82 FR 57751 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 82, Issue 234 (December 7, 2017)

Page Range		57751-57756
FR Document		2017-26424

The FDIC, 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 the renewal of the existing information collection, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on renewal of the information collection described below.

Federal Register, Volume 82 Issue 234 (Thursday, December 7, 2017)

[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)]
[Notices]
[Pages 57751-57756]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26424]


=======================================================================
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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The FDIC, 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 the renewal of the 
existing information collection, as required by the Paperwork Reduction 
Act of 1995. Currently, the FDIC is soliciting comment on renewal of 
the information collection described below.

DATES: Comments must be submitted on or before February 5, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Counsel, MB-3007, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, 
DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy

[[Page 57752]]

of the comments may also be submitted to the OMB desk officer for the 
FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 

Proposal To Renew the Following Currently Approved Collections of 
Information

    1. Title: Recordkeeping, Disclosure and Reporting Requirements in 
Connection with Regulation Z.
    OMB Number: 3064-0082.
    Form Number: None.
    Affected Public: State nonmember banks and state savings 
associations.
    General Description of Collection: Consumer Financial Protection 
Bureau (CFPB) Regulation Z--12 CFR 1026 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.). This regulation 
prescribes uniform methods for computing the cost of credit, the 
disclosure of credit terms and costs, the resolution of errors and 
imposes various other recordkeeping, reporting and disclosure 
requirements. The FDIC has enforcement authority on the requirements of 
the CFPB's Regulation over the financial institutions it supervises. 
This information collection captures the recordkeeping, reporting and 
disclosure burdens of Regulation Z on FDIC-supervised institutions.
    The information collection is being revised to account for 
revisions and changes made to Regulation Z by the CFPB since this 
information collection was last submitted to OMB for clearance.
    To arrive at the estimated annual burden the FDIC assessed the 
number of potential respondents to the information collection by 
identifying the number of FDIC-supervised institutions who reported 
activity that would be within the scope of the information collection 
requirements according to data from the most recent CALL Report. 
Additionally, the FDIC estimated the frequency of responses to the 
recordkeeping, reporting, or disclosure requirements by assessing the 
dollar volume of activity that would be within the scope of the 
information collection. In some instances the FDIC used information 
provided by other sources to estimate the magnitude and scope of 
activity attributable to FDIC-supervised institutions when more 
immediate information sources did not exist.
    Burden Estimate:

                                                        Implementation (one-time) Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Estimated       Estimated                                                         Total
                                  Obligation to respond/     number of    average number   Frequency of      Number of    Estimated time     estimated
                                      type of burden        respondents      of credit       response        responses     per response    annual burden
                                                                \1\          Accounts                                        (minutes)        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Open-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 Not Home-Secured Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         [cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate      Mandatory Recordkeeping               1             N/A               1               1          480.00               6
 Debts (1026.11(c)(1)) Written
 Policies and Procedures.
Ability to Pay (1026.51(a)(ii))  Mandatory Recordkeeping               1             N/A               1               1          480.00               6
 Written Policies and
 Procedures.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Mortgage Products (Open and Closed-End)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Valuation Independence
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                [cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation of Policies and   Mandatory Recordkeeping               1             N/A               1               0        1,200.00              20
 Procedures (1026.42(g)).
                                                         -----------------------------------------------------------------------------------------------
    Total Estimated              .......................  ..............  ..............  ..............  ..............  ..............        32 Hours
     Implementation Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 57753]]

