Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Notice and request for comment.
Citation: "87 FR 2155"
Document Number: "OMB No. 3064-0145; -0161; -0171"
Page Number: "2155"
"Notices"
Agency: "
SUMMARY: The
DATES: Comments must be submitted on or before
ADDRESSES: Interested parties are invited to submit written comments to the
* Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/index.html.
* Email: comments@fdic.gov. Include the name and number of the collection in the subject line of the message.
* Mail:
* Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the
All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information:
1. Title: Notice Regarding Unauthorized Access to Customer Information.
OMB Number: 3064-0145.
Form Numbers: None.
Affected Public: Insured state nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burden Information collection Type of burden Frequency of Number of Hours per Annual burden description (obligation to respond) response respondents response (hours) Implementation (One Time) Develop Policies and Procedures Recordkeeping (Required) 1 10 24 240 for Response Program Ongoing Notice Regarding Unauthorized Third Party Disclosure On occasion 315 36 11,340 Access to Customer Information (Required) Total Annual Burden (Hours) 11,580 Source: FDIC.
General Description of Collection: The Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice describes the federal banking agencies' expectations regarding a response program, including customer notification procedures, that a financial institution should develop and apply under the circumstances described in the Guidance to address unauthorized access to or use of customer information that could result in substantial harm or inconvenience to a customer. The Guidance advises financial institutions when and how they might: (1) Develop notices to customers; (2) in certain circumstances defined in the Guidance, determine which customers should receive the notices; and (3) send the notices to customers.
There is no change in the methodology or substance of this information collection. The increase in total estimated annual burden from 11,340 hours in 2019 to 11,580 hours currently is due to economic factors as reflected in the increase in estimated number of respondents.
2. Title: Furnisher Information Accuracy and Integrity (FACTA 312).
OMB Number: 3064-0161.
Form Number: None.
Affected Public: State nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burden Information collection Type of burden Number of Number of Hours per Annual burden description (obligation to respond) responses respondents response (hours) Procedures to Enhance the Recordkeeping (Required) 1 3,140 40 125,600 Accuracy and Integrity of Information furnished to Consumer Reporting Agencies under Section 312 of the Fair and Accurate Credit Transaction Act Distribution of Notices in Third Party Disclosure 46 3,140 0.23 33,221 Response to Direct Disputes (Required) Total Annual Burden (Hours) 158,821
General Description of Collection: Sec. 312 of the Fair and Accurate Credit Transaction Act of 2003 (FACT Act) requires the
There is no change in the method or substance of the collection. The overall increase in burden hours is the result of economic fluctuation. In particular, the number of respondents has increased while the hours per response and frequency of responses have remained the same.
3. Title: Registration of Mortgage Loan Originators.
OMB Number: 3064-0171.
Form Number: None.
Affected Public: FDIC Supervised Institutions and Employee Mortgage Loan Originators.
Burden Estimate:
Summary of Estimated Annual Burden
Information collection Type of Frequency of Estimated Estimated Estimated Estimated
description burden response number of number of time per annual burden
respondents responses per response (hours)
respondent (hours)
Financial Institution Recordkeeping One-Time 7 1 20 140
Policies and Procedures for
Ensuring Employee-Mortgage
Loan Originator Compliance
With S.A.F.E . Act
Requirements-New Entrant
Financial Institution Recordkeeping Annual 3,091 1 1 3,091
Policies and Procedures for
Ensuring Employee-Mortgage
Loan Originator Compliance
With S.A.F.E . Act
Requirements-Ongoing
Financial Institution Recordkeeping One-Time 7 1 60 420
Procedures to Track and
Monitor Compliance with
S.A.F.E . Act
Compliance-New Entrant
Financial Institution Recordkeeping Annual 3,091 1 1 3,091
Procedures to Track and
Monitor Compliance with
S.A.F.E . Act
Compliance-Ongoing
Financial Institution Recordkeeping One-Time 7 1 20 140
Procedures for the
Collection and Maintenance
of Employee Mortgage Loan
Originator's Criminal
History Background
Reports-New Entrant
Financial Institution Recordkeeping Annual 3,091 1 1 3,091
Procedures for the
Collection and Maintenance
of Employee Mortgage Loan
Originator's Criminal
History Background
Reports-Ongoing
Financial Institution Third Party Disclosure One-Time 7 1 25 175
Procedures for Public
Disclosure of Mortgage Loan
Originator's Unique
Identifier-New Entrant
Financial Institution Third Party Disclosure Annual 3,091 1 1 3,091
Procedures for Public
Disclosure of Mortgage Loan
Originator's Unique
Identifier-Ongoing
Financial Institution Reporting On Occasion 3,098 1 1 3,098
Information Reporting to
Registry
Mortgage Loan Originator Reporting One-Time 5,257 1 .25 1,314
Initial Registration
Reporting and Authorization
Requirements
Mortgage Loan Originator Reporting On Occasion 40,015 1 .25 10,004
Registration Updates Upon
Change in Circumstances
Financial Institution Recordkeeping On Occasion 3,098 1 4 12,392
Procedures for the
Collection of Employee
Mortgage Loan Originator's
Fingerprints
Mortgage Loan Originator Third Party Disclosure On Occasion 45,272 1 1 45,272
Procedures for Disclosure
to Consumers of Unique
Identifier
Mortgage Loan Originator Reporting On Occasion 40,015 1 .25 10,004
Annual Renewal Registration
Reporting and Authorization
Requirements
Total Annual Burden 95,323
General Description of Collection: This information collection 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 comply with the registration and other SAFE Act requirements.
There is no change in the method or substance of the collection. The overall decrease in burden hours is the result of economic fluctuation. In particular, the number of respondents and time per response have decreased while the frequency of responses have remained the same.
Request for Comment
Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the
Dated at
Assistant Executive Secretary.
[FR Doc. 2022-00574 Filed 1-12-22;
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