81 FR 11904 - Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Domestic First Lien Residential Mortgage Data
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 44 (March 7, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 44 (March 7, 2016)
| Page Range | 11904-11905 | |
| FR Document | 2016-04896 |
[Federal Register Volume 81, Number 44 (Monday, March 7, 2016)] [Notices] [Pages 11904-11905] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-04896] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Domestic First Lien Residential Mortgage Data AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- 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 revision to an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). Under the PRA, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of or revision to an existing collection of information, and to allow 60 days for public comment in response to the notice. In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and a 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 a revision to its information collection titled, ``Domestic First Lien Residential Mortgage Data.'' DATES: You should submit written comments by: April 6, 2016. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by [[Page 11905]] email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0331, 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 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and 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 include 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, 1557-0331, 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: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is requesting OMB approval for the following information collection: Title: Domestic First Lien Residential Mortgage Data. OMB Control Number: 1557-0331. Description: Comprehensive mortgage data is vital to assessing and monitoring credit quality and loss mitigation activities in the residential mortgage market and the federal banking system. This data is important and necessary to support supervisory activities to ensure the safety and soundness of the federal banking system. The Dodd-Frank Wall Street Reform and Regulatory Improvement Act of 2010 requires the OCC to collect this mortgage data. 12 U.S.C. 1715z- 25. This data collection is being revised to include aggregate values to be calculated from data that is currently reported in loan-level format. These aggregate values will be industry standard measures of portfolio performance, including but not limited to: Outstanding loan count and unpaid principal balance; delinquency and liquidation ratios; and the number of loss mitigation actions completed. Aggregate values generally will be reported at the total portfolio and state level, with some values also reported by portfolio segments including, but not limited to: Borrower credit class and type and execution date of loss mitigation action. The reported data items will still be calculated from loan-level data that includes: Bankruptcy or foreclosure status; and other detailed loan information. Banks would not be required to report this data to the OCC monthly, but would be required to provide it upon OCC's request. Type of Review: Regular review. Affected Public: Businesses or other for-profit. Burden Estimate: Estimated Number of Respondents: 61. Estimated Annual Responses per Respondent: 4 per year. Estimated Burden per Response: 120 hours per month/per bank. Estimated Total Annual Burden: 29,280 hours. The OCC published notice of this collection for 60 days of comment on November 16, 2015, 80 FR 70880. 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 shall have practical utility; (b) The accuracy of the OCC'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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: March 1, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative & Regulatory Activities Division. [FR Doc. 2016-04896 Filed 3-4-16; 8:45 am] BILLING CODE 4810-33-P
![11904 Federal Register / Vol. 81, No. 44 / Monday, March 7, 2016 / Notices
cause substantial economic hardship to have closely evaluated the petition and during the temporary exemption period.
a small volume manufacturer 9 that has conclude that practicability problems Further, dump body trailers that are
tried to comply with the standard in posed by Columbia Body’s dump body exempted from FMVSS No. 224 must
good faith, and that granting such an trailers support a grant of the petition. display certification labels noting this
exemption is consistent with the public Third, NHTSA believes it is exemption as required by 49 CFR
interest. NHTSA believes these consistent with the public interest to 555.9(c).
exemption criteria are satisfied. grant Columbia Body this exemption. Columbia Body is granted NHTSA
First, based on the detailed financial The overhang required by these trailers, Temporary Exemption No. EX 16–01,
documentation Columbia Body has while not exclusive to paving from FMVSS No. 224.
provided the agency, NHTSA believes applications, is specifically Authority: 49 U.S.C. 30113; delegation of
Columbia Body would suffer substantial manufactured to attach to a paving authority at 49 CFR 1.95.
economic hardship without an machine. These trailers serve as a tool
exemption for its dump body trailers. for paving asphalt surfaces, most Issued on: February 29, 2016.
Columbia Body posted a cumulative net commonly, public roads; they are Mark R. Rosekind,
loss over the last three years. Looking needed for that public function. Given Administrator.
forward, Columbia Body would have to the few remaining companies that [FR Doc. 2016–04971 Filed 3–4–16; 8:45 am]
lay off seven to eight of its 40 employees produce dump trailers for paving, we BILLING CODE 4910–59–P
in 2016. believe that the exemption would result
Second, Columbia Body has in more dump trailers being available
demonstrated that it has made good for paving and other purposes, which DEPARTMENT OF THE TREASURY
faith efforts to comply with FMVSS No. would facilitate construction projects.
224. The dump body trailers subject to Further, because these trailers are used Office of the Comptroller of the
this petition are designed to attach to a primarily in road construction Currency
paving machine that secures to the rear applications, their exposure to the
end of the dump body trailer. When traveling public is reduced. In many Agency Information Collection
attached to the dump body trailer, the instances, these trailers are traveling in Activities: Information Collection
paving machine hooks to the rear restricted area construction zones or Revision; Submission for OMB
wheels of the trailer and tucks with a paving machine attached to the Review; Domestic First Lien
underneath the rear end of the dump rear end. Residential Mortgage Data
body trailer. This interaction between Moreover, the impact on safety by this
the dump body trailer and a paving exemption is further limited by the fact AGENCY: Office of the Comptroller of the
machine thwarts the installation of an that relatively few vehicles would be Currency (OCC), Treasury.
underride guard. Despite the known affected. The number of exempted ACTION: Notice and request for comment.
design challenges, Columbia Body trailers allowed under this exemption is SUMMARY: The OCC, as part of its
invested a significant amount of time tailored to Columbia Body’s projected continuing effort to reduce paperwork
and money investigating a way to production over the next three years,
and respondent burden, invites the
comply with FMVSS No. 224 while meaning that a maximum of only 210
general public and other Federal
maintaining the dump body trailer’s trailers in total will be exempted.
agencies to take this opportunity to
paving utility. It developed potential NHTSA also considered the impacts
comment on a revision to an
solutions to the compliance challenges, of not granting the exemption. Columbia
information collection, as required by
and invested in a finite element analysis Body states that the failure to receive an
the Paperwork Reduction Act of 1995
of the situation. Further, Columbia Body exemption could cause it to lay off
(PRA).
discussed the resulting potentially seven to eight of its 40 employees
Under the PRA, Federal agencies are
compliant design with prospective starting in 2016. Given the practicability
required to publish notice in the
paving customers, who responded that problems the petitioner faces in meeting
Federal Register concerning each
an increase in cost and loss of payload FMVSS No. 224 and the efforts made to
proposed collection of information,
capability were not acceptable for their comply, the negligible safety impacts of
including each proposed extension of or
business needs. From its research, an exemption, and the increased
revision to an existing collection of
Columbia Body reasonably concluded availability of dump trailers as a result
information, and to allow 60 days for
that it could not produce its dump body of an exemption, we do not believe that
public comment in response to the
trailers with compliant guards unless the potential job losses would be
notice.
paving machines are modified to no warranted. Taking all of these things
In accordance with the requirements
longer hook to the rear wheels of the into consideration, NHTSA believes this
of the PRA, the OCC may not conduct
dump body trailer. Such redesign of exemption is in the public interest.
or sponsor, and a respondent is not
paving machines was not practical. Based on the exemption requirements
required to respond to, an information
In the 2004 final rule amending and the information before the agency,
collection unless it displays a currently
FMVSS No. 224, NHTSA stated that NHTSA is issuing a temporary
valid Office of Management and Budget
‘‘[i]n certain limited circumstances, the exemption to Columbia Body from
(OMB) control number.
agency [will grant] temporary FMVSS No. 224 for a period of three
The OCC is soliciting comment
exemption to gravity feed dump trailer years for the dump body trailers it
concerning a revision to its information
asabaliauskas on DSK3SPTVN1PROD with NOTICES
manufacturers based, in part, on manufactures for paving applications.11
collection titled, ‘‘Domestic First Lien
impracticability of compliance.’’ 10 We This exemption is limited to 210 trailers
Residential Mortgage Data.’’
9 ‘‘A manufacturer is eligible for an exemption 19/04-25703/federal-motor-vehicle-safety- DATES: You should submit written
. . . only if the Secretary determines that the standards-rear-impact-guards-final-rule (last comments by: April 6, 2016.
manufacturer’s total motor vehicle production in accessed on January 7, 2016). ADDRESSES: Because paper mail in the
the most recent year of production is not more than 11 As noted previously in this notice, the gravity
10,000.’’ 49 U.S.C. 30113(d). dump body trailers Columbia Body seeks an
Washington, DC area and at the OCC is
10 69 FR 67663 (November 19, 2004). Available at: exemption for require 16 to 18 inches of clearance subject to delay, commenters are
https://www.federalregister.gov/articles/2004/11/ rearward of the rear wheels. encouraged to submit comments by
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![Federal Register / Vol. 81, No. 44 / Monday, March 7, 2016 / Notices 11905
email, if possible. Comments may be SUPPLEMENTARY INFORMATION: The OCC Type of Review: Regular review.
sent to: Legislative and Regulatory is requesting OMB approval for the Affected Public: Businesses or other
Activities Division, Office of the following information collection: for-profit.
