[Federal Register Volume 81, Number 31 (Wednesday, February 17, 2016)]
[Notices]
[Page 8052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03204]
-----------------------------------------------------------------------
BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No: CFPB-2016-0005]
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Consumer Financial Protection Bureau (Bureau) is proposing to renew
the Office of Management and Budget (OMB) approval for an existing
information collection, titled, ``Homeownership Counseling Amendments
to the Real Estate Settlement Procedures Act (Regulation X) 12 CFR
1024.''
DATES: Written comments are encouraged and must be received on or
before March 18, 2016 to be assured of consideration.
ADDRESSES: You may submit comments, identified by the title of the
information collection, OMB Control Number (see below), and docket
number (see above), by any of the following methods:
Electronic: http://www.regulations.gov. Follow the
instructions for submitting comments.
OMB: Office of Management and Budget, New Executive Office
Building, Room 10235, Washington, DC 20503 or fax to (202) 395-5806.
Mailed or faxed comments to OMB should be to the attention of the OMB
Desk Officer for the Bureau of Consumer Financial Protection.
Please note that comments submitted after the comment period will
not be accepted. In general, all comments received will become public
records, including any personal information provided. Sensitive
personal information, such as account numbers or social security
numbers, should not be included.
FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of
this information collection request is available at www.reginfo.gov
(this link active on the day following publication of this notice).
Select ``Information Collection Review,'' under ``Currently under
review, use the dropdown menu ``Select Agency'' and select ``Consumer
Financial Protection Bureau'' (recent submissions to OMB will be at the
top of the list). The same documentation is also available at http://www.regulations.gov. Requests for additional information should be
directed to the Consumer Financial Protection Bureau, (Attention: PRA
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or
email: [email protected]. Please do not submit comments to this email box.
SUPPLEMENTARY INFORMATION:
Title of Collection: Homeownership Counseling Amendments to the
Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.
OMB Control Number: 3170-0025.
Type of Review: Extension without change of an existing information
collection.
Affected Public: Private sector.
Estimated Number of Respondents: 2,259.
Estimated Total Annual Burden Hours: 117,500.
Abstract: Regulation X implements the Real Estate Settlement
Procedures Act, ensures that consumers are provided with more helpful
information about the cost of the mortgage settlement and protected
from unnecessarily high settlement charges caused by certain abusive
practices. Regulation X contains information collections in the form of
third party disclosures and recordkeeping requirements.
This amendment to Regulation X requires lenders to provide mortgage
applicants a list of certified homeownership counselors at or soon
after the time of their application. This requirement is meant to help
applicants be informed about the process of applying for a mortgage,
and receive additional non-biased guidance if desired.
Request For Comments: The Bureau issued a 60-day Federal Register
notice on November 25, 2015, 80 FR 73734. Comments were solicited and
continue to be invited on: (a) Whether the collection of information is
necessary for the proper performance of the functions of the Bureau,
including whether the information will have practical utility; (b) The
accuracy of the Bureau's estimate of the burden of the collection of
information, including the validity of the methods and the 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. Comments submitted in response to this notice will be
summarized and/or included in the request for OMB approval. All
comments will become a matter of public record.
Dated: February 10, 2016.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial
Protection.
[FR Doc. 2016-03204 Filed 2-16-16; 8:45 am]
BILLING CODE 4810-AM-P