[Federal Register Volume 77, Number 142 (Tuesday, July 24, 2012)]
[Notices]
[Pages 43283-43284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-17986]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal
agencies to take this opportunity to comment on renewal of an existing
information collection, as required by the Paperwork Reduction Act of
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments
on renewal of the information collection described below.
DATES: Comments must be submitted on or before September 24, 2012.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/notices.html
Email: [email protected] Include the name of the
collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room
NYA-5050, Federal Deposit Insurance Corporation, 550 17th Street NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A copy of
the comments may also be submitted to the OMB desk officer for the
FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
[[Page 43284]]
FOR FURTHER INFORMATION CONTACT: Leneta G. Gregorie, at the FDIC
address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
Title: Registration of Mortgage Loan Originators.
OMB Number: 3064-0171.
Total Estimated Annual Burden: 608,867 with a breakdown as
follows--
A. Financial Institution Policies and Procedures for Ensuring Employee-
Mortgage Loan Originator Compliance with S.A.F.E. Act Requirements
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually.
Estimated Time per Response: 20 hours.
Estimated Annual Burden: 81,600 hours.
B. Financial Institution Procedures To Track and Monitor Compliance
With S.A.F.E. Act Compliance
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually.
Estimated Time per Response: 60 hours.
Estimated Annual Burden: 244,800 hours.
C. Financial Institution Procedures for the Collection and Maintenance
of Employee Mortgage Loan Originators Criminal History Background
Reports
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually.
Estimated Time per Response: 20 hours.
Estimated Annual Burden: 81,600 hours.
D. Financial Institution Procedures for Public Disclosure of Mortgage
Loan Originator's Unique Identifier
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually
Estimated Time per Response: 25 hours.
Estimated Annual Burden: 102,000 hours.
E. Financial Institution Information Reporting to Registry
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually.
Estimated Time per Response: 15 minutes.
Estimated Annual Burden: 1,020 hours.
F. Financial Institution Procedures for the Collection of Employee
Mortgage Loan Originator's Fingerprints
Affected Public: FDIC-supervised institutions.
Estimated Number of Respondents: 4,080.
Frequency of Response: Annually.
Estimated Time per Response: 4 hours.
Estimated Annual Burden: 16,320 hours.
G. Mortgage Loan Originator Initial and Annual Renewal Registration
Reporting and Authorization Requirements
Affected Public: Employee Mortgage Loan Originators.
Estimated Number of Respondents: 59,292.
Frequency of Response: Annually.
Estimated Time per Response: 15 minutes.
Estimated Annual Burden: 14,823 hours.
H. Mortgage Loan Originator Registration Updates Upon Change in
Circumstances
Affected Public: Employee Mortgage Loan Originators.
Estimated Number of Respondents: 29,646.
Frequency of Response: On occasion.
Estimated Time per Response: 15 minutes.
Estimated Annual Burden: 7,412 hours.
I. Mortgage Loan Originator Procedures for Disclosure to Consumers of
Unique Identifier
Affected Public: Employee Mortgage Loan Originators.
Estimated Number of Respondents: 59,292.
Frequency of Response: Annually.
Estimated Time per Response: 1 hour.
Estimated Annual Burden: 59,292 hours.
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 information
collection 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.
Dated at Washington, DC, this 19th day of July 2012.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012-17986 Filed 7-23-12; 8:45 am]
BILLING CODE 6714-01-P