Agency Information Collection Activities: Information Collection Revision; Comment Request; Regulation C-Home Mortgage Disclosure, 55378-55379 [2019-22473]

Download as PDF 55378 Federal Register / Vol. 84, No. 200 / Wednesday, October 16, 2019 / Notices Issued on: October 9, 2019. Larry W. Minor, Associate Administrator for Policy. [FR Doc. 2019–22502 Filed 10–15–19; 8:45 am] BILLING CODE 4910–EX–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Revision; Comment Request; Regulation C—Home Mortgage Disclosure Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). An agency 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 revision of the information collection titled ‘‘Regulation C—Home Mortgage Disclosure.’’ SUMMARY: Comments must be submitted on or before December 16, 2019. 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: Chief Counsel’s Office, Attention: Comment Processing, 1557– 0345, Office of the Comptroller of the Currency, 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– 0345, in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the khammond on DSKJM1Z7X2PROD with NOTICES DATES: VerDate Sep<11>2014 17:10 Oct 15, 2019 Jkt 250001 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. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection 1 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 ‘‘Regulation C—Home Mortgage Disclosure.’’ 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 who are deaf or hearing impaired, TTY, (202) 649–5597, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 requires Federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each proposed revision of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing this notice. Title: Regulation C—Home Mortgage Disclosure Act. OMB Control Nos.: 1557–0345. Type of Review: Regular review. Description: Regulation C,2 which implements the Home Mortgage Disclosure Act 3 (HMDA) enacted in 1975, requires certain depository and non-depository institutions that make certain mortgage loans to collect, report, and disclose data about originations and purchases of mortgage loans, as well as loan applications that do not result in originations. HMDA generates loan data that can be used to: (1) Help determine whether financial institutions are serving the housing needs of their communities; (2) assist public officials in distributing public-sector investments so as to attract private investment to areas where it is needed; and (3) assist in identifying possible discriminatory lending patterns and enforcing anti-discrimination statutes. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 4 (the Dodd-Frank Act) transferred the authority to administer HMDA, including rulemaking authority, from the Board of Governors of the Federal Reserve System (Board) to the Consumer Financial Protection Bureau (CFPB), and transferred supervisory and enforcement authority for HMDA for depository institutions over $10 billion in consolidated assets from the Board, Federal Deposit Insurance Corporation, OCC, and National Credit Union Administration to the CFPB. On May 13, 2019, the CFPB issued a proposed rule to amend Regulation C to adjust the coverage thresholds.5 The proposal sets out two alternatives to increasing the closed-end institutional and transitional coverage threshold—to either 50 or 100 closed-end mortgage loans in each of the preceding two calendar years. In addition, the temporary threshold of 500 open-end lines of credit for open-end institutional and transactional coverage would extend to January 1, 2022. After the temporary extension expires, the open2 12 1 Following the close of this notice’s 60-day comment period, the OCC will publish a second notice with a 30-day comment period. PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 CFR part 1003. U.S.C. 2801–2811. 4 Public Law 111–203, July 21, 2010. 5 84 FR 20972. 3 12 E:\FR\FM\16OCN1.SGM 16OCN1 Federal Register / Vol. 84, No. 200 / Wednesday, October 16, 2019 / Notices end threshold would be 200 open-end lines of credit in each of the preceding two calendar years. Affected Public: Businesses or other for-profit. Burden Estimates for 2020 and 2021: Alternative A (threshold of 50 closedend mortgage loans): Estimated Number of Respondents: 518. Estimated Annual Burden: 415,658 hours. Frequency of Response: On occasion. Alternative B (threshold of 100 closed-end mortgage loans): Estimated Number of Respondents: 385. Estimated Annual Burden: 395,395 hours. Frequency of Response: On occasion. Comments: Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collections of information are 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 estimates of the information collection burden; (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: October 9, 2019. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2019–22473 Filed 10–15–19; 8:45 am] khammond on DSKJM1Z7X2PROD with NOTICES BILLING CODE 4810–33–P VerDate Sep<11>2014 17:10 Oct 15, 2019 Jkt 250001 55379 DEPARTMENT OF THE TREASURY Entity Office of Foreign Assets Control 1. BAHMAN GROUP, No. 37, Saba Boulevard, Africa Street, P.O. Box 14335– 835, Tehran 1917773844, Iran; website www.bahmangroup.com; Additional Sanctions Information—Subject to Secondary Sanctions [SDGT] [IFSR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). Designated pursuant to section 1(a)(iii)(C) of E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the ISLAMIC REVOLUTIONARY GUARD CORPS, an entity whose property and interests in property are blocked pursuant to E.O. 13224, as amended. Notice of OFAC Sanctions Action Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is updating the Federal Register notices for the entries of two persons on OFAC’s Specially Designated Nationals and Blocked Persons List based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: See SUPPLEMENTARY INFORMATION section for effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622–2490; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s website (www.treasury.gov/ofac). Notice of OFAC Action(s) On October 10, 2019, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following entity are blocked under the relevant sanctions authorities listed below. OFAC is updating the Federal Register notice for the entry of one entity on OFAC’s Specially Designated National and Blocked Persons List in order to identify the basis for designation for the entity listed below. PO 00000 Frm 00106 Fmt 4703 Sfmt 9990 Additionally, on October 10, 2019, OFAC updated the entry on the Specially Designated Nationals and Blocked Persons List for the following individual, whose property and interests in property subject to U.S. jurisdiction continue to be blocked under the relevant sanctions authorities listed below. Individual 1. ROSTAMIAN, Kambiz, Villa No 13, Cluster 31 Juemierah Islands, Dubai, United Arab Emirates; DOB 27 Aug 1960; Additional Sanctions Information—Subject to Secondary Sanctions; Passport RE0003026 (Saint Kitts and Nevis); alt. Passport I17217816 (Iran) (individual) [NPWMD] [IFSR]. -toROSTAMIAN, Kambiz, Villa No 13, Cluster 31 Juemierah Islands, Dubai, United Arab Emirates; DOB 27 Aug 1960; Additional Sanctions Information—Subject to Secondary Sanctions; Passport RE0003028 (Saint Kitts and Nevis); alt. Passport I17217816 (Iran) (individual) [NPWMD] [IFSR]. Designated on February 3, 2017 pursuant to section 1(a)(iv) of E.O. 13382 for acting for or on behalf of MKS INTERNATIONAL CO. LTD. and ROYAL PEARL GENERAL T.R.D., entities whose property and interests in property are blocked pursuant to E.O. 13382. Dated: October 10, 2019. Andrea Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2019–22499 Filed 10–15–19; 8:45 am] BILLING CODE 4810–AL–P E:\FR\FM\16OCN1.SGM 16OCN1

