Board.
[FR Doc. 2018–03554 Filed 2–15–18; 4:15 pm]
BILLING CODE 6760–01–P
FEDERAL TRADE COMMISSION
(1) Oral Argument In the Matter of
Louisiana Real Estate Appraisers Board,
Docket No. 9374.
Closed Meeting
(2) Executive Session to follow Oral
Argument In the Matter of Louisiana
Real Estate Appraisers Board, Docket
No. 9374.
Record of Commission’s Vote
On February 6, 2018, Commissioners
Ohlhausen and McSweeny were
recorded as voting in the affirmative to
close Matter Number Two, and to
withhold from this meeting notice such
information as is exempt from
disclosure under 5 U.S.C. 552b(c).
Commission’s Explanation of Closing
The Commission has determined that
Matter Number Two may be closed
under 5 U.S.C. 552b(c)(10), and that the
public interest does not require the
matter to be open.
General Counsel Certification
The General Counsel has certified that
Matter Number Two may properly be
closed, citing the following relevant
exemptive provision: 5 U.S.C.
552b(c)(10).
[Docket No. 9374]
Expected Attendees
Louisiana Real Estate Appraisers
Board Oral Argument Before the
Commission
Expected to attend the closed meeting
are the Commissioners themselves, an
advisor to one of the Commissioners,
and such other Commission staff as may
be appropriate.
Federal Trade Commission.
Oral argument; open meeting.
AGENCY:
ACTION:
The Federal Trade
Commission (‘‘FTC’’ or ‘‘Commission’’)
will meet on Thursday, February 22,
2018, in Room 532 of the FTC Building
for an Oral Argument In the Matter of
Louisiana Real Estate Appraisers Board.
The public is invited to attend and
observe the open portion of the meeting,
which is scheduled to begin at 2:00 p.m.
The remainder of the meeting will be
closed to the public.
DATES: Oral argument is scheduled for
February 22, 2018 at 2:00 p.m.
SUMMARY:
PO 00000
Frm 00048
Fmt 4703
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By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 2018–03410 Filed 2–16–18; 8:45 am]
BILLING CODE 6750–01–P
E:\FR\FM\20FEN1.SGM
20FEN1
]]>Agencies
[Federal Register Volume 83, Number 34 (Tuesday, February 20, 2018)]
[Notices]
[Pages 7179-7183]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03426]
=======================================================================
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request (3064-0082)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: 30-Day notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The Federal Deposit Insurance Corporation (FDIC) will submit
the following information collection request to the Office of
Management and Budget (OMB) for review and approval in accordance with
the Paperwork Reduction Act of 1995. The proposed information
collection was previously published in the Federal Register on December
7, 2017, allowing for a 60-day comment period.
DATES: Comments are encouraged and will be accepted for an additional
30 days until March 22, 2018.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
https://www.FDIC.gov/regulations/laws/federal.
Email: [email protected]. Please include the name and OMB
control number of the relevant information collection in the subject
line of the message.
Mail: Manny Cabeza, Counsel, Room MB-3007, Federal Deposit
Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
[[Page 7180]]
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number.
Written comments and/or suggestions can also be directed to the Office
of Management and Budget, Office of Information and Regulatory Affairs,
attention FDIC Desk Officer, New Executive Office Building, Washington,
DC 20503 or sent to [email protected].
FURTHER INFORMATION CONTACT: If you have additional comments,
particularly with respect to the estimated public burden or associated
response time, have suggestions, need a copy of any proposed
information collection instrument and instructions, or desire any other
additional information, please contact Manny Cabeza, Counsel, FDIC
Legal Division either by mail at Room MB-3007, Federal Deposit
Insurance Corporation, 550 17th Street NW, Washington, DC 20429; by
email at [email protected]; or by telephone at (202) 898-3767.
SUPPLEMENTARY INFORMATION: Written comments and suggestions from the
public and affected agencies concerning the proposed collection of
information are encouraged. All comments received will become a matter
of public record. Your comments should address one or more of the
following four points:
--Evaluate whether the proposed collection of information is necessary
for the proper performance of the functions of the agency, including
whether the information has practical utility;
--Evaluate the accuracy of the agency's estimate of the burden of the
proposed information collection, including the validity of the
methodology and assumptions used;
--Evaluate whether and if so, how, the quality, utility, and clarity of
the information to be collected can be enhanced; and
--Ways to minimize the burden of the information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology.
Overview of the Information Collection Request
1. Title: Recordkeeping, Disclosure and Reporting Requirements in
Connection with Regulation Z.
OMB Number: 3064-0082.
Form Number: None.
Affected Public: State nonmember banks and state savings
associations.
General Description of Collection: Consumer Financial Protection
Bureau (CFPB) Regulation Z--12 CFR 1026 implements the Truth in Lending
Act (15 U.S.C. 1601, et seq.) and certain provisions of the Real Estate
Settlement Procedures Act (12 U.S.C. 2601 et seq.). This regulation
prescribes uniform methods for computing the cost of credit, the
disclosure of credit terms and costs, the resolution of errors and
imposes various other recordkeeping, reporting and disclosure
requirements. The FDIC has enforcement authority on the requirements of
the CFPB's Regulation over the financial institutions it supervises.
This information collection captures the recordkeeping, reporting and
disclosure burdens of Regulation Z on FDIC-supervised institutions. The
information collection is being revised to account for revisions and
changes made to Regulation Z by the CFPB since this information
collection was last submitted by the FDIC to OMB for clearance.
To arrive at the estimated annual burden the FDIC assessed the
number of potential respondents to the information collection by
identifying the number of FDIC-supervised institutions who reported
activity that would be within the scope of the information collection
requirements according to data from the most recent CALL Report.
Additionally, the FDIC estimated the frequency of responses to the
recordkeeping, reporting, or disclosure requirements by assessing the
dollar volume of activity that would be within the scope of the
information collection. In some instances the FDIC used information
provided by other sources to estimate the magnitude and scope of
activity attributable to FDIC-supervised institutions when more
immediate information sources did not exist.
Burden Estimate: The total estimated annual burden is 2,395,630
hours (36 hours estimated implementation burden, plus 2,395,594 hours
estimated ongoing burden). The burden estimate is detailed on the
following tables:
Implementation (One-Time) Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Total
Estimated average Estimated estimated
Obligation to respond/type number of number of Frequency Number of time per annual
of burden respondents credit of response responses response burden
\1\ accounts (minutes) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Open-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
Not Home-Secured Open-End Credit Plans
[cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate Debts Mandatory Recordkeeping...... 1 N/A 1 1 480.00 8
(1026.11(c)(1)) Written Policies and
Procedures.
Ability to Pay (1026.51(a)(ii)) Written Mandatory Recordkeeping...... 1 N/A 1 1 480.00 8
Policies and Procedures.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Mortgage Products (Open and Closed-End)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Valuation Independence
[cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation of Policies and Procedures MandatoryRecordkeeping....... 1 N/A 1 0 1,200.00 20
(1026.42(g)).
-------------------------------------------------------------------------------------------------------------
Total Estimated Implementation Burden. ............................. ............ ........... ........... ........... ........... 36
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 7181]]
Ongoing Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Open-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
Not Home-Secured Open-End Credit Plans
[cir] General Disclosure Rules for Not Home-Secured Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Credit and Charge Card Applications and Mandatory Disclosure......... 634 N/A 1 634 480.00 5,072
Solicitations (1026.60).
Account Opening Disclosures (1026.6(b))... Mandatory Disclosure......... 634 N/A 1 634 720.00 7,608
Periodic Statements (1026.7(b))........... Mandatory Disclosure......... 634 N/A 12 7,608 480.00 60,864
Annual Statement of Billing Rights Mandatory Disclosure......... 317 N/A 1 317 480.00 2,536
(1026.9(a)(1)).
Alternative Summary Statement of Billing Voluntary Disclosure......... 317 N/A 12 3,804 480.00 30,432
Rights (1026.9(a)(2)).
Change in Terms Disclosures (1026.9(b) Mandatory Disclosure......... 634 N/A 1 634 480.00 5,072
through (h)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate Debts Mandatory Disclosure......... 634 428 1 271,352 5.00 22,613
(1026.11(c)(2)).
Ability to Pay (1026.51).................. Mandatory Recordkeeping...... 634 N/A 1 634 720.00 7,608
College Student Credit Annual Report Mandatory Reporting.......... 634 N/A 1 634 480.00 5,072
(1026.57(d)).
Submission of Credit Card Agreements Mandatory Reporting.......... 634 N/A 4 2,536 180.00 7,608
(1026.58(c)).
Internet Posting of Credit Card Agreements Mandatory Disclosure......... 634 N/A 4 2,536 360.00 15,216
(1026.58(d)).
Individual Credit Card Agreements Mandatory Disclosure......... 634 125 1 79,250 15.00 19,813
(1026.58(e)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Home Equity Open-End Credit Plans (HELOC)
[cir] General Disclosure Rules for HELOCs
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application Disclosures (1026.40)......... Mandatory Disclosure......... 2,717 N/A 1 2,717 720.00 32,604
Account Opening Disclosures (1026.6(a))... Mandatory Disclosure......... 2,717 N/A 1 2,717 720.00 32,604
Periodic Statements (1026.7(a))........... Mandatory Disclosure......... 2,717 N/A 1 2,717 480.00 21,736
Annual Statement of Billing Rights Mandatory Disclosure......... 2,717 N/A 1 2,717 480.00 21,736
(1026.9(a)(1)).
Alternative Summary Statement of Billing Voluntary Disclosure......... 2,717 N/A 1 2,717 480.00 21,736
Rights (1026.9(a)(2)).
Change in Terms Disclosures (1026.9(b) Mandatory Disclosure......... 2,717 N/A 1 2,717 480.00 21,736
through (h)).
Notice to Restrict Credit Mandatory Disclosure......... 2,717 N/A 1 2,717 120.00 5,434
(1026.9(c)(1)(iii); .40(f)(3)(i) and
(vi)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
All Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Error Resolution (1026.13)................ Mandatory Disclosure......... 3,624 2,963 1 10,737,912 1.0 178,965
--------------------------------------------------------------------------------------------------------------------------------------------------------
Closed-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Rules for Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Other than Real Estate, Home-Secured and Mandatory Disclosure......... 1 N/A 1 1 720.00 12
Private Education Loans (1026.17 and .18).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Closed-End Mortgages
[cir] Application and Consummation
--------------------------------------------------------------------------------------------------------------------------------------------------------
Loan Estimate (1026.19(e); and .37)....... Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
Closing Disclosure (1026.19(f); and .38).. Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
Record Retention of Disclosures Mandatory Recordkeeping...... 3,628 N/A 1 3,628 18.00 1,088
(1026.19(e), (f); .37; and .38).
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Post-Consummation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interest Rate and Payment Summary Mandatory Disclosure......... 3,628 N/A 1 3,628 2,400.00 145,120
(1026.18(s)).
No Guarantee to Refinance Statement Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
(1026.18(t)).
ARMs Rate Adjustments with Payment Change Mandatory Disclosure......... 3,628 N/A 1 3,628 90.00 5,442
Disclosures (1026.20(c)).
Initial Rate Adjustment Disclosure for Mandatory Disclosure......... 3,628 N/A 1 3,628 120.00 7,256
ARMs (1026.20(d)).