 
                                                                 Ongoing Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Open-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 Not Home-Secured Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                        [cir] General Disclosure Rules for Not Home-Secured Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Credit and Charge Card           Mandatory Disclosure...             634             N/A               1             634          480.00           5,072
 Applications and Solicitations
 (1026.60).
Account Opening Disclosures      Mandatory Disclosure...             634             N/A               1             634          720.00           7,608
 (1026.6(b)).
Periodic Statements (1026.7(b))  Mandatory Disclosure...             634             N/A              12           7,608          480.00          60,864
Annual Statement of Billing      Mandatory Disclosure...             317             N/A               1             317          480.00           2,536
 Rights (1026.9(a)(1)).
Alternative Summary Statement    Voluntary Disclosure...             317             N/A              12           3,804          480.00          30,432
 of Billing Rights
 (1026.9(a)(2)).
Change in Terms Disclosures      Mandatory Disclosure...             634             N/A               1             634          480.00           5,072
 (1026.9(b) through (h)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         [cir] Credit and Charge Card Provisions
--------------------------------------------------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate      Mandatory Disclosure...             634             428               1         271,352            5.00          22,613
 Debts (1026.11(c)(2)).
Ability to Pay (1026.51).......  Mandatory Recordkeeping             634             N/A               1             634          720.00           7,608
College Student Credit Annual    Mandatory Reporting....             634             N/A               1             634          480.00           5,072
 Report (1026.57(d)).
Submission of Credit Card        Mandatory Reporting....             634             N/A               4           2,536          180.00           7,608
 Agreements (1026.58(c)).
Internet Posting of Credit Card  Mandatory Disclosure...             634             N/A               4           2,536          360.00          15,216
 Agreements (1026.58(d)).
Individual Credit Card           Mandatory Disclosure...             634             125               1          79,250           15.00          19,813
 Agreements (1026.58(e)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               Home Equity Open-End Credit Plans (HELOC)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       [cir] General Disclosure Rules for HELOC's
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application Disclosures          Mandatory Disclosure...           2,717             N/A               1           2,717          720.00          32,604
 (1026.40).
Account Opening Disclosures      Mandatory Disclosure...           2,717             N/A               1           2,717          720.00          32,604
 (1026.6(a)).
Periodic Statements (1026.7(a))  Mandatory Disclosure...           2,717             N/A               1           2,717          480.00          21,736
Annual Statement of Billing      Mandatory Disclosure...           2,717             N/A               1           2,717          480.00          21,736
 Rights (1026.9(a)(1)).
Alternative Summary Statement    Voluntary..............           2,717             N/A               1           2,717          480.00          21,736
 of Billing Rights               Disclosure.............
 (1026.9(a)(2)).
Change in Terms Disclosures      Mandatory Disclosure...           2,717             N/A               1           2,717          480.00          21,736
 (1026.9(b) through (h)).

[[Page 57754]]

 
Notice to Restrict Credit        Mandatory Disclosure...           2,717             N/A               1           2,717          120.00           5,434
 (1026.9(c)(1)(iii);
 .40(f)(3)(i) and (vi)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       All Open-End Credit Plans
--------------------------------------------------------------------------------------------------------------------------------------------------------
Error Resolution (1026.13).....  Mandatory Disclosure...           3,624           2,963               1      10,737,912             1.0         178,965
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               Closed-End Credit Products
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                  General Rules for Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Other than Real Estate, Home-    Mandatory Disclosure...               1             N/A               1               1          720.00              12
 Secured and Private Education
 Loans (1026.17 and .18).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          Closed-End Mortgages
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] Application and Consummation
--------------------------------------------------------------------------------------------------------------------------------------------------------
Loan Estimate (1026.19(e); and   Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
 .37).
Closing Disclosure (1026.19(f);  Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
 and .38).
Record Retention of Disclosures  Mandatory Recordkeeping           3,628             N/A               1           3,628           18.00           1,088
 (1026.19(e), (f); .37; and
 .38).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] Post-Consummation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interest Rate and Payment        Mandatory Disclosure...           3,628             N/A               1           3,628        2,400.00         145,120
 Summary (1026.18(s)).
No Guarantee to Refinance        Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
 Statement (1026.18(t)).
ARMs Rate Adjustments with       Mandatory Disclosure...           3,628             N/A               1           3,628           90.00           5,442
 Payment Change Disclosures
 (1026.20(c)).
Initial Rate Adjustment          Mandatory Disclosure...           3,628             N/A               1           3,628          120.00           7,256
 Disclosure for ARMs
 (1026.20(d)).
Escrow Cancellation Notice       Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
 (1026.20(e)).
Periodic Statements (1026.41)..  Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir]Ability to Repay Requirements
--------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum Standards (1026.43(c)    Mandatory Recordkeeping           3,628             926               1       3,359,528           15.00         839,882
 through (f)).
Prepayment Penalties             Mandatory Disclosure...           3,628              16               1          58,048           12.00          11.610
 (1026.43(g)).
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 57755]]

