Notice2025-16417
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Regulation C-Home Mortgage Disclosure
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
August 27, 2025
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Regulation C--Home Mortgage Disclosure." 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 90 Issue 164 (Wednesday, August 27, 2025)</title>
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[Federal Register Volume 90, Number 164 (Wednesday, August 27, 2025)]
[Notices]
[Pages 41866-41868]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16417]
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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; Regulation C--Home Mortgage
Disclosure
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget
[[Page 41867]]
(OMB) control number. The OCC is soliciting comment concerning the
renewal of its information collection titled, ``Regulation C--Home
Mortgage Disclosure.'' The OCC also is giving notice that it has sent
the collection to OMB for review.
DATES: Comments must be received by September 26, 2025.
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#037371626a6d656c436c60602d77716662702d646c75"><span class="__cf_email__" data-cfemail="522220333b3c343d123d31317c26203733217c353d24">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0345, 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) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0345'' 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>. You can find this
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
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'' from the 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 OMB control number ``1557-0345'' or
``Regulation C--Home Mortgage Disclosure.'' 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, 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 et seq.),
Federal agencies must obtain approval from the 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 the OMB to extend its approval of the collection in this
notice.
Title: Regulation C--Home Mortgage Disclosure.
OMB Control No.: 1557-0345.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: The Consumer Financial Protection Bureau's (CFPB),
Regulation C,\1\ which implements the Home Mortgage Disclosure Act
(HMDA) \2\ 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 data
about loan applications that do not result in originations. HMDA's
purpose is to provide the citizens and public officials of the United
States with sufficient information to enable them to determine whether
depository institutions are filling their obligations to serve the
housing needs of the communities and neighborhoods in which they are
located and to assist public officials in distributing public-sector
investments in a manner designed to improve the private investment
environment.\3\
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\1\ 12 CFR part 1003.
\2\ 12 U.S.C. 2801 et. seq.
\3\ 12 U.S.C. 2801(b).
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Twelve CFR 1003.5 requires the disclosure and reporting of data on
mortgage loans. Section 1003.5(a)(1)(i) provides that by March 1
following the calendar year for which data are collected and recorded,
a financial institution must submit its annual loan/application
register in electronic format to the appropriate Federal agency at the
address identified by such agency. An authorized representative of the
financial institution with knowledge of the data submitted must certify
to the accuracy and completeness of data submitted. The financial
institution must retain a copy of its annual loan/application register
for at least three years.
Section 1003.5(a)(1)(ii) provides that within 60 calendar days
after the end of each calendar quarter except the fourth quarter, a
financial institution that reported for the preceding calendar year at
least 60,000 covered loans and applications, combined, excluding
purchased covered loans, must submit to the appropriate Federal agency
its loan/application register containing all data required to be
recorded for that quarter. The financial institution must submit its
quarterly loan/application register in electronic format at the address
identified by the appropriate Federal agency for the institution.
Under section 1003.5(a)(2), a financial institution that is a
subsidiary of a bank or savings association must complete a separate
loan/application register. The subsidiary must submit the loan/
application register, directly or through its parent, to the
appropriate Federal agency for the subsidiary's parent at the address
identified by the agency.
Section 1003.5(b)(1) provides that the Federal Financial
Institutions Examination Council (FFIEC) will make available a
disclosure statement based on the data each financial institution
submits for the preceding calendar year.
Section 1003.5(b)(2) provides that no later than three business
days after receiving notice from the FFIEC that a financial
institution's disclosure statement is available, the financial
institution must make available to the public upon request at its home
office, and each branch office physically located in each Metropolitan
Statistical Area (MSA) and each Metropolitan Division (MD), a written
notice that clearly conveys that the institution's disclosure statement
may be obtained on the CFPB's website. A financial institution must
make this notice available for a period of five years.
Section 1003.5(c)(1) provides that a financial institution must
make available to the public upon request at its home office, and each
branch office physically located in each MSA and each MD, a written
notice that clearly
[[Page 41868]]
conveys that the institution's loan/application register, as modified
by the CFPB to protect applicant and borrower privacy, may be obtained
on the CFPB's website. A financial institution shall make available the
notice following the calendar year for which the data are collected. A
financial institution must make the notice available to the public for
a period of three years.
Section 1003.5(d)(2) provides that a financial institution may make
available to the public, at its discretion its disclosure statement or
its loan/application register, as modified by the CFPB to protect
applicant and borrower privacy.
Section 1003.5(e) provides that a financial institution must post a
general notice about the availability of its HMDA data in the lobby of
its home office and of each branch office physically located in each
MSA and each MD. This notice must clearly convey that the institution's
HMDA data is available on the CFPB's website.
Estimated Burden
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 504.
Estimated Total Annual Burden: 504,190 hours.
Comments: On June 17, 2025, the OCC published a 60-day notice for
this information collection, (90 FR 25746). The OCC received one
comment from a community bank trade organization. The trade
organization stated that as HMDA reporting has become more complex, it
has increased the need for staffing and investment in software for
community banks. The commenter stated that its members experience
challenges surrounding HMDA data collection, including general
difficulties, the cost of subsequent compliance reviews, general
monetary costs, and staff training. The commenter also stated that CFPB
expanded and complicated the requirements for collecting data, which
the commenter stated is particularly difficult for its members to
comply with. The commenter also stated that higher thresholds for when
banks need to report HMDA data would deliver the best relief for
community banks.
In 2010, Congress transferred rulemaking authority under HMDA from
the Federal Reserve Board to the CFPB.\4\ The OCC does not have
rulemaking authority under HMDA. Therefore, the OCC does not have
authority to make changes to data collection and reporting requirements
and reporting thresholds.
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\4\ See 12 U.S.C. 5581(b)(1) (transferring all consumer
financial protection functions of the Federal Reserve Board to the
CFPB).
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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 estimate 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.
Eden Gray,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-16417 Filed 8-26-25; 8:45 am]
BILLING CODE 4810-33-P
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