83 FR 36931 - Proposed Collection; Comment Request
FEDERAL HOUSING FINANCE AGENCY Federal Register Volume 83, Issue 147 (July 31, 2018)
Federal Register Volume 83, Issue 147 (July 31, 2018)
| Page Range | 36931-36935 | |
| FR Document | 2018-16350 |
[Federal Register Volume 83, Number 147 (Tuesday, July 31, 2018)] [Notices] [Pages 36931-36935] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-16350] ======================================================================= ----------------------------------------------------------------------- FEDERAL HOUSING FINANCE AGENCY [No. 2018-N-08] Proposed Collection; Comment Request AGENCY: Federal Housing Finance Agency. ACTION: 30-Day notice of submission of information collection for approval from Office of Management and Budget. ----------------------------------------------------------------------- SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the Agency) is seeking public comments concerning an information collection known as ``Minimum Requirements for Appraisal Management Companies,'' which has been assigned control number 2590-0013 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a three-year extension of the control number, which is due to expire on July 31, 2018. DATES: Interested persons may submit comments on or before August 30, 2018. ADDRESSES: Submit comments to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attention: Desk Officer for the Federal Housing Finance Agency, Washington, DC 20503, Fax: (202) 395-3047, Email: [email protected]. Please also submit comments to FHFA, identified by ``Proposed Collection; Comment Request: `Minimum Requirements for Appraisal Management Companies, (No. 2018-N- 08)''' by any of the following methods:Agency Website: www.fhfa.gov/open-for-comment-or-input. Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at [email protected] to ensure timely receipt by the Agency. Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed Collection; Comment Request: ``Minimum Requirements for Appraisal Management Companies, (No. 2018-N-08).'' We will post all public comments we receive without change, including any personal information you provide, such as your name and address, email address, and telephone number, on the FHFA website at http://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public through the electronic comment docket for this PRA Notice also located on the FHFA website. FOR FURTHER INFORMATION CONTACT: Robert Witt. Senior Policy Analyst, Office of Housing and Regulatory Policy, by email at [email protected] or by telephone at (202) 649-3128; or Eric Raudenbush, Associate General Counsel, [email protected], (202) 649-3084 (these are not toll-free numbers); Federal Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219. The Telecommunications Device for the Hearing Impaired is (800) 877-8339. SUPPLEMENTARY INFORMATION: FHFA is seeking comments on its upcoming request to OMB to renew the PRA clearance for the following collection of information: Title: Minimum requirements for appraisal management companies. [[Page 36932]] OMB Number: 2590-0013. Affected Public: Participating States and State-registered Appraisal Management Companies. A. Need for and Use of the Information Collection In 2015, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Bureau of Consumer Financial Protection (Bureau), and FHFA (collectively, the Agencies) jointly issued regulations \1\ to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) relating to the eligibility of appraisal management companies (AMCs) to provide appraisal management services for real estate related financial transactions that are engaged in, contracted for, or regulated by a ``federal financial institutions regulatory agency'' or the Resolution Trust Corporation (``Federally related transactions'').\2\ Generally, these statutory provisions provide that an AMC either be registered with a state's appraiser certifying and licensing agency or be subject to oversight by a federal financial institutions regulatory agency in order to participate in a Federally related transaction.\3\ --------------------------------------------------------------------------- \1\ See 80 FR 32658 (June 9, 2015). By agreement, the responsibility for clearance under the PRA of information collections contained in the joint regulations is shared only by the FDIC, OCC, Board, and FHFA. \2\ See 12 U.S.C. 3350(4), (5). ``Federal financial institutions regulatory agency'' includes the FDIC, OCC, Board, and National Credit Union Administration. See 12 U.S.C. 3350(6). \3\ Section 1117 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), 12 U.S.C. 3346, permits states to establish an appraiser certifying and licensing agency ``to assure the availability of State certified and licensed appraisers for the performance in a State of appraisals in federally related transactions and to assure effective supervision of the activities of certified and licensed appraisers.'' The Dodd-Frank Act amended section 1117 to provide that the duties of a state appraiser certifying and licensing agency may also include the registration and supervision of AMCs. Although states are not required by federal law to register and supervise AMCs, or even to establish an appraiser certifying and licensing agency, an AMC that is not registered with such a state agency (except for those regulated by a federal financial institutions regulatory agency) may not participate in a federally-related transaction in that state. See 12 U.S.C. 3353(f)(1). --------------------------------------------------------------------------- As required by the Dodd-Frank Act provisions, the Agencies' joint AMC regulations establish minimum requirements for the registration and supervision of AMCs to be applied by states that have elected to establish an appraiser certifying and licensing agency with authority to register and supervise AMCs (participating states).\4\ The joint regulations also implement the statutory requirement that states report to the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) the information required by the ASC to administer a national registry of AMCs (AMC National Registry or Registry).\5\ When fully established, the AMC National Registry will include AMCs that are either: (1) Subsidiaries owned and controlled by an insured depository institution (as defined in 12 U.S.C. 1813) and regulated by either the FDIC, OCC, or Board (federally regulated AMCs) ;\6\ or (2) registered with, and subject to supervision of, a state appraiser certifying and licensing agency. FHFA's AMC regulation, located at Subpart B of 12 CFR part 1222, is substantively identical to the AMC regulations of the FDIC, OCC, and Board and contains the recordkeeping and reporting requirements described below.\7\ --------------------------------------------------------------------------- \4\ See 12 CFR 1222.23. \5\ See 12 U.S.C. 3353(e). \6\ See 12 CFR 1222.21(k) (defining ``Federally regulated AMC''). \7\ See 12 CFR 1222.20 through 1222.26. For clarity, the regulatory citations in this notice are to FHFA's version of the joint regulations only. --------------------------------------------------------------------------- 1. State Reporting Requirements (IC #1) The regulation 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 submit to the ASC the information regarding such AMCs required to be submitted by ASC regulations or guidance concerning AMCs that operate in the state.\8\ --------------------------------------------------------------------------- \8\ See 12 CFR 1222.26. --------------------------------------------------------------------------- 2. State Recordkeeping Requirements (IC #2) States seeking to register AMCs must have an AMC registration and supervision program. The regulation 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 violations of laws, regulations, or orders; (vi) discipline, suspend, terminate, or deny registration renewals of AMCs that violate laws, regulations, or orders; and (vii) report violations of laws, regulations, or orders, and disciplinary and enforcement actions to the ASC.\9\ --------------------------------------------------------------------------- \9\ See 12 CFR 1222.23(a). --------------------------------------------------------------------------- The regulation requires each participating state to impose requirements on AMCs that are not federally regulated (non-federally regulated AMCs) 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 the Uniform Standards of Professional Appraisal Practice; and (v) establish and comply with processes and controls reasonably designed to ensure that the AMC conducts its appraisal management services in accordance with sections 129E(a) through (i) of the Truth-in-Lending Act.\10\ --------------------------------------------------------------------------- \10\ See 12 CFR 1222.23(b). Sections 129E(a) through (i) of the Truth-in-Lending Act are located at 15 U.S.C. 1639e(a) through (i). --------------------------------------------------------------------------- 3. AMC Reporting Requirements (IC #3) The regulation provides that an AMC may not be registered by a state or included on the AMC National Registry if the 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 for a substantive cause.\11\ The regulation also provides that an AMC may not be registered by a state if any person that owns 10 percent or more of the AMC fails to submit to a background investigation carried out by the state appraiser certifying and licensing agency.\12\ Thus, each AMC registering with a state must provide information to the state on compliance with those ownership restrictions. Further, the regulation requires that a federally regulated AMC 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 policies regarding the determination of the AMC National [[Page 36933]] Registry fee, and information regarding compliance with the ownership restrictions described above.\13\ --------------------------------------------------------------------------- \11\ See 12 CFR 1222.24(a) and 1222.25(b). \12\ See 12 CFR 1222.24(b). \13\ See 12 CFR 1222.25(c). --------------------------------------------------------------------------- 4. AMC Recordkeeping Requirements (IC #4) An entity meets the definition of an AMC that is subject to the requirements of the AMC regulation if, among other things, it oversees an appraiser panel of more than 15 state-certified or state-licensed appraisers in a state, or 25 or more state-certified or state-licensed appraisers in two or more states, within a given 12-month period.\14\ For purposes of determining whether a company qualifies as an AMC under that definition, the regulation 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.\15\ The AMC would retain these notices in its files. --------------------------------------------------------------------------- \14\ See 12 CFR 1222.21(c)(iii). \15\ See 12 CFR 1222.22(b). --------------------------------------------------------------------------- B. Burden Estimate FHFA's burden estimates for the information collections described above appear below. The estimates below remain the same as those set forth in the 60-day notice, despite one commenter's assertion that some of the assumptions underlying those burden estimates are incorrect. Those assertions and FHFA's responses are addressed below in section C of the notice. There is no change in the existing methodology or substance of this information collection. For the information collections described above, the general methodology is to compute the industry wide burden hours for participating states and AMCs and then assign a share of the burden hours to each of the Agencies for each information collection. As noted above, each of the Agencies' AMC regulations contains reporting and recordkeeping requirements applying to participating states and to both federally regulated and non-federally regulated AMCs. The Agencies have estimated that approximately 200 entities meet the regulatory definition of an ``appraisal management company'' \16\ and that, of those 200 AMCs, approximately 120 are federally regulated and approximately 80 are non-federally regulated.\17\ Unlike the insured depository institutions regulated by the OCC, FDIC, and Board, none of FHFA's regulated entities owns or controls an AMC or, by law, could ever own or control an AMC. Accordingly, the Agencies have agreed that responsibility for the burdens arising from reporting and recordkeeping requirements imposed upon federally regulated AMCs are to be split evenly among the OCC, FDIC, and Board (i.e., the equivalent of 40 federally regulated AMCs for each agency) and that FHFA will not include those burdens in its totals. The four Agencies have agreed to split the total burdens imposed upon participating states and upon non- federally regulated AMCs evenly between them (i.e., by taking responsibility for 25 percent of the burden per agency or, in the case of non-federally regulated AMCs, the equivalent of 20 such AMCs for each agency). --------------------------------------------------------------------------- \16\ In FHFA's regulations, this definition is set forth at 12 CFR 1222.21(c). \17\ FHFA anticipates that definitive information on the total number of AMCs and on the relative number of federally regulated and non-federally regulated AMCs will become available after the AMC National Registry becomes fully operational in 2020. --------------------------------------------------------------------------- Thus, for ICs #1 and #2, which relate to reporting and recordkeeping requirements imposed upon participating states, each agency is responsible for 25 percent of the total estimated burden. For ICs #3 and #4, which relate to reporting and recordkeeping requirements imposed upon both federally regulated AMCs and non-federally regulated AMCs, the OCC, FDIC, and Board are each responsible for the burden imposed upon a total of 60 AMCs (40 federally regulated plus 20 non- federally regulated), or 30 percent of the total burden, while FHFA is responsible only for the burden imposed upon 20 non-federally regulated AMCs, or 10 percent of the total burden. The Agencies estimate the total annualized hour burden placed on respondents by the information collection in the joint AMC regulations to be 1,445 hours. FHFA estimates its share of the hour burden to be 183 hours. The calculations on which those estimates are based are described below. 1. State Reporting Requirements (IC #1) The total estimated burden hours for states reporting to the ASC are calculated by multiplying the number of states by the hour burden per state. The burden hours are then divided equally among the FDIC, OCC, Board, and FHFA, with each agency responsible for 25 percent of the total. For purposes of this calculation, the number of states is set at 55 which, in conformity with the regulatory definition of ``state,'' includes all 50 U.S. states as well as the Commonwealth of the Northern Mariana Islands, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands.\18\ The burden estimate of 1 hour per report is unchanged from the estimate provided for the currently- approved ICR. Therefore, the estimated total state reporting burden attributable to all of the Agencies is: 55 states x 1 hour/state = 55 hours. The estimated burden hours attributable to FHFA are 55 hours x 25 percent = 14 hours (rounded to the nearest whole number). --------------------------------------------------------------------------- \18\ See 12 CFR 1222.21(o). --------------------------------------------------------------------------- 2. State Recordkeeping Requirements (IC #2) The estimated burden hours on participating states for developing and maintaining an AMC licensing program is calculated by multiplying the number of states without a registration and licensing program by the hour burden to develop the system. The total burden hours are then equally divided among the FDIC, OCC, Board, and FHFA. According to the Appraisal Institute, as of July 26, 2017, there were 5 states that had not developed a system to register and oversee AMCs.\19\ The burden estimate of 40 hours per state without a registration system is unchanged from the estimate provided for the currently-approved ICR. Therefore, the total estimated burden attributable to all of the Agencies is: 5 states x 40 hours/state = 200 hours. The estimated burden hours attributable to FHFA are 200 hours x 25 percent = 50 hours. --------------------------------------------------------------------------- \19\ Appraisal Institute ``Enacted State AMC Laws,'' https://www.appraisalinstitute.org/advocacy/enacted-state-amc-laws1/. --------------------------------------------------------------------------- 3. AMC Reporting Requirements (IC #3) The burden for AMC reporting requirements for information needed to determine the AMC National Registry fee and information regarding compliance with the AMC ownership restrictions is calculated by multiplying the number of AMCs by the frequency of response and then by the burden per response. As described above, 30 percent of the burden hours are then assigned to each of the FDIC, OCC, and Board, while 10 percent are assigned to FHFA. The frequency of response is estimated as the number of states that do not have an AMC registration program in which the average AMC operates.\20\ As discussed above, 5 states do not have AMC registration or [[Page 36934]] oversight programs. According to the Consumer Financial Protection Bureau (CFPB), the average AMC operates in 19.56 states.\21\ Therefore, the average AMC operates in approximately 2 states that do not have AMC registration systems: (5 states/55 states) x 19.56 states = 1.778 states, rounded to 2 states. The burden estimate of one hour per response is unchanged from the estimate provided for the currently- approved ICR. Therefore, the total estimated hour burden is: 200 AMCs x 2 states x 1 hour = 400 hours. The estimated burden hours attributable to FHFA are 400 hours x 10 percent = 40 hours. --------------------------------------------------------------------------- \20\ The number of states includes all U.S. states, territories, and districts to include: The Commonwealth of the Northern Mariana Islands; the District of Columbia; Guam; Puerto Rico; and the U.S. Virgin Islands. \21\ The CFPB conducted a survey of 9 AMCs in 2013 regarding the provisions in the regulation and the related PRA burden. --------------------------------------------------------------------------- 4. AMC Recordkeeping Requirements (IC #4) The burden for recordkeeping by AMCs of written notices of appraiser removal from a network or panel is estimated to be equal to the number of appraisers who leave the profession per year multiplied by the estimated percentage of appraisers who work for AMCs, then multiplied by burden hours per notice. As described above, 30 percent of the burden hours are then assigned to each of the FDIC, OCC, and Board, while 10 percent are assigned to FHFA. The number of appraisers who leave an AMC annually, either by resigning, being laid off, or having their licenses revoked or surrendered, is estimated to be 9,881. The burden estimate of 0.08 hours per notice is unchanged from the estimate provided for the currently-approved ICR. Therefore, the estimated total hour burden is: 9,881 notices x 0.08 hours = 790 hours (rounded to the nearest whole number). The estimated burden hours attributable to FHFA are 790 hours x 10 percent = 79 hours. C. Response to Comments Received In accordance with the requirements of 5 CFR 1320.8(d), FHFA published an initial notice and request for comments regarding the renewal of the PRA clearance for this information collection in the Federal Register on May 16, 2018 (``60-day notice'').\22\ The 60-day comment period closed on July 16, 2018. FHFA received two comments. --------------------------------------------------------------------------- \22\ See 83 FR 22681 (May 16, 2018). --------------------------------------------------------------------------- One comment letter, from an individual, asserted that this collection of information is not necessary for the proper performance of FHFA functions because ``there is currently too much oversight which cost excessive amounts of money'' and that those costs are ``passed down to the consumers through the AMCs to cover costs to maintain regulatory compliance.'' Because these comments relate to regulatory burden generally and not to the collection of information under the joint AMC regulation, FHFA has not addressed them in this notice. The second comment letter, from a trade association representing AMCs, addressed a number of issues relating to the collection of information under the joint AMC regulation. First, the commenter stated that the collection of information is ``necessary'' and has ``practical utility,'' but ``only to the extent that the information collected serves the proper purpose to promote appraiser independence while ensuring a healthy real estate valuation market.'' FHFA disagrees with the commenter's implication that the ``proper purpose'' of the collection of information under the joint AMC regulations is limited to the promotion of appraiser independence. In fact, as required by statute, the AMC regulations address