Notice2022-11894
Proposed Collection; 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
June 3, 2022
Issuing agencies
Federal Housing Finance Agency
Abstract
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the Agency) is seeking public comments concerning a previously approved information collection known as "Advances to Housing Associates," which has been assigned control number 2590-0001 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a three-year extension of the control number, which is due to expire on June 30, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 107 (Friday, June 3, 2022)</title>
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[Federal Register Volume 87, Number 107 (Friday, June 3, 2022)]
[Notices]
[Pages 33787-33788]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11894]
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FEDERAL HOUSING FINANCE AGENCY
[No. 2022-N-7]
Proposed Collection; Comment Request
AGENCY: Federal Housing Finance Agency.
ACTION: 30-Day notice of submission of information collection for
approval from Office of Management and Budget.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the
Agency) is seeking public comments concerning a previously approved
information collection known as ``Advances to Housing Associates,''
which has been assigned control number 2590-0001 by the Office of
Management and Budget (OMB). FHFA intends to submit the information
collection to OMB for review and approval of a three-year extension of
the control number, which is due to expire on June 30, 2022.
DATES: Interested persons may submit comments on or before July 5,
2022.
ADDRESSES: Submit comments to the Office of Information and Regulatory
Affairs of the Office of Management and Budget, Attention: Desk Officer
for the Federal Housing Finance Agency, Washington, DC 20503, Fax:
(202) 395-3047, email: <a href="/cdn-cgi/l/email-protection#155a5c47544a666077787c66667c7a7b557a78773b707a653b727a63"><span class="__cf_email__" data-cfemail="e6a9afb4a7b99593848b8f95958f8988a6898b84c8838996c8818990">[email protected]</span></a>. Please also submit
comments to FHFA, identified by ``Proposed Collection; Comment Request:
`Advances to Housing Associates, (No. 2022-N-7)' '' by any of the
following methods:
<bullet> Agency Website: <a href="http://www.fhfa.gov/open-for-comment-or-input">www.fhfa.gov/open-for-comment-or-input</a>.
<bullet> Federal eRulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>.
Follow the instructions for submitting comments. If you submit your
comment to the Federal eRulemaking Portal, please also send it by email
to FHFA at <a href="/cdn-cgi/l/email-protection#8ad8efedc9e5e7e7efe4fef9caece2eceba4ede5fc"><span class="__cf_email__" data-cfemail="b3e1d6d4f0dcdeded6ddc7c0f3d5dbd5d29dd4dcc5">[email protected]</span></a> to ensure timely receipt by the agency.
<bullet> Mail/Hand Delivery: Federal Housing Finance Agency, Office
of General Counsel, 400 Seventh Street SW, Washington, DC 20219,
ATTENTION: Proposed Collection; Comment Request: ``Advances to Housing
Associates, (No. 2022-N-7)''.
We will post all public comments we receive without change,
including any personal information you provide, such as your name and
address, email address, and telephone number, on the FHFA website at
<a href="http://www.fhfa.gov">http://www.fhfa.gov</a>.
Copies of all comments received will be available for examination
by the public through the electronic comment docket for this PRA Notice
also located on the FHFA website.
FOR FURTHER INFORMATION CONTACT: James Hedrick, Senior Financial
Analyst, by email at <a href="/cdn-cgi/l/email-protection#2c664d41495f026449485e454f476c6a646a6d024b435a"><span class="__cf_email__" data-cfemail="3379525e56401d7b5657415a505873757b75721d545c45">[email protected]</span></a>, by telephone at (202) 649-
3319, or Angela Supervielle, Counsel,
[[Page 33788]]
<a href="/cdn-cgi/l/email-protection#33725d54565f521d6046435641455a565f5f5673555b55521d545c45"><span class="__cf_email__" data-cfemail="13527d74767f723d4066637661657a767f7f7653757b75723d747c65">[email protected]</span></a>, (202) 649-3973 (these are not toll-free
numbers); Federal Housing Finance Agency, 400 Seventh Street SW,
Washington, DC 20219. For TTY/TRS users with hearing and speech
disabilities, dial 711 and ask to be connected to any of the contact
numbers above.
