Notice2024-25040
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
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
October 29, 2024
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Consumer Financial Protection Bureau's (CFPB) Home Mortgage Disclosure Act (HMDA) Loan/Application Register Required by Regulation C (FR HMDA LAR; OMB No. 7100-0247).
Full Text
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<title>Federal Register, Volume 89 Issue 209 (Tuesday, October 29, 2024)</title>
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[Federal Register Volume 89, Number 209 (Tuesday, October 29, 2024)]
[Notices]
[Pages 85969-85970]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-25040]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
Reporting, Recordkeeping, and Disclosure
[[Page 85970]]
Requirements Associated with the Consumer Financial Protection Bureau's
(CFPB) Home Mortgage Disclosure Act (HMDA) Loan/Application Register
Required by Regulation C (FR HMDA LAR; OMB No. 7100-0247).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, <a href="/cdn-cgi/l/email-protection#4729322f2669222b2a26202f3526252e0721352569202831"><span class="__cf_email__" data-cfemail="3f514a575e115a53525e58574d5e5d567f594d5d11585049">[email protected]</span></a>, (202)
452-3884.
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements (which contain more detailed
information about the information collections and burden estimates than
this notice), and approved collection of information instrument(s) are
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents
are also available on the Federal Reserve Board's public website at
<a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> or may
be requested from the agency clearance officer, whose name appears
above. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR
HMDA LAR.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Collection title: Reporting, Recordkeeping, and Disclosure
Requirements Associated with the CFPB's Home Mortgage Disclosure Act
Loan/Application Register Required by Regulation C.
Collection identifier: FR HMDA LAR.
OMB control number: 7100-0247.
General description of collection: The HMDA was enacted in 1975 and
is implemented by Regulation C. Generally, the HMDA requires certain
depository and non-depository institutions that make certain mortgage
loans to collect, report, and disclose data about originations and
purchases of mortgage loans, as well as loan applications that do not
result in originations (for example, applications that are denied or
withdrawn).
The FR HMDA LAR is the Board's information collection associated
with the CFPB's Regulation C. The FR HMDA LAR is used to (1) help
determine whether financial institutions are serving the housing needs
of their communities, (2) assist public officials in distributing
public-sector investments so as to attract private investment to areas
where it is needed, and (3) assist in identifying possible
discriminatory lending patterns and enforcing anti-discrimination
statutes.
Frequency: Quarterly and annually.
Respondents: Except those that are supervised by the CFPB: state
member banks, their subsidiaries, subsidiaries of bank holding
companies, subsidiaries of savings and loan holding companies, U.S.
branches and agencies of foreign banks (other than federal branches,
federal agencies, and insured state branches of foreign banks),
commercial lending companies owned or controlled by foreign banks, and
organizations operating under section 25 or 25A of the Federal Reserve
Act (12 U.S.C. 601-604a; 611-631).
Total estimated number of respondents: 654.
Total estimated annual burden hours: 960,235.
Current actions: On June 7, 2024, the Board published a notice in
the Federal Register (89 FR 48636) requesting public comment for 60
days on the extension, without revision, of the FR HMDA LAR. The
comment period for this notice expired on August 6, 2024. The Board did
not receive any comments.
Board of Governors of the Federal Reserve System, October 23,
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-25040 Filed 10-28-24; 8:45 am]
BILLING CODE 6210-01-P
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