Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Appraisal Complaint Form
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Issuing agencies
Abstract
The Office of the Comptroller of the Currency (OCC) as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on an information collection renewal as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning the renewal of its information collection titled "Interagency Appraisal Complaint Form." The OCC also is giving notice that it has sent the collection to OMB for review.
Full Text
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<title>Federal Register, Volume 87 Issue 88 (Friday, May 6, 2022)</title>
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[Federal Register Volume 87, Number 88 (Friday, May 6, 2022)]
[Notices]
[Pages 27201-27202]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09723]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Interagency Appraisal Complaint
Form
AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).
ACTION: Notice and request for comment.
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SUMMARY: The Office of the Comptroller of the Currency (OCC) as part of
its continuing effort to reduce paperwork and respondent burden,
invites the general public and other Federal agencies to take this
opportunity to comment on an information collection renewal as required
by the Paperwork Reduction Act of 1995. An agency may not conduct or
sponsor, and a respondent is not required to respond to, an information
collection unless it displays a currently valid OMB control number. The
OCC is soliciting comment concerning the renewal of its information
collection titled ``Interagency Appraisal Complaint Form.'' The OCC
also is giving notice that it has sent the collection to OMB for
review.
[[Page 27202]]
DATES: Comments must be received by June 6, 2022.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#067674676f6860694669656528727463677528616970"><span class="__cf_email__" data-cfemail="4d3d3f2c24232b220d222e2e63393f282c3e632a223b">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0314, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0314'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Written comments and recommendations for the proposed information
collection should also 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.
On February 17, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 9103. You may review comments and other
related materials that pertain to this information collection following
the close of the 30-day comment period for this notice by the method
set forth in the next bullet.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' drop-down menu. From the ``Currently
under Review'' drop-down menu, select ``Department of Treasury'' and
then click ``submit.'' This information collection can be located by
searching by OMB control number ``1557-0314'' or ``Interagency
Appraisal Complaint Form.'' Upon finding the appropriate information
collection, click on the related ``ICR Reference Number.'' On the next
screen, select ``View Supporting Statement and Other Documents'' and
then click on the link to any comment listed at the bottom of the
screen.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490, Chief Counsel's Office, Office of the
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
If you are deaf, hard of hearing, or have a speech disability, please
dial 7-1-1 to access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the Office of Management and Budget
(OMB) for each collection of information that they conduct or sponsor.
``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or requirements that members of
the public submit reports, keep records, or provide information to a
third party. The OCC asks that OMB extend its approval of the
collection in this document.
Abstract: Section 1473(p) of the Dodd-Frank Wall Street Reform and
Consumer Protection Act \1\ provides that if the Appraisal Subcommittee
(ASC) of the Federal Financial Institutions Examination Council (FFIEC)
determines, six months after enactment of that section (i.e., January
21, 2011), that no national hotline exists to receive complaints of
non-compliance with appraisal independence standards and Uniform
Standards of Professional Appraisal Practice (USPAP), then the ASC
shall establish and operate such a hotline (ASC Hotline). The ASC
Hotline shall include a toll-free telephone number and an email
address. Section 1473(p) further directs the ASC to refer complaints
received through the ASC Hotline to the appropriate government bodies
for further action, which may include referrals to OCC, the Board of
Governors of the Federal Reserve (Board), the Federal Deposit Insurance
Corporation (FDIC), the National Credit Union Administration (NCUA),
the Bureau of Consumer Financial Protection (CFPB), and state agencies.
The ASC determined that a national appraisal hotline did not exist at a
meeting held on January 12, 2011, and a notice of that determination
was published in the Federal Register on January 28, 2011, (76 FR
5161). As a result, the ASC established a hotline to refer complaints
to appropriate state and Federal regulators.
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\1\ Dodd-Frank Wall Street Reform and Consumer Protection Act
section 1473, Public Law 111-203, 124 Stat. 1376, July 21, 2010; 12
U.S.C. 3351(i).
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Representatives from the OCC, the Board, the FDIC, the NCUA
(Agencies), and the CFPB met and established a process to facilitate
the referral of complaints received through the ASC Hotline to the
appropriate Federal financial institution regulatory agency or
agencies. The Agencies developed the Interagency Appraisal Complaint
Form to collect information necessary to take further action on the
complaint. The CFPB incorporated the process into one of their existing
systems.
The Interagency Appraisal Complaint Form was developed for use by
those who wish to file a formal, written complaint that an entity
subject to the jurisdiction of one or more of the Agencies has failed
to comply with the appraisal independence standards or USPAP. The
Interagency Appraisal Complaint Form is designed to collect information
necessary for the Agencies to take further action on a complaint from
an appraiser, other individual, financial institution, or other
entities. The Agencies use the information to take further action on
the complaint to the extent the complaint relates to an issue within
their jurisdiction.
OMB Control No.: 1557-0314.
Estimated Number of Respondents: 100.
Estimated Burden per Response: 0.5 hours.
Estimated Total Annual Burden: 50 hours.
On February 17, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 9103. No comments were received. Comments
continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimates of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2022-09723 Filed 5-5-22; 8:45 am]
BILLING CODE 4810-33-P
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