[Federal Register Volume 77, Number 83 (Monday, April 30, 2012)]
[Notices]
[Page 25439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-10287]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Submission for OMB Review; Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comments.

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SUMMARY: The Bureau of Consumer Financial Protection (Bureau), as part 
of its continuing effort to reduce paperwork and respondent burden, 
invites the general public and other Federal agencies to take this 
opportunity to comment on proposed and/or continuing information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3507(a)(1)(D)). The Bureau is soliciting comments 
regarding the information collection requirements relating to the 
Mortgage Assistance Relief Services that have been submitted to the 
Office of Management and Budget for review and approval. A copy of the 
submission may be obtained by contacting the agency contact listed 
below.

DATES: Written comments are encouraged and must be received on or 
before May 30, 2012 to be assured of consideration.

ADDRESSES: You may submit comments, identified by OMB number 3170-0008, 
by any of the following methods:
     Agency Contact: Consumer Financial Protection Bureau 
(Attention: PRA Office), 1700 G Street NW., Washington, DC 20552: (202) 
435-7741: [email protected].
     OMB Reviewer: Shagufta Ahmed, Office of Management and 
Budget, New Executive Office Building, Room 10235, Washington, DC 
20503; (202) 395-7873.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Joseph Durbala, (202) 435-7893, at the Consumer 
Financial Protection Bureau, (Attention: Joseph Durbala, PRA Office), 
1700 G Street NW., Washington, DC 20552, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Home Mortgage Disclosure Act (Regulation C) 12 CFR Part 
1003.
    OMB Number: 3170-0008.
    Abstract: The Home Mortgage Disclosure Act (HMDA) requires most 
mortgage lenders lending in metropolitan areas to collect data about 
their housing-related lending activity. Annually, lenders must report 
those data to the appropriate Federal agencies and make the data 
available to the public. The CFPB's regulation requires covered 
financial institutions that meet certain thresholds to maintain data 
about home loan applications (e.g., the type of loan requested, the 
purpose of the loan, whether the loan was approved, and the type of 
purchaser if the loan was later sold), to update the information 
quarterly, and to report the information annually. The purpose of the 
information collection is: (i) To help determine whether financial 
institutions are serving the housing needs of their communities; (ii) 
to assist public officials in distributing public-sector investment so 
as to attract private investment to areas where it is needed; and (iii) 
to assist in identifying possible discriminatory lending patterns and 
enforcing antidiscrimination statutes.
    The information collection will assist the CFPB's examiners, and 
examiners of other Federal supervisory agencies, in determining that 
the financial institutions they supervise comply with applicable 
provisions of HMDA.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for profits.
    Estimated Number of Responses: 23,453.
    Estimated Time per Response: 6 hours 34 minutes.
    Estimated Total Annual Burden Hours: 154,000.

    Dated: April 6, 2012.
Chris Willey,
Chief Information Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2012-10287 Filed 4-27-12; 8:45 am]
BILLING CODE 4810-AM-P