83 FR 12843 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Appraisal Management Companies
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 57 (March 23, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 57 (March 23, 2018)
| Page Range | 12843-12845 | |
| FR Document | 2018-05890 |
[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)] [Notices] [Pages 12843-12845] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05890] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Appraisal Management Companies 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 continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the 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 its information collection titled, ``Appraisal Management Companies.'' DATES: You should submit written comments by May 22, 2018. 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. You may submit comments by any of the following methods:Email: [email protected]. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0324, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Fax: (571) 465-4326. Instructions: You must include ``OCC'' as the agency name and ``1557-0324'' in your comment. In general, the OCC will publish them on www.reginfo.gov without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. 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. [[Page 12844]] You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection \1\ by any of the following methods: --------------------------------------------------------------------------- \1\ Following the close of the 60-Day comment period for this notice, the OCC will publish a notice for 30 days of comment for this collection. --------------------------------------------------------------------------- Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ``Information Collection Review'' tab. Underneath the ``Currently under Review'' section heading, from the drop-down menu, select ``Department of Treasury'' and then click ``submit.'' This information collection can be located by searching by OMB control number ``1557-0324'' or ``Appraisal Management Companies.'' Upon finding the appropriate information collection, click on the related ``ICR Reference Number.'' On the next screen, select ``View Supporting Statement and Other Documents'' and then click on the link to any comment listed at the bottom of the screen. For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340. Viewing Comments Personally: You may personally inspect and photocopy comments at the OCC, 400 7th Street SW, Washington, DC. 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 hearing impaired, 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. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include 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 provide 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 notice of the proposed collection of information set forth in this document. Title: Appraisal Management Companies. OMB Control No.: 1557-0324. Affected Public: Business or other for-profit. Type of Review: Regular review. Abstract: The OCC, Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (Bureau), and Federal Housing Finance Agency (FHFA) (Agencies) have rules implementing the minimum requirements in section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to be applied by States in the registration and supervision of appraisal management companies (AMCs). The Agencies have also implemented the requirement in section 1473 of the Dodd-Frank Act for States to report to the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) the information required by the Appraisal Subcommittee (ASC) to administer the new national registry of appraisal management companies (AMC National Registry or Registry). State Recordkeeping Requirements States seeking to register AMCs must have an AMC registration and supervision program. Section 34.213(a) requires each participating State to establish and maintain within its appraiser certifying and licensing agency a registration and supervision program with the legal authority and mechanisms to: (i) Review and approve or deny an application for initial registration; (ii) periodically review and renew, or deny renewal of, an AMC's registration; (iii) examine an AMC's books and records and require the submission of reports, information, and documents; (iv) verify an AMC's panel members' certifications or licenses; (v) investigate and assess potential law, regulation, or order violations; (vi) discipline, suspend, terminate, or deny registration renewals of, AMCs that violate laws, regulations, or orders; and (vii) report violations of appraisal-related laws, regulations, or orders, and disciplinary and enforcement actions to the ASC. Section 34.213(b) requires each participating State to impose requirements on AMCs not owned and controlled by an insured depository institution and regulated by a Federal financial institution's regulatory agency to: (i) Register with and be subject to supervision by a State appraiser certifying and licensing agency in each State in which the AMC operates; (ii) use only State-certified or State-licensed appraisers for Federally regulated transactions in conformity with any Federally regulated transaction regulations; (iii) establish and comply with processes and controls reasonably designed to ensure that the AMC, in engaging an appraiser, selects an appraiser who is independent of the transaction and who has the requisite education, expertise, and experience necessary to competently complete the appraisal assignment for the particular market and property type; (iv) direct the appraiser to perform the assignment in accordance with Uniform Standards of Professional