81 FR 9585 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Appraisal Complaint Form

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 37 (February 25, 2016)

The OCC and the FDIC (the Agencies), as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on an information collection renewal, 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 Agencies are soliciting comment concerning the renewal of each Agency's information collection titled ``Interagency Appraisal Complaint Form.'' The Agencies also are giving notice that they have each sent their collection to OMB for review.

[Federal Register Volume 81, Number 37 (Thursday, February 25, 2016)]
[Notices]
[Pages 9585-9586]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03968]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Interagency Appraisal Complaint 
Form

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC) and 
Federal Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: The OCC and the FDIC (the Agencies), as part of their 
continuing effort to reduce paperwork and respondent burden, invite the 
general public and other Federal agencies to take this opportunity to 
comment on an information collection renewal, 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 Agencies are soliciting comment concerning the renewal of each 
Agency's information collection titled ``Interagency Appraisal 
Complaint Form.'' The Agencies also are giving notice that they have 
each sent their collection to OMB for review.

DATES: Comments must be received by March 28, 2016.

ADDRESSES:
    OCC: 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: 1557-0314, 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.
    FDIC: You may submit comments by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Agency Web site: http://www.FDIC.gov/regulations/laws/federal/.
     Mail: Gary Kuiper (202.898.3877), Counsel, MB-3016, or 
Manuel Cabeza (202.898.3767), Counsel, MB-3105, Legal Division, Federal 
Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429.
     Hand Delivered/Courier: The guard station at the rear of 
the 550 17th Street Building (located on F Street), on business days 
between 7:00 a.m. and 5:00 p.m.
     Email: [email protected].
    Instructions: Comments submitted must include ``Interagency 
Appraisal Complaint Form.'' Comments received will be posted without 
change to  http://www.FDIC.gov/regulations/laws/federal/, including any 
personal information provided.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0314 or 3064-0190, 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:
    OCC: 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., Washington, DC 20219.
    FDIC: Gary Kuiper or Manuel Cabeza at the address or telephone 
number given above.

SUPPLEMENTARY INFORMATION: In compliance with the PRA, 44 U.S.C. 3501 
et seq., the Agencies are seeking comment on the renewal of the 
following collection of information:

Interagency Appraisal Complaint Form

    Section 1473(p) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act \1\ provides that the Appraisal Subcommittee (ASC) of 
the Federal Financial Institutions Examination Council (FFIEC) shall 
establish and operate a national hotline (ASC Hotline) to receive 
complaints of non-compliance with the appraisal independence standards 
of the Uniform Standards of Professional Appraisal Practice (USPAP) if 
the ASC determines, six months after enactment of that section (i.e., 
January 21, 2011), that no such national hotline exists. The statute 
requires that the ASC Hotline shall include a toll-free telephone 
number and an email address. Section 1473(p) further directs the ASC to 
refer complaints received through the ASC Hotline to the appropriate 
government bodies for further action, which may include referrals to 
the Agencies, the Federal Reserve Board (Board), the National Credit 
Union Administration (NCUA), the Consumer Financial Protection Bureau 
(CFPB), and State agencies. On January 12, 2011, the ASC determined 
that a national appraisal hotline did not exist, and a notice of that 
determination was published in the Federal Register on January 28, 2011 
(76 FR 5161). As a result, the ASC established a hotline to refer 
complaints to appropriate state and Federal regulators.
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    \1\ Dodd-Frank Wall Street Reform and Consumer Protection Act 
section 1473, Public Law 111-203, 124 Stat. 1376, July 21, 2010; 12 
U.S.C. 3351(i).
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    Representatives from the Agencies, the Board, the NCUA, and the 
CFPB met and established a process to facilitate the referral of 
complaints received through the ASC Hotline to the appropriate Federal 
financial institution regulatory agency or agencies. The Agencies, the 
Board, and the NCUA developed the Interagency Appraisal Complaint Form 
(IACF) to collect the information necessary to take further action on 
the complaint. The CFPB incorporated the process into one of their 
existing systems.

Description of the IACF

    The IACF was developed for use by those who wish to file a formal, 
written complaint that an entity subject to the jurisdiction of one or 
more Agencies, the Board, or the NCUA has failed to comply with the 
appraisal independence standards or USPAP. The IACF is designed to 
collect information necessary for one or both of the Agencies, the 
Board, or the NCUA to take further action on a complaint from an 
appraiser, other individual, financial

[[Page 9586]]

institution, or other entities. The Agencies, the Board, and the NCUA 
use the information to take further action on the complaint to the 
extent the complaint relates to an issue within their jurisdiction. The 
Board and the NCUA are renewing their forms separately.
    The OCC and FDIC estimate that the burden of this collection of 
information is as follows:

OCC

    OMB Control Number: 1557-0314.
    Estimated Number of Respondents: 1,500.
    Estimated Burden per Response: 0.5 hours.
    Estimated Total Annual Burden: 750 hours.

FDIC

    OMB Control Number: 3064-0190.
    Estimated Number of Respondents: 200.
    Estimated Burden per Response: 0.5 hours.
    Estimated Total Annual Burden: 100 hours.
    The Agencies issued a notice regarding the collection for 60 days 
of comment on December 4, 2015, 80 FR 75896. 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 Agencies, including whether 
the information has practical utility;
    (b) The accuracy of the Agencies' estimates 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: February 17, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Dated at Washington, DC, this 19th day of February 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-03968 Filed 2-24-16; 8:45 am]
 BILLING CODE 4810-33-P; 6714-01-P