Notice of OFAC Sanctions Actions, 10512 [2020-03573]

Download as PDF lotter on DSKBCFDHB2PROD with NOTICES 10512 Federal Register / Vol. 85, No. 36 / Monday, February 24, 2020 / Notices consumers and promote the safety and soundness of creditors making higherpriced mortgage loans (HPMLs) subject to 12 CFR part 34, subpart G. This information is used by creditors to evaluate real estate collateral securing HPMLs subject to 12 CFR 1026.35(c) and by consumers entering these transactions. The collections of information are mandatory for creditors making HPMLs subject to 12 CFR part 34, subpart G. Under 12 CFR 34.203(e) and (f), a creditor must, no later than the third business day after the creditor receives a consumer’s application for an HPML, provide the consumer with a disclosure that informs the consumer that the creditor may order an appraisal to determine the value of the property and charge the consumer for that appraisal, that the creditor will provide the consumer with a copy of any appraisal, and that the consumer may choose to have an additional appraisal conducted at the expense of the consumer. If a loan is an HPML subject to 12 CFR 34.203(c), then, under 12 CFR 34.203(c)(1) and (2), the creditor is 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 (Written Appraisal) and provide a copy of the Written Appraisal to the consumer. Under 12 CFR 34.203(d)(1), a creditor is required to obtain an additional appraisal (Additional Written Appraisal) for an HPML that is subject to 12 CFR part 34, subpart G if: (1) The seller acquired the property securing the loan 90 or fewer days prior to the date of the consumer’s agreement to acquire the property and the price in the consumer’s agreement to acquire the property exceeds the seller’s acquisition price by more than 10 percent; or (2) the seller acquired the property securing the loan 91 to 180 days prior to the date of the consumer’s agreement to acquire the property and the price in the consumer’s agreement to acquire the property exceeds the seller’s acquisition price by more than 20 percent. Under 12 CFR 34.203(d)(3) and (4), the Additional Written Appraisal must meet the requirements described in 12 CFR 34.203(c)(1) and also include an analysis of: (1) The difference between the price at which the seller acquired the property and the price the consumer is obligated to pay to acquire the property; (2) changes in market conditions between the date the seller acquired the property and the date of the consumer’s agreement to acquire the property; and (3) any improvements made to the property between the date the seller acquired the property and the VerDate Sep<11>2014 18:30 Feb 21, 2020 Jkt 250001 date of the consumer’s agreement to acquire the property. Under 12 CFR 34.203(f), a creditor is required to provide the consumer with a copy of any Additional Written Appraisal. Affected Public: Businesses or other for-profit. Type of Submission: Regular. Burden Estimates: Estimated Number of Respondents: 1,134. Estimated Total Annual Burden: 292 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 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 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: February 14, 2020. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2020–03520 Filed 2–21–20; 8:45 am] BILLING CODE 4810–33–P Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622– 2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622–2490. SUPPLEMENTARY INFORMATION: Electronic Availability The Specially Designated Nationals and Blocked Persons List (SDN List) and additional information concerning OFAC sanctions programs are available on OFAC’s website (https:// www.treasury.gov/ofac). Notice of OFAC Actions On February 19, 2020, OFAC updated the SDN List for the following entity, whose property and interests in property continue to be blocked under the Foreign Narcotics Kingpin Designation Act. Entity 1. INVERSIONES CONTINENTAL, S.A. DE C.V. (a.k.a. GRUPO FINANCIERO CONTINENTAL; a.k.a. ‘‘GRUPO FINANCIERO’’), Entre la 9 y 10 Avenida, 1ra Calle, Boulevard Morazan, CC Nova, San Pedro Sula, Honduras; National ID No. 0101999501331 (Honduras); RTN 1019995013319 (Honduras) [SDNTK] The listing for the entity now appears as follows: 1. INVERSIONES CONTINENTAL, S.A. DE C.V. (a.k.a. GRUPO FINANCIERO CONTINENTAL; a.k.a. ‘‘GRUPO FINANCIERO’’), Entre la 9 y 10 Avenida, 1ra Calle, Boulevard Morazan, CC Nova, San Pedro Sula, Honduras; National ID No. 0501999514659 (Honduras); RTN 05019995146590 (Honduras) [SDNTK] Dated: February 19, 2020. Gregory T. Gatjanis, Associate Director, Office of Global Targeting. [FR Doc. 2020–03573 Filed 2–21–20; 8:45 am] DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions Office of Foreign Assets Control, Department of the Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an update to the identifying information of one entity currently included on OFAC’s list of Specially Designated Nationals and Blocked Persons. DATES: See SUPPLEMENTARY INFORMATION section for the date on which the update becomes effective. FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global SUMMARY: PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 BILLING CODE 4810–AL–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0021] Agency Information Collection Activity: VA Loan Electronic Reporting Interface (VALERI) System Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: The Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the SUMMARY: E:\FR\FM\24FEN1.SGM 24FEN1

Agencies

[Federal Register Volume 85, Number 36 (Monday, February 24, 2020)]
[Notices]
[Page 10512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03573]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Notice of OFAC Sanctions Actions

AGENCY: Office of Foreign Assets Control, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing an update to the identifying information 
of one entity currently included on OFAC's list of Specially Designated 
Nationals and Blocked Persons.

DATES: See SUPPLEMENTARY INFORMATION section for the date on which the 
update becomes effective.

FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global 
Targeting, tel.: 202-622-2420; Assistant Director for Licensing, tel.: 
202-622-2480; Assistant Director for Regulatory Affairs, tel.: 202-622-
4855; or Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202-622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    The Specially Designated Nationals and Blocked Persons List (SDN 
List) and additional information concerning OFAC sanctions programs are 
available on OFAC's website (https://www.treasury.gov/ofac).

Notice of OFAC Actions

    On February 19, 2020, OFAC updated the SDN List for the following 
entity, whose property and interests in property continue to be blocked 
under the Foreign Narcotics Kingpin Designation Act.

Entity

1. INVERSIONES CONTINENTAL, S.A. DE C.V. (a.k.a. GRUPO FINANCIERO 
CONTINENTAL; a.k.a. ``GRUPO FINANCIERO''), Entre la 9 y 10 Avenida, 
1ra Calle, Boulevard Morazan, CC Nova, San Pedro Sula, Honduras; 
National ID No. 0101999501331 (Honduras); RTN 1019995013319 
(Honduras) [SDNTK]

    The listing for the entity now appears as follows:

1. INVERSIONES CONTINENTAL, S.A. DE C.V. (a.k.a. GRUPO FINANCIERO 
CONTINENTAL; a.k.a. ``GRUPO FINANCIERO''), Entre la 9 y 10 Avenida, 
1ra Calle, Boulevard Morazan, CC Nova, San Pedro Sula, Honduras; 
National ID No. 0501999514659 (Honduras); RTN 05019995146590 
(Honduras) [SDNTK]

    Dated: February 19, 2020.
Gregory T. Gatjanis,
Associate Director, Office of Global Targeting.
[FR Doc. 2020-03573 Filed 2-21-20; 8:45 am]
BILLING CODE 4810-AL-P

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