 
                                                         Mortgage Products (Open and Closed-End)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                     Mortgage Servicing Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 [cir] Payoff Statements
--------------------------------------------------------------------------------------------------------------------------------------------------------
Payoff Statements                Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,024
 (1026.36(c)(3)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            [cir] Notice of Sale or Transfer
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice of Sale or Transfer       Mandatory Disclosure...           3,628             N/A               1           3,628          480.00          29,204
 (1026.39).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Valuation Independence
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                [cir] Mandatory Reporting
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting Appraiser              Mandatory Reporting....           3,628               1               1           3,628           10.00             605
 Noncompliance (1026.42(g)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Reverse and High-Cost Mortgages
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           Reverse Mortgages
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] Reverse Mortgage Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reverse Mortgage Disclosures     Mandatory Disclosure...              14             N/A               1              14        1,440.00             336
 (1026.31(c)(2) and .33).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                        High-Cost Mortgage Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           [cir] HOEPA Disclosures and Notice
--------------------------------------------------------------------------------------------------------------------------------------------------------
HOEPA Disclosures and Notice     Mandatory Disclosure...           3,628             N/A               1           3,628           14.00             847
 (1026.32(c).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 Private Education Loans
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          Initial Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                     [cir] Application and Solicitation Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application or Solicitation      Mandatory Disclosure...           3,561             N/A               1           3,561        3,600.00         213,660
 Disclosures (1026.47(a)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                               [cir] Approval Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Approval Disclosures             Mandatory Disclosure...           3,561             N/A               1           3,561        3,600.00         213,660
 (1026.47(b)).
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 [cir] Final Disclosures
--------------------------------------------------------------------------------------------------------------------------------------------------------
Final Disclosures (1026.47(c)).  Mandatory Disclosure...           3,561             N/A               1           3,561        3,600.00         213,660
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Advertising Rules
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            All Credit Types
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                  [cir] Open-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Open-End Credit (1026.16)......  Mandatory Disclosure...           3,624               5               1          18,120           20.00           6,040
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 57756]]

 
                                                                 [cir] Closed-End Credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
Closed-End Credit (1026.24)....  Mandatory Disclosure...           3,628               5               1          18,140           20.00           6,047
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                    Record Retention
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Evidence of Compliance
--------------------------------------------------------------------------------------------------------------------------------------------------------
Regulation Z in General          Mandatory Recordkeeping           3,652             N/A               1           3,652           18.00           1,096
 (1026.25).
                                ------------------------------------------------------------------------------------------------------------------------
    Total Estimated Ongoing      .......................  ..............  ..............  ..............  ..............  ..............       2,396,494
     Burden.
                                ------------------------------------------------------------------------------------------------------------------------
    Total Estimated Annual       .......................  ..............  ..............  ..............  ..............  ..............       2,396,526
     Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
 FDIC estimates that all existing FDIC-supervised institutions have implemented the policies and procedures required by Regulation Z and will only face
  the estimated ongoing (transaction) burdens reflected in the table below. The respondent count of 1 is intended as a placeholder for the associated
  burden estimate to account for any institution(s) that may become subject to the information collection requirements in the future.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and 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. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 4th day of December, 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-26424 Filed 12-6-17; 8:45 am]
 BILLING CODE 6714-01-P

Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices 57751

the Farm Credit Administration Board Notice of Federal Advisory
ACTION: The discussions will involve matters of
(Board). Committee meetings. national defense that have been
DATES: The regular meeting of the Board classified by appropriate authorities
Board Action: Pursuant to 31 U.S.C. pursuant to Executive Order. A
will be held at the offices of the Farm 3511(d), the Federal Advisory
Credit Administration in McLean, determination has been made in writing
Committee Act, as amended (5 U.S.C. by the U.S. Government Accountability
Virginia, on December 14, 2017, from App.), and the FASAB Rules of
9:00 a.m. until such time as the Board Office, the U.S. Department of the
Procedure, as amended in October, Treasury, and the Office of Management
concludes its business. 2010, notice is hereby given that the and Budget, as required by section 10(d)
ADDRESSES: Farm Credit Federal Accounting Standards Advisory of the Federal Advisory Committee Act,
Administration, 1501 Farm Credit Drive, Board (FASAB) will hold its meetings 5 U.S.C. App., that such portions of the
McLean, Virginia 22102–5090. Submit on the following dates unless otherwise meetings may be closed to the public in
attendance requests via email to noted. accordance with subsection (c) of
VisitorRequest@FCA.gov. See
December 20 and 21, 2017 section 552b of title 5, United States
SUPPLEMENTARY INFORMATION for further
February 21 and 22, 2018 Code.
information about attendance requests. April 25 and 26, 2018
FOR FURTHER INFORMATION CONTACT: Dale Authority: Federal Advisory Committee
June 27 and 28, 2018 Act (5 U.S.C. App.), Government in the
L. Aultman, Secretary to the Farm August 29 and 30, 2018 Sunshine Act (5 U.S.C. 552b).
Credit Administration Board, (703) 883– October 24 and 25, 2018
4009, TTY (703) 883–4056, aultmand@ Dated: December 1, 2017.
December 19 and 20, 2018
fca.gov. Wendy M. Payne,
A portion of each meeting may be
SUPPLEMENTARY INFORMATION: Parts of Executive Director.
closed to the public. The purpose of the
this meeting of the Board will be open meetings is to discuss issues related to: [FR Doc. 2017–26397 Filed 12–6–17; 8:45 am]
to the public (limited space available) Accounting and Reporting of BILLING CODE 1610–02–P
and parts will be closed to the public. Government Land
Please send an email to VisitorRequest@ Classified Activities
FCA.gov at least 24 hours before the Department of Defense Implementation FEDERAL DEPOSIT INSURANCE
meeting. In your email include: Name, Guidance Request CORPORATION
postal address, entity you are Evaluation of Existing Standards
representing (if applicable), and Agency Information Collection
Leases
telephone number. You will receive an Note Disclosures Activities: Proposed Collection
email confirmation from us. Please be Risk Assumed Renewal; Comment Request
prepared to show a photo identification Any other topics as needed AGENCY: Federal Deposit Insurance
when you arrive. If you need assistance Corporation (FDIC).
Unless otherwise noted, FASAB
for accessibility reasons, or if you have
meetings begin at 9 a.m. and conclude ACTION: Notice and request for comment.
any questions, contact Dale L. Aultman,
before 5 p.m. and are held at the U.S.
Secretary to the Farm Credit SUMMARY: The FDIC, as part of its
Government Accountability Office
Administration Board, at (703) 883– continuing effort to reduce paperwork
(GAO) Building at 441 G St. NW., in
4009. The matters to be considered at and respondent burden, invites the
the meeting are: Room 7C13. Agendas and briefing
materials will be available at http:// general public and other Federal
Open Session www.fasab.gov/briefing-materials/ agencies to take this opportunity to
approximately one week before each comment on the renewal of the existing
A. Approval of Minutes information collection, as required by
• November 9, 2017 meeting.
B. Reports Any interested person may attend the the Paperwork Reduction Act of 1995.
• Quarterly Report on Economic meetings as an observer. Board Currently, the FDIC is soliciting
Conditions and FCS Conditions discussion and reviews are open to the comment on renewal of the information
• Semi-Annual Report on Office of public except for those portions that are collection described below.
Examination Operations closed, as discussed below. GAO DATES: Comments must be submitted on
Building security requires advance or before February 5, 2018.
Closed Session *
notice of your attendance. If you wish ADDRESSES: Interested parties are
• Office of Examination Quarterly to attend a FASAB meeting, please pre- invited to submit written comments to
Report register on our Web site at http:// the FDIC by any of the following
Dated: December 5, 2017. www.fasab.gov/pre-registration/ no later methods:
Dale L. Aultman, than 8 a.m. the Tuesday before the • http://www.FDIC.gov/regulations/
Secretary, Farm Credit Administration Board. meeting to be observed. laws/federal/notices.html.
• Email: comments@fdic.gov. Include
[FR Doc. 2017–26475 Filed 12–5–17; 11:15 am] FOR FURTHER INFORMATION CONTACT:
the name and number of the collection
BILLING CODE 6705–01–P Wendy Payne, FASAB Executive
in the subject line of the message.
Director, 441 G Street NW., Mailstop • Mail: Manny Cabeza (202–898–
6H19, Washington, DC 20548, or call 3767), Counsel, MB–3007, Federal
FEDERAL ACCOUNTING STANDARDS (202) 512–7350. Deposit Insurance Corporation, 550 17th
SUPPLEMENTARY INFORMATION: Notice is
sradovich on DSK3GMQ082PROD with NOTICES

