82 FR 10760 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 82, Issue 30 (February 15, 2017)

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Bureau of Consumer Financial Protection (Bureau) is proposing to renew the Office of Management and Budget (OMB) approval for an existing information collection titled, ``Truth In Lending Act (Regulation Z)--Appraisals for Higher-Priced Mortgage Loans.''

[Federal Register Volume 82, Number 30 (Wednesday, February 15, 2017)]
[Notices]
[Pages 10760-10761]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03008]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2017-0001]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Bureau of Consumer Financial Protection (Bureau) is proposing to 
renew the Office of Management and Budget (OMB) approval for an 
existing information collection titled, ``Truth In Lending Act 
(Regulation Z)--Appraisals for Higher-Priced Mortgage Loans.''

DATES: Written comments are encouraged and must be received on or 
before March 17, 2017 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.
     OMB: Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503 or fax to (202) 395-5806. 
Mailed or faxed comments to OMB should be to the attention of the OMB 
Desk Officer for the Bureau of Consumer Financial Protection.
    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.reginfo.gov 
(this link becomes active on the day following publication of this 
notice). Select ``Information Collection Review,'' under ``Currently 
under review, use the dropdown menu ``Select Agency'' and select 
``Consumer Financial Protection Bureau'' (recent submissions to OMB 
will be at the top of the list). The same documentation is also 
available at http://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 email box.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Truth In Lending Act (Regulation Z)--
Appraisals for Higher-Priced Mortgage Loans.
    OMB Control Number: 3170-0026.
    Type of Review: Extension without change of currently approved 
collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 2,047.
    Estimated Total Annual Burden Hours: 516.
    Abstract: The Truth in Lending Act requires creditors originating 
mortgages with an annual percentage rate that exceeds the average prime 
offer rate by a specified percentage (higher-risk mortgage loans) to 
obtain an appraisal or appraisals meeting certain specified standards, 
provide applicants with a notification regarding the use of appraisals, 
and give applicants a copy of written appraisals used.
    This is a routine request for OMB to renew its approval of the 
collections of information currently approved under this OMB control 
number. The Bureau is not proposing any new or revised collections of 
information pursuant to this request.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on November 11, 2016, 81 FR 76924, Docket Number: CFPB-2016-
0046. Comments were solicited and continue to be 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

[[Page 10761]]

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 
reviewed by OMB as part of its review of this request. All comments 
will become a matter of public record.

Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2017-03008 Filed 2-14-17; 8:45 am]
BILLING CODE 4810-AM-P