83_FR_48588 83 FR 48402 - Registration of Mortgage Loan Originators

83 FR 48402 - Registration of Mortgage Loan Originators

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 186 (September 25, 2018)

Page Range48402-48403
FR Document2018-20832

The Board of Governors of the Federal Reserve System (Board) is proposing to repeal its regulations that incorporated the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) transferred rulemaking authority for a number of consumer financial protection laws, including the S.A.F.E. Act, from the Board to the Bureau of Consumer Financial Protection (Bureau). In December 2011, the Bureau published an interim final rule, incorporating the S.A.F.E. Act into its Regulations G and H. In April 2016, the Bureau finalized the interim final rule. Accordingly, the Board is proposing to repeal its S.A.F.E. Act regulations.

Federal Register, Volume 83 Issue 186 (Tuesday, September 25, 2018) 
[Federal Register Volume 83, Number 186 (Tuesday, September 25, 2018)]
[Proposed Rules]
[Pages 48402-48403]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20832]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / 
Proposed Rules

[[Page 48402]]



FEDERAL RESERVE SYSTEM

12 CFR Parts 208 and 211

[Docket No. R-1622 and RIN 7100 AF-16]


Registration of Mortgage Loan Originators

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice of proposed rulemaking; request for public comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is proposing to repeal its regulations that incorporated the Secure and 
Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). Title X 
of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act) transferred rulemaking authority for a number of consumer 
financial protection laws, including the S.A.F.E. Act, from the Board 
to the Bureau of Consumer Financial Protection (Bureau). In December 
2011, the Bureau published an interim final rule, incorporating the 
S.A.F.E. Act into its Regulations G and H. In April 2016, the Bureau 
finalized the interim final rule. Accordingly, the Board is proposing 
to repeal its S.A.F.E. Act regulations.

DATES: Comments must be received on or before November 26, 2018.

ADDRESSES: You may submit comments, identified by Docket No. 1622 and 
RIN 7100 AF-16, by any of the following methods:
     Agency Website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Email: [email protected]. Include the 
docket number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.

All public comments will be made available on the Board's website at 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 3515, 1801 K Street NW (between 18th and 19th 
Streets NW), between 9:00 a.m. and 5:00 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: Clinton Chen, Senior Attorney, (202) 
452-3952, Justyna Bolter, Attorney, (202) 452-2686, Legal Division, 
Board of Governors of the Federal Reserve System, 20th and C Streets 
NW, Washington, DC 20551. For users of Telecommunications Device for 
the Deaf (TDD) only, contact (202) 263-4869.

SUPPLEMENTARY INFORMATION: 