SUPPLEMENTARY INFORMATION:
A. Need For and Use of the Information Collection
Section 10b of the Federal Home Loan Bank Act (Bank Act)
establishes the requirements for making Federal Home Loan Bank (Bank)
advances (secured loans) to nonmember mortgagees, which are referred to
as ``Housing Associates'' in FHFA's regulations.\1\ Section 10b also
establishes the eligibility requirements an applicant must meet in
order to be certified as a Housing Associate.
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\1\ See 12 U.S.C. 1430b; 12 CFR 1264.3.
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Part 1264 of FHFA's regulations implements the statutory
eligibility requirements and establishes uniform review criteria the
Banks must use in evaluating applications from entities that wish to be
certified as a Housing Associate. Specifically, Sec. 1264.4 implements
the statutory eligibility requirements and provides guidance to an
applicant on how it may satisfy those requirements.\2\ Section 1264.5
authorizes the Banks to approve or deny all applications for
certification as a Housing Associate, subject to the statutory and
regulatory requirements.\3\ Section 1264.6 permits an applicant that
has been denied certification by a Bank to appeal that decision to
FHFA.\4\
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\2\ See 12 CFR 1264.4.
\3\ See 12 CFR 1264.5.
\4\ See 12 CFR 1264.6.
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In part 1266 of FHFA's regulations, subpart B governs Bank advances
to Housing Associates that have been approved under part 1264. Section
1266.17 establishes the terms and conditions under which a Bank may
make advances to Housing Associates.\5\ Specifically, Sec. 1266.17(e)
imposes a continuing obligation on each certified Housing Associate to
provide information necessary for the Bank to determine if it remains
in compliance with applicable statutory and regulatory requirements, as
set forth in part 1264.
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\5\ See 12 CFR 1266.17.
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The OMB control number for the information collection, which
expires on June 30, 2022, is 2590-0001. The likely respondents include
entities applying to be certified as a Housing Associate and current
Housing Associates.
B. Burden Estimates
FHFA estimates the total annualized hour burden imposed upon
respondents by this information collection to be 314 hours (14 hours
for applicants + 300 hours for current Housing Associates), based on
the following calculations:
I. Applicants
FHFA estimates that the total annual average number of entities
applying to be certified as a Housing Associate over the next three
years will be one, with one response per applicant. The estimate for
the average hours per application is 14 hours. Therefore, the estimate
for the total annual hour burden for all applicants is 14 hours (1
applicant x 1 response per applicant x 14 hours = 14 hours).
II. Current Housing Associates
FHFA estimates that the total annual average number of existing
Housing Associates over the next three years will be 75, with one
response per Housing Associate required to comply with the regulatory
reporting requirements. The estimate for the average hours per response
is 4 hours. Therefore, the estimate for the total annual hour burden
for current Housing Associates is 300 hours (75 certified Housing
Associates x 1 response per associate x 4 hours = 300 hours).
C. Comments Request
In accordance with the requirements of 5 CFR 1320.8(d), FHFA
published an initial notice and request for public comments regarding
this information collection in the Federal Register on March 3,
2022.\6\ The 60-day comment period closed on May 2, 2022. FHFA received
no comments.
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\6\ See 87 FR 12168 (March 3, 2022).
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FHFA requests written comments on the following: (1) Whether the
collection of information is necessary for the proper performance of
FHFA functions, including whether the information has practical
utility; (2) the accuracy of FHFA's estimates of the burdens of the
collection of information; (3) ways to enhance the quality, utility,
and clarity of the information collected; and (4) 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.
Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance Agency.
[FR Doc. 2022-11894 Filed 6-2-22; 8:45 am]
BILLING CODE 8070-01-P
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