Agencies

[Federal Register Volume 84, Number 200 (Wednesday, October 16, 2019)]
[Notices]
[Pages 55378-55379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22473]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Revision; Comment Request; Regulation C--Home Mortgage Disclosure

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection as required by the Paperwork Reduction Act of 
1995 (PRA).
    An agency 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 revision of the 
information collection titled ``Regulation C--Home Mortgage 
Disclosure.''

DATES: Comments must be submitted on or before December 16, 2019.

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: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0345, Office of the Comptroller of the Currency, 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-
0345, in your comment. In general, the OCC will publish comments on 
www.reginfo.gov without change, including any business or personal 
information provided, 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.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------

    \1\ Following the close of this notice's 60-day comment period, 
the OCC will publish a second notice with a 30-day comment period.
---------------------------------------------------------------------------

     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 ``Regulation C--Home Mortgage Disclosure.'' 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 who are deaf or hearing 
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), 
federal agencies must obtain approval from the OMB for each collection 
of information that they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to 
include agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
Section 3506(c)(2)(A) of title 44 requires Federal agencies to provide 
a 60-day notice in the Federal Register concerning each proposed 
collection of information, including each proposed revision of an 
existing collection of information, before submitting the collection to 
OMB for approval. To comply with this requirement, the OCC is 
publishing this notice.
    Title: Regulation C--Home Mortgage Disclosure Act.
    OMB Control Nos.: 1557-0345.
    Type of Review: Regular review.
    Description: Regulation C,\2\ which implements the Home Mortgage 
Disclosure Act \3\ (HMDA) enacted in 1975, requires certain depository 
and non-depository institutions that make certain mortgage loans to 
collect, report, and disclose data about originations and purchases of 
mortgage loans, as well as loan applications that do not result in 
originations. HMDA generates loan data that can be used to: (1) Help 
determine whether financial institutions are serving the housing needs 
of their communities; (2) assist public officials in distributing 
public-sector investments so as to attract private investment to areas 
where it is needed; and (3) assist in identifying possible 
discriminatory lending patterns and enforcing anti-discrimination 
statutes.
---------------------------------------------------------------------------

    \2\ 12 CFR part 1003.
    \3\ 12 U.S.C. 2801-2811.
---------------------------------------------------------------------------

    The Dodd-Frank Wall Street Reform and Consumer Protection Act of 
2010 \4\ (the Dodd-Frank Act) transferred the authority to administer 
HMDA, including rulemaking authority, from the Board of Governors of 
the Federal Reserve System (Board) to the Consumer Financial Protection 
Bureau (CFPB), and transferred supervisory and enforcement authority 
for HMDA for depository institutions over $10 billion in consolidated 
assets from the Board, Federal Deposit Insurance Corporation, OCC, and 
National Credit Union Administration to the CFPB.
---------------------------------------------------------------------------

    \4\ Public Law 111-203, July 21, 2010.
---------------------------------------------------------------------------

    On May 13, 2019, the CFPB issued a proposed rule to amend 
Regulation C to adjust the coverage thresholds.\5\ The proposal sets 
out two alternatives to increasing the closed-end institutional and 
transitional coverage threshold--to either 50 or 100 closed-end 
mortgage loans in each of the preceding two calendar years. In 
addition, the temporary threshold of 500 open-end lines of credit for 
open-end institutional and transactional coverage would extend to 
January 1, 2022. After the temporary extension expires, the open-

[[Page 55379]]

end threshold would be 200 open-end lines of credit in each of the 
preceding two calendar years.
---------------------------------------------------------------------------

    \5\ 84 FR 20972.
---------------------------------------------------------------------------

    Affected Public: Businesses or other for-profit.
    Burden Estimates for 2020 and 2021:
    Alternative A (threshold of 50 closed-end mortgage loans):
    Estimated Number of Respondents: 518.
    Estimated Annual Burden: 415,658 hours.
    Frequency of Response: On occasion.
    Alternative B (threshold of 100 closed-end mortgage loans):
    Estimated Number of Respondents: 385.
    Estimated Annual Burden: 395,395 hours.
    Frequency of Response: On occasion.
    Comments: Comments submitted in response to this notice will be 
summarized and included in the request for OMB approval. All comments 
will become a matter of public record. Comments are invited on:
    (a) Whether the collections of information are 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 estimates of the information 
collection burden;
    (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: October 9, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-22473 Filed 10-15-19; 8:45 am]
 BILLING CODE 4810-33-P