Agency Information Collection Activities; Proposed Information Collection: Appraiser Profession Survey, 17224-17226 [2023-05838]
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17224
Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0177]
Number of
responses per
respondent
Number of
respondents
Time per
response
(HH:MM)
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Annual burden
(hours)
1. Credit performance and changes
to compensation arrangements, 12
CFR 360.6(b)(2)(i)(C) & (D) (Mandatory).
2. Securitization structure and initial
compensation arrangements, 12
CFR 360.6(b)(2)(i)(B) & (D) (Mandatory).
3. Residential mortgages: loan-level
information and sponsor’s disclosure of third-party due diligence
report
on
compliance
with
360.6(b)(2)(ii)(B),
12
CFR
360.6(b)(2)(ii)(A) & (B) (Mandatory).
4. Residential mortgages: servicer or
affiliate ownership interests, 12
CFR 360.6(b)(2)(ii)(C) (Mandatory).
5. Securitization documents, 12 CFR
360.6(c)(7) (Mandatory).
Disclosure (Monthly) ........................
28
125.857
02:00
7,048
Disclosure (On Occasion) ................
28
10.488
03:00
882
Disclosure (On Occasion) ................
3
3.667
02:00
22
Disclosure (On Occasion) ................
19
4.789
01:00
91
Recordkeeping (On Occasion) .........
28
10.488
01:00
294
Total Annual Burden (Hours): ....
...........................................................
........................
........................
........................
8,337
lotter on DSK11XQN23PROD with NOTICES1
Source: FDIC.
General Description of Collection:
Section 360.6 of the FDIC’s regulations
sets forth certain conditions that must
be satisfied for a securitization
transaction sponsored by an insured
depository institution to be eligible for
special treatment in the event that the
FDIC is appointed receiver for the
sponsor. Among other conditions, the
securitization documents must require
compliance with certain disclosure
requirements (including the
requirements of Regulation AB of the
Securities and Exchange Commission).
Conditions of eligibility for special
treatment for participations in financial
assets under § 360.6 are also set forth.
Based upon a closer review of the Rule,
the FDIC has re-categorized the
information collection requirements in
12 CFR 360.6 into five distinct
information collections (ICs) covering:
(1) periodic disclosures of credit
performance or changes to initial
compensation arrangements under 12
CFR 360.6(b)(2)(i)(C) and (D); (2)
disclosures of initial compensation
arrangements and securitization
structure under 12 CFR 360.6(b)(2)(i)(B)
and (D); (3) sponsors’ disclosures of
loan-level information and third-party
due diligence reports for RMBSs under
12 CFR 360.6(b)(2)(ii)(A) and (B); (4)
servicers’ disclosures of servicer or
affiliate ownership interests for
securitizations in which the assets
include residential mortgage loans
under 12 CFR 360.6(b)(2)(ii)(C); and (5)
a recordkeeping requirement that the
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Jkt 259001
closing documents of a securitization be
maintained in a readily accessible form
under 12 CFR 360.6(c)(7). The burden
associated with these five categories are
enumerated in the estimated burden
table which now identifies the
regulatory authorities for each IC.
While there is no change in the
substance of the information collection,
the ICR is being revised to reflect the recategorization of the PRA requirements
in 12 CFR 360.6 into five distinct ICs.
The additional IC was added to this ICR
to recognize the periodic credit
performance disclosure requirement.
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.
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
Dated at Washington, DC, on March 17,
2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–05883 Filed 3–21–23; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
[Docket No. AS23–02]
Agency Information Collection
Activities; Proposed Information
Collection: Appraiser Profession
Survey
Appraisal Subcommittee of the
Federal Financial Institutions
Examination Council (ASC).
ACTION: Notice and request for comment.
AGENCY:
The ASC is seeking approval
from the Office of Management and
Budget (OMB) for the information
collection described below. In
accordance with the Paperwork
Reduction Act, ASC is requesting
comments from all interested parties on
the proposed collection of information.
The purpose of this notice is to allow for
60 days of public comment.
DATES: Comments will be accepted until
May 22, 2023.
ADDRESSES: Commenters are encouraged
to submit comments by the Federal
eRulemaking Portal or email, if possible.
You may submit comments, identified
SUMMARY:
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Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices
by Docket Number AS23–02, by any of
the following methods:
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: webmaster@asc.gov. Include
the docket number AS23–02 in the
subject line of the message.