I. Background and Discussion

    The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 
(S.A.F.E. Act) \1\ mandates a nationwide licensing and registration 
system for residential mortgage loan originators. The S.A.F.E. Act 
requires residential mortgage loan originators employed by depository 
institutions, subsidiaries that are owned and controlled by a 
depository institution and regulated by a federal banking agency, and 
institutions regulated by the Farm Credit Administration (FCA) to 
register with the Nationwide Mortgage Licensing System and Registry, 
obtain a unique identifier, and maintain such registration. Originally, 
the federal registration requirements of the S.A.F.E. Act were 
implemented through a coordinated rulemaking of the federal banking 
agencies and the FCA, the agencies with authority over the federal 
registration requirements under the S.A.F.E. Act (the ``federal 
registry agencies'').\2\ The Board incorporated the S.A.F.E. Act in its 
Regulation H, 12 CFR part 208, subpart I, and Regulation K, 12 CFR 
211.24(k).
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    \1\ 12 U.S.C. 5101 et seq.
    \2\ 75 FR 44656 (July 28, 2010). The rules were promulgated by 
the Board; the Office of the Comptroller of the Currency (OCC); the 
Federal Deposit Insurance Corporation (FDIC); the Office of Thrift 
Supervision, Treasury (OTS); the FCA; and the National Credit Union 
Administration (NCUA).
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    Title X of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (Dodd-Frank Act) \3\ amended a number of consumer 
financial protection laws, including the S.A.F.E. Act. The Dodd-Frank 
Act transferred rulemaking authority for the S.A.F.E. Act from the 
federal registry agencies to the Bureau of Consumer Financial 
Protection (Bureau), effective July 21, 2011.\4\ In connection with the 
transfer of rulemaking authority for the S.A.F.E. Act to the Bureau, 
the Bureau published an interim final rule to incorporate the S.A.F.E. 
Act into its own Regulations G and H, 12 CFR parts 1007 and 1008 
(Bureau Interim Final Rule).\5\ In April 2016, the Bureau finalized the 
Bureau Interim Final Rule as part of a larger initiative of finalizing 
interim final rules.\6\ The Bureau's regulations that incorporate the 
S.A.F.E. Act substantially duplicate the federal registry agencies' 
coordinated rules and cover the entities that were previously subject 
to the other agencies' rules. Consequently, the Board is publishing 
this proposal to repeal its regulations that originally incorporated 
the S.A.F.E. Act.
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    \3\ Public Law 111-203, 124 Stat. 1376 (2010).
    \4\ See Public Law 111-203, sections 1061 & 1100. The Dodd-Frank 
Act generally excludes from this transfer of authority, subject to 
certain exceptions, any rulemaking authority over a motor vehicle 
dealer that is predominantly engaged in the sale and servicing of 
motor vehicles, the leasing and servicing of motor vehicles, or 
both. Public Law 111-203, section 1029. The rulemaking authority 
retained by the Board under Section 1029 of the Dodd-Frank Act does 
not extend to residential mortgages. Thus, all rulemaking authority 
under the S.A.F.E. Act, which pertains only to mortgage loan 
originator registrations, was transferred to the Bureau.
    \5\ 76 FR 78483 (Dec. 19, 2011).
    \6\ 81 FR 25323 (April 28, 2016).
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II. Initial Regulatory Flexibility Analysis

    The Regulatory Flexibility Act (the ``RFA'') (5 U.S.C. 601 et seq.) 
requires agencies either to provide an initial regulatory flexibility 
analysis with a proposed rule or to certify that the proposed rule will 
not have a significant economic impact on a substantial number of small 
entities. In accordance with section 3(a) of the RFA, the Board has 
reviewed the proposed regulation. This Initial Regulatory Flexibility 
Analysis has been prepared in accordance with 5 U.S.C. 603 in order

[[Page 48403]]

for the Board to solicit comment on the effect of the proposal on small 
entities. The Board will, if necessary, conduct a final regulatory 
flexibility analysis after consideration of comments received during 
the public comment period.
    1. Statement of the need for, and objectives of, the proposed rule. 
Title X of the Dodd-Frank Act transferred rulemaking authority for the 
S.A.F.E. Act and other enumerated consumer financial protection laws 
from the Board to the Bureau, effective July 21, 2011. In December 
2011, the Bureau issued an Interim Final Rule to incorporate the 
S.A.F.E. Act pursuant to the transfer of rulemaking authority. Although 
the Board retains authority to issue some consumer financial protection 
rules, all rulemaking authority under the S.A.F.E. Act concerning 
mortgage loan originator registration was transferred to the Bureau. 
Consequently, the Board is proposing to repeal its regulations that 
incorporated the S.A.F.E. Act.
    2. Small entities affected by the proposed rule. Any entity that is 
currently covered by the S.A.F.E. Act is subject to the rules issued by 
the Bureau, located in 12 CFR part 1007 and 1008. Therefore the Board's 
repeal of its regulations that incorporated the S.A.F.E. Act would not 
affect any entity, including small entities.
    3. Recordkeeping, reporting, and compliance requirements. The 
proposed rule would repeal parts of the Board's regulations that 
incorporated the S.A.F.E. Act, and would therefore not impose any 
recordkeeping, reporting, or compliance requirements on any entities.
    4. Other Federal Rules. The Board has not identified any federal 
rules that duplicate, overlap, or conflict with the proposed repeal of 
the Board's regulations that incorporated the S.A.F.E. Act.
    5. Significant alternatives to the proposed revisions. The Board is 
not aware of any significant alternatives that would further minimize 
the impact on small entities of the proposed repeal, but solicits 
comment on this approach.

