Registration of Mortgage Loan Originators

Forms and Documents

Document Name	Status
Time and Cost Estimate Breakdown.docx Supplementary Document	2010-08-04
Expedite review request.docx Supplementary Document	2010-08-03
draftSAFE[2]justification[1].docx Supporting Statement A	2010-08-10

IC Document Collections

IC ID	Document Title	Status
194122	Credit Unions - (Depository Institutions)	New
194121	Mortgage Loan Originators - Updates for Changes	New
194047	Mortgage Loan Originators (MLOs) - Initial set up and disclosure Other-Information on Respondent Category	New

ICR Details

OMB Control No: 3133-0181	ICR Reference No: 201007-3133-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: NCUA	Agency Tracking No:
Title: Registration of Mortgage Loan Originators
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 08/05/2010
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/17/2010
	Date Received in OIRA: 08/04/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	02/28/2011
Responses	38,143	0	0
Time Burden (Hours)	1,080,064	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: NCUA requests OMB approval of collections of information contained in a joint Notice of Proposed Rulemaking by the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the National Credit Union Administration (Agencies) proposing amendments to their rules in order to implement the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) which was enacted as Title V of the Housing and Economic Recovery Act of 2008, Pub. L. No. 110-289.

Emergency Justfication: This collection is part of an interagency rulemaking in which NCUA has been involved with the other federal banking agencies. NCUA recieved no comments regarding PRA compliance or its estimates as presented in the joint proposed rule. In order to coincide release in conjunction with the other banking agencies, the NCUA requests expedited processing of the collection.

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Authorizing Statute(s): PL: Pub.L. 110 - 289 1501-1517, 122 Stat. 2654 Name of Law: Housing and Economic Recovery Act of 2008
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AD59	Final or interim final rulemaking	75 FR 44656	07/28/2010

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 27386	06/09/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 44656	07/28/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Mortgage Loan Originators (MLOs) - Initial set up and disclosure
Credit Unions - (Depository Institutions)
Mortgage Loan Originators - Updates for Changes

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	38,143	0	0	38,143	0	0
Annual Time Burden (Hours)	1,080,064	0	0	1,080,064	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection due to a joint agency Proposed Rulemaking which proposed amendments to their rules in order to implement the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) which was enacted as Title V of the Housing and Economic Recovery Act of 2008, Pub. L. No. 110-289.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/04/2010

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