Notice2022-05803
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request [OMB No. 3064-0145; -0161; -0171]
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 21, 2022
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0145; -0161 and -0171). The notice of the proposed renewal for these information collections was previously published in the Federal Register on January 13, 2022, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 87 Issue 54 (Monday, March 21, 2022)</title>
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[Federal Register Volume 87, Number 54 (Monday, March 21, 2022)]
[Notices]
[Pages 15992-15994]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-05803]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request [OMB No. 3064-0145; -0161; -0171]
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Agency Information Collection Activities: Submission for OMB
Review; Comment Request.
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SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995, invites the general public and other Federal
agencies to take this opportunity to comment on the request to renew
the existing information collections described below (OMB Control No.
3064-0145; -0161 and -0171). The notice of the proposed renewal for
these information collections was previously published in the Federal
Register on January 13, 2022, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before April 20, 2022.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/index.html">https://www.fdic.gov/resources/regulations/federal-register-publications/index.html</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#c0a3afadada5aeb4b380a6a4a9a3eea7afb6"><span class="__cf_email__" data-cfemail="20434f4d4d454e545360464449430e474f56">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F Street
NW), on business days between 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#bfd2dcdedddac5deffd9dbd6dc91d8d0c9"><span class="__cf_email__" data-cfemail="8de0eeecefe8f7eccdebe9e4eea3eae2fb">[email protected]</span></a>, MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
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.
Summary of Estimated Annual Burden
[OMB No. 3064-0145]
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Type of burden (obligation Number of Hours per Annual burden
Information collection description to respond) Frequency of response respondents response (hours)
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Implementation (One Time):
Develop Policies and Procedures for Recordkeeping (Required).... 1.............................. 10 24 240
Response Program.
Ongoing:
Notice Regarding Unauthorized Access Third Party Disclosure On occasion.................... 315 36 11,340
to Customer Information. (Required).
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Total Annual Burden (Hours)...... ............................ ............................... .............. .............. 11,580
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Source: FDIC.
Burden Estimate:
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:
[[Page 15993]]
Summary of Estimated Annual Burden
[OMB No. 3064-0161]
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Type of burden
Information collection (obligation to Number of Number of Hours per Annual burden
description respond) responses respondents response (hours)
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Procedures to Enhance the Recordkeeping 1 3,140 40 125,600
Accuracy and Integrity of (Required).
Information furnished to
Consumer Reporting Agencies
under Section 312 of the Fair
and Accurate Credit
Transaction Act.
Distribution of Notices in Third Party 46 3,140 0.23 33,221
Response to Direct Disputes. Disclosure
(Required).
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Total Annual Burden ................ .............. .............. .............. 158,821
(Hours).
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General Description of Collection: Sec. 312 of the Fair and
Accurate Credit Transaction Act of 2003 (FACT Act) requires the FDIC
to: Issue guidelines for furnishers regarding the accuracy and
integrity of the information about consumers furnished to consumer
reporting agencies; prescribe regulations requiring furnishers to
establish reasonable policies/procedures to implement the guidelines;
and issue regulations identifying the circumstances where a furnisher
must reinvestigate a dispute about the accuracy of information in a
consumer report based on a direct request from a consumer.
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
[OMB No. 3064-0171]
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Estimated Estimated
Estimated number of time per Estimated
Information collection description Type of burden Frequency of response number of responses per response annual burden
respondents respondent (hours) (hours)
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Financial Institution Policies and Recordkeeping........... One-Time............... 7 1 20 140
Procedures for Ensuring Employee-
Mortgage Loan Originator Compliance
With S.A.F.E. Act Requirements--New
Entrant.
Financial Institution Policies and Recordkeeping........... Annual................. 3,091 1 1 3,091
Procedures for Ensuring Employee-
Mortgage Loan Originator Compliance
With S.A.F.E. Act Requirements--
Ongoing.
Financial Institution Procedures to Recordkeeping........... One-Time............... 7 1 60 420
Track and Monitor Compliance with
S.A.F.E. Act Compliance--New Entrant.
Financial Institution Procedures to Recordkeeping........... Annual................. 3,091 1 1 3,091
Track and Monitor Compliance with
S.A.F.E. Act Compliance--Ongoing.
Financial Institution Procedures for Recordkeeping........... One-Time............... 7 1 20 140
the Collection and Maintenance of
Employee Mortgage Loan Originator's
Criminal History Background Reports--
New Entrant.
Financial Institution Procedures for Recordkeeping........... Annual................. 3,091 1 1 3,091
the Collection and Maintenance of
Employee Mortgage Loan Originator's
Criminal History Background Reports--
Ongoing.
Financial Institution Procedures for Third Party Disclosure.. One-Time............... 7 1 25 175
Public Disclosure of Mortgage Loan
Originator's Unique Identifier--New
Entrant.
Financial Institution Procedures for Third Party Disclosure.. Annual................. 3,091 1 1 3,091
Public Disclosure of Mortgage Loan
Originator's Unique Identifier--
Ongoing.
[[Page 15994]]
Financial Institution Information Reporting............... On Occasion............ 3,098 1 1 3,098
Reporting to Registry.
Mortgage Loan Originator Initial Reporting............... One-Time............... 5,257 1 .25 1,314
Registration Reporting and
Authorization Requirements.
Mortgage Loan Originator Registration Reporting............... On Occasion............ 40,015 1 .25 10,004
Updates Upon Change in Circumstances.
Financial Institution Procedures for Recordkeeping........... On Occasion............ 3,098 1 4 12,392
the Collection of Employee Mortgage
Loan Originator's Fingerprints.
Mortgage Loan Originator Procedures Third Party Disclosure.. On Occasion............ 45,272 1 1 45,272
for Disclosure to Consumers of
Unique Identifier.
Mortgage Loan Originator Annual Reporting............... On Occasion............ 40,015 1 .25 10,004
Renewal Registration Reporting and
Authorization Requirements.
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Total Annual Burden.............. ........................ ....................... .............. .............. .............. 95,323
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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 FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on March 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-05803 Filed 3-18-22; 8:45 am]
BILLING CODE 6714-01-P
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