81 FR 92974 - Agency Information Collection Activities: Information Collection Renewal; Comment Request: Record and Disclosure RequirementsConsumer Financial Protection Bureau Regulations B, C, E, M, Z, and DD and Board of Governors of the Federal Reserve System Regulation CC
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 244 (December 20, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 244 (December 20, 2016)
| Page Range | 92974-92975 | |
| FR Document | 2016-30497 |
[Federal Register Volume 81, Number 244 (Tuesday, December 20, 2016)] [Notices] [Pages 92974-92975] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-30497] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request: Record and Disclosure Requirements--Consumer Financial Protection Bureau Regulations B, C, E, M, Z, and DD and Board of Governors of the Federal Reserve System Regulation CC 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 comment on the renewal of an information collection as required by the Paperwork Reduction Act of 1995 (PRA). An agency 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 the renewal of an information collection titled, ``Record and Disclosure Requirements-- Consumer Financial Protection Bureau (CFPB) Regulations B, C, E, M, Z, and DD and Board of Governors of the Federal Reserve System (FRB) Regulation CC.'' DATES: Comments must be submitted on or before February 21, 2017. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0176, 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 enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC 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., Suite 3E-218, mail stop 9W-11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain approval from OMB for each collection of information that they conduct or sponsor. The term ``collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and includes agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 requires Federal agencies to publish a 60-day notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing this notice of the renewal of the following information collection: Title: Record and Disclosure Requirements--Consumer Financial Protection Bureau (CFPB) Regulations B, C, E, M, Z, and DD and Board of Governors of the Federal Reserve System (FRB) Regulation CC. OMB Control No.: 1557-0176. Type of Review: Regular review. Affected Public: Businesses or other for-profit. Frequency of Response: On occasion. Burden Estimates: Estimated Number of Respondents: 1,390. Estimated Annual Burden: 3,887,872 hours. Description: This information collection covers CFPB Regulations B, C, E, M, Z, and DD and FRB Regulation CC. The CFPB and FRB regulations include the following provisions: Reg B--12 CFR 1002--Equal Credit Opportunity Act This regulation implements the Equal Credit Opportunity Act (15 U.S.C. 1601 et seq.). The regulation prohibits lenders from discriminating against credit applicants on a prohibited basis, establishes rules for retaining records of credit applications and collecting information about the applicant's race and other personal characteristics in applications for certain dwelling-related loans, requires lenders to report the credit history in the names of both spouses on an account, requires lenders to provide applicants with copies of appraisal reports in connection with credit transactions, and requires notification of action taken on a credit application. Reg C--12 CFR 1003--Home Mortgage Disclosure This regulation implements the requirements of the Home Mortgage Disclosure Act (12 U.S.C. 2801 et seq.). The regulation requires certain financial institutions to report data to the appropriate Federal agency about home purchase loans, home improvement loans, and refinancings that it originates or purchases, or for which it receives certain applications, and to disclose certain data to the public. Reg E--12 CFR 1005--Electronic Fund Transfers This regulation carries out the purposes of the Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.), which establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfers and remittance transfer services and the financial institutions or other persons that offer these services. Reg M--12 CFR 1013--Consumer Leasing This regulation implements the consumer leasing provisions of the Truth in Lending Act (12 U.S.C. 1601 et seq.). The regulation: Ensures that lessees of personal property receive meaningful disclosures that enable them to compare lease terms with other leases and, where appropriate, with credit transactions; limits the amount of balloon payments in consumer lease [[Page 92975]] transactions; and provides for accurate disclosure of lease terms in advertising. Reg Z--12 CFR 1026--Truth in Lending This regulation implements the Truth in Lending Act (15 U.S.C. 1601 et seq.) and certain provisions of the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). The regulation prescribes uniform methods for computing the cost of credit, disclosing credit terms and costs, and resolving errors on certain types of credit accounts. Reg CC--12 CFR 229--Availability of Funds and Collection of Checks This regulation implements the Expedited Funds Availability Act (12 U.S.C. 4001-4010) and the Check Clearing for the 21st Century Act (12 U.S.C. 5001-5018). The regulation contains: Rules regarding the duty of banks to make funds deposited into accounts available for withdrawal, including availability schedules and the disclosure of funds availability practices; rules to expedite the collection and return of checks by banks; and general provisions relating to substitute checks, including the disclosure and notices that banks must provide. Reg DD--12 CFR 1030--Truth in Savings This regulation implements the Truth in Savings Act (12 U.S.C. 4301 et seq.). The regulation requires depository institutions to provide disclosures so that consumers can meaningfully compare accounts at different depository institutions. Comments: 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. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the information collection burden; (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: December 13, 2016. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2016-30497 Filed 12-19-16; 8:45 am] BILLING CODE 4810-33-P
![92974 Federal Register / Vol. 81, No. 244 / Tuesday, December 20, 2016 / Notices
provisions in the updated NEPA Order. DC 20219. In addition, comments may Estimated Number of Respondents:
Finally, paragraph (f) sets forth the be sent by fax to (571) 465–4326 or by 1,390.
