83 FR 5293 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Registration of Mortgage Loan Originators
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 25 (February 6, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 25 (February 6, 2018)
| Page Range | 5293-5295 | |
| FR Document | 2018-02305 |
[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)] [Notices] [Pages 5293-5295] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-02305] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Registration of Mortgage Loan Originators 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 respondents are 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, ``Registration of Mortgage Loan Originators.'' DATES: You should submit written comments by: April 9, 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. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0243, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to [email protected]. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW, Washington, DC 20219. 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 [[Page 5294]] to security screening in order to inspect and photocopy comments. All 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. 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 renewal 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 renewal of information set forth in this document. Title: Registration of Mortgage Loan Originators. OMB Number: 1557-0243. Description: The Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) \1\ requires an employee of a bank, savings association, or credit union and their subsidiaries regulated by a federal banking agency or an employee of an institution regulated by the Farm Credit Administration (FCA) (collectively, institutions) who engages in the business of a residential mortgage loan originator (MLO) to register with the Nationwide Mortgage Licensing System and Registry (Registry) and obtain a unique identifier. Institutions must require their employees who act as residential MLOs to comply with the Act's requirements to register and obtain a unique identifier and also adopt and follow written policies and procedures to assure compliance with these requirements. --------------------------------------------------------------------------- \1\ The S.A.F.E. Act was enacted as part of the Housing and Economic Recovery Act of 2008, Pub. L. 110-289, Division A, Title V, sections 1501-1517, 122 Stat. 2654, 2810-2824 (July 30, 2008), codified at 12 U.S.C. 5101-5116. --------------------------------------------------------------------------- Among other things, the Registry is intended to aggregate and improve the flow of information to and between regulators; provide increased accountability and tracking of mortgage loan originators; enhance consumer protections; reduce fraud in the residential mortgage loan origination process; and provide consumers with easily accessible information at no charge regarding the employment history of, and the publicly adjudicated disciplinary and enforcement actions against, mortgage loan originators. Along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Farm Credit Administration, the OCC issued a final rule implementing the SAFE Act.\2\ The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), Public Law 111- 203, later transferred this rule to the Consumer Financial Protection Bureau (CFPB) and the CFPB republished this rule as 12 CFR part 1007.\3\ However, the OCC retains enforcement authority for this rule for national banks, federal savings associations and federal branches and agencies of foreign banks with total assets of $10 billion or less.\4\ --------------------------------------------------------------------------- \2\ 75 FR 44656 (July 28, 2010), as corrected in 75 FR 51623 (Aug. 23, 2010). \3\ 76 FR 78487 (Dec. 19, 2011). \4\ See section 1025 of the Dodd-Frank Act, codified at 12 U.S.C. 5515. --------------------------------------------------------------------------- MLO Reporting Requirements Except in situations where the de minimis exception applies, 12 CFR 1007.103 requires an employee of an institution who is engaged in the business of a MLO to register with the Registry, maintain and update such registration, and obtain a unique identifier. This section also requires an institution to require its MLO employees to comply with these requirements. Section 1007.103(d) sets forth the categories of information that an institution must require its employees to submit to the Registry, or to submit on the employee's behalf. This section also requires the employee to submit to the Registry an attestation as to the correctness of the information submitted and an authorization for the Registry to obtain further information. MLO Disclosure Requirement Section 1007.105(b) requires the MLO to provide the unique identifier to a consumer upon request, before acting as a mortgage loan originator, and through the originator's initial written communication with a consumer, if any, whether on paper or electronically. Financial Institution Reporting Requirements Section 1007.103(e) specifies the institution and employee information that an institution must submit to the Registry in connection with the registration of one or more MLOs and annually thereafter. The institution also must update this information within 30 days of it becoming inaccurate. Employees of the institution who submit information to the Registry on behalf of the institution also must verify their identity and attest to the accuracy of the information submitted. Financial Institution Disclosure Requirements Section 1007.105(a) requires the institution to make the unique identifier of MLO employees available to consumers in a manner and method practicable to the institution. Financial Institution Recordkeeping Requirements Section 1007.104 requires that an institution that employs MLOs to adopt and follow written policies and procedures, at a minimum addressing certain specified areas, but otherwise appropriate to the nature, size and complexity of their mortgage lending activities. Type of Review: Extension of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Estimated Number of Respondents: 85,353. Estimated Total Annual Burden: 51,384 hours. Comments submitted in response to this notice will be summarized, included in the request for OMB approval, and 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 burden of the collection of information; (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. [[Page 5295]] Dated: January 31, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2018-02305 Filed 2-5-18; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 83, No. 25 / Tuesday, February 6, 2018 / Notices 5293
Act of 1980 (ANILCA) for certain (Department of Transportation); Forest Issued on: January 29, 2018.