all issues on which the Agencies were required to promulgate regulations--including minimum requirements for registration of AMCs in participating states,\23\ registration limitations for AMCs,\24\ and the reporting of information by AMCs to the ASC \25\--and not merely the promotion of appraiser independence. The collection of information is necessary for implementation of those requirements. To the extent that the commenter disagrees with the scope and requirements of the joint AMC regulations, FHFA notes that those regulations may not be rescinded or revised through the PRA renewal process. --------------------------------------------------------------------------- \23\ See 12 U.S.C. 3353(a). \24\ See 12 U.S.C. 3353(d). \25\ See 12 U.S.C. 3353(e). --------------------------------------------------------------------------- The second comment letter also questioned the accuracy of FHFA's estimates of the burdens of the collection of information. Asserting that the Agencies' estimate that there are 200 AMCs currently operating in the U.S. is too low, the commenter stated, without providing any further information or support, that ``industry estimates'' as to the number of AMCs ``are closer to 400.'' As stated in the 60-day notice, because the actual number of AMCs is not currently known and will not be known until the AMC National Registry is fully operational in 2020, the Agencies made a best guess that 200 entities currently qualify as an AMC, as that term is defined under the joint AMC regulations.\26\ Because the commenter has provided no support for its assertion regarding the current number of AMCs subject to the joint regulations, FHFA's estimate as to that number remains unchanged. --------------------------------------------------------------------------- \26\ The joint regulations define ``appraisal management company'' generally to mean an entity that: (1) Provides appraisal management services (for example, maintaining a panel of certified and licensed appraisers to perform appraisals, managing the process of having an appraisal performed, collecting fees, and paying appraisers) to creditors or to secondary mortgage market participants; (2) provides such services in connection with valuing a consumer's primary dwelling as security for a consumer credit transaction or incorporating such transactions into securitizations; and (3) oversees an appraiser panel of more than 15 State-certified or State-licensed appraisers in a State or 25 or more State- certified or State-licensed appraisers in two or more States within a 12-month period. See 12 CFR 1222.21(c)(1). --------------------------------------------------------------------------- The commenter further asserted that, contrary to the Agencies' estimates that 60 percent of existing AMCs (or 120 out of 200) are federally regulated, it knows of only one federally regulated AMC in existence. As with respect to the total number of AMCs, the Agencies made a best guess estimate as to the relative number of federally regulated and non-federally-regulated AMCs in the absence of any available empirical data on this issue pending completion of the AMC National Registry. As explained above, that estimate has no bearing on the Agencies' estimates as to the total amount of burden imposed by the collections of information under the joint AMC regulations, but relates only to the appropriate distribution among the rulemaking Agencies of responsibility (under the PRA) for a portion of the total estimated burden. Given this, and the lack of support provided by the commenter for its estimate as to the actual number of federally regulated AMCs, FHFA's estimate as to the relative number remains unchanged from that reflected in the 60-day notice. Other issues addressed in the second comment letter, including recommendations that the ASC issue additional guidance to states and AMCs concerning the AMC minimum requirements, find opportunities to develop reporting efficiencies in the state licensing system, and be more aggressive in supporting modernization of the outdated National Appraiser Registry do not relate to the collection of information under the joint AMC regulation. The Agencies, however, will forward these suggestions to the ASC for consideration. D. Comments Request In accordance with the requirements of 5 CFR 1320.10(a), FHFA is publishing [[Page 36935]] this second notice to request comments regarding the following: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) the accuracy of FHFA's estimates of the burdens of the collection of information; (3) ways to enhance the quality, utility, and clarity of the information collected; and (4) 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. Dated: July 26, 2018. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2018-16350 Filed 7-30-18; 8:45 am] BILLING CODE 8070-01-P
![Federal Register / Vol. 83, No. 147 / Tuesday, July 31, 2018 / Notices 36931
Title: Accelerating Wireline under section 251(c)(5) of the Act, extension of the control number, which
Broadband Deployment by Removing pertaining to network change is due to expire on July 31, 2018.
Barriers to Infrastructure Investment, disclosures. Most of the changes to DATES: Interested persons may submit
GN Docket No. 17–84. those rules applied specifically to a comments on or before August 30, 2018.
