Credit Risk Retention

Forms and Documents

Document Name	Status
SPST Credit Risk Retention NPR2.doc Supporting Statement A	2013-09-20

IC Document Collections

IC ID	Document Title	Status
208181	Underwriting Standards for Qualifying Automobile Loans (disclosures)	New
208180	Underwriting Standards for Qualifying Automobile Loans (recordkeeping)	New
208179	Underwriting Standards for Qualifying CRE Loans (disclosures)	New
208178	Underwriting Standards for Qualifying CRE Loans (recordkeeping)	New
208177	Underwriting Standards for Qualifying Commercial Loans (disclosures)	New
208176	Underwriting Standards for Qualifying Commercial Loans (recordkeeping)	New
208175	Exemption for Qualifying Commercial Loans, Commercial Real Estate, and Automobile Loans (disclosures)	New
208173	Exemption for Qualified Residential Mortgages (disclosures)	New
208172	Exemption for Qualified Residential Mortgages (recordkeeping)	New
208171	Allocation of Risk Retention to Originator (disclosures)	New
208170	Allocation of Risk Retention to Originator (recordkeeping)	New
208169	Qualified Tender Option Bonds (disclosures)	New
208168	Open Market CLO (disclosures)	New
208167	FNMA and FHLMC (disclosures)	New
208166	Commercial MBS (disclosures)	New
208165	Commercial MBS (recordkeeping)	New
208164	Eligible ABCP Conduits (disclosures)	New
208163	Eligible ABCP Conduits (recordkeeping)	New
208162	Revolving master trusts (disclosures)	New
208161	Revolving master trusts (recordkeeping)	New
208160	Combined horizontal/vertical interests (payment date disclosures)	New
208159	Combined horizontal/vertical interests (disclosures)	New
208158	Combined Horizontal/Vertical Interests (recordkeeping)	New
208117	Vertical Interest (disclosures)	New
208096	Vertical Interest (recordkeeping)	New
208095	Horizontal Interest (payment date disclosures)	New
208089	Horizontal Interest (disclosures)	New
208088	Horizontal Interest (recordkeeping)	New

ICR Details

OMB Control No: 3064-0193	ICR Reference No: 201308-3064-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: Credit Risk Retention
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 03/20/2014
	Date Received in OIRA: 09/20/2013
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The FDIC, jointly with the OCC, FRB, SEC, FHFA, and HUD have proposed rules to implement the credit risk retention requirements of section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Generally, the rules require securitizers of asset-backed securities to retain not less than five percent of the credit risk of the assets collateralizing the asset-backed securities.

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Authorizing Statute(s): Statute at Large: 124 Stat. 1376 Name of Statute: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD74	Proposed rulemaking	78 FR 57928	09/20/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 28

IC Title	Form No.	Form Name
Open Market CLO (disclosures)
Qualified Tender Option Bonds (disclosures)
Allocation of Risk Retention to Originator (recordkeeping)
Allocation of Risk Retention to Originator (disclosures)
Underwriting Standards for Qualifying Commercial Loans (recordkeeping)
Exemption for Qualified Residential Mortgages (recordkeeping)
Exemption for Qualified Residential Mortgages (disclosures)
Underwriting Standards for Qualifying CRE Loans (recordkeeping)
Underwriting Standards for Qualifying CRE Loans (disclosures)
Underwriting Standards for Qualifying Automobile Loans (recordkeeping)
Underwriting Standards for Qualifying Automobile Loans (disclosures)
Horizontal Interest (payment date disclosures)
Vertical Interest (recordkeeping)
Horizontal Interest (disclosures)
Vertical Interest (disclosures)
Combined Horizontal/Vertical Interests (recordkeeping)
Combined horizontal/vertical interests (disclosures)
Combined horizontal/vertical interests (payment date disclosures)
Revolving master trusts (recordkeeping)
Revolving master trusts (disclosures)
Eligible ABCP Conduits (recordkeeping)
Eligible ABCP Conduits (disclosures)
Commercial MBS (recordkeeping)
Commercial MBS (disclosures)
FNMA and FHLMC (disclosures)
Exemption for Qualifying Commercial Loans, Commercial Real Estate, and Automobile Loans (disclosures)
Underwriting Standards for Qualifying Commercial Loans (disclosures)
Horizontal Interest (recordkeeping)

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This is a new information collection.

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Annual Cost to Federal Government:

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]? Yes

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: 09/20/2013

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