Registration of Mortgage Loan Originators

Forms and Documents

Document Name	Status
SPST-0171 - Registration of Mortgage Loan Originators (SAFE Act) - 2022 FINAL.docx Supporting Statement A	2022-03-21
FR2 0171 Registration of Mortgage Loan Originators 87 FR 15992 March 21 2022.pdf Supplementary Document	2022-03-21
FR1 0171 - Registration of Mortgage Loan Originators 87 FR 2155 Jan 13 2022.pdf Supplementary Document	2022-03-21

IC Document Collections

IC ID	Document Title	Status
252293	Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier	New
252292	Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports - Implementation	New
252290	Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance - Implementation	New
252289	Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements - Implementation	New
235847	Mortgage Loan Originator Annual Renewal Registration Reporting and Authorization Requirements	Modified
189226	Mortgage Loan Originator Procedures for Disclosure to Consumers of Unique Identifier	Modified
189225	Financial Institution Procedures for the Collection of Employee Mortgage Loan Originator's Fingerprints	Modified
189223	Mortgage Loan Originator Registration Updates Upon Change in Circumstances	Modified
189222	Mortgage Loan Originator Initial Registration Reporting and Authorization Requirements	Modified
189221	Financial Institution Information Reporting to Registry	Modified
189220	Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier - Ongoing	Modified
189219	Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports - Ongoing	Modified
189218	Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance Ongoing	Modified
189217	Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements - Ongoing	Modified

ICR Details

OMB Control No: 3064-0171	ICR Reference No: 202203-3064-001
Status: Received in OIRA	Previous ICR Reference No: 201904-3064-010
Agency/Subagency: FDIC	Agency Tracking No: 3064-0171
Title: Registration of Mortgage Loan Originators
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/21/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2022
Responses	149,147	277,191
Time Burden (Hours)	174,416	575,653
Cost Burden (Dollars)	0	0

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Abstract: Implements the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requirement that employees of Federally-regulated institutions who engage in the business of a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and establishes national licensing and registration requirements. It also directs Federally-regulated institutions to have written policies and procedures in place to ensure that their employees who perform mortgage loan originations coomply with the registration and other SAFE Act requirements.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 Title X, 1011 Name of Law: Dodd=Frank Wall Street Reform and Consumer Protection Act
   PL: Pub.L. 110 - 289 Title V, 1501, 122 Stat. 2656 Name of Law: S.A.F.E. Mortgage Licensing Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 289 Title V, 1501, 122 Stat. 2656 Name of Law: S.A.F.E. Mortgage Licensing Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 2155	01/13/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 15992	03/21/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 14

IC Title	Form No.	Form Name
Financial Institution Information Reporting to Registry
Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements - Implementation
Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements - Ongoing
Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier
Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier - Ongoing
Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports - Implementation
Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports - Ongoing
Financial Institution Procedures for the Collection of Employee Mortgage Loan Originator's Fingerprints
Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance - Implementation
Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance Ongoing
Mortgage Loan Originator Annual Renewal Registration Reporting and Authorization Requirements
Mortgage Loan Originator Initial Registration Reporting and Authorization Requirements
Mortgage Loan Originator Procedures for Disclosure to Consumers of Unique Identifier
Mortgage Loan Originator Registration Updates Upon Change in Circumstances

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ICR Summary of Burden

	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	149,147	277,191	0	0	-128,044	0
Annual Time Burden (Hours)	174,416	575,653	0	0	-401,237	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/21/2022

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