[Federal Register Volume 80, Number 226 (Tuesday, November 24, 2015)]
[Notices]
[Page 73170]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29815]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2015-0050]


Agency Information Collection Activities: Comment Request

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Consumer Financial Protection Bureau (Bureau) is requesting to 
renew the Office of Management and Budget (OMB) approval for an 
existing information collection titled, ``Homeownership Counseling 
Amendments to the Real Estate Settlement Procedures Act (Regulation X) 
12 CFR 1024.''

DATES: Written comments are encouraged and must be received on or 
before January 25, 2016 to be assured of consideration.

ADDRESSES: You may submit comments, identified by the title of the 
information collection, OMB Control Number (see below), and docket 
number (see above), by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Consumer Financial Protection Bureau (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection 
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 
20002.
Please note that comments submitted after the comment period will not 
be accepted. In general, all comments received will become public 
records, including any personal information provided. Sensitive 
personal information, such as account numbers or social security 
numbers, should not be included.

FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of 
this information collection request is available at 
www.regulations.gov. Requests for additional information should be 
directed to the Consumer Financial Protection Bureau, (Attention: PRA 
Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or 
email: [email protected]. Please do not submit comments to this mailbox.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Homeownership Counseling Amendments to the 
Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.
    OMB Control Number: 3170-0025.
    Type of Review: Request approval for an existing information 
collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 2,259.
    Estimated Total Annual Burden Hours: 117,500.
    Abstract: Regulation X implements the Real Estate Settlement 
Procedures Act, ensures that consumers are provided with more helpful 
information about the cost of the mortgage settlement and protected 
from unnecessarily high settlement charges caused by certain abusive 
practices. Regulation X contains information collections in the form of 
third party disclosures and recordkeeping requirements.
    This amendment to Regulation X requires lenders to provide mortgage 
applicants a list of certified homeownership counselors at or soon 
after the time of their application. This requirement is meant to help 
applicants be informed about the process of applying for a mortgage, 
and receive additional non-biased guidance if desired.
    Request for Comments: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the Bureau, including whether the information will 
have practical utility; (b) The accuracy of the Bureau's estimate of 
the burden of the collection of information, including the validity of 
the methods and the assumptions used; (c) Ways to enhance the quality, 
utility, and clarity of the information to be collected; and (d) Ways 
to minimize the burden of the collection of information on respondents, 
including through the use of automated collection techniques or other 
forms of information technology. Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record.

    Dated: November 18, 2015.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2015-29815 Filed 11-23-15; 8:45 am]
 BILLING CODE 4810-AM-P