• Mail: Address to Appraisal
Subcommittee, Attn: Lori Schuster,
Management and Program Analyst, 1325
G Street NW, Suite 500, Washington, DC
20005.
• Hand Delivery/Courier: Appraisal
Subcommittee, 1325 G Street NW, Suite
500, Washington, DC 20005.
In general, the ASC will enter all
comments received on the Federal
eRulemaking (Regulations.gov) website
without change, including any business
or personal information that you
provide, 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. At the
close of the comment period, all public
comments will also be made available
on the ASC’s website at https://
www.asc.gov (follow link in ‘‘News and
Events’’) as submitted, unless modified
for technical reasons.
FOR FURTHER INFORMATION CONTACT: Lori
Schuster, Management and Program
Analyst, lori@asc.gov, (202) 595–7578,
or Juan Burgos, Acting General Counsel,
juan@asc.gov, (202) 792–1170, ASC,
1325 G Street NW, Suite 500,
Washington, DC 20005. The above
phone numbers are not toll-free
numbers. Persons with hearing or
speech impairments may access these
numbers through TTY by calling the
toll-free Federal Relay Service at (800)
877–8339.
SUPPLEMENTARY INFORMATION: This
notice informs the public that the ASC
is seeking approval from OMB for the
information collection described in
Section A below.
lotter on DSK11XQN23PROD with NOTICES1
A. Overview of Information Collection
Title of Information Collection:
Appraiser Profession Survey.
OMB Number: New Collection.
Type of Request: New Collection.
Form Number: N/A.
Description of the need for the
information and proposed use: The
importance of the appraisal industry
and appraisers in the mortgage
financing industry and other financial
services cannot be exaggerated.
Appraisals provide an objective
assessment of a property’s value and
condition, which is essential for lending
industries to mitigate risks, and for
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16:52 Mar 21, 2023
Jkt 259001
current and prospective homeowners or
sellers to make informed decisions
regarding moving forward with a
transaction. Under section 1103 of the
Financial Institutions Reform, Recovery,
and Enforcement Act of 1989 (FIRREA),
the ASC has the authority to monitor the
requirements established by States for
the certification and licensing of
individuals who are qualified to
perform appraisals in connection with
federally related transactions, including
a code of professional responsibility.1 In
addition, under section 1106 of FIRREA
the ASC has the authority to take
testimony, receive evidence, provide
information, and perform research, as it
considers appropriate.2 On June 1, 2021,
President Biden launched the Property
Appraisal and Valuation Equity (PAVE)
Task Force, made up of 13 Federal
agencies and offices, and charged with
developing actions and
recommendations to foster a more
equitable home appraisal industry. In
the PAVE Action Plan, released last
year, the PAVE Task Force recognizes
the barriers presented to women and
communities of color in gaining access
to the appraisal profession.3
Additionally, various studies, and other
third party information from across the
country indicate that there are
significant barriers to entry to the
appraisal profession that are negatively
impacting diversity and supply in the
profession.4 Hence, the ASC is
proposing a collection of information
directly from appraisal professionals,
who belong to underserved
communities that historically have been
denied equitable treatment due to their
race or ethnicity, or both.5 The
Appraiser Profession Survey will result
in data that are needed for the ASC to
better understand the challenges facing
the appraisal industry today including
barriers to entry into the profession and
appraiser shortages. The objective is, in
part, to collect new data about real
estate appraisers of single-family
residential properties. This data
collection will improve the ASC’s
understanding of the current
1 12
U.S.C. 3332.
U.S.C. 3335.
3 https://pave.hud.gov/sites/pave.hud.gov/files/
documents/PAVEActionPlan.pdf.
4 See, e.g., National Fair Housing Alliance Report
‘‘Appraisal Standards and Appraiser Criteria
Report’’ at https://nationalfairhousing.org/issue/
issue-appraisal-bias/.
5 See Executive Order No. 14091 (‘‘Further
Advancing Racial Equity and Support for
Underserved Communities Through the Federal
Government’’); and Executive Order No. 13985
(‘‘Advancing Racial Equity and Support for
Underserved Communities Through the Federal
Government’’); see also 62 FR 58782 (Revisions to
the Standards for the Classification of Federal Data
on Race and Ethnicity).