Form Number(s): N/A. certain subset of network change ADDRESSES: Submit comments to the
Type of Review: Revision of a disclosures, namely notices of planned Office of Information and Regulatory
currently approved collection. copper retirements. In addition, the Affairs of the Office of Management and
Respondents: Business or other for- changes removed a rule that prohibits Budget, Attention: Desk Officer for the
profit entities. incumbent LECs from engaging in useful Federal Housing Finance Agency,
Number of Respondents and advanced coordination with entities Washington, DC 20503, Fax: (202) 395–
Responses: 5,357 respondents; 573,928 affected by network changes. In June 3047, Email: OIRA_submission@
responses. 2018, the Commission revised its omb.eop.gov. Please also submit
Estimated Time per Response: 0.5–4.5 network change disclosure rules to (1) comments to FHFA, identified by
hours. revise the types of network changes that
Frequency of Response: On occasion ‘‘Proposed Collection; Comment
trigger an incumbent LEC’s public Request: ‘Minimum Requirements for
reporting requirements; recordkeeping notice obligation, and (2) extend the
and third-party disclosure requirements. Appraisal Management Companies, (No.
force majeure provisions applicable to 2018–N–08)’’’ by any of the following
Obligation to Respond: Required to
copper retirements to all types of methods:
obtain or retain benefits. Statutory
authority for this information collection
network changes. The changes are • Agency Website: www.fhfa.gov/
aimed at removing unnecessary open-for-comment-or-input.
is contained in 47 U.S.C. 222 and 251.
Total Annual Burden: 575,448 hours. regulatory barriers to the deployment of • Federal eRulemaking Portal: http://
Total Annual Cost: No cost. high-speed broadband networks. The www.regulations.gov. Follow the
Privacy Act Impact Assessment: No Commission estimates that these instructions for submitting comments. If
impact(s). revisions do not result in any change to you submit your comment to the
Nature and Extent of Confidentiality: the total annual burden hours or any Federal eRulemaking Portal, please also
The Commission is not requesting that additional outlays of funds for hiring send it by email to FHFA at
the respondents submit confidential outside contractors or procuring RegComments@fhfa.gov to ensure
information to the FCC. Respondents equipment as the changes eliminate timely receipt by the Agency.
may, however, request confidential notices that are subsumed by notice • Mail/Hand Delivery: Federal
treatment for information they believe to obligations that remain in force or Housing Finance Agency, Eighth Floor,
be confidential under 47 CFR 0.459 of simply codify procedures available to a 400 Seventh Street SW, Washington, DC
the Commission’s rules. small number of incumbent LECs by 20219, ATTENTION: Proposed
Needs and Uses: Section 251 of the waiver orders. Collection; Comment Request:
Communications Act of 1934, as Federal Communications Commission. ‘‘Minimum Requirements for Appraisal
amended, 47 U.S.C. 251, is designed to Management Companies, (No. 2018–N–
Marlene Dortch,
accelerate private sector development 08).’’
Secretary, Office of the Secretary. We will post all public comments we
and deployment of telecommunications [FR Doc. 2018–16300 Filed 7–30–18; 8:45 am]
technologies and services by spurring receive without change, including any
competition. Section 222(e) is also
BILLING CODE 6712–01–P personal information you provide, such
designed to spur competition by as your name and address, email
prescribing requirements for the sharing address, and telephone number, on the
of subscriber list information. These FEDERAL HOUSING FINANCE FHFA website at http://www.fhfa.gov. In
information collection requirements are AGENCY addition, copies of all comments
designed to help implement certain received will be available for
provisions of sections 222(e) and 251, [No. 2018–N–08] examination by the public through the
and to eliminate operational barriers to electronic comment docket for this PRA
Proposed Collection; Comment Notice also located on the FHFA
competition in the telecommunications
Request website.
services market. Specifically, these
information collection requirements AGENCY: Federal Housing Finance FOR FURTHER INFORMATION CONTACT:
will be used to implement (1) local Agency. Robert Witt. Senior Policy Analyst,
exchange carriers’ (‘‘LECs’’) obligations ACTION: 30-Day notice of submission of Office of Housing and Regulatory
to provide their competitors with information collection for approval from Policy, by email at Robert.Witt@fhfa.gov
dialing parity and non-discriminatory Office of Management and Budget. or by telephone at (202) 649–3128; or
access to certain services and Eric Raudenbush, Associate General
functionalities; (2) incumbent local SUMMARY: In accordance with the Counsel, Eric.Raudenbush@fhfa.gov,
exchange carriers’ (‘‘ILECs’’) duty to requirements of the Paperwork (202) 649–3084 (these are not toll-free
make network information disclosures; Reduction Act of 1995 (PRA), the numbers); Federal Housing Finance
and (3) numbering administration. The Federal Housing Finance Agency (FHFA Agency, 400 Seventh Street SW,
revisions to this collection relate to or the Agency) is seeking public Washington, DC 20219. The
changes in one of many components of comments concerning an information Telecommunications Device for the
the currently approved collection— collection known as ‘‘Minimum Hearing Impaired is (800) 877–8339.
daltland on DSKBBV9HB2PROD with NOTICES
specifically, certain reporting, Requirements for Appraisal SUPPLEMENTARY INFORMATION: FHFA is
recordkeeping and/or third-party Management Companies,’’ which has seeking comments on its upcoming
disclosure requirements under section been assigned control number 2590– request to OMB to renew the PRA
251(c)(5). In November 2017, the 0013 by the Office of Management and clearance for the following collection of
Commission adopted new rules Budget (OMB). FHFA intends to submit information:
concerning certain information the information collection to OMB for Title: Minimum requirements for
collection requirements implemented review and approval of a three-year appraisal management companies.
VerDate Sep<11>2014 18:30 Jul 30, 2018 Jkt 244001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1](https://thefederalregister.org/doc/83_FR_37078/page/1.svg)
![Federal Register / Vol. 83, No. 147 / Tuesday, July 31, 2018 / Notices 36935
this second notice to request comments FEDERAL RESERVE SYSTEM 225), and all other applicable statutes
regarding the following: (1) Whether the and regulations to become a bank
collection of information is necessary Formations of, Acquisitions by, and holding company and/or to acquire the
for the proper performance of FHFA Mergers of Bank Holding Companies assets or the ownership of, control of, or
functions, including whether the the power to vote shares of a bank or
The companies listed in this notice
information has practical utility; (2) the bank holding company and all of the
have applied to the Board for approval,
accuracy of FHFA’s estimates of the banks and nonbanking companies
pursuant to the Bank Holding Company
burdens of the collection of information; owned by the bank holding company,
Act of 1956 (12 U.S.C. 1841 et seq.)
(3) ways to enhance the quality, utility, including the companies listed below.
(BHC Act), Regulation Y (12 CFR part The applications listed below, as well
and clarity of the information collected;
225), and all other applicable statutes as other related filings required by the
and (4) ways to minimize the burden of
and regulations to become a bank Board, are available for immediate
the collection of information on
holding company and/or to acquire the inspection at the Federal Reserve Bank
respondents, including through the use
assets or the ownership of, control of, or indicated. The applications will also be
of automated collection techniques or
the power to vote shares of a bank or available for inspection at the offices of
other forms of information technology.
bank holding company and all of the the Board of Governors. Interested
Dated: July 26, 2018. banks and nonbanking companies persons may express their views in
Kevin Winkler, owned by the bank holding company, writing on the standards enumerated in
Chief Information Officer, Federal Housing including the companies listed below. the BHC Act (12 U.S.C. 1842(c)). If the
Finance Agency. The applications listed below, as well
proposal also involves the acquisition of
[FR Doc. 2018–16350 Filed 7–30–18; 8:45 am] as other related filings required by the
a nonbanking company, the review also
BILLING CODE 8070–01–P Board, are available for immediate
includes whether the acquisition of the
inspection at the Federal Reserve Bank
nonbanking company complies with the
indicated. The applications will also be
standards in section 4 of the BHC Act
available for inspection at the offices of
(12 U.S.C. 1843). Unless otherwise
FEDERAL MARITIME COMMISSION the Board of Governors. Interested
noted, nonbanking activities will be
persons may express their views in
Notice of Agreement Filed conducted throughout the United States.
writing on the standards enumerated in Unless otherwise noted, comments
the BHC Act (12 U.S.C. 1842(c)). If the regarding each of these applications
The Commission hereby gives notice proposal also involves the acquisition of
of the filing of the following agreement must be received at the Reserve Bank
a nonbanking company, the review also indicated or the offices of the Board of
under the Shipping Act of 1984. includes whether the acquisition of the
Interested parties may submit comments Governors not later than August 24,
nonbanking company complies with the 2018.