Comptroller of the Currency, Attention: Title: Domestic First Lien Residential Burden Estimate:
1557–0331, 400 7th Street SW., Suite Mortgage Data.
3E–218, mail stop 9W–11, Washington, OMB Control Number: 1557–0331. Estimated Number of Respondents:
DC 20219. In addition, comments may Description: 61.
be sent by fax to (571) 465–4326 or by Comprehensive mortgage data is vital Estimated Annual Responses per
electronic mail to prainfo@occ.treas.gov. to assessing and monitoring credit Respondent: 4 per year.
You may personally inspect and quality and loss mitigation activities in Estimated Burden per Response: 120
photocopy comments at the OCC, 400 the residential mortgage market and the hours per month/per bank.
7th Street SW., Washington, DC 20219. federal banking system. This data is Estimated Total Annual Burden:
For security reasons, the OCC requires important and necessary to support 29,280 hours.
that visitors make an appointment to supervisory activities to ensure the The OCC published notice of this
inspect comments. You may do so by safety and soundness of the federal collection for 60 days of comment on
calling (202) 649–6700 or, for persons banking system. November 16, 2015, 80 FR 70880. No
who are deaf or hard of hearing, TTY, The Dodd-Frank Wall Street Reform
comments were received. Comments
(202) 649–5597. Upon arrival, visitors and Regulatory Improvement Act of
continue to be invited on:
will be required to present valid 2010 requires the OCC to collect this
mortgage data. 12 U.S.C. 1715z–25. (a) Whether the collection of
government-issued photo identification
This data collection is being revised information is necessary for the proper
and submit to security screening in
to include aggregate values to be performance of the functions of the
order to inspect and photocopy
calculated from data that is currently OCC, including whether the information
comments.
All comments received, including reported in loan-level format. These shall have practical utility;
attachments and other supporting aggregate values will be industry (b) The accuracy of the OCC’s
materials, are part of the public record standard measures of portfolio estimate of the burden of the collection
and subject to public disclosure. Do not performance, including but not limited of information;
include any information in your to: Outstanding loan count and unpaid (c) Ways to enhance the quality,
comment or supporting materials that principal balance; delinquency and utility, and clarity of the information to
you consider confidential or liquidation ratios; and the number of be collected;
inappropriate for public disclosure. loss mitigation actions completed. (d) Ways to minimize the burden of
Additionally, please send a copy of Aggregate values generally will be the collection on respondents, including
your comments by mail to: OCC Desk reported at the total portfolio and state through the use of automated collection
Officer, 1557–0331, U.S. Office of level, with some values also reported by techniques or other forms of information
Management and Budget, 725 17th portfolio segments including, but not technology; and
Street NW., #10235, Washington, DC limited to: Borrower credit class and (e) Estimates of capital or start-up
20503, or by email to: oira submission@ type and execution date of loss costs and costs of operation,
omb.eop.gov. mitigation action. maintenance, and purchase of services
FOR FURTHER INFORMATION CONTACT: The reported data items will still be to provide information.
Shaquita Merritt, Clearance Officer, calculated from loan-level data that
(202) 649–5490 or, for persons who are includes: Bankruptcy or foreclosure Dated: March 1, 2016.
deaf or hard of hearing, TTY, (202) 649– status; and other detailed loan Mary Hoyle Gottlieb,
5597, Legislative and Regulatory information. Banks would not be Regulatory Specialist, Legislative &
Activities Division, Office of the required to report this data to the OCC Regulatory Activities Division.
Comptroller of the Currency, 400 7th monthly, but would be required to [FR Doc. 2016–04896 Filed 3–4–16; 8:45 am]
Street SW., Washington, DC 20219. provide it upon OCC’s request. BILLING CODE 4810–33–P
asabaliauskas on DSK3SPTVN1PROD with NOTICES
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Document Created: 2018-02-02 15:08:07
Document Modified: 2018-02-02 15:08:07
| 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 | You should submit written comments by: April 6, 2016. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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., Washington, DC 20219. | |
| FR Citation | 81 FR 11904 |
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