Notice2022-11148
Agency Information Collection Activities: Comment Request
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
May 24, 2022
Issuing agencies
Consumer Financial Protection Bureau
Abstract
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) requests the extension of the Office of Management and Budget's (OMB's) approval of the existing information collection titled, "Registration of Mortgage Loan Originators (Regulation G)," approved under OMB Control Number 3170-0005.
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 100 (Tuesday, May 24, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 100 (Tuesday, May 24, 2022)]
[Notices]
[Pages 31537-31538]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11148]
-----------------------------------------------------------------------
BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2022-0029]
Agency Information Collection Activities: Comment Request
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA),
the Consumer Financial Protection Bureau (CFPB or Bureau) requests the
extension of the Office of Management and Budget's (OMB's) approval of
the existing information collection titled, ``Registration of Mortgage
Loan Originators (Regulation G),'' approved under OMB Control Number
3170-0005.
DATES: Written comments are encouraged and must be received on or
before June 23, 2022 to be assured of consideration.
ADDRESSES: 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. In general,
all comments received will become public records, including any
personal information provided. Sensitive personal information, such as
account numbers or Social Security numbers, should not be included.
FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of
this information collection request is available at
<a href="http://www.regulations.gov">www.regulations.gov</a>. Requests for additional information should be
directed to Anthony May, Paperwork Reduction Act Officer, at (202) 841-
0544, or email: <a href="/cdn-cgi/l/email-protection#692a2f392b36393b28290a0f190b470e061f"><span class="__cf_email__" data-cfemail="195a5f495b46494b58597a7f697b377e766f">[email protected]</span></a>. If you require this document in an
alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#bffcf9effde0fedcdcdaccccd6ddd6d3d6cbc6ffdcd9cfdd91d8d0c9"><span class="__cf_email__" data-cfemail="4f0c091f0d100e2c2c2a3c3c262d2623263b360f2c293f2d61282039">[email protected]</span></a>. Please do not submit comments to these
email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Registration of Mortgage Loan Originators
(Regulation G).
OMB Control Number: 3170-0005.
Type of review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 261,638.
Estimated Total Annual Burden Hours: 249,628.
Abstract: Regulation G (12 CFR part 1007 et seq.) implements the
Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E.
Act, 12 U.S.C. 5101 et seq.) which contains the Federal registration
requirement with respect to any covered financial institutions and
their employees who act as residential mortgage loan originators
(MLOs). Regulation G
[[Page 31538]]
requires covered institutions to register with the Nationwide Mortgage
Licensing System and Registry, to obtain a unique identifier, to
maintain this registration, and to disclose to consumers the unique
identifier. Regulation G also requires the covered financial
institutions employing these MLOs to adopt and to follow written
policies and procedures ensuring their employees comply with these
requirements and disclose the unique identifiers of their MLOs.
Request for Comments: The Bureau published a 60-day Federal
Register notice on 2/8/2022 (87 FR 7162) under Docket Number: CFPB-
2022-0010. The Bureau is soliciting comments on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the Bureau, including whether the information will
have practical utility; (b) The accuracy of the Bureau's estimate of
the burden of the collection of information, including the validity of
the methods and the 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. Comments submitted in response to this
notice will be submitted to OMB as part of its review of this request.
All comments will become a matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-11148 Filed 5-23-22; 8:45 am]
BILLING CODE 4810-AM-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 24, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.