The credit risk retention
recordkeeping and disclosure requirements are contained in proposed
new Regulation RR, which would implement Section 15G of the
Securities Exchange Act of 1934 (15 U.S.C. 78o-11), as added by
Section 941(b) of the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (Dodd-Frank Act).
This is a new collection of
information. After considering comments received on §_B.4 of the
re-proposal relating to payment date calculations, the agencies
determined that these provisions would not operate without
significant risk of unintended consequences. As a result, these
provisions were removed from the final rule.
$100,000
No
No
No
Yes
No
Uncollected
LuLu Cheng 202 551-3811
No
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:
(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;
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.
Final PRA OMB Supporting Statement Credit Risk Retention.010715.pdf
?_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping