Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003

ICR 201910-3170-003

OMB: 3170-0008

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2019-11-27
Supplementary Document
2019-10-17
Supplementary Document
2019-10-17
Supporting Statement A
2019-11-27
IC Document Collections
IC ID
Document
Title
Status
200106
Modified
ICR Details
3170-0008 201910-3170-003
Active 201601-3170-002
CFPB
Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003
Revision of a currently approved collection   No
Regular
Approved with change 11/27/2019
Retrieve Notice of Action (NOA) 10/17/2019
Supporting statement updated during review.
  Inventory as of this Action Requested Previously Approved
11/30/2022 36 Months From Approved 01/31/2020
135 0 145
1,500,000 0 690,000
1,286,000 0 0

The Home Mortgage Disclosure Act (HMDA) requires certain depository institutions and for-profit nondepository institutions to collect, report, and disclose data about originations and purchases of mortgage loans, as well as mortgage loan applications that do not result in originations (for example, applications that are denied or withdrawn). The Consumer Financial Protection Bureau’s (Bureau) Regulation C, 12 CFR part 1003, implements HMDA. The purpose of the information collection is: (i) to help determine whether financial institutions are serving the housing needs of their communities; (ii) to assist public officials in distributing public-sector investment so as to attract private investment to areas where it is needed; and (iii) to assist in identifying possible discriminatory lending patterns and enforcing antidiscrimination statutes. The information collection will also assist the Bureau’s examiners, and examiners of other federal supervisory agencies, in determining that the financial institutions they supervise comply with applicable provisions of HMDA.

US Code: 12 USC 2801-2810 Name of Law: Home Mortgage Disclosure Act
  
None

3170-AA76 Final or interim final rulemaking 84 FR 57946 10/29/2019

No

1
IC Title Form No. Form Name
HMDA Reporting, Record-keeping and 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 135 145 0 -40 30 0
Annual Time Burden (Hours) 1,500,000 690,000 0 -470,520 1,280,520 0
Annual Cost Burden (Dollars) 1,286,000 0 0 -370,000 1,656,000 0
No
Yes
Changing Regulations
The program changes are a result of the October 2019 final rule that the Bureau has issued pursuant to EGRRCPA in regard to the reporting threshold . The adjustments result from the inclusion of burden for portions of the 2016 final rule which included provisions that were not previously active.

$633,000
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.
10/17/2019


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