The S.A.F.E. Act (12 U.S.C. 5101-5116)
requires an employee of an institution regulated by a Federal
banking agency who engages in the business of a residential
mortgage loan originator to register with the Nationwide Mortgage
Licensing System and Registry and obtain a unique identifier. Under
CFPB regulations at 12 CFR part 1007, agency-regulated institutions
must require their employees who act as residential mortgage loan
originators to comply with the requirements to register and obtain
a unique identifier and adopt and follow written policies and
procedures.
An increase 7,761 burden hours
is an adjustment to reflect the current number of respondent. A
total of 83,965 burden hours is requested.
$0
No
No
No
No
Yes
No
Uncollected
Lou Pham 703 548-2745
lpham@ncua.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.