ADVISORY BOARD Street NW., Washington, DC 20429.
hereby given that FASAB may meet in • Hand Delivery: Comments may be
Notice of Meeting Schedule closed session for a portion of each of hand-delivered to the guard station at
AGENCY: Federal Accounting Standards its scheduled meetings listed above. the rear of the 17th Street Building
Advisory Board. Any closed session will not exceed five (located on F Street), on business days
hours at each meeting. The reason for between 7:00 a.m. and 5:00 p.m.
* Session Closed-Exempt pursuant to 5 U.S.C. the closures is that matters covered by All comments should refer to the
552b(c)(8) and (9). 5 U.S.C. 552b(c)(1) will be discussed. relevant OMB control number. A copy

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57752 Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices

of the comments may also be submitted implements the Truth in Lending Act To arrive at the estimated annual
to the OMB desk officer for the FDIC: (15 U.S.C. 1601, et seq.) and certain burden the FDIC assessed the number of
Office of Information and Regulatory provisions of the Real Estate Settlement potential respondents to the information
Affairs, Office of Management and Procedures Act (12 U.S.C. 2601 et seq.). collection by identifying the number of
Budget, New Executive Office Building, This regulation prescribes uniform FDIC-supervised institutions who
Washington, DC 20503. methods for computing the cost of reported activity that would be within
FOR FURTHER INFORMATION CONTACT: credit, the disclosure of credit terms and the scope of the information collection
Manny Cabeza, at the FDIC address costs, the resolution of errors and requirements according to data from the
above. imposes various other recordkeeping, most recent CALL Report. Additionally,
reporting and disclosure requirements.
SUPPLEMENTARY INFORMATION: the FDIC estimated the frequency of
The FDIC has enforcement authority on
Proposal To Renew the Following responses to the recordkeeping,
the requirements of the CFPB’s
Currently Approved Collections of reporting, or disclosure requirements by
Regulation over the financial
Information institutions it supervises. This assessing the dollar volume of activity
information collection captures the that would be within the scope of the
1. Title: Recordkeeping, Disclosure information collection. In some
and Reporting Requirements in recordkeeping, reporting and disclosure
burdens of Regulation Z on FDIC- instances the FDIC used information
Connection with Regulation Z.
OMB Number: 3064–0082. supervised institutions. provided by other sources to estimate
Form Number: None. The information collection is being the magnitude and scope of activity
Affected Public: State nonmember revised to account for revisions and attributable to FDIC-supervised
banks and state savings associations. changes made to Regulation Z by the institutions when more immediate
General Description of Collection: CFPB since this information collection information sources did not exist.
Consumer Financial Protection Bureau was last submitted to OMB for Burden Estimate:
(CFPB) Regulation Z—12 CFR 1026 clearance.

IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE
Estimated Total
Obligation to Estimated average Frequency of Number of Estimated time estimated
respond/type number of number of response responses per response annual burden
of burden respondents 1 credit (minutes) (hours)
Accounts

Open-End Credit Products

• Not Home-Secured Open-End Credit Plans

Æ Credit and Charge Card Provisions

Timely Settlement of Mandatory Rec- 1 N/A 1 1 480.00 6
Estate Debts ordkeeping.
(1026.11(c)(1))
Written Policies and
Procedures.
Ability to Pay Mandatory Rec- 1 N/A 1 1 480.00 6
(1026.51(a)(ii)) ordkeeping.
Written Policies and
Procedures.

Mortgage Products (Open and Closed-End)

• Valuation Independence

Æ Mandatory Reporting

Implementation of Mandatory Rec- 1 N/A 1 0 1,200.00 20
Policies and Proce- ordkeeping.
dures (1026.42(g)).

