Notice2025-23731
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Appraisals for Higher-Priced Mortgage Loans
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
December 23, 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, "Appraisals for Higher-Priced Mortgage Loans."
Full Text
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<title>Federal Register, Volume 90 Issue 244 (Tuesday, December 23, 2025)</title>
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[Federal Register Volume 90, Number 244 (Tuesday, December 23, 2025)]
[Notices]
[Pages 60236-60237]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-23731]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Appraisals for Higher-Priced Mortgage Loans
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 (OMB) control number. The OCC is soliciting
comment concerning the renewal of its information collection titled,
``Appraisals for Higher-Priced Mortgage Loans.''
DATES: Comments must be received by February 23, 2026.
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#20505241494e464f604f43430e54524541530e474f56"><span class="__cf_email__" data-cfemail="473735262e2921280728242469333522263469202831">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0313, 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
``1557-0313'' 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.
Following the close of this notice's 60-day comment period, the OCC
will publish a second notice with a 30-day comment period. You may
review comments and other related materials that pertain to this
information collection beginning on the date of publication of the
second notice for this collection 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 the
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0313'' or
``Appraisals for Higher-Priced Mortgage Loans.'' 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, imposed on ten or more
persons, that members of the public submit reports, keep records, or
provide information to a third party. Section 3506(c)(2)(A) of title 44
generally requires Federal agencies to provide a 60-day notice in the
Federal Register concerning each proposed collection of information,
including each proposed extension of an existing collection of
information, before submitting the collection to OMB for approval. To
comply with this requirement, the OCC is publishing notice of the
renewal of this collection.
Title: ``Appraisals of Higher-Priced Mortgage Loans.'' OMB Control
No.: 1557-0313.
Type of Review: Regular.
Affected Public: Businesses or other for-profit. Description: This
information collection relates to section 1471 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act, which added a new section
129H to the Truth in Lending Act (TILA) establishing special appraisal
requirements for ``higher-risk mortgages.'' For certain mortgages with
an annual percentage rate that exceeds the average prime offer rate by
a specified percentage, creditors must obtain an appraisal or
appraisals meeting certain specified standards, provide applicants with
a notification regarding the use of the appraisals, and give applicants
a copy of the written appraisals used to evaluate real estate
collateral. The statute permits the OCC to issue a rule to include
exemptions from these requirements.
The information collection requirements are found in 12 CFR
34.203(c)(1), (c)(2), (d), (e) and (f). This
[[Page 60237]]
information is required to protect consumers and promote the safety and
soundness of creditors making higher-priced mortgage loans (HPMLs)
subject to 12 CFR part 34, subpart G. This information is used by
creditors to evaluate real estate collateral securing HPMLs subject to
12 CFR 34.203(c) and by consumers entering these transactions. The
collections of information are mandatory for creditors making HPMLs
subject to 12 CFR part 34, subpart G.
Under 12 CFR 34.203(e) and (f), a creditor must, no later than the
third business day after the creditor receives a consumer's application
for an HPML, provide the consumer with a disclosure that informs the
consumer that the creditor may order an appraisal to determine the
value of the property and charge the consumer for that appraisal, that
the creditor will provide the consumer with a copy of any appraisal,
and that the consumer may choose to have an additional appraisal
conducted at the expense of the consumer. If a loan is an HPML subject
to 12 CFR 34.203(c), then, under 12 CFR 34.203(c)(1) and (2), the
creditor is required to obtain a written appraisal prepared by a
certified or licensed appraiser who conducts a physical visit of the
interior of the property that will secure the transaction (Written
Appraisal). Under 12 CFR 34.203(d)(1), a creditor is required to obtain
an additional appraisal (Additional Written Appraisal) for an HPML that
is subject to 12 CFR part 34, subpart G if: (1) the seller acquired the
property securing the loan 90 or fewer days prior to the date of the
consumer's agreement to acquire the property and the price in the
consumer's agreement to acquire the property exceeds the seller's
acquisition price by more than 10 percent; or (2) the seller acquired
the property securing the loan 91 to 180 days prior to the date of the
consumer's agreement to acquire the property and the price in the
consumer's agreement to acquire the property exceeds the seller's
acquisition price by more than 20 percent.
Under 12 CFR 34.203(d)(3) and (4), the Additional Written Appraisal
must meet the requirements described in 12 CFR 34.203(c)(1) and also
include an analysis of: (1) the difference between the price at which
the seller acquired the property and the price the consumer is
obligated to pay to acquire the property; (2) changes in market
conditions between the date the seller acquired the property and the
date of the consumer's agreement to acquire the property; and (3) any
improvements made to the property between the date the seller acquired
the property and the date of the consumer's agreement to acquire the
property. Under 12 CFR 34.203(f), a creditor is required to provide the
consumer with a copy of the Written Appraisal or Additional Written
Appraisal, as applicable.
Estimated Burden
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 1,011.
Estimated Total Annual Burden: 261 hours.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will become
a matter of public record. Comments are 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.
Carl Kaminski,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-23731 Filed 12-22-25; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on December 23, 2025.
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