Submission for OMB Review; Comment Request, 83625 [2020-28182]

Download as PDF Federal Register / Vol. 85, No. 246 / Tuesday, December 22, 2020 / Notices Call Report. The financial and statistical information is essential to NCUA in carrying out its responsibility for supervising corporate credit unions. The Federal Credit Union Act, 12 U.S.C. 1762, specifically requires federal credit unions to report the identity of credit union officials. Section 741.6(a) requires federally-insured credit unions to submit a Report of Officials annually to Swarnali Haldar, NCUA containing the annual Executive for Information Services/CIO. certification of compliance with security [FR Doc. 2020–28137 Filed 12–21–20; 8:45 am] requirements. The branch information is BILLING CODE 7515–01–P requested under the authority of § 741.6 of the NCUA Rules and Regulations. NCUA utilizes the information to NATIONAL CREDIT UNION monitor financial conditions in ADMINISTRATION corporate credit unions and to allocate supervision and examination resources. Submission for OMB Review; Type of Review: Revision of a Comment Request currently approved collection. Affected Public: Private Sector: NotAGENCY: National Credit Union for-profit institutions. Administration (NCUA). Estimated Total Annual Burden ACTION: Notice. Hours: 539. OMB Number: 3133–0186. SUMMARY: The National Credit Union Title: Higher-Risk Mortgage Administration (NCUA) will be Appraisals. submitting the following information Abstract: Section 1471 of the Doddcollection requests to the Office of Frank Act established Truth in Lending Management and Budget (OMB) for section 129H, which contains appraisal review and clearance in accordance requirements applicable to higher-risk with the Paperwork Reduction Act of mortgages and prohibits a creditor from 1995 on or after the date of publication extending credit in the form of a higherof this notice. risk mortgage loan to any consumer DATES: Comments should be received on or before January 21, 2021 to be assured without meeting those requirements. A higher-risk mortgage is defined as a of consideration. residential mortgage loan secured by a ADDRESSES: Written comments and principal dwelling with an annual recommendations for the proposed percentage rate that exceeds the average information collection should be sent prime offer rate for a comparable within 30 days of publication of this transaction as of the date the interest notice to www.reginfo.gov/public/do/ rate is set by certain enumerated PRAMain. Find this particular percentage point spreads. To implement information collection by selecting this statutory requirement, a final rule ‘‘Currently under 30-day Review—Open was promulgated to amend 12 CFR part for Public Comments’’ or by using the 1026, Regulation Z. search function. The recordkeeping and disclosure FOR FURTHER INFORMATION CONTACT: requirements prescribed under Copies of the submission may be § 1026.35 are necessary to protect obtained by contacting Dawn Wolfgang consumers, and promote the safety and at (703) 548–2279, emailing soundness of creditors making higherPRAComments@ncua.gov, or viewing risk mortgage loans. the entire information collection request Type of Review: Extension of a at www.reginfo.gov. currently approved collection. SUPPLEMENTARY INFORMATION: Affected Public: Private Sector: NotOMB Number: 3133–0067. for-profit institutions. Title: Corporate Credit Union Monthly Estimated Total Annual Burden Call Report and Annual Report of Hours: 276. Officers. By Melane Conyers-Ausbrooks, Form: NCUA 5310. Secretary of the Board, the National Abstract: Section 202(a)(1) of the Credit Union Administration, on Federal Credit Union Act (Act) requires December 16, 2020. federally insured credit unions to make Dated: December 17, 2020. reports of condition to the NCUA Board Dawn D. Wolfgang, upon dates selected by it. Corporate NCUA PRA Clearance Officer. credit unions report this information [FR Doc. 2020–28182 Filed 12–21–20; 8:45 am] monthly on NCUA Form 5310, also known as the Corporate Credit Union BILLING CODE 7535–01–P jbell on DSKJLSW7X2PROD with NOTICES collection is an application for a research card, which people need before they can access original records in a NARA facility. Respondents are individuals who wish to use original archival records. NARA uses the information to screen individuals, to identify which types of records they can use, and to allow further contact. VerDate Sep<11>2014 17:30 Dec 21, 2020 Jkt 253001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 83625 NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Fair Credit Reporting Disclosure and Recordkeeping Requirements National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995. DATES: Written comments should be received on or before February 22, 2021 to be assured consideration. ADDRESSES: Interested persons are invited to submit written comments on the information collection to Dawn Wolfgang, National Credit Union Administration, 1775 Duke Street, Suite 6032, Alexandria, Virginia 22314; Fax No. 703–548–2279; or email at PRAComments@NCUA.gov. Given the limited in-house staff because of the COVID–19 pandemic, email comments are preferred. FOR FURTHER INFORMATION CONTACT: Address requests for additional information to Dawn Wolfgang at the address above or telephone 703–548– 2279. SUMMARY: SUPPLEMENTARY INFORMATION: OMB Number: 3133–0165. Title: Fair Credit Reporting (FCRA). Type of Review: Extension of a currently approved collection. Abstract: The Fair Credit Reporting Act (FCRA) (15 U.S.C. 1681 et seq.) sets standards for the collection, communication, and use of information bearing on a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living. FCRA has been revised numerous times since it took effect, notably by passage of the Consumer Credit Reporting Reform Act of 1996, the Gramm-Leach-Bliley Act of 1999, and the Fair and Accurate Credit Transactions Act of 2003. The Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) amended a number of consumer financial protection laws, including most provisions of FCRA. In addition to substantive amendments, the DFA transferred rulemaking authority for E:\FR\FM\22DEN1.SGM 22DEN1

Agencies

[Federal Register Volume 85, Number 246 (Tuesday, December 22, 2020)]
[Notices]
[Page 83625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28182]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection requests to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995 on or after the date of 
publication of this notice.

DATES: Comments should be received on or before January 21, 2021 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0067.
    Title: Corporate Credit Union Monthly Call Report and Annual Report 
of Officers.
    Form: NCUA 5310.
    Abstract: Section 202(a)(1) of the Federal Credit Union Act (Act) 
requires federally insured credit unions to make reports of condition 
to the NCUA Board upon dates selected by it. Corporate credit unions 
report this information monthly on NCUA Form 5310, also known as the 
Corporate Credit Union Call Report. The financial and statistical 
information is essential to NCUA in carrying out its responsibility for 
supervising corporate credit unions. The Federal Credit Union Act, 12 
U.S.C. 1762, specifically requires federal credit unions to report the 
identity of credit union officials. Section 741.6(a) requires 
federally-insured credit unions to submit a Report of Officials 
annually to NCUA containing the annual certification of compliance with 
security requirements. The branch information is requested under the 
authority of Sec.  741.6 of the NCUA Rules and Regulations.
    NCUA utilizes the information to monitor financial conditions in 
corporate credit unions and to allocate supervision and examination 
resources.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 539.
    OMB Number: 3133-0186.
    Title: Higher-Risk Mortgage Appraisals.
    Abstract: Section 1471 of the Dodd-Frank Act established Truth in 
Lending 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 that exceeds the average prime offer rate for a 
comparable transaction as of the date the interest rate is set by 
certain enumerated percentage point spreads. To implement this 
statutory requirement, a final rule was promulgated to amend 12 CFR 
part 1026, Regulation Z.
    The recordkeeping and disclosure requirements prescribed under 
Sec.  1026.35 are necessary to protect consumers, and promote the 
safety and soundness of creditors making higher-risk mortgage loans.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 276.
    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on December 16, 2020.

    Dated: December 17, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-28182 Filed 12-21-20; 8:45 am]
BILLING CODE 7535-01-P