Appraisal Practices (USPAP); and (v) establish and comply with processes and controls reasonably designed to ensure that the AMC conducts its appraisal management services in accordance with section 129E(a)-(i) of the Truth in Lending Act. State Reporting Burden Section 34.216 requires that each State electing to register AMCs for purposes of permitting AMCs to provide appraisal management services relating to covered transactions in the State must submit to the ASC the information required to be submitted under subpart H to part 34 and any additional information required by the ASC concerning AMCs. AMC Reporting Requirements Section 34.215(c) requires that a Federally regulated AMC must report to the State or States in which it operates the information required to be submitted by the State pursuant to the ASC's policies, including: (i) Information regarding the determination of the AMC National Registry fee; and (ii) the information listed in Sec. 34.214. Section 34.214 provides that an AMC may not be registered by a State or included on the AMC National Registry if such company is owned, directly or indirectly, by any person who has had an appraiser license or certificate refused, denied, cancelled, surrendered in lieu of revocation, or revoked in any State. Each person that owns more than 10 percent of an AMC shall submit to a background investigation carried out by the State appraiser certifying and licensing agency. While Sec. 34.214 does not authorize States to conduct background investigations of Federally [[Page 12845]] regulated AMCs, it would allow a State to do so if the Federally regulated AMC chooses to register voluntarily with the State. AMC Recordkeeping Requirements Section 34.212(b) provides that an appraiser in an AMC's network or panel is deemed to remain on the network or panel until: (i) The AMC sends a written notice to the appraiser removing the appraiser with an explanation; or (ii) receives a written notice from the appraiser asking to be removed or a notice of the death or incapacity of the appraiser. The AMC would retain these notices in its files. Estimated Number of Respondents: 200 AMCs; 55 States and Territories. Total Estimated Annual Burden: 421. Comments submitted in response to this notice will be summarized and 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: March 15, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel. [FR Doc. 2018-05890 Filed 3-22-18; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices 12843
verification, which will consist of NHTSA has decided that each DEPARTMENT OF THE TREASURY
copies of purchase invoices and a conformity package must include a
detailed description of the occupant detailed description of all modifications Office of the Comptroller of the
protection system in place on the made to achieve conformity with this Currency
vehicle at the time it was delivered to standard and that all newly installed
the RI. The RI must also provide a Agency Information Collection
and replaced components must be U.S.-
similarly detailed description of the Activities: Information Collection
conforming model Ferrari replacement
occupant protection system in place Renewal; Comment Request; Appraisal
components, provided that the non-U.S. Management Companies
after the vehicle is altered, including vehicles were manufactured with
photographs of all required labeling. mounting anchorages that are identical AGENCY: Office of the Comptroller of the
The descriptions must include assembly to those on the U.S.-certified vehicles. Currency (OCC), Treasury.
diagrams and associated part numbers This description must include part ACTION: Notice and request for comment.
for all components that were removed
number verification for each part
from and installed on the vehicle, and SUMMARY: The OCC, as part of its
replaced, copies of purchase invoices,
descriptions of how the programming continuing effort to reduce paperwork
changes were completed and how and photographic evidence of the
and respondent burden, invites the
compliance was verified. Additionally, modifications made to achieve
general public and other Federal
photographs (e.g., screenshots) or report conformity.
agencies to take this opportunity to
printouts, as practicable, must be In addition to the information comment on a continuing information
submitted as proof that the specified above, each conformity collection as required by the Paperwork
reprogramming was carried out package must include evidence showing Reduction Act of 1995 (PRA). In
successfully. Proof in the form of test how the RI verified that the changes accordance with the requirements of the
results that, as altered, the vehicle they made in loading or reprograming PRA, the OCC may not conduct or
conforms to child protection vehicle software to achieve conformity sponsor, and the respondent is not
requirements, passenger out of position, with each separate FMVSS, did not also required to respond to, an information
unbelted occupant, and telltale cause the vehicle to fall out of collection unless it displays a currently
requirements of FMVSS No. 208 after compliance with any other applicable valid Office of Management and Budget
the replacement parts and software FMVSS. (OMB) control number.
updates are installed. The OCC is soliciting comment
FMVSS No. 225, Child Restraint Decision concerning the renewal of its
Anchorage Systems; FNA commented information collection titled, ‘‘Appraisal
that while G&K correctly summarized Accordingly, on the basis of the Management Companies.’’
that they will need to add the foregoing, NHTSA hereby decides that
DATES: You should submit written
appropriate child restraint anchorage, MY 2013–2014 Ferrari F12 Berlinetta
comments by May 22, 2018.
