[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53165-53166]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20929]



[[Page 53165]]

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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, of a Previously Approved Collection

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA is submitting the following information collection to 
the Office of Management and Budget (OMB) for reinstatement under the 
Paperwork Reduction Act of 1995. Notice of this information collection 
is published to obtain comments from the public. Under the Home 
Mortgage Disclosure Act (HMDA), financial institutions that meet the 
reporting criteria must compile and make available data about their 
housing-related lending activity. The data is made available to the 
public for the purposes of: (1) Helping to determine whether financial 
institutions are serving the housing needs of their communities; (2) 
assisting public officials in distributing public-sector investment so 
as to attract private investment to areas where it is needed; and (3) 
assisting in identifying possible discriminatory lending patterns and 
enforcing anti-discrimination statutes. The information collection will 
assist NCUA to ensure credit unions are in compliance with fair lending 
laws and regulations.

DATES: Comments will be accepted until September 27, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA contact and OMB reviewer listed below:

NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 
Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, 
Email: [email protected].
OMB Contact: ATTN: Desk Officer for the National Credit Union 
Administration, Office of Management and Budget, Office of Information 
and Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews at the National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at 
(703) 518-6444.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of 
information:

I. Abstract and Request for Comments

    NCUA is reinstating the information collection previously approved 
under OMB control number 3133-0166. Under HMDA, depository institutions 
that have a home office or branch office located within a metropolitan 
statistical area must compile and make available to the public the 
number and total dollar amount of mortgage loans originated (or for 
which the institution received completed applications) or purchased 
during each year. 12 U.S.C. 2801 et seq. The Consumer Financial 
Protection Bureau implements HMDA under Regulation C, 12 CFR part 1003. 
Regulation C requires financial institutions and mortgage lending 
institutions to report data about home purchase loans and refinancings 
that originated or purchased, or for which applications were received, 
and to disclose the data to the public.
    Under this information collection, credit unions meeting the 
criteria described in HMDA and Regulation C must compile, report, and 
make available data about home purchase loans and refinancings they 
originate, purchase, or for which they receive applications. The data 
is made available to the public to help to determine whether credit 
unions, along with other financial institutions and other mortgage 
lenders, are serving the housing needs of their members and to assist 
public officials in distributing public-sector investment so as to 
attract private investment to areas where it is needed. Additionally, 
federal regulators use the data to identify possible discriminatory 
lending patterns and enforce antidiscrimination statutes.
    Specifically, NCUA uses HMDA data to examine credit union 
compliance with the Equal Credit Opportunity Act and the Fair Housing 
Act. NCUA also uses the data to report credit union lending practices 
to Congress and the public. The Federal Financial Institutions 
Examination Council compiles the data and makes it available to the 
public annually to carry out the purposes of HMDA.
    NCUA is requesting reinstatement of OMB control number 3133-0166, 
with changes in the estimated burden due to an increase in the number 
of reporting credit unions and the cost of the technology used to 
submit the information. Since the initial approval of the information 
collection, the number of credit unions involved in mortgage lending 
has increased slightly from 1,996 credit unions to 2,015 credit unions. 
The estimated cost of the information collection has been adjusted to 
reflect the cost of programmatic modifications associated with 
increased number of respondents and the use of technology. The increase 
in the number of respondents caused a corresponding increase in the 
estimated burden hours associated with the collection, even though NCUA 
estimates the time per reportable loan application necessary to submit 
the information collection will not change.
    NCUA requests that you send your comments on this collection to the 
location listed in the addresses section. Your comments should address: 
(a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden 
(hours and cost) of the collection of information, including the 
validity of the methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the collection 
of the information on the respondents such as through the use of 
automated collection techniques or other forms of information 
technology. It is NCUA's policy to make all comments available to the 
public for review.

II. Data

    Title: HMDA Requirements under 12 U.S.C. 2801-2810 and Regulation 
C, 12 CFR part 1003.
    OMB Number: 3133-0166.
    Form Number: NONE.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: The collection of this data is required under the Home 
Mortgage Disclosure Act. The data collection is intended to provide the 
public with loan data that can be used (1) To help determine whether 
financial institutions are serving the housing needs of their 
communities; (2) to assist public officials in distributing public-
sector investments so as to attract private investment to areas where 
it is needed; and (3) to assist in identifying possible discriminatory 
lending patterns and enforcing anti-discrimination statutes.
    Respondents: Credit unions.
    Estimated No. of Respondents/Record keepers: 2,015.
    Estimated Burden Hours per Response: 47.25 hours.
    Frequency of Response: Record-keeping, Third party disclosure and 
Reporting Annually.
    Estimated Total Annual Burden Hours: 95,210 hours.
    Estimated Total Annual Cost: $1,428,150.


[[Page 53166]]


    By the National Credit Union Administration Board on August 22, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20929 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P