2 12
PO 00000
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Fmt 4703
Sfmt 4703
17225
demographics of the appraisal
profession, barriers to entry for aspiring
appraisers, especially women and
persons from underserved communities
historically denied equitable treatment
due to their race or ethnicity, or both,
current trends and patterns of the
appraisal practice, including the use of
new valuation technologies and
appraisal engagement practices,
geographic differences in the number of
appraisers in urban and rural areas; and
potential market imbalances between
appraiser supply and demand. These
data are not available elsewhere and are
essential to ASC policy development.
Data collection will focus on
characteristics of appraisers that are not
available in other data sources, such as
the ASC’s National Registry of certified
and licensed appraisers. Furthermore,
under federal law, certain minimum
appraisal standards and appraiser
qualifications are set by the Appraisal
Foundation’s (TAF) Appraisal
Standards Board and Appraiser
Qualifications Board, respectively.6
Accordingly, of interest to the ASC are
the real world experiences of active
appraisers and the potential impacts of
TAF’s policies and to what extent
appraiser training requirements are
relevant to the necessary experience
needed to enter the profession. Of
particular interest to the ASC is how
TAF policies may disproportionately
affect aspiring appraisers who
historically have been denied equitable
treatment because of their race or
ethnicity, or both. The survey will use
online data collection and solicit
responses by email and U.S. postal mail.
The ASC will use appropriate statistical
sampling techniques and existing
datasets to draw the sample. The ASC
may work with private sector providers
and membership associations to identify
prospective respondents to the survey.
The ASC will draw a representative
sample of the appraisers in the ASC
Appraiser Registry and oversample
appraisers that historically have been
denied equitable treatment because of
their race or ethnicity, or both. Based on
the U.S. Bureau of Labor Statistics (BLS)
reports from 2022, there are an
estimated 100,000 property appraisers
and assessors (appraisers cannot be
separated from assessors). Of this group
of 100,000 persons, approximately 7,600
are persons of color (non-white) and
approximately 7,800 are persons who
identify as Hispanic or Latino.7 Because
persons who historically have been
denied equitable treatment because of
their race or ethnicity, or both, is a
6 12
U.S.C. 3331, 3339 and 3345.
https://www.bls.gov/cps/cpsaat11.htm.
7 See
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17226
Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices
significant concern, ASC wants to
include the experiences of these
appraisers in the survey.
This Federal Register Notice provides
an opportunity for the public to
comment on the information collection
for the Appraiser Profession Survey.
The purpose of the survey is to learn
about the experiences of appraisers,
including women appraisers and
appraisers from underserved
communities (as defined by Executive
Order 14091), and to better understand
training practices and appraisal industry
practices. In addition to the survey, the
ASC plans to conduct in-depth
interviews with several types of groups:
appraisers who historically have been
denied equitable treatment because of
their race or ethnicity or both, women
Information collection
Number of
respondents
appraisers, rural appraisers, and urban
appraisers living or working, or both, in
historically underserved communities.
The ASC wants to better understand the
different experiences of urban and rural
appraisers, and appraisers who
historically have been denied equitable
treatment because of their race, or
ethnicity, or both.
Respondents: Residential real estate
appraisers, both active and inactive.
Estimated Number of Respondents:
This information collection will affect
approximately 1,500 respondents.
Estimated Time per Response: The
survey is expected to take up to 30
minutes.
Qualitative interviews with up to 75
respondents will take approximately 60
minutes to complete.
Frequency
of response
Responses
per annum
Burden hour
per response
Frequency of Response: One time for
all surveys and qualitative interviews.
Up to 75 appraisers may also be selected
for both the survey and interviews.
Estimated Total Annual Burden
Hours: 825 hours for all surveys and
qualitative interviews.
Estimated Total Annual Cost:
$27,786.00 for all surveys and
qualitative interviews.
Respondent’s Obligation:
Participation is voluntary.
Legal Authority: The collection of
information is conducted under sections
3506(c)(2)(a) and 3507 of the Paperwork
Reduction Act of 1995 (44 U.S.C.
3506(c)(2)(a) and 3507); 12 U.S.C. 3332
and 12 U.S.C. 3335.
Annual
burden hours
Hourly cost
per response
Cost
Appraiser survey ..........
Qualitative interviews ...