Escrow Cancellation Notice (1026.20(e))... Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
[[Page 7182]]
Periodic Statements (1026.41)............. Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Ability to Repay Requirements
--------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum Standards (1026.43(c) through (f)) Mandatory Recordkeeping...... 3,628 926 1 3,359,528 15.00 839,882
Prepayment Penalties (1026.43(g))......... Mandatory Disclosure......... 3,628 16 1 58,048 12.00 11.610
--------------------------------------------------------------------------------------------------------------------------------------------------------
Mortgage Products (Open and Closed-End)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Mortgage Servicing Disclosures
[cir] Payoff Statements
--------------------------------------------------------------------------------------------------------------------------------------------------------
Payoff Statements (1026.36(c)(3))......... Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,024
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Notice of Sale or Transfer
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice of Sale or Transfer (1026.39)...... Mandatory Disclosure......... 3,628 N/A 1 3,628 480.00 29,204
--------------------------------------------------------------------------------------------------------------------------------------------------------
Valuation Independence
[cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting Appraiser Noncompliance Mandatory Reporting.......... 3,628 1 1 3,628 10.00 605
(1026.42(g)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reverse and High-Cost Mortgages
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reverse Mortgages
[cir] Reverse Mortgage Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reverse Mortgage Disclosures Mandatory Disclosure......... 14 N/A 1 14 1,440.00 336
(1026.31(c)(2) and .33).
--------------------------------------------------------------------------------------------------------------------------------------------------------
High-Cost Mortgage Loans
[cir] HOEPA Disclosures and Notice
--------------------------------------------------------------------------------------------------------------------------------------------------------
HOEPA Disclosures and Notice (1026.32(c).. Mandatory Disclosure......... 3,628 N/A 1 3,628 14.00 847
--------------------------------------------------------------------------------------------------------------------------------------------------------
Private Education Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Initial Disclosures
[cir] Application and Solicitation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application or Solicitation Disclosures Mandatory Disclosure......... 3,561 N/A 1 3,561 3,600.00 213,660
(1026.47(a)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Approval Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Approval Disclosures (1026.47(b))......... Mandatory Disclosure......... 3,561 N/A 1 3,561 3,600.00 213,660
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Final Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Final Disclosures (1026.47(c))............ Mandatory Disclosure......... 3,561 N/A 1 3,561 3600.00 213,660
--------------------------------------------------------------------------------------------------------------------------------------------------------
Advertising Rules
--------------------------------------------------------------------------------------------------------------------------------------------------------
All Credit Types
[cir] Open-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Open-End Credit (1026.16)................. Mandatory Disclosure......... 3,624 5 1 18,120 20.00 6,040
--------------------------------------------------------------------------------------------------------------------------------------------------------
[cir] Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Closed-End Credit (1026.24)............... Mandatory Disclosure......... 3,628 5 1 18,140 20.00 6,047
--------------------------------------------------------------------------------------------------------------------------------------------------------
Record Retention
--------------------------------------------------------------------------------------------------------------------------------------------------------
Evidence of Compliance
--------------------------------------------------------------------------------------------------------------------------------------------------------
Regulation Z in General (1026.25)......... Mandatory Recordkeeping...... 3,652 N/A 1 3,652 18.00 1,096
-------------------------------------------------------------------------------------------------------------
Total Estimated Ongoing Burden........ ............................. ............ ........... ........... ........... ........... 2,395,594
-------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden......... ............................. ............ ........... ........... ........... ........... 2,395,630
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ FDIC estimates that all existing FDIC-supervised institutions have implemented the policies and procedures required by Regulation Z and will only
face the estimated ongoing (transaction) burdens reflected in the Ongoing Burden Estimate table. The respondent count of 1 is intended as a
placeholder for the associated burden estimate to account for any institution(s) that may become subject to the information collection requirements in
the future.
[[Page 7183]]
Dated at Washington, DC, this 14th day of February 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-03426 Filed 2-16-18; 8:45 am]
BILLING CODE 6714-01-P
