Agency Information Collection Activities: Submission for OMB Review; Comment Request (OMB No. 3064-0188), 48614-48615 [2019-19927]
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48614
Federal Register / Vol. 84, No. 179 / Monday, September 16, 2019 / Notices
• Commit to lead or collaborate with
others on implementing any of the
proposed actions.
• Provide additional information or
recommendations to inform these or
other proposed actions.
The goal is to issue a final Action Plan
that includes clear commitments and
milestones for actions that will further
water reuse to help ensure the
sustainability, security, and resilience of
the Nation’s water resources.
Dated: September 6, 2019.
David P. Ross,
Assistant Administrator, Office of Water.
[FR Doc. 2019–19984 Filed 9–13–19; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0188)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Agency information collection
activities: submission for OMB review;
comment request.
AGENCY:
The FDIC, as part of its
obligations under the Paperwork
SUMMARY:
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, Counsel, 202–898–3767,
mcabeza@fdic.gov, MB–3128, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On July
16, 2019, the FDIC requested comment
for 60 days on a proposal to renew the
information collection described below.
No comments were received. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of this collection, and again
invites comment on this renewal.
Proposal to renew the following
currently approved collection of
information:
1. Title: Appraisal for Higher-Priced
Mortgage Loans.
OMB Number: 3064–0188.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(3064–0188) on July 16, 2019, the FDIC
requested comment for 60 days on a
proposal to renew the information
collection described below. No
comments were received. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of this collection, and again
invites comment on this renewal.
DATES: Comments must be submitted on
or before October 16, 2019.
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. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Counsel, MB–3128, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• 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.
SUMMARY OF ANNUAL BURDEN AND INTERNAL COST
Estimated
time per
response
(hours)
Estimated
frequency of
responses
Obligation
to respond
Review and Provide Copy of Full Interior Appraisal.
Investigate and Verify Requirement
for Second Appraisal.
Conduct and Provide Second Appraisal.
Third Party Disclosure.
Recordkeeping ..........
Mandatory ......
1,300
13
0.14
On Occasion ..
2,366
Mandatory ......
1,300
8
0.14
On Occasion ..
1,456
Third Party Disclosure.
Mandatory ......
1,300
1
0.14
On Occasion ..
182
...................................
.........................
........................
........................
........................
.........................
4,004
General Description of Collection
Section 1471 of the Dodd-Frank Act
established a new Truth in Lending
(TILA) section 129H, which contains
appraisal requirements applicable to
higher-risk mortgages and prohibits a
creditor from extending credit in the
form of a higher-risk mortgage loan to
any consumer without meeting those
requirements. A higher-risk mortgage is
defined as a residential mortgage loan
secured by a principal dwelling with an
annual percentage rate (APR) that
exceeds the average prime offer rate
(APOR) for a comparable transaction as
of the date the interest rate is set by
certain enumerated percentage point
spreads. The rule requires that, within
VerDate Sep<11>2014
18:14 Sep 13, 2019
Jkt 247001
three days of application, a creditor
provide a disclosure that informs
consumers regarding the purpose of the
appraisal, that the creditor will provide
the consumer a copy of any appraisal,
and that the consumer may choose to
have a separate appraisal conducted at
the expense of the consumer. If a loan
meets the definition of a higher-risk
mortgage loan, then the creditor would
be required to obtain a written appraisal
prepared by a certified or licensed
appraiser who conducts a physical visit
of the interior of the property that will
secure the transaction, and send a copy
of the written appraisal to the consumer.
To qualify for the safe harbor provided
under the rule, a creditor is required to
review the written appraisal as specified
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
Frequency
of response
Total annual
estimated
burden
(hours)
Type of burden
Total Estimated Annual Burden
jspears on DSK3GMQ082PROD with NOTICES
Estimated
number of
respondents
Information collection (IC)
description
in the text of the rule and appendix A.
If a loan is classified as a higher-risk
mortgage loan that will finance the
acquisition of the property to be
mortgaged, and the property was
acquired within the previous 180 days
by the seller at a price that was lower
than the current sale price, then the
creditor is required to obtain an
additional appraisal. A creditor is
required to provide the consumer a copy
of the appraisal reports performed in
connection with the loan, without
charge, at least days prior to
consummation of the loan.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
E:\FR\FM\16SEN1.SGM
16SEN1
Federal Register / Vol. 84, No. 179 / Monday, September 16, 2019 / Notices
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September
11, 2019.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–19927 Filed 9–13–19; 8:45 am]
BILLING CODE 6714–01–P
48615
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of Receiverships
The Federal Deposit Insurance
Corporation (FDIC or Receiver), as
Receiver for each of the following
insured depository institutions, was
charged with the duty of winding up the
affairs of the former institutions and
liquidating all related assets. The
Receiver has fulfilled its obligations and
made all dividend distributions
required by law.
NOTICE OF TERMINATION OF RECEIVERSHIPS
Fund
10034
10144
10191
10307
10332
10523
................
................
................
................
................
................
Receivership name
City
County Bank .....................................................
Home Federal Savings Bank ............................
Bank of Illinois ..................................................
First Vietnamese American Bank .....................
Evergreen State Bank ......................................
Harvest Community Bank .................................
Merced ..............................................................
Detroit ...............................................................
Normal ..............................................................
Westminster ......................................................
Stoughton ..........................................................
Pennsville ..........................................................
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary,
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments, and deeds. Effective on the
termination dates listed above, the
Receiverships have been terminated, the
Receiver has been discharged, and the
Receiverships have ceased to exist as
legal entities.
