Agency Information Collection Activities: Information Collection Renewal; Comment Request; Reverse Mortgage Products: Guidance for Managing Compliance and Risks, 21543-21544 [2025-09022]

Download as PDF Federal Register / Vol. 90, No. 96 / Tuesday, May 20, 2025 / Notices DECS reported that in 2024, its positive rate to its random drug testing program was .003 percent. By contrast, the overall positive rate for the truck and bus industries in 2023 as reported by FMCSA was 0.8 percent. DECS touts this is an impressive datapoint, especially given that most drivers in its random pool live and work in California, the first state in the nation to legalize marijuana. khammond on DSK9W7S144PROD with NOTICES V. FMCSA Decision FMCSA has evaluated the application and the public comments. FMCSA determined in 2020 that DECS’s process for identifying qualified drivers for member employers is uniquely designed to accommodate safety concerns related to drug and alcohol testing violations. The Agency continues to believe that the exemption will not jeopardize safety because the employer and/or their C/ TPA must conduct a full query if the limited query shows that information about the driver exists in the Clearinghouse. A driver’s specific consent for the full query would be provided electronically in the Clearinghouse as required under the existing regulations. At the same time, DECS will continue operating the database that it established prior to the Clearinghouse, thereby providing further means of identifying qualified drivers. FMCSA concludes that based on DECS’s existing processes, under the terms and conditions set forth below, the exemption is likely to achieve a level of safety that is equivalent to, or greater than, the level of safety that would be achieved in the absence of the exemption, in accordance with 49 U.S.C. 31315(b)(1). VI. Exemption FMCSA grants DECS an exemption from 49 CFR 382.701(a)(2). Under this exemption, DECS may conduct a limited query of the Clearinghouse before one of its member employers hires a driver for a project, rather than conducting a full pre-employment query. If the limited query indicates that information about the driver exists in the Clearinghouse, the driver is not permitted to perform safety-sensitive functions unless and until a full query subsequently shows that the driver is not prohibited from operating a CMV. The exemption from the requirements of 49 CFR 382.701(a)(2) is effective from May 28, 2025, through May 28, 2030, 11:59 p.m. local time. A. Applicability of Exemption This exemption is applicable to DECS members that employ CDL holders who are subject to the drug and alcohol VerDate Sep<11>2014 16:50 May 19, 2025 Jkt 265001 testing requirements under 49 CFR part 382 while providing transportation services to or from theatrical, commercial, television, or motion picture production sites. B. Terms and Conditions 1. DECS and its member employers must maintain operation of the DOT Violation Database, as described in the exemption application. 2. DECS, on behalf of its members, must: a. Obtain the results of a limited query of FMCSA’s Clearinghouse for each driver hired to operate a CMV for a member employer if a full query is not practicable. b. Conduct a full query of FMCSA’s Clearinghouse for each driver whose limited query results indicate information about the driver exists in the Clearinghouse, and, in accordance with current regulations, must not permit the driver to perform safety sensitive functions if the results of the full query indicate the driver is prohibited from doing so. c. Provide FMCSA with a list of the names and USDOT numbers of the motor carriers operating under the exemption to MCPSD@dot.gov annually and upon request. 3. DECS, acting as a C/TPA, must: a. Request, obtain, and retain limited query consent forms from drivers on behalf of its member employers, in accordance with the regulations. b. Report drivers’ controlled substance and alcohol violations to FMCSA’s Clearinghouse, in accordance with the regulations. c. Conduct full queries for each new driver who has not previously operated for any member employer. C. Preemption In accordance with 49 U.S.C. 31315(d), as implemented by 49 CFR 381.600, during the period this exemption is in effect, no State shall enforce any law or regulation applicable to interstate commerce that conflicts with or is inconsistent with this exemption with respect to a firm or person operating under the exemption. States may, but are not required to, adopt the same exemption with respect to operations in intrastate commerce. VII. Termination FMCSA does not believe the drivers covered by this exemption will experience any deterioration of their safety record. However, the exemption will be rescinded if: (1) DECS, or the drivers operating under the exemption fail to comply with the terms and conditions of the exemption; (2) the PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 21543 exemption has resulted in a lower level of safety than was maintained before it was granted; or (3) continuation of the exemption would not be consistent with the goals and objects of 49 U.S.C. 31136(e) and 31315(b). Sue Lawless, Assistant Administrator. [FR Doc. 2025–08945 Filed 5–19–25; 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 Renewal; Comment Request; Reverse Mortgage Products: Guidance for Managing Compliance and Risks 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 comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is 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 renewal of its information collection titled, ‘‘Reverse Mortgage Products: Guidance for Managing Compliance and Risks’’ (Guidance). DATES: Comments must be received by July 21, 2025. 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, Office of the Comptroller of the Currency, Attention: 1557–0246, 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) 293–4835. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘1557– 0246’’ in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal SUMMARY: E:\FR\FM\20MYN1.SGM 20MYN1 khammond on DSK9W7S144PROD with NOTICES 21544 Federal Register / Vol. 90, No. 96 / Tuesday, May 20, 2025 / Notices 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. Following the close of this notice’s 60-day comment period, the OCC will publish a second notice with a 30-day comment period. 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 by the method set forth in the next bullet. • Viewing Comments Electronically: Go to www.reginfo.gov. Hover over the ‘‘Information Collection Review’’ tab and click on ‘‘Information Collection Review’’ from the drop-down menu. From the ‘‘Currently Under Review’’ drop-down menu, select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching OMB control number ‘‘1557– 0246’’ or ‘‘Reverse Mortgage Products: Guidance for Managing Compliance and Risks.’’ 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. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649–5490, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. 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 generally requires Federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of VerDate Sep<11>2014 16:50 May 19, 2025 Jkt 265001 information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the renewal/ revision of this collection. Title: Reverse Mortgage Products: Guidance for Managing Compliance and Risks. OMB Control No.: 1557–0246. Type of Review: Regular. Affected Public: Businesses or other for-profit. Description: On August 17, 2010, the OCC, FDIC, FRB, and NCUA issued Guidance 1 focusing on providing adequate information to consumers about reverse mortgage products, providing qualified independent counseling to consumers considering these products, and avoiding potential conflicts of interest. The Guidance also addresses related policies, procedures, internal controls, and third-party risk management. • The information collection requirements contained in the Guidance address the implementation of policies and procedures, training, and program maintenance. The Guidance states that institutions offering reverse mortgages should have written policies and procedures that prohibit the practice of directing a consumer to a particular counseling agency or contacting a counselor on the consumer’s behalf. • Policies should be clear so that originators do not have an inappropriate incentive to sell other products that appear linked to the granting of a mortgage. • Legal and compliance reviews should include oversight of compensation programs so that lending personnel are not improperly encouraged to direct consumers to particular products. • Training should be designed so that relevant lending personnel are able to convey information to consumers about product terms and risks in a timely, accurate, and balanced manner. Estimated Frequency of Response: On occasion. Estimated Number of Respondents: 12. Estimated Total Annual Burden: 136 hours. 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 1 75 PO 00000 FR 50801. Frm 00102 Fmt 4703 Sfmt 4703 performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (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. Patrick T. Tierney, Assistant Director, Office of the Comptroller of the Currency. [FR Doc. 2025–09022 Filed 5–19–25; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Action Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN 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: This action was issued on May 15, 2025. See SUPPLEMENTARY INFORMATION for relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, 202–622–2420; Assistant Director for Sanctions Compliance, 202– 622–2490 or https://ofac.treasury.gov/ contact-ofac. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available on OFAC’s website: https://ofac.treasury.gov. Notice of OFAC Action On May 15, 2025, OFAC determined that the property and interests in E:\FR\FM\20MYN1.SGM 20MYN1

Agencies

[Federal Register Volume 90, Number 96 (Tuesday, May 20, 2025)]
[Notices]
[Pages 21543-21544]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-09022]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Reverse Mortgage Products: Guidance for 
Managing Compliance and Risks

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 comment on a continuing information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA). 
In accordance with the requirements of the PRA, the OCC may not conduct 
or sponsor, and the respondent is 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 renewal of its information collection titled, 
``Reverse Mortgage Products: Guidance for Managing Compliance and 
Risks'' (Guidance).

DATES: Comments must be received by July 21, 2025.

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, Office of the Comptroller of the Currency, Attention: 1557-
0246, 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) 293-4835.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0246'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal

[[Page 21544]]

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.
    Following the close of this notice's 60-day comment period, the OCC 
will publish a second notice with a 30-day comment period. 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 by the method set forth in the next 
bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently Under Review'' drop-down menu, select ``Department of 
Treasury'' and then click ``submit.'' This information collection can 
be located by searching OMB control number ``1557-0246'' or ``Reverse 
Mortgage Products: Guidance for Managing Compliance and Risks.'' 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

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 generally requires Federal agencies 
to provide a 60-day notice in the Federal Register concerning each 
proposed collection of information, including each proposed extension 
of an existing collection of information, before submitting the 
collection to OMB for approval. To comply with this requirement, the 
OCC is publishing notice of the renewal/revision of this collection.
    Title: Reverse Mortgage Products: Guidance for Managing Compliance 
and Risks.
    OMB Control No.: 1557-0246.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Description: On August 17, 2010, the OCC, FDIC, FRB, and NCUA 
issued Guidance \1\ focusing on providing adequate information to 
consumers about reverse mortgage products, providing qualified 
independent counseling to consumers considering these products, and 
avoiding potential conflicts of interest. The Guidance also addresses 
related policies, procedures, internal controls, and third-party risk 
management.
---------------------------------------------------------------------------

    \1\ 75 FR 50801.
---------------------------------------------------------------------------

     The information collection requirements contained in the 
Guidance address the implementation of policies and procedures, 
training, and program maintenance. The Guidance states that 
institutions offering reverse mortgages should have written policies 
and procedures that prohibit the practice of directing a consumer to a 
particular counseling agency or contacting a counselor on the 
consumer's behalf.
     Policies should be clear so that originators do not have 
an inappropriate incentive to sell other products that appear linked to 
the granting of a mortgage.
     Legal and compliance reviews should include oversight of 
compensation programs so that lending personnel are not improperly 
encouraged to direct consumers to particular products.
     Training should be designed so that relevant lending 
personnel are able to convey information to consumers about product 
terms and risks in a timely, accurate, and balanced manner.
    Estimated Frequency of Response: On occasion.
    Estimated Number of Respondents: 12.
    Estimated Total Annual Burden: 136 hours.
    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 burden of the 
collection of information;
    (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.

Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-09022 Filed 5-19-25; 8:45 am]
BILLING CODE 4810-33-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.