internal review and concurrence process electronic mail to pracomments@ Estimated Annual Burden: 3,887,872
for establishing or updating OA occ.treas.gov. You may personally hours.
Procedures, and paragraph (g) directs inspect and photocopy comments at the Description: This information
the Office of Policy to maintain them on OCC, 400 7th Street SW., Washington, collection covers CFPB Regulations B,
a DOT Web site. DC 20219. For security reasons, the OCC C, E, M, Z, and DD and FRB Regulation
Issued in Washington, DC, on December requires that visitors make an CC. The CFPB and FRB regulations
15, 2016. appointment to inspect comments. You include the following provisions:
Anthony Foxx, may do so by calling (202) 649–6700 or, Reg B—12 CFR 1002—Equal Credit
Secretary of Transportation.
for persons who are deaf or hard of Opportunity Act
hearing, TTY, (202) 649–5597. Upon
[FR Doc. 2016–30660 Filed 12–19–16; 8:45 am] This regulation implements the Equal
arrival, visitors will be required to
BILLING CODE 4910–9X–P
present valid government-issued photo Credit Opportunity Act (15 U.S.C. 1601
identification and submit to security et seq.). The regulation prohibits lenders
screening in order to inspect and from discriminating against credit
DEPARTMENT OF THE TREASURY photocopy comments. applicants on a prohibited basis,
All comments received, including establishes rules for retaining records of
Office of the Comptroller of the credit applications and collecting
attachments and other supporting
Currency information about the applicant’s race
materials, are part of the public record
and subject to public disclosure. Do not and other personal characteristics in
Agency Information Collection applications for certain dwelling-related
Activities: Information Collection enclose any information in your
comment or supporting materials that loans, requires lenders to report the
Renewal; Comment Request: Record credit history in the names of both
and Disclosure Requirements— you consider confidential or
inappropriate for public disclosure. spouses on an account, requires lenders
Consumer Financial Protection Bureau to provide applicants with copies of
Regulations B, C, E, M, Z, and DD and FOR FURTHER INFORMATION CONTACT:
appraisal reports in connection with
Board of Governors of the Federal Shaquita Merritt, OCC Clearance
credit transactions, and requires
Reserve System Regulation CC Officer, (202) 649–5490 or, for persons
notification of action taken on a credit
who are deaf or hard of hearing, TTY,
AGENCY: Office of the Comptroller of the application.
(202) 649–5597, Legislative and
Currency (OCC), Treasury. Regulatory Activities Division, Office of Reg C—12 CFR 1003—Home Mortgage
ACTION: Notice and request for comment. the Comptroller of the Currency, 400 7th Disclosure
Street SW., Suite 3E–218, mail stop 9W– This regulation implements the
SUMMARY: The OCC, as part of its 11, Washington, DC 20219.
continuing effort to reduce paperwork requirements of the Home Mortgage
SUPPLEMENTARY INFORMATION: Under the Disclosure Act (12 U.S.C. 2801 et seq.).
and respondent burden, invites the
PRA (44 U.S.C. 3501–3520), Federal The regulation requires certain financial
general public and other Federal
agencies must obtain approval from institutions to report data to the
agencies to comment on the renewal of
OMB for each collection of information appropriate Federal agency about home
an information collection as required by
that they conduct or sponsor. The term purchase loans, home improvement
the Paperwork Reduction Act of 1995
‘‘collection of information’’ is defined in loans, and refinancings that it originates
(PRA).