Total Estimated ........................... ........................ ........................ ........................ ........................ ........................ 32 Hours
Implementation
Burden.
sradovich on DSK3GMQ082PROD with NOTICES

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$Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices 57753 IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE—Continued Estimated Total Obligation to Estimated average Frequency of Number of Estimated time estimated respond/type number of number of response responses per response annual burden of burden respondents 1 credit (minutes) (hours) Accounts Ongoing Burden Estimate Open-End Credit Products • Not Home-Secured Open-End Credit Plans Æ General Disclosure Rules for Not Home-Secured Open-End Credit Plans Credit and Charge Mandatory Dis- 634 N/A 1 634 480.00 5,072 Card Applications closure. and Solicitations (1026.60). Account Opening Dis- Mandatory Dis- 634 N/A 1 634 720.00 7,608 closures closure. (1026.6(b)). Periodic Statements Mandatory Dis- 634 N/A 12 7,608 480.00 60,864 (1026.7(b)). closure. Annual Statement of Mandatory Dis- 317 N/A 1 317 480.00 2,536 Billing Rights closure. (1026.9(a)(1)). Alternative Summary Voluntary Dis- 317 N/A 12 3,804 480.00 30,432 Statement of Billing closure. Rights (1026.9(a)(2)). Change in Terms Dis- Mandatory Dis- 634 N/A 1 634 480.00 5,072 closures (1026.9(b) closure. through (h)). Æ Credit and Charge Card Provisions Timely Settlement of Mandatory Dis- 634 428 1 271,352 5.00 22,613 Estate Debts closure. (1026.11(c)(2)). Ability to Pay Mandatory Rec- 634 N/A 1 634 720.00 7,608 (1026.51). ordkeeping. College Student Mandatory Re- 634 N/A 1 634 480.00 5,072 Credit Annual Re- porting. port (1026.57(d)). Submission of Credit Mandatory Re- 634 N/A 4 2,536 180.00 7,608 Card Agreements porting. (1026.58(c)). Internet Posting of Mandatory Dis- 634 N/A 4 2,536 360.00 15,216 Credit Card Agree- closure. ments (1026.58(d)). Individual Credit Card Mandatory Dis- 634 125 1 79,250 15.00 19,813 Agreements closure. (1026.58(e)). • Home Equity Open-End Credit Plans (HELOC) Æ General Disclosure Rules for HELOC’s Application Disclo- Mandatory Dis- 2,717 N/A 1 2,717 720.00 32,604 sures (1026.40). closure. Account Opening Dis- Mandatory Dis- 2,717 N/A 1 2,717 720.00 32,604 closures closure. (1026.6(a)). Periodic Statements Mandatory Dis- 2,717 N/A 1 2,717 480.00 21,736 (1026.7(a)). closure. Annual Statement of Mandatory Dis- 2,717 N/A 1 2,717 480.00 21,736 Billing Rights closure. sradovich on DSK3GMQ082PROD with NOTICES (1026.9(a)(1)). Alternative Summary Voluntary .......... 2,717 N/A 1 2,717 480.00 21,736 Statement of Billing Disclosure ......... Rights (1026.9(a)(2)). Change in Terms Dis- Mandatory Dis- 2,717 N/A 1 2,717 480.00 21,736 closures (1026.9(b) closure. through (h)). VerDate Sep<11>2014 18:50 Dec 06, 2017 Jkt 244001 PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 E:\FR\FM\07DEN1.SGM 07DEN1$