III. Paperwork Reduction Act

    In accordance with the Paperwork Reduction Act (PRA) of 1995 (44 
U.S.C. 3506; 5 CFR 1320 Appendix A.1), the Board reviewed the rule 
under the authority delegated to the Federal Reserve by the Office of 
Management and Budget (OMB). The proposed rule contains no collections 
of information under the PRA. See 44 U.S.C. 3502(3). Accordingly, there 
is no paperwork burden associated with the proposed rule.

List of Subjects

12 CFR Part 208

    Accounting, Agriculture, Banks, Banking, Confidential business 
information, Consumer protection, Crime, Currency, Insurance, 
Investments, Mortgages, Reporting and recordkeeping requirements, 
Securities.

12 CFR Part 211

    Exports, Foreign banking, Holding companies, Investments, Reporting 
and recordkeeping requirements.

Authority and Issuance

    For the reasons set forth in the preamble, the Board proposes to 
amend chapter II of title 12 of the Code of Federal Regulations as 
follows:

PART 208--MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL 
RESERVE SYSTEM (REGULATION H)

0
1. The authority citation for part 208 continues to read as follows:

    Authority: 12 U.S.C. 24, 36, 92a, 93a, 248(a), 248(c), 321-338a, 
371d, 461, 481-486, 601, 611, 1814, 1816, 1818, 1820(d)(9), 1833(j), 
1828(o), 1831, 1831o, 1831p-1, 1831r-1, 1831w, 1831x, 1835a, 1882, 
2901-2907, 3105, 3310, 3331-3351, 3905-3909, and 5371; 15 U.S.C. 
78b, 78I(b), 78l(i), 780-4(c)(5), 78q, 78q-1, and 78w, 1681s, 1681w, 
6801, and 6805; 31 U.S.C. 5318; 42 U.S.C. 4012a, 4104a, 4104b, 4106 
and 4128.

Subpart I--[Removed and Reserved]

0
2. Remove and reserve subpart I, consisting of Sec. Sec.  208.101 
through 208.105 and Appendix A.

PART 211--INTERNATIONAL BANKING OPERATIONS (REGULATION K)

0
3. The authority citation for part 211 continues to read as follows:

    Authority: 12 U.S.C. 221 et seq., 1818, 1835a, 1841 et seq., 
3101 et seq., 3901 et seq., and 5101 et seq.; 15 U.S.C. 1681s, 
1681w, 6801 and 6805.

0
4. In Sec.  211.24, remove paragraph (k).

    By order of the Board of Governors of the Federal Reserve 
System, September 20, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-20832 Filed 9-24-18; 8:45 am]
 BILLING CODE 6210-01-P