projects. The FHWA is extending the Service (Department of Agriculture); Sandra A. Garcia-Aline,
date to accommodate a potential shift in U.S. Fish and Wildlife Service Division Administrator.
the preferred alternative and to (Department of the Interior); and Corps [FR Doc. 2018–02265 Filed 2–5–18; 8:45 am]
determine with the Department of the of Engineers (Department of the Army). BILLING CODE 4910–22–P
Interior how a 2017 commitment to These agencies have long been
undertake a land exchange in the project cooperating agencies and have been
area would affect the decision making working in good faith to produce the
DEPARTMENT OF THE TREASURY
process. The delay is agreeable to the EIS.
applicant (Alaska Department of Under ANILCA Title XI, FHWA and Office of the Comptroller of the
Transportation and Public Facilities) the other involved Federal agencies Currency
and other involved Federal agencies. consider the Kenai National Wildlife
DATES: The publication of a final Refuge and the Resurrection Pass Agency Information Collection
environmental impact statement for the National Recreation Trail on Chugach Activities: Information Collection
Sterling Highway MP 45–60 Project is National Forest to be CSUs. Two Renewal; Comment Request;
extended to March 13, 2018. alternatives would use land from these Registration of Mortgage Loan
ADDRESSES: Applicant’s project website: CSUs, and two alternatives would not Originators
http://sterlinghighway.net. use land from any CSUs. DOT&PF filed
the required Federal form, Standard AGENCY: Office of the Comptroller of the
FOR FURTHER INFORMATION CONTACT: John
Form 299, as an application for crossing Currency (OCC), Treasury.
Lohrey, FHWA Alaska Division
Transportation Planner, 907–586–7428, the CSUs. The filing date was March 13, ACTION: Notice and request for comment.
john.lohrey@dot.gov. 2015. At that time, neither DOT&PF nor
FHWA had identified a preferred SUMMARY: The OCC, as part of its
SUPPLEMENTARY INFORMATION: The continuing effort to reduce paperwork
Alaska Department of Transportation alternative, so the application was made
in general, because two alternatives and respondent burden, invites the
and Public Facilities (DOT&PF) general public and other federal
proposes to upgrade and partially would involve CSUs. In December 2015,
DOT&PF and FHWA agreed that the G agencies to take this opportunity to
realign the Sterling Highway (AK–1) comment on a continuing information
over about 14 miles in the vicinity of South Alternative was the preferred
alternative and released this information collection as required by the Paperwork
Cooper Landing, in the Kenai Peninsula Reduction Act of 1995 (PRA).
Borough, Alaska. The Sterling Highway to the public. The FHWA issued a letter
dated December 9, 2016, to cooperating In accordance with the requirements
Milepost 45–60 Project, in part, would of the PRA, the OCC may not conduct
use Federal funding administered by the agencies stating that the preferred
alternative would not cross any CSU or sponsor, and respondents are not
FHWA. The FHWA and DOT&PF issued required to respond to, an information
a draft supplemental environmental and that no decision under ANILCA
Title XI would be required. collection unless it displays a currently
impact statement (EIS) for the project in valid Office of Management and Budget
March 2015. The EIS was a Consideration of the timelines under
ANILCA Title XI was put aside. (OMB) control number.
supplemental EIS because FHWA had The OCC is soliciting comment
issued a draft EIS in 1994 for a 23-mile However, based on public and agency
comment following publication of the concerning the renewal of its
stretch of the Sterling Highway and had information collection titled,
issued authorization following the 1994 Draft Supplemental EIS and the
announcement of the preferred ‘‘Registration of Mortgage Loan
draft EIS to split the project into two Originators.’’
parts, each with independent utility. A alternative, and based on input from
decision in 1995 authorized design and cooperating agencies during preparation DATES: You should submit written
construction of the Milepost 37–45 of the Final EIS, FHWA and DOT&PF comments by: April 9, 2018.
portion (completed in 2001) and have been reconsidering the preferred ADDRESSES: Because paper mail in the
development of a supplemental EIS for alternative. New information also affects Washington, DC area and at the OCC is
the Milepost 45–60 portion. identification of the preferred subject to delay, commenters are
Some alternatives evaluated in the alternative. Therefore, the involved encouraged to submit comments by
current EIS would cross lands classified Federal agencies and DOT&PF as the email, if possible. Comments may be
as conservation system units (CSUs) by applicant are in agreement that it is in sent to: Legislative and Regulatory
the ANILCA. Title XI of ANILCA the best interest of good decision- Activities Division, Office of the
requires special procedures for making for this project to extend the Comptroller of the Currency, Attention:
completion of an EIS under the National timeline given in ANILCA. 1557–0243, 400 7th Street SW, Suite
Environmental Policy Act if a Specifically, FHWA is extending the 3E–218, Washington, DC 20219. In
transportation project will cross a CSU. timeline for publishing the Final EIS to addition, comments may be sent by fax
The ANILCA Section 1104(e) [16 U.S.C. March 13, 2018. The FHWA and the to (571) 465–4326 or by electronic mail
3164(e)] describes procedural other involved Federal agencies expect to prainfo@occ.treas.gov. You may
requirements, including a requirement to publish the Final EIS within that time personally inspect and photocopy
that the project’s final EIS shall be and to issue their individual decisions comments at the OCC, 400 7th Street
completed within 1 year of submittal of regarding permits and authorizations in SW, Washington, DC 20219. For
a form applying to cross a CSU. The accordance with ANILCA following the security reasons, the OCC requires that
daltland on DSKBBV9HB2PROD with NOTICES
procedural requirements allow the lead Final EIS publication. The actual visitors make an appointment to inspect
Federal agency to extend the time issuance of a permit or right-of-way, or comments. You may do so by calling
period for good cause if a notice is actual transfer of funds, is expected to (202) 649–6700 or, for persons who are
published in the Federal Register to occur as promptly as possible following deaf or hearing impaired, TTY, (202)
explain the reasons for the extension. these decisions, per ANILCA sections 649–5597. Upon arrival, visitors will be
For ANILCA requirements, the 1106(a)(1)(A) and 1106(c)(6). required to present valid government-
involved Federal agencies are FHWA Authority: 16 U.S.C. 3164(e). issued photo identification and submit
VerDate Sep<11>2014 19:02 Feb 05, 2018 Jkt 244001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\06FEN1.SGM 06FEN1](https://thefederalregister.org/doc/83_FR_5318/page/1.svg)
![Federal Register / Vol. 83, No. 25 / Tuesday, February 6, 2018 / Notices 5295
Dated: January 31, 2018. property, reducing excessive DEPARTMENT OF VETERANS
Karen Solomon, deductions. AFFAIRS
Acting Senior Deputy Comptroller and Chief Current Actions: There is no change [OMB Control No. 2900–0682]
Counsel, Office of the Comptroller of the in the paperwork burden previously
Currency.
approved by OMB. This form is being Agency Information Collection
[FR Doc. 2018–02305 Filed 2–5–18; 8:45 am] submitted for renewal purposes only. Activity: Advertising, Sales, and
BILLING CODE 4810–33–P Enrollment Materials, and Candidate
Type of Review: Extension of a
currently approved collection. Handbook
DEPARTMENT OF THE TREASURY Affected Public: Business or other for- AGENCY: Veterans Benefits
profit, and not-for-profit institutions. Administration, Department of Veterans
Internal Revenue Service Affairs.
Estimated Number of Respondents:
1,000. ACTION: Notice.
Proposed Information Collection;
Comment Request for Regulation Estimated Time per Respondent: 5 SUMMARY: Veterans Benefits
Project hrs. 26 min. Administration, Department of Veterans
Estimated Total Annual Burden Affairs (VA), is announcing an
AGENCY: Internal Revenue Service (IRS),
Hours: 5,430. opportunity for public comment on the
Treasury.
proposed collection of certain
ACTION: Notice and request for The following paragraph applies to all information by the agency. Under the
comments. of the collections of information covered Paperwork Reduction Act (PRA) of
by this notice: 1995, Federal agencies are required to
SUMMARY: The Internal Revenue Service, An agency may not conduct or publish notice in the Federal Register
as part of its continuing effort to reduce sponsor, and a person is not required to concerning each proposed collection of
paperwork and respondent burden, respond to, a collection of information information, including each proposed
invites the general public and other unless the collection of information extension of a currently approved
Federal agencies to take this displays a valid OMB control number. collection, and allow 60 days for public
opportunity to comment on proposed Books or records relating to a collection comment in response to the notice.
