[Federal Register Volume 79, Number 178 (Monday, September 15, 2014)]
[Notices]
[Pages 55070-55071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21965]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Fair Housing Home Loan Data System
Regulation
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The OCC, 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 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 renewal of its information
collection titled, ``Fair Housing Home Loan Data System Regulation.''
The OCC is also giving notice that it has sent the collection to OMB
for review.
DATES: You should submit your comments by October 15, 2014.
ADDRESSES: Because paper mail in the Washington, DC area and at the
OCC is subject to delay, commenters are encouraged to submit comments
by email if possible. Comments may be sent to: Legislative and
Regulatory Activities Division, Office of the Comptroller of the
Currency, Attention: 1557-0159, 400 7th Street SW., Suite 3E-218, Mail
Stop 9W-11, Washington, DC 20219. In addition, comments may be sent by
fax to (571) 465-4326 or by electronic mail to
[email protected]. You may personally inspect and photocopy
comments at the OCC, 400 7th Street SW., Washington, DC 20219. For
security reasons, the OCC requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 649-6700. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0318, U.S. Office of Management and Budget, 725 17th
Street NW., #10235, Washington, DC 20503, or by email to: oira
[email protected].
FOR FURTHER INFORMATION CONTACT: Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649-5490, for persons who are deaf or hard of
hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 400 7th Street
SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from OMB for each collection of
information they conduct or sponsor. ``Collection of information'' is
defined in 44 U.S.C.
[[Page 55071]]
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.
The OCC is proposing to extend approval of the following
information collection:
Title: Fair Housing Home Loan Data System Regulation.
OMB Control No.: 1557-0159.
Description: The Fair Housing Act (42 U.S.C. 3605) prohibits
discrimination in the financing of housing on the basis of race, color,
religion, sex, or national origin. The Equal Credit Opportunity Act (15
U.S.C. 1691 et seq.) prohibits discrimination in any aspect of a credit
transaction on the basis of race, color, religion, national origin,
sex, marital status, age, receipt of income from public assistance, or
exercise of any right under the Consumer Credit Protection Act (15
U.S.C. 1601 et seq.). The OCC is responsible for ensuring that national
banks and Federal savings associations comply with those laws. The OCC
needs this information to fulfill its statutory responsibilities.
The information collection requirements are as follows:
12 CFR 27.3(a) requires national banks that are required
to collect data on home loans under Regulation C \1\ to present the
data on Form FR HMDA-LAR,\2\ or in automated format in accordance with
the HMDA-LAR instructions, and to include one additional item (the
reason for denial) on the HMDA-LAR. Section 27.3(a) also lists
exceptions to the HMDA-LAR recordkeeping requirements. Federal savings
associations generate this information pursuant to the CFPB's
Regulation C, 12 CFR part 1003.
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\1\ 12 CFR 27.3(a) references Regulation C as 12 CFR part 203,
as it was adopted prior to the transfer of Regulation C to the
Consumer Financial Protection Bureau (CFPB). Regulation C is now
codified at 12 CFR part 1003.
\2\ Loan Application Register, http://www.ffiec.gov/hmda/pdf/hmdalar2011.pdf.
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12 CFR 27.3(b) lists the information national banks should
seek to obtain from an applicant as part of a home loan application,
and also sets forth the information that banks must disclose in
collecting certain information from an applicant.
12 CFR 27.3(c) sets forth additional information a
national bank must maintain in the loan file.
12 CFR 27.4 states that the OCC may require a national
bank to maintain a Fair Housing Inquiry/Application Log found in
Appendix III to part 27 if there is reason to believe that the bank is
engaging in discriminatory practices or if analysis of the data
compiled by the bank under the Home Mortgage Disclosure Act (12 U.S.C.
2801 et seq.) and 12 CFR part 203 indicates a pattern of significant
variation in the number of home loans between census tracts with
similar incomes and home ownership levels differentiated only by race
or national origin.
12 CFR 27.5 requires a national bank to maintain the
information required by Sec. 27.3 for 25 months after the bank
notifies the applicant of action taken on an application or after
withdrawal of an application.
12 CFR 27.7 requires a national bank to submit the
information required by Sec. Sec. 27.3 and 27.4 to the OCC upon its
request prior to a scheduled examination using the Monthly Home Loan
Activity Format form in Appendix I to part 27 and the Home Loan Data
Form in Appendix IV to part 27.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,927.
Estimated Total Annual Burden: 31,704 hours.
The OCC issued a Federal Register notice for 60 days of comment on
June 20, 2014. 79 FR 34513. No comments were received. Comments
continue to be 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
information collection;
(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.
Dated: September 10, 2014.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-21965 Filed 9-12-14; 8:45 am]
BILLING CODE 4810-33-P