this summary unduly minimizes the passenger cars that were not originally
ADDRESSES: Because paper mail in the
expense and potential difficulties of manufactured to comply with all
applicable FMVSS, are substantially Washington, DC area and at the OCC is
said installation. Specifically, FNA subject to delay, commenters are
states that installation will require similar to MY 2013–2014 Ferrari F12
encouraged to submit comments by
replacement of upholstery, and that the Berlinetta passenger cars manufactured
email, if possible. You may submit
screw holding the anchorage must be for importation into and/or sale in the comments by any of the following
tightened to a precisely-defined torque. United States, and certified under 49 methods:
G&K responded by asserting that they U.S.C. 30115, and are capable of being • Email: prainfo@occ.treas.gov.
have the necessary experience to install readily altered to conform to all • Mail: Legislative and Regulatory
such an anchorage in a vehicle. applicable Federal Motor Vehicle Safety Activities Division, Office of the
NHTSA has decided that each Standards. Comptroller of the Currency, Attention:
conformity package must include 1557–0324, 400 7th Street SW, Suite
photographic evidence that the required Vehicle Eligibility Number for Subject
3E–218, Washington, DC 20219.
Vehicles
anchorage has been installed in each • Hand Delivery/Courier: 400 7th
imported vehicle, and include a The importer of a vehicle admissible Street SW, Suite 3E–218, Washington,
description of how the RI accomplished under any final decision must indicate DC 20219.
proper torqueing of the anchorage
on the form HS–7 accompanying entry • Fax: (571) 465–4326.
screw. Instructions: You must include
the appropriate vehicle eligibility
FMVSS No. 301 Fuel System Integrity; ‘‘OCC’’ as the agency name and ‘‘1557–
number indicating that the vehicle is
FNA stated that the modifications to the 0324’’ in your comment. In general, the
eligible for entry. VSP–594 is the
fuel system that G&K identified in their OCC will publish them on
petition may overlook reinforcements vehicle eligibility number assigned to
www.reginfo.gov without change,
that have been provided for U.S.- vehicles admissible under this notice of including any business or personal
certified vehicles to limit the movement final decision. information that you provide, such as
of the gearbox in rear-end collisions as Authority: (49 U.S.C. 30118, 30120: name and address information, email
a means of preventing its impact with delegations of authority at 49 CFR 1.95 and addresses, or phone numbers.
the fuel tank. 501.8). Comments received, including
amozie on DSK30RV082PROD with NOTICES
G&K responded by reiterating that attachments and other supporting
Michael Cole,
they will inspect each individual materials, are part of the public record
vehicle for compliance with this Acting Director, Office of Vehicle Safety and subject to public disclosure. Do not
standard, and that they will install Compliance. include any information in your
additional brackets behind the gearbox [FR Doc. 2018–05917 Filed 3–22–18; 8:45 am] comment or supporting materials that
similar to those found in U.S.-certified BILLING CODE 4910–59–P you consider confidential or
vehicles as necessary. inappropriate for public disclosure.
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![Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices 12845
regulated AMCs, it would allow a State paperwork and respondent burden, internal revenue law. Generally, tax
to do so if the Federally regulated AMC invites the public and other Federal returns and tax return information are
chooses to register voluntarily with the agencies to take this opportunity to confidential, as required by 26 U.S.C.
State. comment on proposed and/or 6103.
continuing information collections, as Desired Focus of Comments: The
AMC Recordkeeping Requirements
required by the Paperwork Reduction Internal Revenue Service (IRS) is
Section 34.212(b) provides that an Act of 1995. Currently, the IRS is particularly interested in comments
appraiser in an AMC’s network or panel soliciting comments concerning that:
is deemed to remain on the network or information collection requirements
panel until: (i) The AMC sends a written • Evaluate whether the proposed
related to the application for an collection of information is necessary
notice to the appraiser removing the employer identification number.