Authority: 12 U.S.C. 1819.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September
11, 2019.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–19926 Filed 9–13–19; 8:45 am]
State
CA
MI
IL
CA
WI
NJ
Termination
date
9/1/2019
9/1/2019
9/1/2019
9/1/2019
9/1/2019
9/1/2019
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of
Intent To Terminate Receivership
Notice is hereby given that the Federal
Deposit Insurance Corporation (FDIC or
Receiver) as Receiver for the institution
listed below intends to terminate its
receivership for said institution.
BILLING CODE 6714–01–P
jspears on DSK3GMQ082PROD with NOTICES
NOTICE OF INTENT TO TERMINATE RECEIVERSHIP
Fund
Receivership name
City
State
4382 ..................
Citytrust .........................................................
Bridgeport .....................................................
CT
The liquidation of the assets for the
receivership has been completed. To the
extent permitted by available funds and
in accordance with law, the Receiver
will be making a final dividend
payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing,
identify the receivership to which the
VerDate Sep<11>2014
18:14 Sep 13, 2019
Jkt 247001
comment pertains, and sent within
thirty days of the date of this notice to:
Federal Deposit Insurance Corporation,
Division of Resolutions and
Receiverships, Attention: Receivership
Oversight Department 34.6, 1601 Bryan
Street, Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Authority: 12 U.S.C. 1819.
Federal Deposit Insurance Corporation.
PO 00000
Frm 00037
Fmt 4703
Sfmt 4703
Date of
appointment
of receiver
08/09/1991
Dated at Washington, DC, on September 9,
2019.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–19924 Filed 9–13–19; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of
Intent To Terminate Receivership
Notice is hereby given that the
Federal Deposit Insurance Corporation
(FDIC or Receiver) as Receiver for the
institution listed below intends to
E:\FR\FM\16SEN1.SGM
16SEN1
]]>Agencies
[Federal Register Volume 84, Number 179 (Monday, September 16, 2019)]
[Notices]
[Pages 48614-48615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19927]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request (OMB No. 3064-0188)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Agency information collection activities: submission for OMB
review; comment request.
-----------------------------------------------------------------------
SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995, invites the general public and other Federal
agencies to take this opportunity to comment on the renewal of the
existing information collection described below (3064-0188) on July 16,
2019, the FDIC requested comment for 60 days on a proposal to renew the
information collection described below. No comments were received. The
FDIC hereby gives notice of its plan to submit to OMB a request to
approve the renewal of this collection, and again invites comment on
this renewal.
DATES: Comments must be submitted on or before October 16, 2019.
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]. Include the name and number of
the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767), Counsel, MB-3128,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
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. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Counsel, 202-898-3767,
[email protected], MB-3128, Federal Deposit Insurance Corporation, 550
17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On July 16, 2019, the FDIC requested comment
for 60 days on a proposal to renew the information collection described
below. No comments were received. The FDIC hereby gives notice of its
plan to submit to OMB a request to approve the renewal of this
collection, and again invites comment on this renewal.
Proposal to renew the following currently approved collection of
information:
1. Title: Appraisal for Higher-Priced Mortgage Loans.
OMB Number: 3064-0188.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden and Internal Cost
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated
Information collection (IC) Obligation to Estimated Estimated time per Frequency of Total annual
description Type of burden respond number of frequency of response response estimated
respondents responses (hours) burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Review and Provide Copy of Full Third Party Mandatory........ 1,300 13 0.14 On Occasion...... 2,366
Interior Appraisal. Disclosure.
Investigate and Verify Recordkeeping.... Mandatory........ 1,300 8 0.14 On Occasion...... 1,456
Requirement for Second
Appraisal.
Conduct and Provide Second Third Party Mandatory........ 1,300 1 0.14 On Occasion...... 182
Appraisal. Disclosure.
------------------------------------------------ ---------------
Total Estimated Annual ................. ................. .............. .............. .............. ................. 4,004
Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection
Section 1471 of the Dodd-Frank Act established a new Truth in
Lending (TILA) section 129H, which contains appraisal requirements
applicable to higher-risk mortgages and prohibits a creditor from
extending credit in the form of a higher-risk mortgage loan to any
consumer without meeting those requirements. A higher-risk mortgage is
defined as a residential mortgage loan secured by a principal dwelling
with an annual percentage rate (APR) that exceeds the average prime
offer rate (APOR) for a comparable transaction as of the date the
interest rate is set by certain enumerated percentage point spreads.
The rule requires that, within three days of application, a creditor
provide a disclosure that informs consumers regarding the purpose of
the appraisal, that the creditor will provide the consumer a copy of
any appraisal, and that the consumer may choose to have a separate
appraisal conducted at the expense of the consumer. If a loan meets the
definition of a higher-risk mortgage loan, then the creditor would be
required to obtain a written appraisal prepared by a certified or
licensed appraiser who conducts a physical visit of the interior of the
property that will secure the transaction, and send a copy of the
written appraisal to the consumer. To qualify for the safe harbor
provided under the rule, a creditor is required to review the written
appraisal as specified in the text of the rule and appendix A. If a
loan is classified as a higher-risk mortgage loan that will finance the
acquisition of the property to be mortgaged, and the property was
acquired within the previous 180 days by the seller at a price that was
lower than the current sale price, then the creditor is required to
obtain an additional appraisal. A creditor is required to provide the
consumer a copy of the appraisal reports performed in connection with
the loan, without charge, at least days prior to consummation of the
loan.
There is no change in the method or substance of the collection.
The overall reduction in burden hours is the result of economic
fluctuation. In particular,
[[Page 48615]]
the number of respondents has decreased while the hours per response
and frequency of responses have remained the same.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September 11, 2019.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-19927 Filed 9-13-19; 8:45 am]
BILLING CODE 6714-01-P
