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