appraiser with an explanation; or (ii) for the proper performance of the
DATES: Written comments should be functions of the agency, including
receives a written notice from the
received on or before May 22, 2018 to whether the information will have
appraiser asking to be removed or a
be assured of consideration. practical utility;
notice of the death or incapacity of the
appraiser. The AMC would retain these ADDRESSES: Direct all written comments • Evaluate the accuracy of the
notices in its files. to Roberto Mora-Figueroa, Internal agency’s estimate of the burden of the
Estimated Number of Respondents: Revenue Service, Room 6129, 1111 proposed collection of information,
200 AMCs; 55 States and Territories. Constitution Avenue NW, Washington, including the validity of the
Total Estimated Annual Burden: 421. DC 20224. Requests for additional methodology and assumptions used;
Comments submitted in response to information or copies of the regulations • Enhance the quality, utility, and
this notice will be summarized and should be directed to R. Joseph Durbala, clarity of the information to be
included in the request for OMB at Internal Revenue Service, Room 6129, collected; and
approval. All comments will become a 1111 Constitution Avenue NW, • Minimize the burden of the
matter of public record. Comments are Washington, DC 20224, or through the collection of information on those who
invited on: internet, at RJoseph.Durbala@irs.gov. are to respond, including using
(a) Whether the collection of SUPPLEMENTARY INFORMATION: appropriate automated, electronic,
information is necessary for the proper Title: Employers’ identification mechanical, or other technological
performance of the functions of the numbers. collection techniques or other forms of
OCC, including whether the information OMB Number: 1545–0003. information technology, e.g., by
has practical utility; Form Number: SS–4; SS–4–PR. permitting electronic submissions of
(b) The accuracy of the OCC’s Abstract: Sections 6011 and 6109 of responses.
estimate of the information collection the Internal Revenue Code, section
burden; Comments submitted in response to
31.6011(b) of the Employment Tax
(c) Ways to enhance the quality, this notice will be summarized and/or
Regulations, and section 301.6109 1 of
utility, and clarity of the information to included in the ICR for OMB approval
the Procedures and Administration
be collected; of the extension of the information
Regulations require certain taxpayers to
(d) Ways to minimize the burden of collection; they will also become a
have an employer identification number
the collection on respondents, including matter of public record.
(EIN), for use on returns, statements, or
through the use of automated collection other documents. An EIN is a nine-digit Approved: March 19, 2018.
techniques or other forms of information number (for example, 12–3456789) R. Joseph Durbala,
technology; and assigned to sole proprietors, IRS Tax Analyst.
(e) Estimates of capital or start-up corporations, partnerships, estates, [FR Doc. 2018–05930 Filed 3–22–18; 8:45 am]
costs and costs of operation, trusts, and other entities for tax filing BILLING CODE 4830–01–P
maintenance, and purchase of services and reporting purposes.
to provide information. Current Actions: There is no change to
Dated: March 15, 2018. the burden previously approved. DEPARTMENT OF THE TREASURY
Karen Solomon, Type of Review: Extension of a
Acting Senior Deputy Comptroller and Chief currently approved collection. Agency Information Collection
Counsel. Affected Public: Business or other for- Activities; Submission for OMB
[FR Doc. 2018–05890 Filed 3–22–18; 8:45 am] profit organizations. Review; Comment Request; Generic
BILLING CODE 4810–33–P Estimated Number of Respondents: Clearance for the Collection of
1,612,708. Qualitative Feedback on Agency
Estimated Time per Respondent: 33 Service Delivery
DEPARTMENT OF THE TREASURY minutes.
Estimated Total Annual Burden AGENCY:Departmental Offices, U.S.
Internal Revenue Service Hours: 903,116. Department of the Treasury.
The following paragraph applies to all ACTION: Notice.
Proposed Extension of Information the collections of information covered
Collection Request Submitted for by this notice: SUMMARY: The Department of the
Public Comment; Employers’ An agency may not conduct or Treasury will submit the following
Identification Numbers sponsor, and a person is not required to information collection requests to the
amozie on DSK30RV082PROD with NOTICES
AGENCY: Internal Revenue Service (IRS), respond to, a collection of information Office of Management and Budget
Treasury. unless the collection of information (OMB) for review and clearance in
ACTION: Notice and request for displays a valid OMB control number. accordance with the Paperwork
comments. Books or records relating to a Reduction Act of 1995, on or after the
collection of information must be date of publication of this notice. The
SUMMARY: The Internal Revenue Service, retained if their contents may become public is invited to submit comments on
as part of its continuing effort to reduce material in the administration of any these requests.
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Document Created: 2018-11-01 08:53:53
Document Modified: 2018-11-01 08:53:53
| 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 May 22, 2018. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. | |
| FR Citation | 83 FR 12843 |
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