Recordkeeping Requirements Associated with Real Estate Appraisals and Evaluations

ICR 201804-3064-009

OMB: 3064-0103

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2018-04-12
Supporting Statement A
2018-04-12
IC Document Collections
ICR Details
3064-0103 201804-3064-009
Active 201804-3064-008
FDIC 3064-0103
Recordkeeping Requirements Associated with Real Estate Appraisals and Evaluations
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 05/16/2018
Retrieve Notice of Action (NOA) 04/12/2018
  Inventory as of this Action Requested Previously Approved
04/30/2021 04/30/2021 04/30/2021
525,525 0 527,904
43,794 0 43,992
0 0 0

FIRREA directs the FDIC to prescribe appropriate performance standards for real estate appraisals connected with federally related transactions under its jurisdiction. This information collection is a direct consequence of the statutory requirement. It is designed to provide protection for federal financial and public policy interests by requiring real estate appraisals used in connection with federally related transactions to be performed in writing, in accordance with uniform standards, by an appraiser whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.

PL: Pub.L. 101 - 73 1110 Name of Law: FIRREA
  
None

3064-AE56 Final or interim final rulemaking 83 FR 15019 04/09/2018

No

1
IC Title Form No. Form Name
Recordkeeping Requirements Associated with Real Estate Appraisals and Evaluations

  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 525,525 527,904 0 0 -2,379 0
Annual Time Burden (Hours) 43,794 43,992 0 0 -198 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Jennifer Jones 202 551-5776 jonesjen@sec.gov

  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.
04/12/2018


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