on the agreement to the Secretary by standards in section 4 of the BHC Act
email at Secretary@fmc.gov, or by mail, A. Federal Reserve Bank of
(12 U.S.C. 1843). Unless otherwise Minneapolis (Mark A. Rauzi, Vice
Federal Maritime Commission, noted, nonbanking activities will be
Washington, DC 20573, within twelve President), 90 Hennepin Avenue,
conducted throughout the United States. Minneapolis, Minnesota 55480–0291:
days of the date this notice appears in Unless otherwise noted, comments
the Federal Register. Copies of the 1. Citizens Community Bancorp, Inc.,
regarding each of these applications Eau Claire, Wisconsin; to acquire 100
agreement are available through the must be received at the Reserve Bank
Commission’s website (www.fmc.gov) or percent of United Bank, Osseo,
indicated or the offices of the Board of Wisconsin.
by contacting the Office of Agreements Governors not later than August 23, B. Federal Reserve Bank of St. Louis
at (202)-523–5793 or tradeanalysis@ 2018. (David L. Hubbard, Senior Manager),
fmc.gov. A. Federal Reserve Bank of P.O. Box 442, St. Louis, Missouri
Agreement No.: 201263. Minneapolis (Mark A. Rauzi, Vice 63166–2034. Comments can also be sent
Agreement Name: Maersk/MSC/Zim President), 90 Hennepin Avenue, electronically to
Cooperative Working Agreement. Minneapolis, Minnesota 55480–0291: Comments.applications@stls.frb.org:
Parties: Maersk Line A/S; 1. Mackinac Financial Corporation, 1. Old National Bancorp, Evansville,
Mediterranean Shipping Company S.A.; Manistique, Michigan; to acquire 100 Indiana; to merge with Klein Financial,
and Zim Integrated Shipping Services percent of the voting shares of Lincoln Inc., Chaska, Minnesota, and thereby
Ltd. Community Bank, Merrill, Wisconsin. indirectly acquire KleinBank, also of
Filing Party: Wayne Rohde, Cozen Board of Governors of the Federal Reserve Chaska, Minnesota.
O’Connor. System, July 26, 2018. Board of Governors of the Federal Reserve
Yao-Chin Chao, System, July 25, 2018.
Synopsis: The Agreement authorizes
the parties to share space and cooperate Assistant Secretary of the Board. Yao-Chin Chao,
on the provision of service strings in the [FR Doc. 2018–16337 Filed 7–30–18; 8:45 am] Assistant Secretary of the Board.
trade between Asia and the U.S. East BILLING CODE P [FR Doc. 2018–16377 Filed 7–30–18; 8:45 am]
Coast. BILLING CODE 6210–01–P
Proposed Effective Date: 9/8/2018.
FEDERAL RESERVE SYSTEM
Location: https://www2.fmc.gov/ FEDERAL RESERVE SYSTEM
FMC.Agreements.Web/Public/ Formations of, Acquisitions by, and
daltland on DSKBBV9HB2PROD with NOTICES
AgreementHistory/14256. Mergers of Bank Holding Companies Agency Information Collection
Dated: July 25, 2018. Activities; Announcement of Board
The companies listed in this notice
Rachel Dickon, Approval Under Delegated Authority
have applied to the Board for approval,
Secretary. and Submission to OMB
pursuant to the Bank Holding Company
[FR Doc. 2018–16280 Filed 7–30–18; 8:45 am] Act of 1956 (12 U.S.C. 1841 et seq.) AGENCY: Board of Governors of the
BILLING CODE P (BHC Act), Regulation Y (12 CFR part Federal Reserve System.
VerDate Sep<11>2014 18:30 Jul 30, 2018 Jkt 244001 PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1](https://thefederalregister.org/doc/83_FR_37078/page/5.svg)
Document Created: 2018-11-06 10:29:44
Document Modified: 2018-11-06 10:29:44
| 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 | 30-Day notice of submission of information collection for approval from Office of Management and Budget. | |
| Dates | Interested persons may submit comments on or before August 30, 2018. | |
| Contact | Robert Witt. Senior Policy Analyst, Office of Housing and Regulatory Policy, by email at [email protected] or by telephone at (202) 649-3128; or Eric Raudenbush, Associate General Counsel, [email protected], (202) 649-3084 (these are not toll-free numbers); Federal Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219. The Telecommunications Device for the Hearing Impaired is (800) 877-8339. | |
| FR Citation | 83 FR 36931 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR