Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Registration of Mortgage Loan Originators, 20911-20912 [2018-09779]
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sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 89 / Tuesday, May 8, 2018 / Notices
respective comments to OMB within 30
days of publication to best ensure
having their full effect. 5 CFR
1320.12(c); see also 60 FR 44983, Aug.
29, 1995.
The summaries below describe the
nature of the information collection
requirements (ICRs) and the expected
burden. The requirements are being
submitted for clearance by OMB as
required by the PRA.
Title: 49 U.S.C. Section 5320 Paul S.
Sarbanes Transit in Parks.
OMB Control Number: 2132–0574.
Type of Request: Extension of a
currently approved information
collection.
Abstract: Section 3021 of the Safe,
Accountable, Flexible, Efficient
Transportation Equity Act—A Legacy
for Users (SAFETEA–LU), as amended,
established the Paul S. Sarbanes Transit
in Parks Program (Transit in Parks
Program—49 U.S.C. 5320). The program
was administered by FTA in partnership
with the Department of the Interior
(DOI) and the U.S. Department of
Agriculture’s Forest Service. The
program provided grants to Federal land
management agencies that manage an
eligible area, including but not limited
to the National Park Service, the Fish
and Wildlife Service, the Bureau of
Land Management, the Forest Service,
the Bureau of Reclamation; and State,
tribal and local governments with
jurisdiction over land in the vicinity of
an eligible area, acting with the consent
of a Federal land management agency,
alone or in partnership with a Federal
land management agency or other
governmental or non-governmental
participant. The purpose of the program
was to provide for the planning and
capital costs of alternative
transportation systems that will enhance
the protection of national parks and
Federal lands; increase the enjoyment of
visitors’ experience by conserving
natural, historical, and cultural
resources; reduce congestion and
pollution; improve visitor mobility and
accessibility; enhance visitor
experience; and ensure access to all,
including persons with disabilities. The
Paul S. Sarbanes Transit in the Parks
program was repealed under the Moving
Ahead for Progress in the 21st Century
Act (MAP–21). However, funds
previously authorized for programs
repealed by MAP–21 remain available
for their originally authorized purposes
until the period of availability expires,
the funds are fully expended, the funds
are rescinded by Congress, or the funds
are otherwise reallocated.
VerDate Sep<11>2014
18:41 May 07, 2018
Jkt 244001
Annual Estimated Total Burden
Hours: 50 hours.
William Hyre,
Deputy Associate Administrator for
Administration.
[FR Doc. 2018–09723 Filed 5–7–18; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Registration of Mortgage Loan
Originators
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: 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.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: You should submit written
comments by: June 7, 2018.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: 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.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0243’’ in your comment. In general, the
OCC will publish them on
www.reginfo.gov without change,
SUMMARY:
PO 00000
Frm 00125
Fmt 4703
Sfmt 4703
20911
including any business or personal
information that you provide, such as
name and address information, email
addresses, or phone numbers.
Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0243, U.S. Office of
Management and Budget, 725 17th
Street NW, #10235, Washington, DC
20503 or by email to oira_submission@
omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection 1 following the
close of the 30-Day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0243’’ or ‘‘Registration of
Mortgage Loan Originators.’’ Upon
finding the appropriate information
collection, click on the related ‘‘ICR
Reference Number.’’ On the next screen,
select ‘‘View Supporting Statement and
Other Documents’’ and then click on the
link to any comment listed at the bottom
of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. 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 to security
screening in order to inspect comments.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490 or, for persons
1 On February 6, 2018, the OCC published a 60Day notice for this information collection. The
comments can be viewed on www.reginfo.gov.
Please follow the instructions listed in this notice
to view them.
E:\FR\FM\08MYN1.SGM
08MYN1
sradovich on DSK3GMQ082PROD with NOTICES
20912
Federal Register / Vol. 83, No. 89 / Tuesday, May 8, 2018 / Notices
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. The OCC is
requesting that OMB extend its approval
of the following collection.
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) 2 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.
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
2 The S.A.F.E. Act was enacted as part of the
Housing and Economic Recovery Act of 2008,
Public Law 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
18:41 May 07, 2018
Jkt 244001
the SAFE Act.3 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 1007.4 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.5
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
3 75 FR 44656 (July 28, 2010), as corrected in 75
FR 51623 (Aug. 23, 2010).
4 76 FR 78487 (Dec. 19, 2011).
5 See section 1025 of the Dodd-Frank Act,
codified at 12 U.S.C. 5515.
PO 00000
Frm 00126
Fmt 4703
Sfmt 4703
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: Regular.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
85,353.
Estimated Total Annual Burden:
51,384 hours.
The OCC issued a notice for 60 days
of comment regarding this collection on
February 6, 2018, 83 FR 5293. No
comments were received. Comments
continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the 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.
Dated: May 2, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel.
[FR Doc. 2018–09779 Filed 5–7–18; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Toll-Free Phone Line
Project Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
An open meeting of the
Taxpayer Advocacy Panel Toll-Free
Phone Line Project Committee will be
SUMMARY:
E:\FR\FM\08MYN1.SGM
08MYN1
]]>Agencies
[Federal Register Volume 83, Number 89 (Tuesday, May 8, 2018)]
[Notices]
[Pages 20911-20912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-09779]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Registration of Mortgage Loan
Originators
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: 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.'' The OCC also is giving notice that it has sent the
collection to OMB for review.
DATES: You should submit written comments by: June 7, 2018.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: 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.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0243'' in your comment. In general, the OCC will publish them on
www.reginfo.gov without change, including any business or personal
information that you provide, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0243, U.S. Office of Management and Budget, 725 17th
Street NW, #10235, Washington, DC 20503 or by email to
[email protected].
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-Day
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------
\1\ On February 6, 2018, the OCC published a 60-Day notice for
this information collection. The comments can be viewed on
www.reginfo.gov. Please follow the instructions listed in this
notice to view them.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0243'' or ``Registration of Mortgage Loan Originators.''
Upon finding the appropriate information collection, click on the
related ``ICR Reference Number.'' On the next screen, select ``View
Supporting Statement and Other Documents'' and then click on the link
to any comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. 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 to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490 or, for persons
[[Page 20912]]
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. The OCC is
requesting that OMB extend its approval of the following collection.
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) \2\ 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.
---------------------------------------------------------------------------
\2\ The S.A.F.E. Act was enacted as part of the Housing and
Economic Recovery Act of 2008, Public Law 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.\3\ 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.\4\ 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.\5\
---------------------------------------------------------------------------
\3\ 75 FR 44656 (July 28, 2010), as corrected in 75 FR 51623
(Aug. 23, 2010).
\4\ 76 FR 78487 (Dec. 19, 2011).
\5\ 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: Regular.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 85,353.
Estimated Total Annual Burden: 51,384 hours.
The OCC issued a notice for 60 days of comment regarding this
collection on February 6, 2018, 83 FR 5293. No comments were received.
Comments continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the 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.
Dated: May 2, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel.
[FR Doc. 2018-09779 Filed 5-7-18; 8:45 am]
BILLING CODE 4810-33-P