44 U.S.C. 3502(3) and 5 CFR 1320.3(c) or purchases, or for which it receives
An agency may not conduct or
and includes agency requests or certain applications, and to disclose
sponsor, and a respondent is not
requirements that members of the public certain data to the public.
required to respond to, an information
submit reports, keep records, or provide
collection unless it displays a currently Reg E—12 CFR 1005—Electronic Fund
information to a third party. Section
valid Office of Management and Budget Transfers
3506(c)(2)(A) of title 44 requires Federal
(OMB) control number.
agencies to publish a 60-day notice in This regulation carries out the
The OCC is soliciting comment
the Federal Register concerning each purposes of the Electronic Fund
concerning the renewal of an
proposed collection of information, Transfer Act (15 U.S.C. 1693 et seq.),
information collection titled, ‘‘Record
including each proposed extension of an which establishes the basic rights,
and Disclosure Requirements—
existing collection of information, liabilities, and responsibilities of
Consumer Financial Protection Bureau
before submitting the collection to OMB consumers who use electronic fund
(CFPB) Regulations B, C, E, M, Z, and
for approval. To comply with this transfers and remittance transfer
DD and Board of Governors of the
requirement, the OCC is publishing this services and the financial institutions or
Federal Reserve System (FRB)
notice of the renewal of the following other persons that offer these services.
Regulation CC.’’
information collection:
DATES: Comments must be submitted on Title: Record and Disclosure Reg M—12 CFR 1013—Consumer
or before February 21, 2017. Requirements—Consumer Financial Leasing
ADDRESSES: Because paper mail in the Protection Bureau (CFPB) Regulations B, This regulation implements the
Washington, DC area and at the OCC is C, E, M, Z, and DD and Board of consumer leasing provisions of the
subject to delay, commenters are Truth in Lending Act (12 U.S.C. 1601 et
mstockstill on DSK3G9T082PROD with NOTICES
Governors of the Federal Reserve
encouraged to submit comments by System (FRB) Regulation CC. seq.). The regulation: Ensures that
email, if possible. Comments may be OMB Control No.: 1557–0176. lessees of personal property receive
sent to: Legislative and Regulatory Type of Review: Regular review. meaningful disclosures that enable them
Activities Division, Office of the Affected Public: Businesses or other to compare lease terms with other leases
Comptroller of the Currency, Attention: for-profit. and, where appropriate, with credit
1557–0176, 400 7th Street SW., Suite Frequency of Response: On occasion. transactions; limits the amount of
3E–218, mail stop 9W–11, Washington, Burden Estimates: balloon payments in consumer lease
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![Federal Register / Vol. 81, No. 244 / Tuesday, December 20, 2016 / Notices 92975
transactions; and provides for accurate Dated: December 13, 2016. Pennsylvania Avenue NW., Washington,
disclosure of lease terms in advertising. Karen Solomon, DC 20220, at (202) 622–0512 (this is not
Deputy Chief Counsel, Office of the a toll-free number). Persons who have
Reg Z—12 CFR 1026—Truth in Lending
Comptroller of the Currency. difficulty hearing or speaking may
This regulation implements the Truth [FR Doc. 2016–30497 Filed 12–19–16; 8:45 am] access this number via TTY by calling
in Lending Act (15 U.S.C. 1601 et seq.) BILLING CODE 4810–33–P the toll-free Federal Relay Service at
and certain provisions of the Real Estate (800) 877–8339.
Settlement Procedures Act (12 U.S.C.
2601 et seq.). The regulation prescribes DEPARTMENT OF THE TREASURY SUPPLEMENTARY INFORMATION: Notice of
uniform methods for computing the cost this meeting is provided in accordance
of credit, disclosing credit terms and Open Meeting of the Federal Advisory with the Federal Advisory Committee
costs, and resolving errors on certain Committee on Insurance Act, 5 U.S.C. App. II, 10(a)(2), through
types of credit accounts. implementing regulations at 41 CFR
AGENCY: Departmental Offices, U.S. 102–3.150.
Reg CC—12 CFR 229—Availability of Department of the Treasury.
Funds and Collection of Checks ACTION: Notice of Open Meeting.
