Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024

ICR 201810-3170-001

OMB: 3170-0016

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2018-10-02
Supplementary Document
2018-10-02
Justification for No Material/Nonsubstantive Change
2018-10-02
Supporting Statement A
2014-01-13
IC Document Collections
IC ID
Document
Title
Status
209502
Modified
ICR Details
3170-0016 201810-3170-001
Historical Active 201510-3170-003
CFPB
Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 10/19/2018
Retrieve Notice of Action (NOA) 10/02/2018
  Inventory as of this Action Requested Previously Approved
10/31/2018 10/31/2018 10/31/2018
25,026,566 0 122,400
7,683,928 0 6,387,350
7,532,623 0 0

Regulation X, which implements the Real Estate Settlement Procedures Act (RESPA), ensures that consumers are provided with more helpful information about the cost of the mortgage settlement and protected from unnecessarily high settlement charges caused by certain abusive practices. Regulation X contains information collections in the form of third party disclosures and recordkeeping requirements. This collection also contains recordkeeping requirements.

US Code: 12 USC 1601 Name of Law: Real Estate Settlement Procedures Act
  
None

3170-AA19 Final or interim final rulemaking 80 FR 43911 07/24/2015

No

1
IC Title Form No. Form Name
Regulation X Disclosure Requirements

  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 25,026,566 122,400 0 0 24,904,166 0
Annual Time Burden (Hours) 7,683,928 6,387,350 0 0 1,296,578 0
Annual Cost Burden (Dollars) 7,532,623 0 0 0 7,532,623 0
No
No
Transferring information collections and associated burdens from OMB numbers 3170-0025 and 3170-0027 so that all the burdens for the information collections contained in Regulation X are under one OMB number.

$0
No
    No
    No
No
Yes
No
Uncollected
Darrin King 202-693-4129 King.Darrin@dol.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.
10/02/2018


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