80_FR_39327 80 FR 39197 - List of Countries Requiring Cooperation With an International Boycott

80 FR 39197 - List of Countries Requiring Cooperation With an International Boycott

DEPARTMENT OF THE TREASURY
Office of the Secretary

Federal Register Volume 80, Issue 130 (July 8, 2015)

Page Range39197-39197
FR Document2015-16681

Federal Register, Volume 80 Issue 130 (Wednesday, July 8, 2015) 
[Federal Register Volume 80, Number 130 (Wednesday, July 8, 2015)]
[Notices]
[Page 39197]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16681]


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DEPARTMENT OF THE TREASURY

Office of the Secretary


List of Countries Requiring Cooperation With an International 
Boycott

    In accordance with section 999(a)(3) of the Internal Revenue Code 
of 1986, the Department of the Treasury is publishing a current list of 
countries which require or may require participation in, or cooperation 
with, an international boycott (within the meaning of section 999(b)(3) 
of the Internal Revenue Code of 1986).
    On the basis of the best information currently available to the 
Department of the Treasury, the following countries require or may 
require participation in, or cooperation with, an international boycott 
(within the meaning of section 999(b)(3) of the Internal Revenue Code 
of 1986).

Iraq
Kuwait
Lebanon
Libya
Qatar
Saudi Arabia
Syria
United Arab Emirates
Yemen

    Dated: July 1, 2015.
Danielle Rolfes,
International Tax Counsel. (Tax Policy).
[FR Doc. 2015-16681 Filed 7-7-15; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 80, No. 130 / Wednesday, July 8, 2015 / Notices 39197 subsidiary thereof regulated by a along with the employee’s attestation as (d) Ways to minimize the burden of Federal banking agency or an employee to the correctness of the information the collection on respondents, including of an institution regulated by the Farm supplied and an authorization to obtain through the use of automated collection Credit Administration (FCA) further information. techniques or other forms of information (collectively, Agency-Regulated technology; and MLO Disclosure Requirement Institutions), who engages in the (e) Estimates of capital or start-up business of a residential mortgage loan Section 1007.105(b) requires an MLO costs and costs of operation, originator (MLO), to register with the to provide the unique identifier to a maintenance, and purchase of services Nationwide Mortgage Licensing System consumer upon request. to provide information. and Registry (Registry) and obtain a Financial Institution Reporting Dated: July 1, 2015. unique identifier. Pursuant to Requirements Mary H. Gottlieb, implementing regulations set forth at 12 Section 1007.103(e) specifies the Regulatory Specialist, Legislative and CFR part 1007, Agency-Regulated institution and employee information Regulatory Activities Division. Institutions must require their employees who act as residential MLOs that an institution must submit to the [FR Doc. 2015–16695 Filed 7–7–15; 8:45 am] to comply with the requirements to Registry in connection with the initial BILLING CODE 4810–33–P register and obtain a unique identifier registration of one or more MLOs and under the S.A.F.E. Act and must adopt thereafter update. DEPARTMENT OF THE TREASURY and follow written policies and Financial Institution Disclosure procedures to assure compliance with Requirements Office of the Secretary these requirements. In order to register, an MLO must provide to the Registry Section 1007.105(a) requires the institution to make the unique identifier List of Countries Requiring identifying information, including: (1) Cooperation With an International Fingerprints for submission to the of MLOs available to consumers in a manner and method practicable to the Boycott Federal Bureau of Investigation and any other relevant governmental agency for institution. In accordance with section 999(a)(3) a State and national criminal Financial Institution Recordkeeping of the Internal Revenue Code of 1986, background check; and (2) personal Requirements the Department of the Treasury is history and experience, including publishing a current list of countries • Section 1007.103(d)(1)(xii) requires which require or may require authorization for the Registry to obtain the collection of MLO fingerprints. information related to any participation in, or cooperation with, an • Section 1007.104 requires an international boycott (within the administrative, civil, or criminal institution employing MLOs to: findings by any governmental meaning of section 999(b)(3) of the Æ Adopt and follow written policies jurisdiction. The S.A.F.E. Act originally Internal Revenue Code of 1986). and procedures, at a minimum required the Federal banking agencies On the basis of the best information addressing certain specified areas, but and the FCA to develop and maintain currently available to the Department of otherwise appropriate to the nature, the Registry; however, the Dodd-Frank the Treasury, the following countries size, and complexity of their mortgage Act subsequently transferred that require or may require participation in, lending activities; responsibility to the Consumer or cooperation with, an international Æ Establish reasonable procedures Financial Protection Bureau. boycott (within the meaning of section and tracking systems for monitoring The Registry is intended to aggregate 999(b)(3) of the Internal Revenue Code registration compliance; and and improve the flow of information to Æ Establish a process for, and of 1986). and between regulators; provide maintain records related to, employee Iraq increased accountability and tracking of criminal history background reports and Kuwait mortgage loan originators; enhance actions taken with respect thereto. Lebanon consumer protections; reduce fraud in Type of Review: Extension of a Libya the residential mortgage loan origination currently approved collection. Qatar process; and provide consumers with Affected Public: Individuals; Saudi Arabia easily accessible information at no Businesses or other for-profit. Syria charge regarding the employment Estimated Number of Respondents: United Arab Emirates history of, and the publicly adjudicated 65,027. Yemen disciplinary and enforcement actions Estimated Total Annual Burden: Dated: July 1, 2015. against, MLOs. 44,899 hours. Danielle Rolfes, The OCC issued a 60-day Federal International Tax Counsel. (Tax Policy). MLO Reporting Requirements Register notice regarding the collection [FR Doc. 2015–16681 Filed 7–7–15; 8:45 am] Twelve CFR 1007.103(a) generally on February 26, 2015, (80 FR 10566). No BILLING CODE 4810–25–P requires an MLO of an Agency- comments were received. Comments Regulated Institution to register with the continue to be invited on: Registry, maintain such registration, and (a) Whether the collection of obtain a unique identifier. Under information is necessary for the proper DEPARTMENT OF VETERANS § 1007.103(b), an Agency-Regulated performance of the functions of the AFFAIRS Institution must require each such srobinson on DSK5SPTVN1PROD with NOTICES OCC, including whether the information Solicitation of Nominations for registration to be renewed annually and has practical utility; updated within 30 days of the Appointment to the Advisory (b) The accuracy of the OCC’s occurrence of specified events. Section Committee on Disability Compensation estimate of the burden of the collection 1007.103(d) sets forth the categories of of information; ACTION: Notice. information that an employee, or the (c) Ways to enhance the quality, employing institution on the employee’s utility, and clarity of the information to SUMMARY: The Department of Veterans behalf, must submit to the Registry, be collected; Affairs (VA), Veterans Benefits VerDate Sep<11>2014 18:49 Jul 07, 2015 Jkt 235001 PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 E:\FR\FM\08JYN1.SGM 08JYN1


Document Created: 2018-02-23 09:12:40
Document Modified: 2018-02-23 09:12:40
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 39197 
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