and/or continuing information of information must be retained as long DATES: Written comments and
collections, as required by the as their contents may become material
Paperwork Reduction Act of 1995. The recommendations on the proposed
in the administration of any internal collection of information should be
IRS is soliciting comments concerning revenue law. Generally, tax returns and
the Notice of Income from Donated received on or before April 9, 2018.
tax return information are confidential, ADDRESSES: Submit written comments
Intellectual Property. as required by 26 U.S.C. 6103. on the collection of information through
DATES: Written comments should be
Request for Comments: Comments Federal Docket Management System
received on or before April 9, 2018 to
submitted in response to this notice will (FDMS) at www.Regulations.gov or to
be assured of consideration.
be summarized and/or included in our Nancy J. Kessinger, Veterans Benefits
ADDRESSES: Direct all written comments request for Office of Management and Administration (20M33), Department of
to Laurie Brimmer, Internal Revenue Budget (OMB) approval of the relevant Veterans Affairs, 810 Vermont Avenue
Service, Room 6526, 1111 Constitution information collection. All comments NW, Washington, DC 20420 or email to
Avenue NW, Washington, DC 20224. will become a matter of public record. nancy.kessinger@va.gov . Please refer to
You must reference the information Please do not include any confidential ‘‘OMB Control No. 2900–0682’’ in any
collection’s title, form number, or inappropriate material in your correspondence. During the comment
reporting or record-keeping requirement comments. period, comments may be viewed online
number, and OMB number (if any) in through the FDMS.
your comment. We invite comments on: (a) Whether
the collection of information is FOR FURTHER INFORMATION CONTACT:
FOR FURTHER INFORMATION CONTACT: necessary for the proper performance of Cynthia Harvey-Pryor at (202) 461–
Requests for additional information, or the agency’s functions, including 5870.
copies of the information collection and whether the information has practical SUPPLEMENTARY INFORMATION: Under the
instructions, or copies of any comments utility; (b) the accuracy of the agency’s PRA of 1995, Federal agencies must
received, should be directed to LaNita estimate of the burden of the collection obtain approval from the Office of
Van Dyke, at Internal Revenue Service, of information; (c) ways to enhance the Management and Budget (OMB) for each
Room 6526, 1111 Constitution Avenue quality, utility, and clarity of the collection of information they conduct
NW, Washington, DC 20224, or (202) information to be collected; (d) ways to or sponsor. This request for comment is
317–6009 or, through the internet, at minimize the burden of the collection of being made pursuant to Section
LanitaVanDyke@irs.gov. information on respondents, including 3506(c)(2)(A) of the PRA.
SUPPLEMENTARY INFORMATION: the use of automated collection With respect to the following
Title: Notice of Income Donated techniques or other forms of information collection of information, VBA invites
Intellectual Property. technology; and (e) estimates of capital comments on:
OMB Number: 1545–1962. or start-up costs and costs of operation, (1) Whether the proposed collection
Form Number: Form 8899. maintenance, and purchase of services of information is necessary for the
daltland on DSKBBV9HB2PROD with NOTICES
Abstract: Form 8899 is filed by to provide the requested information. proper performance of VBA’s functions,
charitable org. receiving donations of Approved: January 23, 2018. including whether the information will
intellectual property if the donor have practical utility; (2) the accuracy of
Laurie Brimmer,
provides timely notice. The initial VBA’s estimate of the burden of the
deduction is limited to the donor’s Senior Tax Analyst. proposed collection of information; (3)
basis; additional deductions are allowed [FR Doc. 2018–02318 Filed 2–5–18; 8:45 am] ways to enhance the quality, utility, and
to the extent of income from the BILLING CODE 4830–01–P clarity of the information to be
VerDate Sep<11>2014 19:02 Feb 05, 2018 Jkt 244001 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 E:\FR\FM\06FEN1.SGM 06FEN1](https://thefederalregister.org/doc/83_FR_5318/page/3.svg)
Document Created: 2018-02-06 00:30:26
Document Modified: 2018-02-06 00:30:26
| 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: April 9, 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 5293 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR