Registration of Mortgage Loan Originators

ICR 201911-3133-003

OMB: 3133-0181

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-01-27
Supplementary Document
2020-01-27
Supplementary Document
2020-01-27
Supporting Statement A
2020-01-27
IC Document Collections
ICR Details
3133-0181 201911-3133-003
Active 201607-3133-004
NCUA E&I
Registration of Mortgage Loan Originators
Extension without change of a currently approved collection   No
Regular
Approved without change 03/02/2020
Retrieve Notice of Action (NOA) 01/27/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 02/29/2020
154,733 0 132,068
83,965 0 76,204
2,320,770 0 1,993,980

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.

PL: Pub.L. 110 - 289 1501-1517, 122 Stat. 2654 Name of Law: Housing and Economic Recovery Act of 2008
  
None

Not associated with rulemaking

  84 FR 64111 11/20/2019
85 FR 4721 01/27/2020
No

2
IC Title Form No. Form Name
Registration of Mortgage Loan Originators
Registraton of MLO and Policies and Procedures by FCU

  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 154,733 132,068 0 0 22,665 0
Annual Time Burden (Hours) 83,965 76,204 0 0 7,761 0
Annual Cost Burden (Dollars) 2,320,770 1,993,980 0 0 326,790 0
No
No
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.
01/27/2020


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