Public Comment: Members of the
public wishing to comment on the
This regulation implements the SUMMARY: This notice announces that business of the Federal Advisory
Expedited Funds Availability Act (12 the Department of the Treasury’s Committee on Insurance are invited to
U.S.C. 4001–4010) and the Check Federal Advisory Committee on submit written statements by any of the
Clearing for the 21st Century Act (12 Insurance (‘‘Committee’’) will convene a following methods:
U.S.C. 5001–5018). The regulation meeting on Thursday, January 5, 2017,
contains: Rules regarding the duty of in the Cash Room, 1500 Pennsylvania Electronic Statements
banks to make funds deposited into Avenue NW., Washington, DC 20220, • Send electronic comments to faci@
accounts available for withdrawal, from 1:00–5:00 p.m. Eastern Time. The
including availability schedules and the treasury.gov.
meeting is open to the public, and the
disclosure of funds availability site is accessible to individuals with Paper Statements
practices; rules to expedite the disabilities.
collection and return of checks by • Send paper statements in triplicate
DATES: The meeting will be held on to the Federal Advisory Committee on
banks; and general provisions relating to
Thursday, January 5, 2017, from 1:00– Insurance, Room 1410, Department of
substitute checks, including the
5:00 p.m. Eastern Time. the Treasury, 1500 Pennsylvania
disclosure and notices that banks must
provide. ADDRESS: The Federal Advisory Avenue NW., Washington, DC 20220.
Committee on Insurance meeting will be
Reg DD—12 CFR 1030—Truth in held in the Cash Room, Department of In general, the Department of the
Savings the Treasury, 1500 Pennsylvania Treasury will post all statements on its
Avenue NW., Washington, DC 20220. Web site http://www.treasury.gov/
This regulation implements the Truth
in Savings Act (12 U.S.C. 4301 et seq.). The meeting will be open to the public. about/organizational-structure/offices/
The regulation requires depository Because the meeting will be held in a Pages/Federal-Insurance.aspx without
institutions to provide disclosures so secured facility, members of the public change, including any business or
that consumers can meaningfully who plan to attend the meeting must personal information provided such as
compare accounts at different either: names, addresses, email addresses, or
depository institutions. 1. Register online. Attendees may visit telephone numbers. The Department of
Comments: Comments submitted in http://www.cvent.com/d/hvq26p?ct= the Treasury will also make such
response to this notice will be 6128d144-9ad5-45f5-910c- statements available for public
summarized and/or included in the c7b44560aae0&RefID=FACI+General+ inspection and copying in the
request for OMB approval. All Registration and fill out a secure online Department of the Treasury’s Library,
comments will become a matter of registration form. A valid email address 1500 Pennsylvania Avenue NW.,
public record. Comments are invited on: will be required to complete online Washington, DC 20220, on official
registration. business days between the hours of
(a) Whether the collection of
information is necessary for the proper NOTE: online registration will close at 11:59 10:00 a.m. and 5:00 p.m. Eastern Time.
performance of the functions of the p.m. Eastern Time on Friday, December 30, You can make an appointment to
OCC, including whether the information 2016. inspect statements by telephoning (202)
has practical utility; 2. Contact the Federal Insurance 622–0990. All statements, including
(b) The accuracy of the OCC’s Office (FIO), at (202) 622–0512, by 5:00 attachments and other supporting
estimate of the information collection p.m. Eastern Time on Friday, December materials, received are part of the public
burden; 30, 2016, and provide registration record and subject to public disclosure.
(c) Ways to enhance the quality, information. You should submit only information
utility, and clarity of the information to Requests for reasonable that you wish to make available
be collected; accommodations under Section 504 of publicly.
(d) Ways to minimize the burden of the Rehabilitation Act should be Tentative Agenda/Topics for
the collection on respondents, including directed to Marcia Wilson, Office of Discussion: This is a periodic meeting of
mstockstill on DSK3G9T082PROD with NOTICES
through the use of automated collection Civil Rights and Diversity, Department the Federal Advisory Committee on
techniques or other forms of information of the Treasury at (202) 622–8177, or Insurance. In this meeting, the
technology; and marcia.wilson@treasury.gov. Committee will discuss a number of
(e) Estimates of capital or start-up FOR FURTHER INFORMATION CONTACT: issues, including blockchain technology
costs and costs of operation, Chester McPherson, Deputy Director, in the insurance sector, the changing
maintenance, and purchase of services Consumer Affairs, FIO, Room 1410, auto safety landscape, and an overview
to provide information. Department of the Treasury, 1500 of insurance fraud. The Committee will
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Document Created: 2018-02-14 09:09:30
Document Modified: 2018-02-14 09:09:30
| 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 | Comments must be submitted on or before February 21, 2017. | |
| Contact | Shaquita Merritt, OCC 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., Suite 3E-218, mail stop 9W-11, Washington, DC 20219. | |
| FR Citation | 81 FR 92974 |
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