Recordkeeping, Disclosure and Reporting Requirements in Connection with Regulation Z (Truth in Lending)

ICR 202102-3064-008

OMB: 3064-0082

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-05-24
Supplementary Document
2021-05-24
Supplementary Document
2021-05-24
IC Document Collections
IC ID
Document
Title
Status
229367
Modified
229366
Modified
229365
Modified
229364
Modified
229363
Modified
229362
Modified
229361
Modified
229360
Modified
229353
Modified
229352
Modified
229351
Modified
229350
Modified
229348
Modified
229347
Modified
229346
Modified
229345
Modified
229344
Modified
229343
Modified
229342
Modified
229341
Modified
229340
Modified
229339
Modified
229338
Modified
229337
Modified
229336
Modified
229335
Modified
229334
Modified
229333
Modified
229332
Modified
229331
Modified
229329
Modified
229328
Modified
229327
Modified
229326
Modified
229325
Modified
229324
Modified
229323
Modified
229322
Modified
229321
Modified
229320
Modified
229319
Modified
229318
Modified
229317
Modified
229316
Modified
229315
Modified
229314
Modified
ICR Details
3064-0082 202102-3064-008
Received in OIRA 201709-3064-008
FDIC
Recordkeeping, Disclosure and Reporting Requirements in Connection with Regulation Z (Truth in Lending)
Extension without change of a currently approved collection   No
Regular 05/24/2021
  Requested Previously Approved
36 Months From Approved 05/31/2021
5,022,995 14,642,857
2,031,604 2,395,630
0 0

Consumer Financial Protection Bureau (CFPB) Regulation Z - 12 CFR 1026 implements the Truth in Lending Act (15 U.S.C. 1601, et seq.) and certain provisions of the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). This regulation prescribes uniform methods for computing the cost of credit, the disclosure of credit terms and costs, the resolution of errors and imposes various other recordkeeping, reporting and disclosure requirements. The FDIC has enforcement authority on the requirements of the CFPB’s Regulation over the financial institutions it supervises. This information collection captures the recordkeeping, reporting and disclosure burdens of Regulation Z on FDIC-supervised institutions.

US Code: 15 USC 1607 Name of Law: Truth-in-Lending Act
  
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

Not associated with rulemaking

  86 FR 11771 02/25/2021
86 FR 27596 05/21/2021
No

46
IC Title Form No. Form Name
ARM's Rate Adjustments with Payment Change Disclosures (Closed-End Mortgages)
Ability to Pay - Implement Written Policies and Procedures (One Time)
Ability to Pay Determination (Credit and Charge Cards)
Ability to Pay Requirements (Closed-End Mortgages)
Account Opening Disclosures
Account Opening Disclosures (HELOC's)
Advertising Rules Closed-End Credit
Advertising Rules Open-End Credit
Alternative Summary Statement of Billing Rights (HELOC's)
Alternative Summary Statement of Billing Rights (Open-End Credit Not Home-Secured)
Annual Statement of Billing Rights (HELOC's)
Annual Statement of Billing Rights (Open-End Credit Not Home-Secured)
Application Disclosures (HELOC's)
Application and Consummation Closing Disclosure (Closed-End Mortgages)
Application and Consummation Loan Estimate (Closed-End Mortgages)
Application and Solicitation Disclosures (Private Education Loans)
Approval Disclosures (Private Education Loans)
Change in Terms Disclosures (HELOC's)
Change in Terms Disclosures (Open-End Credit Not Home-Secured)
College Student Credit Annual Report (Credit and Charge Cards)
Credit and Charge Card Applications and Solicitations
Error Resolution (Open-End Credit)
Escrow Cancellation Notice (Closed-End Mortgages)
Evidence of Compliance - Record Retention
Final Disclosures (Private Education Loans)
General Disclosures (Closed-End Credit)
HOEPA Disclosures and Notice
Individual Credit Card Agreements (Credit and Charge Cards)
Initial Rate Adjustment Disclosure for ARM's (Closed-End Mortgages)
Internet Posting of Credit Card Agreements (Credit and Charge Cards)
No Guaranty to Refinance Statement (Closed-End Mortgages)
Notice of Sale or Transfer (All Mortgage Products)
Notice to Restrict Credit (HELOC's)
Payoff Statements (All Mortgage Products)
Periodic Statements (Closed-End Mortgages)
Periodic Statements (HELOC's)
Periodic Statements (Open-End Credit Not Home-Secured)
Post-Consummation Interest Rate and Payment Summary (Closed-End Mortgages)
Prepayment Penalties (Closed-End Mortgages)
Record Retention of Disclosures (Closed-End Mortgages)
Reporting Appraiser Noncompliance (All Mortgage Products)
Reverse Mortgage Disclosures
Submission of Credit Card Agreements (Credit and Charge Cards)
Timely Settlement of Estate Debts (Credit and Charge Cards)
Timely Settlement of Estate Debts - Implement Written Policies and Procedures (One Time)
Valuation Independence - Implement Written Policies and Procedures (One Time)

  Total Request 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 5,022,995 14,642,857 0 0 -9,619,862 0
Annual Time Burden (Hours) 2,031,604 2,395,630 0 0 -364,026 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
Yes
No
No
Manuel Cabeza 202 898-3781 mcabeza@fdic.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.
05/24/2021


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