60-Day Federal Register Notice

FR1-0171 Registration of Mortgage Loan Originators 80 FR 39777 (10 JUL 2015).pdf

Registration of Mortgage Loan Originators

60-Day Federal Register Notice

OMB: 3064-0171

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Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Notices
needed by the Commission because DBS
providers make up the majority of their
universe of respondents. Since this is
the case, OMB approval is still need for
this collection.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2015–16853 Filed 7–9–15; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0090, 3064–0111, 3064–0136, 3064–
0138 & 3064–0171)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, 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 the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995.
Currently, the FDIC is soliciting
comment on the renewal of the
information collections described
below.

SUMMARY:

Comments must be submitted on
or before September 8, 2015.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://www.FDIC.gov/regulations/
laws/federal/.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Gary A. Kuiper
(202.898.3877), Counsel, John W. Popeo
(202.898.6923), Counsel MB–3007,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.

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DATES:

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Gary
A. Kuiper or John W. Popeo, at the FDIC
address above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currentlyapproved collections of information:
1. Title: Public Disclosure by Banks.
OMB Number: 3064–0090.
Affected Public: Insured state
nonmember banks.
Frequency of Response: Annually.
Estimated Number of Respondents:
4,084.
Estimated Time per Response: 0.5
Total Annual Burden: 2,042 hours.
General Description: 12 CFR part 350
requires a bank to notify the general
public, and in some instances
shareholders, that financial disclosure
statements are available by request.
Required disclosures consist of financial
reports for the current and preceding
year, which can be photocopied directly
from the year-end call reports. The FDIC
may also require, on a case-by-case
basis, that descriptions of enforcement
actions be included in disclosure
statements. This regulation allows, but
does not require, the inclusion of
management discussion and analysis.
2. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks.
Estimated Number of Respondents:
110.
Estimated Time per Response: 8
hours.
Total Annual Burden: 880 hours.
General Description: Section 24 of the
Federal Deposit Insurance Act (FDI Act),
12 U.S.C. 1831a, limits investments and
other activities in which state banks
may engage as principal to those
permissible for national banks and those
approved by the FDIC under procedures
set forth in Part 362 of the FDIC’s Rules
and Regulations, 12 CFR part 362. With
certain exceptions, section 24 of the FDI
Act limits the direct equity investments
of state chartered banks to equity
investments that are permissible for
national banks. In addition, the statute
prohibits an insured state bank from
directly engaging, as a principal, in any
activity that is not permissible for a
national bank, or indirectly through a
subsidiary in an activity that is not
permissible for a subsidiary of a
national bank, unless such bank meets
its minimum capital requirements and
the FDIC determines that the activity
does not pose significant risk to the
Deposit Insurance Fund. The FDIC can
make such a determination for
FOR FURTHER INFORMATION CONTACT:

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exception by regulation or by order. The
FDIC’s implementing regulation for
section 24 is 12 CFR part 362. This
regulation details the activities that
insured state nonmember banks or their
subsidiaries may engage in, under
certain criteria and conditions, and
identifies the information that banks
must furnish to the FDIC in order to
obtain the FDIC’s approval or
nonobjection.
3. Title: Privacy of Consumer
Financial Information.
OMB Number: 3064–0136.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks and consumers.
Estimated Number of Respondents:
Initial notice, 208; annual notice and
change in terms 4,084; opt-out notice,
866; consumer opt-out/status update,
212,432.
Estimated Number of Responses:
217,590.
Total Annual Burden: 162,456 hours.
General Description: The elements of
this collection are required under
section 504 of the Gramm-Leach-Bliley
Act, Public Law 106–102. Thecollection
mandates notice requirements and
restrictions on a financial institution’s
ability to disclose nonpublic personal
information about consumers to
nonaffiliated third parties.
4. Title: Applicant Background
Questionnaire.
OMB Number: 3064–0138.
Form Number: FDIC 2100/14.
Frequency of Response: On occasion.
Affected Public: FDIC job applicants
who are not current FDIC employees.
Estimated Number of Respondents:
30,000.
Estimated Time per Response: 3
minutes.
Total Annual Burden: 1,500 hours.
General Description: The FDIC
Applicant Background Questionnaire is
voluntarily completed by prospective
FDIC job applicants who are not current
employees. Responses to survey
questions provide information regarding
gender, age, disability, race, and
national origin. Additional survey
questions address the applicant’s source
of vacancy announcement information.
Data is used by the FDIC Office of
Minority and Women Inclusion and the
FDIC Human Resources Branch to
evaluate the efficacy of various FDIC
recruitment methods used to ensure that
the agency meets workforce diversity
objectives.
5. Title: Registration of Mortgage Loan
Originators.
OMB Number: 3064–0171.
Total Estimated Annual Burden:
608,867, which is comprised of:

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39778

Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Notices

A. Financial Institution Policies and
Procedures for Ensuring EmployeeMortgage Loan Originator
Compliance with S.A.F.E. Act
Requirements Affected Public.
Affected Public: FDIC-supervised
institutions.
Estimated Number of Respondents:
4,080.
Frequency of Response: Annually.
Estimated Time per Response: 20
hours.
Estimated Annual Burden: 81,600
hours.
B. Financial Institution Procedures to
Track and Monitor Compliance
with S.A.F.E. Act.
Estimated Number of Respondents:
4,080.
Frequency of Response: Annually.
Estimated Time per Response: 60
hours.
Estimated Annual Burden: 244,800
hours.
C. Financial Institution Procedures for
the Collection and Maintenance of
Employee Mortgage Loan
Originators Criminal History
Background Reports.
Affected Public: FDIC-supervised
institutions.
Estimated Number of Respondents:
4,080.
Frequency of Response: Annually.
Estimated Time per Response: 20
hours.
Estimated Annual Burden: 81,600
hours.
D. Financial Institution Procedures for
Public Disclosure of Mortgage Loan
Originator’s Unique Identifier.
Affected Public: FDIC-supervised
institutions.
Estimated Number of Respondents:
4,080.
Frequency of Response: Annually.
Estimated Time per Response: 25
hours.
Estimated Annual Burden: 102,000
hours.
E. Financial Institution Information
Reporting to Registry.
Affected Public: FDIC-supervised
institutions.
Estimated Number of Respondents:
4,080.
Frequency of Response: Annually.
Estimated Time per Response: 15
minutes.
Estimated Annual Burden: 1,020
hours.
F. Financial Institution Procedures for
the Collection of Employee
Mortgage Loan Originator’s
Fingerprints.
Affected Public: FDIC-supervised
institutions.
Estimated Number of Respondents:
4,080.

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Frequency of Response: Annually.
Estimated Time per Response: 4
hours.
Estimated Annual Burden: 16,320
hours.
G. Mortgage Loan Originator Initial and
Annual Renewal Registration
Reporting and Authorization
Requirements.
Affected Public: Employee Mortgage
Loan Originators.
Estimated Number of Respondents:
59,592.
Frequency of Response: Annually.
Estimated Time per Response: 15
minutes.
Estimated Annual Burden: 14,898
hours.
H. Mortgage Loan Originator
Registration Updates Upon Change
in Circumstances.
Affected Public: Employee Mortgage
Loan Originators.
Estimated Number of Respondents:
29,646.
Frequency of Response: On occasion.
Estimated Time per Response: 15
minutes.
Estimated Annual Burden: 7,412
hours.
I. Mortgage Loan Originator Procedures
for Disclosure to Consumers of
Unique Identifier.
Affected Public: Employee Mortgage
Loan Originators.
Estimated Number of Respondents:
59,292.
Frequency of Response: Annually.
Estimated Time per Response: 1 hour.
Estimated Annual Burden: 59,292
hours.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the collections of information,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.

FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Notice; Amendment
Board of Governors of the
Federal Reserve System.

AGENCY:

On June 29, 2015, the Board
published a notice of final approval of
proposed information collections by the
Board of Governors of the Federal
Reserve System (Board) under OMB
delegated authority. The Board did not
include in the June 2015 notice
information related to the public
comment period. Accordingly, this
notice supplements the June 2015 notice
providing information related to the
public comment period for
transparency.

SUMMARY:

FOR FURTHER INFORMATION CONTACT:

Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
The
following information was not included
in the June 2015 notice.
On April 14, 2015, the Federal
Reserve published a notice in the
Federal Register (80 FR 19986)
requesting public comment for 60 days
on the extension, without revision, of
the Requirements Associated with
Changes in Foreign Investments (Made
Pursuant to Regulation K (FR 2064)),
Microeconomic Survey (FR 3051), and
Recordkeeping and Disclosure
Provisions associated with Stress
Testing Guidance. The comment period
for this notice expired on June 15, 2015.
The Federal Reserve did not receive any
comments.

SUPPLEMENTARY INFORMATION:

Board of Governors of the Federal Reserve
System, July 1, 2015.
Robert de V. Frierson,
Secretary of the Board.
[FR Doc. 2015–16719 Filed 7–9–15; 8:45 am]
BILLING CODE 6210–01–P

Dated at Washington, DC, this 7th day of
July 2015.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015–16910 Filed 7–9–15; 8:45 am]
BILLING CODE 6714–01–P

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