1,500
75
1
1
1
1
0.5
1
750
75
$33.68
33.68
$25,260.00
2,526.00
Total ......................
1,575
........................
........................
........................
825
........................
27,786.00
Source: National estimates for Property Appraisers and Assessors, Occupational Employment and Wages, May 2021. U.S. Bureau of Labor
Statistics (https://www.bls.gov/oes/current/oes132020.htm).
lotter on DSK11XQN23PROD with NOTICES1
To arrive at the dollar cost of the
estimated response burden, we have
used estimates from the BLS on average
hourly earnings in May 2021 for
Property Appraisers and Assessors.
U.S.C. 3506(c)(2)(a) and 3507); 12 U.S.C.
3332 and 12 U.S.C. 3335.
By the Appraisal Subcommittee.
James R. Park,
Executive Director.
B. Solicitation of Public Comment
[FR Doc. 2023–05838 Filed 3–21–23; 8:45 am]
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information would achieve the ASC’s
stated goals as discussed above or is
there is another method that the ASC
should consider;
(2) The accuracy of the ASC’s estimate
of the burden of the proposed collection
of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond, including with
appropriate automated collection
techniques or other forms of information
technology (e.g., permitting electronic
submission of responses).
ASC encourages interested parties to
submit comments in response to these
questions.
BILLING CODE 6700–01–P
C. Authority
Sections 3506(c)(2)(a) and 3507 of the
Paperwork Reduction Act of 1995 (44
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Jkt 259001
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than April 6, 2023.
A. Federal Reserve Bank of Cleveland
(Bryan S. Huddleston, Vice President)
1455 East Sixth Street, Cleveland, Ohio
44101–2566. Comments can also be sent
electronically to Comments.applications
@lev.frb.org:
1. David R. Ross, Edna K. Ross, and
Donna K. Ross, all of Whitley City,
Kentucky; to join the Ross Family
Group, a group acting in concert, to
acquire voting shares of McCreary
Bancshares, Inc., and thereby indirectly
acquire voting shares of United
Cumberland Bank, both of Whitley City,
Kentucky.
B. Federal Reserve Bank of Atlanta
(Erien O. Terry, Assistant Vice
President) 1000 Peachtree Street NE,
Atlanta, Georgia 30309; Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Melessa Gail Ruth, Savannah,
Tennessee, as trustee of the PB
Bancshares Inc. ESOP (ESOP), Clifton,
Tennessee; to retain voting shares of PB
Bancshares, Inc., and thereby indirectly
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]]>Agencies
[Federal Register Volume 88, Number 55 (Wednesday, March 22, 2023)]
[Notices]
[Pages 17224-17226]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05838]
=======================================================================
-----------------------------------------------------------------------
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
[Docket No. AS23-02]
Agency Information Collection Activities; Proposed Information
Collection: Appraiser Profession Survey
AGENCY: Appraisal Subcommittee of the Federal Financial Institutions
Examination Council (ASC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The ASC is seeking approval from the Office of Management and
Budget (OMB) for the information collection described below. In
accordance with the Paperwork Reduction Act, ASC is requesting comments
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 60 days of public comment.
DATES: Comments will be accepted until May 22, 2023.
ADDRESSES: Commenters are encouraged to submit comments by the Federal
eRulemaking Portal or email, if possible. You may submit comments,
identified
[[Page 17225]]
by Docket Number AS23-02, by any of the following methods:
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: [email protected]. Include the docket number AS23-
02 in the subject line of the message.
Mail: Address to Appraisal Subcommittee, Attn: Lori
Schuster, Management and Program Analyst, 1325 G Street NW, Suite 500,
Washington, DC 20005.
Hand Delivery/Courier: Appraisal Subcommittee, 1325 G
Street NW, Suite 500, Washington, DC 20005.
In general, the ASC will enter all comments received on the Federal
eRulemaking (Regulations.gov) website without change, including any
business or personal information that you provide, 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. At the close of
the comment period, all public comments will also be made available on
the ASC's website at https://www.asc.gov (follow link in ``News and
Events'') as submitted, unless modified for technical reasons.
FOR FURTHER INFORMATION CONTACT: Lori Schuster, Management and Program
Analyst, [email protected], (202) 595-7578, or Juan Burgos, Acting General
Counsel, [email protected], (202) 792-1170, ASC, 1325 G Street NW, Suite
500, Washington, DC 20005. The above phone numbers are not toll-free
numbers. Persons with hearing or speech impairments may access these
numbers through TTY by calling the toll-free Federal Relay Service at
(800) 877-8339.
SUPPLEMENTARY INFORMATION: This notice informs the public that the ASC
is seeking approval from OMB for the information collection described
in Section A below.
A. Overview of Information Collection
Title of Information Collection: Appraiser Profession Survey.
OMB Number: New Collection.
Type of Request: New Collection.
Form Number: N/A.
Description of the need for the information and proposed use: The
importance of the appraisal industry and appraisers in the mortgage
financing industry and other financial services cannot be exaggerated.
Appraisals provide an objective assessment of a property's value and
condition, which is essential for lending industries to mitigate risks,
and for current and prospective homeowners or sellers to make informed
decisions regarding moving forward with a transaction. Under section
1103 of the Financial Institutions Reform, Recovery, and Enforcement
Act of 1989 (FIRREA), the ASC has the authority to monitor the
requirements established by States for the certification and licensing
of individuals who are qualified to perform appraisals in connection
with federally related transactions, including a code of professional
responsibility.\1\ In addition, under section 1106 of FIRREA the ASC
has the authority to take testimony, receive evidence, provide
information, and perform research, as it considers appropriate.\2\ On
June 1, 2021, President Biden launched the Property Appraisal and
Valuation Equity (PAVE) Task Force, made up of 13 Federal agencies and
offices, and charged with developing actions and recommendations to
foster a more equitable home appraisal industry. In the PAVE Action
Plan, released last year, the PAVE Task Force recognizes the barriers
presented to women and communities of color in gaining access to the
appraisal profession.\3\ Additionally, various studies, and other third
party information from across the country indicate that there are
significant barriers to entry to the appraisal profession that are
negatively impacting diversity and supply in the profession.\4\ Hence,
the ASC is proposing a collection of information directly from
appraisal professionals, who belong to underserved communities that
historically have been denied equitable treatment due to their race or
ethnicity, or both.\5\ The Appraiser Profession Survey will result in
data that are needed for the ASC to better understand the challenges
facing the appraisal industry today including barriers to entry into
the profession and appraiser shortages. The objective is, in part, to
collect new data about real estate appraisers of single-family
residential properties. This data collection will improve the ASC's
understanding of the current demographics of the appraisal profession,
barriers to entry for aspiring appraisers, especially women and persons
from underserved communities historically denied equitable treatment
due to their race or ethnicity, or both, current trends and patterns of
the appraisal practice, including the use of new valuation technologies
and appraisal engagement practices, geographic differences in the
number of appraisers in urban and rural areas; and potential market
imbalances between appraiser supply and demand. These data are not
available elsewhere and are essential to ASC policy development. Data
collection will focus on characteristics of appraisers that are not
available in other data sources, such as the ASC's National Registry of
certified and licensed appraisers. Furthermore, under federal law,
certain minimum appraisal standards and appraiser qualifications are
set by the Appraisal Foundation's (TAF) Appraisal Standards Board and
Appraiser Qualifications Board, respectively.\6\ Accordingly, of
interest to the ASC are the real world experiences of active appraisers
and the potential impacts of TAF's policies and to what extent
appraiser training requirements are relevant to the necessary
experience needed to enter the profession. Of particular interest to
the ASC is how TAF policies may disproportionately affect aspiring
appraisers who historically have been denied equitable treatment
because of their race or ethnicity, or both. The survey will use online
data collection and solicit responses by email and U.S. postal mail.
The ASC will use appropriate statistical sampling techniques and
existing datasets to draw the sample. The ASC may work with private
sector providers and membership associations to identify prospective
respondents to the survey. The ASC will draw a representative sample of
the appraisers in the ASC Appraiser Registry and oversample appraisers
that historically have been denied equitable treatment because of their
race or ethnicity, or both. Based on the U.S. Bureau of Labor
Statistics (BLS) reports from 2022, there are an estimated 100,000
property appraisers and assessors (appraisers cannot be separated from
assessors). Of this group of 100,000 persons, approximately 7,600 are
persons of color (non-white) and approximately 7,800 are persons who
identify as Hispanic or Latino.\7\ Because persons who historically
have been denied equitable treatment because of their race or
ethnicity, or both, is a
[[Page 17226]]
significant concern, ASC wants to include the experiences of these
appraisers in the survey.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 3332.
\2\ 12 U.S.C. 3335.
\3\ https://pave.hud.gov/sites/pave.hud.gov/files/documents/PAVEActionPlan.pdf.
\4\ See, e.g., National Fair Housing Alliance Report ``Appraisal
Standards and Appraiser Criteria Report'' at https://nationalfairhousing.org/issue/issue-appraisal-bias/.
\5\ See Executive Order No. 14091 (``Further Advancing Racial
Equity and Support for Underserved Communities Through the Federal
Government''); and Executive Order No. 13985 (``Advancing Racial
Equity and Support for Underserved Communities Through the Federal
Government''); see also 62 FR 58782 (Revisions to the Standards for
the Classification of Federal Data on Race and Ethnicity).
\6\ 12 U.S.C. 3331, 3339 and 3345.
\7\ See https://www.bls.gov/cps/cpsaat11.htm.
---------------------------------------------------------------------------
This Federal Register Notice provides an opportunity for the public
to comment on the information collection for the Appraiser Profession
Survey. The purpose of the survey is to learn about the experiences of
appraisers, including women appraisers and appraisers from underserved
communities (as defined by Executive Order 14091), and to better
understand training practices and appraisal industry practices. In
addition to the survey, the ASC plans to conduct in-depth interviews
with several types of groups: appraisers who historically have been
denied equitable treatment because of their race or ethnicity or both,
women appraisers, rural appraisers, and urban appraisers living or
working, or both, in historically underserved communities. The ASC
wants to better understand the different experiences of urban and rural
appraisers, and appraisers who historically have been denied equitable
treatment because of their race, or ethnicity, or both.
Respondents: Residential real estate appraisers, both active and
inactive.
Estimated Number of Respondents: This information collection will
affect approximately 1,500 respondents.
Estimated Time per Response: The survey is expected to take up to
30 minutes.
Qualitative interviews with up to 75 respondents will take
approximately 60 minutes to complete.
Frequency of Response: One time for all surveys and qualitative
interviews. Up to 75 appraisers may also be selected for both the
survey and interviews.
Estimated Total Annual Burden Hours: 825 hours for all surveys and
qualitative interviews.
Estimated Total Annual Cost: $27,786.00 for all surveys and
qualitative interviews.
Respondent's Obligation: Participation is voluntary.
Legal Authority: The collection of information is conducted under
sections 3506(c)(2)(a) and 3507 of the Paperwork Reduction Act of 1995
(44 U.S.C. 3506(c)(2)(a) and 3507); 12 U.S.C. 3332 and 12 U.S.C. 3335.
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Number of Frequency of Responses per Burden hour Annual burden Hourly cost
Information collection respondents response annum per response hours per response Cost
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Appraiser survey........................ 1,500 1 1 0.5 750 $33.68 $25,260.00
Qualitative interviews.................. 75 1 1 1 75 33.68 2,526.00
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Total............................... 1,575 .............. .............. .............. 825 .............. 27,786.00
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Source: National estimates for Property Appraisers and Assessors, Occupational Employment and Wages, May 2021. U.S. Bureau of Labor Statistics (https://www.bls.gov/oes/current/oes132020.htm).
To arrive at the dollar cost of the estimated response burden, we
have used estimates from the BLS on average hourly earnings in May 2021
for Property Appraisers and Assessors.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of information described in
Section A on the following:
(1) Whether the proposed collection of information would achieve
the ASC's stated goals as discussed above or is there is another method
that the ASC should consider;
(2) The accuracy of the ASC's estimate of the burden of the
proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(4) Ways to minimize the burden of the collection of information on
those who are to respond, including with appropriate automated
collection techniques or other forms of information technology (e.g.,
permitting electronic submission of responses).
ASC encourages interested parties to submit comments in response to
these questions.
C. Authority
Sections 3506(c)(2)(a) and 3507 of the Paperwork Reduction Act of
1995 (44 U.S.C. 3506(c)(2)(a) and 3507); 12 U.S.C. 3332 and 12 U.S.C.
3335.
By the Appraisal Subcommittee.
James R. Park,
Executive Director.
[FR Doc. 2023-05838 Filed 3-21-23; 8:45 am]
BILLING CODE 6700-01-P