48402 Proposed Rules Federal Register Vol. 83, No. 186 Tuesday, September 25, 2018 This section of the FEDERAL REGISTER Constitution Avenue NW, Washington, part 208, subpart I, and Regulation K, 12 contains notices to the public of the proposed DC 20551. CFR 211.24(k). issuance of rules and regulations. The All public comments will be made Title X of the Dodd-Frank Wall Street purpose of these notices is to give interested Reform and Consumer Protection Act available on the Board’s website at persons an opportunity to participate in the (Dodd-Frank Act) 3 amended a number rule making prior to the adoption of the final http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm as of consumer financial protection laws, rules. submitted, unless modified for technical including the S.A.F.E. Act. The Dodd- reasons or to remove personally Frank Act transferred rulemaking FEDERAL RESERVE SYSTEM identifiable information at the authority for the S.A.F.E. Act from the commenter’s request. Accordingly, federal registry agencies to the Bureau of 12 CFR Parts 208 and 211 comments will not be edited to remove Consumer Financial Protection any identifying or contact information. (Bureau), effective July 21, 2011.4 In [Docket No. R–1622 and RIN 7100 AF–16] Public comments may also be viewed connection with the transfer of electronically or in paper in Room 3515, rulemaking authority for the S.A.F.E. Registration of Mortgage Loan 1801 K Street NW (between 18th and Act to the Bureau, the Bureau published Originators 19th Streets NW), between 9:00 a.m. and an interim final rule to incorporate the 5:00 p.m. on weekdays. S.A.F.E. Act into its own Regulations G AGENCY: Board of Governors of the and H, 12 CFR parts 1007 and 1008 FOR FURTHER INFORMATION CONTACT: Federal Reserve System. (Bureau Interim Final Rule).5 In April Clinton Chen, Senior Attorney, (202) ACTION: Notice of proposed rulemaking; 2016, the Bureau finalized the Bureau 452–3952, Justyna Bolter, Attorney, request for public comment. Interim Final Rule as part of a larger (202) 452–2686, Legal Division, Board of initiative of finalizing interim final SUMMARY: The Board of Governors of the Governors of the Federal Reserve rules.6 The Bureau’s regulations that Federal Reserve System (Board) is System, 20th and C Streets NW, incorporate the S.A.F.E. Act proposing to repeal its regulations that Washington, DC 20551. For users of substantially duplicate the federal incorporated the Secure and Fair Telecommunications Device for the Deaf registry agencies’ coordinated rules and Enforcement for Mortgage Licensing Act (TDD) only, contact (202) 263–4869. cover the entities that were previously (the S.A.F.E. Act). Title X of the Dodd- SUPPLEMENTARY INFORMATION: subject to the other agencies’ rules. Frank Wall Street Reform and Consumer I. Background and Discussion Consequently, the Board is publishing Protection Act (Dodd-Frank Act) this proposal to repeal its regulations transferred rulemaking authority for a The Secure and Fair Enforcement for that originally incorporated the S.A.F.E. number of consumer financial Mortgage Licensing Act of 2008 Act. protection laws, including the S.A.F.E. (S.A.F.E. Act) 1 mandates a nationwide licensing and registration system for II. Initial Regulatory Flexibility Act, from the Board to the Bureau of residential mortgage loan originators. Analysis Consumer Financial Protection (Bureau). In December 2011, the Bureau The S.A.F.E. Act requires residential The Regulatory Flexibility Act (the published an interim final rule, mortgage loan originators employed by ‘‘RFA’’) (5 U.S.C. 601 et seq.) requires incorporating the S.A.F.E. Act into its depository institutions, subsidiaries that agencies either to provide an initial Regulations G and H. In April 2016, the are owned and controlled by a regulatory flexibility analysis with a Bureau finalized the interim final rule. depository institution and regulated by proposed rule or to certify that the Accordingly, the Board is proposing to a federal banking agency, and proposed rule will not have a significant repeal its S.A.F.E. Act regulations. institutions regulated by the Farm economic impact on a substantial Credit Administration (FCA) to register number of small entities. In accordance DATES: Comments must be received on with the Nationwide Mortgage with section 3(a) of the RFA, the Board or before November 26, 2018. Licensing System and Registry, obtain a has reviewed the proposed regulation. ADDRESSES: You may submit comments, unique identifier, and maintain such This Initial Regulatory Flexibility identified by Docket No. 1622 and RIN registration. Originally, the federal Analysis has been prepared in 7100 AF–16, by any of the following registration requirements of the S.A.F.E. accordance with 5 U.S.C. 603 in order methods: Act were implemented through a • Agency Website: http:// coordinated rulemaking of the federal 3 Public Law 111–203, 124 Stat. 1376 (2010). www.federalreserve.gov. Follow the banking agencies and the FCA, the 4 See Public Law 111–203, sections 1061 & 1100. instructions for submitting comments at agencies with authority over the federal The Dodd-Frank Act generally excludes from this http://www.federalreserve.gov/ transfer of authority, subject to certain exceptions, registration requirements under the any rulemaking authority over a motor vehicle generalinfo/foia/ProposedRegs.cfm. S.A.F.E. Act (the ‘‘federal registry dealer that is predominantly engaged in the sale • Email: regs.comments@ agencies’’).2 The Board incorporated the and servicing of motor vehicles, the leasing and daltland on DSKBBV9HB2PROD with PROPOSALS federalreserve.gov. Include the docket servicing of motor vehicles, or both. Public Law S.A.F.E. Act in its Regulation H, 12 CFR 111–203, section 1029. The rulemaking authority number in the subject line of the retained by the Board under Section 1029 of the message. 1 12 U.S.C. 5101 et seq. Dodd-Frank Act does not extend to residential • FAX: (202) 452–3819 or (202) 452– 2 75 FR 44656 (July 28, 2010). The rules were mortgages. Thus, all rulemaking authority under the 3102. promulgated by the Board; the Office of the S.A.F.E. Act, which pertains only to mortgage loan Comptroller of the Currency (OCC); the Federal originator registrations, was transferred to the • Mail: Ann E. Misback, Secretary, Deposit Insurance Corporation (FDIC); the Office of Bureau. Board of Governors of the Federal Thrift Supervision, Treasury (OTS); the FCA; and 5 76 FR 78483 (Dec. 19, 2011). Reserve System, 20th Street and the National Credit Union Administration (NCUA). 6 81 FR 25323 (April 28, 2016). VerDate Sep<11>2014 16:45 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 E:\FR\FM\25SEP1.SGM 25SEP1

Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Proposed Rules 48403 for the Board to solicit comment on the List of Subjects DEPARTMENT OF HEALTH AND effect of the proposal on small entities. HUMAN SERVICES The Board will, if necessary, conduct a 12 CFR Part 208 final regulatory flexibility analysis after Accounting, Agriculture, Banks, Food and Drug Administration consideration of comments received Banking, Confidential business during the public comment period. 21 CFR Part 886 information, Consumer protection, 1. Statement of the need for, and Crime, Currency, Insurance, [Docket No. FDA–2018–N–3074] objectives of, the proposed rule. Title X Investments, Mortgages, Reporting and of the Dodd-Frank Act transferred recordkeeping requirements, Securities. Ophthalmic Devices; Reclassification rulemaking authority for the S.A.F.E. of Ultrasound Cyclodestructive Device Act and other enumerated consumer 12 CFR Part 211 financial protection laws from the Board AGENCY: Food and Drug Administration, to the Bureau, effective July 21, 2011. In Exports, Foreign banking, Holding HHS. December 2011, the Bureau issued an companies, Investments, Reporting and ACTION: Proposed order. Interim Final Rule to incorporate the recordkeeping requirements. S.A.F.E. Act pursuant to the transfer of SUMMARY: The Food and Drug Authority and Issuance Administration (FDA) is issuing this rulemaking authority. Although the Board retains authority to issue some proposed order to reclassify the For the reasons set forth in the consumer financial protection rules, all ultrasound cyclodestructive device, a preamble, the Board proposes to amend rulemaking authority under the S.A.F.E. postamendments class III device chapter II of title 12 of the Code of (regulated under product code LZR), Act concerning mortgage loan originator Federal Regulations as follows: registration was transferred to the into class II (special controls), subject to Bureau. Consequently, the Board is premarket notification. FDA is also PART 208—MEMBERSHIP OF STATE proposing to repeal its regulations that identifying the proposed special BANKING INSTITUTIONS IN THE incorporated the S.A.F.E. Act. controls that the Agency believes are FEDERAL RESERVE SYSTEM necessary to provide a reasonable 2. Small entities affected by the (REGULATION H) proposed rule. Any entity that is assurance of safety and effectiveness of currently covered by the S.A.F.E. Act is the device. FDA is proposing this ■ 1. The authority citation for part 208 reclassification on its own initiative subject to the rules issued by the continues to read as follows: Bureau, located in 12 CFR part 1007 and based on new information. If finalized, 1008. Therefore the Board’s repeal of its Authority: 12 U.S.C. 24, 36, 92a, 93a, this order will reclassify these devices regulations that incorporated the 248(a), 248(c), 321–338a, 371d, 461, 481–486, from class III to class II (special S.A.F.E. Act would not affect any entity, 601, 611, 1814, 1816, 1818, 1820(d)(9), controls) and reduce regulatory burdens including small entities. 1833(j), 1828(o), 1831, 1831o, 1831p–1, as these types of devices will no longer 3. Recordkeeping, reporting, and 1831r–1, 1831w, 1831x, 1835a, 1882, 2901– be required to submit a premarket compliance requirements. The proposed 2907, 3105, 3310, 3331–3351, 3905–3909, approval application (PMA) but can rule would repeal parts of the Board’s and 5371; 15 U.S.C. 78b, 78I(b), 78l(i), 780– instead submit a less burdensome regulations that incorporated the 4(c)(5), 78q, 78q–1, and 78w, 1681s, 1681w, premarket notification (510(k)) before S.A.F.E. Act, and would therefore not 6801, and 6805; 31 U.S.C. 5318; 42 U.S.C. marketing their device. 4012a, 4104a, 4104b, 4106 and 4128. DATES: Submit either electronic or impose any recordkeeping, reporting, or compliance requirements on any written comments on the proposed Subpart I—[Removed and Reserved] order by November 26, 2018. Please see entities. 4. Other Federal Rules. The Board has section XI for the proposed effective ■ 2. Remove and reserve subpart I, date when the new requirements apply not identified any federal rules that consisting of §§ 208.101 through duplicate, overlap, or conflict with the and for the proposed effective date of a 208.105 and Appendix A. final order based on this proposed proposed repeal of the Board’s regulations that incorporated the order. PART 211—INTERNATIONAL S.A.F.E. Act. BANKING OPERATIONS ADDRESSES: You may submit comments 5. Significant alternatives to the (REGULATION K) as follows. Please note that late, proposed revisions. The Board is not untimely filed comments will not be aware of any significant alternatives that ■ 3. The authority citation for part 211 considered. Electronic comments must would further minimize the impact on continues to read as follows: be submitted on or before November 26, small entities of the proposed repeal, 2018. The https://www.regulations.gov Authority: 12 U.S.C. 221 et seq., 1818, but solicits comment on this approach. electronic filing system will accept 1835a, 1841 et seq., 3101 et seq., 3901 et seq., III. Paperwork Reduction Act comments until midnight Eastern Time and 5101 et seq.; 15 U.S.C. 1681s, 1681w, at the end of November 26, 2018. 6801 and 6805. In accordance with the Paperwork Comments received by mail/hand Reduction Act (PRA) of 1995 (44 U.S.C. ■ 4. In § 211.24, remove paragraph (k). delivery/courier (for written/paper 3506; 5 CFR 1320 Appendix A.1), the submissions) will be considered timely Board reviewed the rule under the By order of the Board of Governors of the if they are postmarked or the delivery daltland on DSKBBV9HB2PROD with PROPOSALS authority delegated to the Federal Federal Reserve System, September 20, 2018. service acceptance receipt is on or Reserve by the Office of Management Ann Misback, before that date. and Budget (OMB). The proposed rule Secretary of the Board. contains no collections of information Electronic Submissions [FR Doc. 2018–20832 Filed 9–24–18; 8:45 am] under the PRA. See 44 U.S.C. 3502(3). BILLING CODE 6210–01–P Submit electronic comments in the Accordingly, there is no paperwork following way: burden associated with the proposed • Federal eRulemaking Portal: rule. https://www.regulations.gov. Follow the VerDate Sep<11>2014 16:45 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 E:\FR\FM\25SEP1.SGM 25SEP1


Document Created: 2018-09-25 00:21:58
Document Modified: 2018-09-25 00:21:58
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionNotice of proposed rulemaking; request for public comment.
DatesComments must be received on or before November 26, 2018.
ContactClinton Chen, Senior Attorney, (202) 452-3952, Justyna Bolter, Attorney, (202) 452-2686, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869.
FR Citation83 FR 48402 
CFR Citation12 CFR 208
12 CFR 211
CFR AssociatedAccounting; Agriculture; Banks; Banking; Confidential Business Information; Consumer Protection; Crime; Currency; Insurance; Investments; Mortgages; Reporting and Recordkeeping Requirements; Securities; Exports; Foreign Banking and Holding Companies
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