80 FR 73170 - Agency Information Collection Activities: Comment Request
BUREAU OF CONSUMER FINANCIAL PROTECTION Federal Register Volume 80, Issue 226 (November 24, 2015)
Federal Register Volume 80, Issue 226 (November 24, 2015)
| Page Range | 73170-73170 | |
| FR Document | 2015-29815 |
[Federal Register Volume 80, Number 226 (Tuesday, November 24, 2015)] [Notices] [Page 73170] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-29815] ----------------------------------------------------------------------- BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No: CFPB-2015-0050] Agency Information Collection Activities: 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 requesting 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 January 25, 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. Mail: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552. Hand Delivery/Courier: Consumer Financial Protection Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 20002. 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.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: PRA@cfpb.gov. Please do not submit comments to this mailbox. 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: Request approval for an existing information collection. Affected Public: Businesses and other for-profit entities. 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: Comments are 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 Office of Management and Budget (OMB) approval. All comments will become a matter of public record. Dated: November 18, 2015. Darrin A. King, Paperwork Reduction Act Officer, Bureau of Consumer Financial Protection. [FR Doc. 2015-29815 Filed 11-23-15; 8:45 am] BILLING CODE 4810-AM-P
![73170 Federal Register / Vol. 80, No. 226 / Tuesday, November 24, 2015 / Notices
includes measurable goals and Dated: November 17, 2015. or email: PRA@cfpb.gov. Please do not
initiatives, in consultation with the Darrin A. King, submit comments to this mailbox.
Financial Literacy and Education Paperwork Reduction Act Officer, Bureau of SUPPLEMENTARY INFORMATION:
Commission, consistent with the Consumer Financial Protection. Title of Collection: Homeownership
National Strategy for Financial Literacy. [FR Doc. 2015–29816 Filed 11–23–15; 8:45 am] Counseling Amendments to the Real
In addition, the Office of Financial BILLING CODE 4810–AM–P Estate Settlement Procedures Act
Protection for Older Americans within (Regulation X) 12 CFR 1024.
the Bureau is charged with conducting OMB Control Number: 3170–0025.
research to identify methods and BUREAU OF CONSUMER FINANCIAL Type of Review: Request approval for
strategies to educate and counsel PROTECTION an existing information collection.
seniors, and developing goals for [Docket No: CFPB–2015–0050] Affected Public: Businesses and other
programs that provide seniors with for-profit entities.
financial literacy and counseling. Agency Information Collection Estimated Number of Respondents:
Activities: Comment Request 2,259.
Through prior research, the Bureau
has determined that improvement in AGENCY: Bureau of Consumer Financial Estimated Total Annual Burden
consumer financial well-being is the Protection. Hours: 117,500.
ultimate goal of such financial literacy Abstract: Regulation X implements
ACTION: Notice and request for comment.
initiatives. In order to inform our the Real Estate Settlement Procedures
SUMMARY: In accordance with the Act, ensures that consumers are
identification and development of
Paperwork Reduction Act of 1995 provided with more helpful information
financial literacy strategies that
(PRA), the Consumer Financial about the cost of the mortgage
explicitly seek to improve consumer settlement and protected from
financial well-being, the Bureau plans to Protection Bureau (Bureau) is requesting
to renew the Office of Management and unnecessarily high settlement charges
conduct a nationally representative caused by certain abusive practices.
Budget (OMB) approval for an existing
survey to measure adult financial well- Regulation X contains information
information collection titled,
being and related concepts, as well as an collections in the form of third party
‘‘Homeownership Counseling
oversample of adults age 62 and older Amendments to the Real Estate disclosures and recordkeeping
to gather additional data relevant to the Settlement Procedures Act (Regulation requirements.
needs and experiences of older X) 12 CFR 1024.’’ This amendment to Regulation X
consumers. The specific goals of the requires lenders to provide mortgage
DATES: Written comments are
survey are to (1) measure the level of applicants a list of certified
encouraged and must be received on or
financial well-being of American adults before January 25, 2016 to be assured of homeownership counselors at or soon
and key sub-populations; (2) consideration. after the time of their application. This
quantitatively test previously developed requirement is meant to help applicants
ADDRESSES: You may submit comments,
hypotheses about the specific types of be informed about the process of
identified by the title of the information
knowledge, behavior, traits and skills applying for a mortgage, and receive
collection, OMB Control Number (see
that may support higher levels of additional non-biased guidance if
below), and docket number (see above),
financial well-being; and (3) produce desired.
by any of the following methods:
fully de-identified public use data files Request for Comments: Comments are
• Electronic: http://
that will allow external researchers to invited on: (a) Whether the collection of
www.regulations.gov. Follow the
examine additional questions about information is necessary for the proper
instructions for submitting comments.
performance of the functions of the
financial well-being and its drivers. • Mail: Consumer Financial
Bureau, including whether the
Request for Comments: Comments are Protection Bureau (Attention: PRA
information will have practical utility;
invited on: (a) Whether the collection of Office), 1700 G Street NW., Washington,
(b) The accuracy of the Bureau’s
information is necessary for the proper DC 20552.
• Hand Delivery/Courier: Consumer estimate of the burden of the collection
performance of the functions of the of information, including the validity of
Bureau, including whether the Financial Protection Bureau (Attention:
PRA Office), 1275 First Street NE., the methods and the assumptions used;
information will have practical utility; (c) Ways to enhance the quality, utility,
(b) The accuracy of the Bureau’s Washington, DC 20002.
Please note that comments submitted and clarity of the information to be
estimate of the burden of the collection collected; and (d) Ways to minimize the
after the comment period will not be
of information, including the validity of burden of the collection of information
accepted. In general, all comments
the methods and the assumptions used; received will become public records, on respondents, including through the
(c) Ways to enhance the quality, utility, including any personal information use of automated collection techniques
and clarity of the information to be provided. Sensitive personal or other forms of information
collected; and (d) Ways to minimize the information, such as account numbers technology. Comments submitted in
burden of the collection of information or social security numbers, should not response to this notice will be
on respondents, including through the be included. summarized and/or included in the
use of automated collection techniques request for Office of Management and
FOR FURTHER INFORMATION CONTACT:
or other forms of information Budget (OMB) approval. All comments
mstockstill on DSK4VPTVN1PROD with NOTICES
Documentation prepared in support of will become a matter of public record.
technology. Comments submitted in this information collection request is
response to this notice will be available at www.regulations.gov. Dated: November 18, 2015.
summarized and/or included in the Requests for additional information Darrin A. King,
request for Office of Management and should be directed to the Consumer Paperwork Reduction Act Officer, Bureau of
Budget (OMB) approval. All comments Financial Protection Bureau, (Attention: Consumer Financial Protection.
will become a matter of public record. PRA Office), 1700 G Street NW., [FR Doc. 2015–29815 Filed 11–23–15; 8:45 am]
Washington, DC 20552, (202) 435–9575, BILLING CODE 4810–AM–P
VerDate Sep<11>2014 17:20 Nov 23, 2015 Jkt 238001 PO 00000 Frm 00009 Fmt 4703 Sfmt 9990 E:\FR\FM\24NON1.SGM 24NON1](https://thefederalregister.org/doc/80_FR_73396/page/1.svg)
Document Created: 2015-12-14 14:09:03
Document Modified: 2015-12-14 14:09:03
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Written comments are encouraged and must be received on or before January 25, 2016 to be assured of consideration. | |
| Contact | Documentation prepared in support of this information collection request is available at 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 mailbox. | |
| FR Citation | 80 FR 73170 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR