[Federal Register Volume 64, Number 67 (Thursday, April 8, 1999)]
[Notices]
[Pages 17217-17218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8785]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Information Collection; Submission for OMB Review; Comment
Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Submission for OMB review; comment request.
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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. The OCC may not conduct or sponsor, and a respondent is not
required to respond to, an information collection that has been
extended, revised, or implemented unless it displays a currently valid
Office of Management and Budget (OMB) control number. Currently, the
OCC is soliciting comments concerning extension of an information
collection titled Fair Housing Home Loan Data System Regulation (12 CFR
27). The OCC also gives notice that it has sent the information
collection to OMB for review.
DATES: Comments are due by: May 10, 1999.
ADDRESSES: Your comments regarding this information collection are
welcome. You should send your written comments to the OMB Reviewer and
to the OCC's Communications Division, Attention: 1557-0159, Third
Floor, Office of the Comptroller of the Currency, 250 E Street, SW,
Washington, DC 20219. Also, you can send your comments by facsimile
transmission to (202) 874-5274, or by electronic mail to
[email protected].
You can inspect and photocopy the comments at the OCC's Public
Reference Room, between 9:00 a.m. and 5:00 p.m. on business days. You
can make an appointment to inspect the comments by calling (202) 874-
5043.
FOR FURTHER INFORMATION CONTACT: You can request additional
information, a copy of the collection, or a copy of OCC's submission to
OMB by contacting Jessie Gates or Camille Dixon, (202) 874-5090,
Legislative and Regulatory Activities Division (1557-0159), Office of
the Comptroller of the Currency, 250 E Street, SW, Washington, DC
20219.
SUPPLEMENTARY INFORMATION:
Title: Fair Housing Home Loan Data System Regulation (12 CFR 27).
OMB Number: 1557-0159.
Form Number: None.
Abstract: This submission covers an existing regulation and
involves no change to the regulation or to the information collections
embodied in the regulation. The OCC requests only that OMB renew its
approval of the information collections in the current regulation. This
regulation requires national banks to maintain records and to make
occasional filings to the OCC, upon the OCC's request, regarding home
loans and certain other real estate loans.
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,
[[Page 17218]]
religion, national origin, sex, marital status, age, receipt of income
from public assistance, or exercise of any right under the Consumer
Credit Protection Act. The OCC is responsible for ensuring that
national banks comply with those laws. This information collection is
needed to promote national bank compliance and for OCC to fulfill its
statutory responsibilities.
This submission covers all of the information collections contained
in 12 CFR Part 27. The following sections of regulations in Part 27
produce reportable burden:
Section 27.3 requires a national bank that is required to collect
data on home loans under 12 CFR Part 203 to present the data on Federal
Reserve Form FR HMDA-LAR, or in an 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 also lists exceptions
to HMDA-LAR recordkeeping requirements. Section 27.3 further lists the
information that banks should obtain from an applicant as part of a
home loan application, and states information that a bank must disclose
to an applicant;
Section 27.5 requires a national bank to maintain the information
for 25 months after the bank notifies the applicant of action taken on
an application, or after withdrawal of an application; and
Section 27.7 requires that a bank submit the information to the OCC
upon its request, prior to a scheduled examination.
These information collection requirements ensure bank compliance
with applicable Federal law, further bank safety and soundness, provide
protections for banks and the public, and further public policy
interests.
Type of Review: Extension, without change, of a currently approved
collection.
Affected Public: Businesses or other for-profit.
Number of Respondents: 2,400.
Total Annual Responses: 2,400.
Frequency of Response: On occasion.
Total Annual Burden: 4,369 Hours.
OCC Contact: Jessie Gates or Camille Dixon, (202)874-5090,
Legislative and Regulatory Activities Division, OMB No. 1557-0159,
Office of the Comptroller of the Currency, 250 E Street SW, Washington,
DC 20219.
OMB Reviewer: Alexander Hunt, (202)395-7340, Paperwork Reduction
Project 1557-0159, Office of Management and Budget, Room 10226, New
Executive Office Building, Washington, DC 20503.
Comments
Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility;
(b) The accuracy of the agency'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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Additionally, the OCC requests comment on the impact of this
information collection on community banks. The OCC recognizes that
community banks operate with more limited resources than larger
institutions and may present a different risk profile. Thus, the OCC
specifically requests comments on the impact of this information
collection on community banks' current resources and available
personnel with the requisite expertise, and whether the goals of Part
27 could be achieved, for community banks, through an alternative
approach.
Dated: April 1, 1999.
Mark Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 99-8785 Filed 4-7-99; 8:45 am]
BILLING CODE 4810-33-P