$57754 Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE—Continued Estimated Total Obligation to Estimated average Frequency of Number of Estimated time estimated respond/type number of number of response responses per response annual burden of burden respondents 1 credit (minutes) (hours) Accounts Notice to Restrict Mandatory Dis- 2,717 N/A 1 2,717 120.00 5,434 Credit closure. (1026.9(c)(1)(iii); .40(f)(3)(i) and (vi)). • All Open-End Credit Plans Error Resolution Mandatory Dis- 3,624 2,963 1 10,737,912 1.0 178,965 (1026.13). closure. Closed-End Credit Products • General Rules for Closed-End Credit Other than Real Es- Mandatory Dis- 1 N/A 1 1 720.00 12 tate, Home-Se- closure. cured and Private Education Loans (1026.17 and .18). • Closed-End Mortgages Æ Application and Consummation Loan Estimate Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 (1026.19(e); and closure. .37). Closing Disclosure Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 (1026.19(f); and closure. .38). Record Retention of Mandatory Rec- 3,628 N/A 1 3,628 18.00 1,088 Disclosures ordkeeping. (1026.19(e), (f); .37; and .38). Æ Post-Consummation Disclosures Interest Rate and Mandatory Dis- 3,628 N/A 1 3,628 2,400.00 145,120 Payment Summary closure. (1026.18(s)). No Guarantee to Refi- Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 nance Statement closure. (1026.18(t)). ARMs Rate Adjust- Mandatory Dis- 3,628 N/A 1 3,628 90.00 5,442 ments with Pay- closure. ment Change Dis- closures (1026.20(c)). Initial Rate Adjust- Mandatory Dis- 3,628 N/A 1 3,628 120.00 7,256 ment Disclosure for closure. ARMs (1026.20(d)). Escrow Cancellation Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 Notice (1026.20(e)). closure. Periodic Statements Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 (1026.41). closure. ÆAbility to Repay Requirements Minimum Standards Mandatory Rec- 3,628 926 1 3,359,528 15.00 839,882 sradovich on DSK3GMQ082PROD with NOTICES (1026.43(c) through ordkeeping. (f)). Prepayment Penalties Mandatory Dis- 3,628 16 1 58,048 12.00 11.610 (1026.43(g)). closure. VerDate Sep<11>2014 18:50 Dec 06, 2017 Jkt 244001 PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 E:\FR\FM\07DEN1.SGM 07DEN1$

$Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices 57755 IMPLEMENTATION (ONE-TIME) BURDEN ESTIMATE—Continued Estimated Total Obligation to Estimated average Frequency of Number of Estimated time estimated respond/type number of number of response responses per response annual burden of burden respondents 1 credit (minutes) (hours) Accounts Mortgage Products (Open and Closed-End) • Mortgage Servicing Disclosures Æ Payoff Statements Payoff Statements Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,024 (1026.36(c)(3)). closure. Æ Notice of Sale or Transfer Notice of Sale or Mandatory Dis- 3,628 N/A 1 3,628 480.00 29,204 Transfer (1026.39). closure. • Valuation Independence Æ Mandatory Reporting Reporting Appraiser Mandatory Re- 3,628 1 1 3,628 10.00 605 Noncompliance porting. (1026.42(g)). Reverse and High-Cost Mortgages • Reverse Mortgages Æ Reverse Mortgage Disclosures Reverse Mortgage Mandatory Dis- 14 N/A 1 14 1,440.00 336 Disclosures closure. (1026.31(c)(2) and .33). • High-Cost Mortgage Loans Æ HOEPA Disclosures and Notice HOEPA Disclosures Mandatory Dis- 3,628 N/A 1 3,628 14.00 847 and Notice closure. (1026.32(c). Private Education Loans • Initial Disclosures Æ Application and Solicitation Disclosures Application or Solici- Mandatory Dis- 3,561 N/A 1 3,561 3,600.00 213,660 tation Disclosures closure. (1026.47(a)). Æ Approval Disclosures Approval Disclosures Mandatory Dis- 3,561 N/A 1 3,561 3,600.00 213,660 (1026.47(b)). closure. Æ Final Disclosures Final Disclosures Mandatory Dis- 3,561 N/A 1 3,561 3,600.00 213,660 (1026.47(c)). closure. Advertising Rules sradovich on DSK3GMQ082PROD with NOTICES • All Credit Types Æ Open-End Credit Open-End Credit Mandatory Dis- 3,624 5 1 18,120 20.00 6,040 (1026.16). closure. VerDate Sep<11>2014 21:30 Dec 06, 2017 Jkt 244001 PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 E:\FR\FM\07DEN1.SGM 07DEN1$

Document Created: 2017-12-07 00:34:51
Document Modified: 2017-12-07 00:34:51

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 5, 2018.
FR Citation		82 FR 57751