[Federal Register Volume 81, Number 12 (Wednesday, January 20, 2016)]
[Notices]
[Page 3120]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01006]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No: CFPB-2016-0002]


Agency Information Collection Activities: Submission for OMB 
Review; 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 proposing to 
extend a collection currently approved by the Office of Management and 
Budget (OMB) titled ``Home Mortgage Disclosure Act (Regulation C) 12 
CFR 1003.''

DATES:  Written comments are encouraged and must be received on or 
before February 19, 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.
     OMB: Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503 or fax to (202) 395-5806. 
Mailed or faxed comments to OMB should be to the attention of the OMB 
Desk Officer for the Bureau of Consumer Financial Protection.
    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.reginfo.gov 
(this link active on the day following publication of this notice). 
Select ``Information Collection Review,'' under ``Currently under 
review'', use the dropdown menu ``Select Agency'' and select ``Consumer 
Financial Protection Bureau'' (recent submissions to OMB will be at the 
top of the list). The same documentation is also available at http://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 email box.

SUPPLEMENTARY INFORMATION:
    Title of Collection: Home Mortgage Disclosure Act (Regulation C) 12 
CFR 1003.
    OMB Control Number: 3170-0008.
    Type of Review: Extension with change of a currently approved 
collection.
    Affected Public: For-profit businesses.
    Estimated Number of Respondents: 145.
    Estimated Total Annual Burden Hours: 690,000.
    Abstract: The Home Mortgage Disclosure Act (HMDA) requires certain 
depository institutions and for-profit nondepository institutions to 
collect, report, and disclose data about originations and purchases of 
mortgage loans, as well as mortgage loan applications that do not 
result in originations (for example, applications that are denied or 
withdrawn). The Bureau's Regulation C, 12 CFR part 1003, implements 
HMDA. 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 also 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.
    In accordance with 5 CFR 1320.11(f) and 1320.11(h), this 
information collection request (ICR) is being submitted to OMB in 
association with the final rule for Regulation C (RIN 3170-AA10), 80 FR 
66127 published October 28, 2015. Further, since the information 
collection requirements as contained in current Regulation C are 
currently scheduled to expire on January 31, 2016, and the information 
collection requirements as contained in the final rule for Regulation C 
will generally not become effective until January 1, 2018, this ICR is 
also contemporaneously being submitted to OMB under 5 CFR 1320.12, 
Clearance of collections of information in current rules. The Bureau is 
requesting OMB to extend for an additional three years its approval of 
the information collection requirements as contained in current 
Regulation C.
    Request For Comments: The Bureau issued a 60-day Federal Register 
notice on November 10, 2015, (80 FR 69646). Comments were solicited and 
continue to be 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 OMB approval. All 
comments will become a matter of public record.

    Dated: January 13, 2016.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2016-01006 Filed 1-19-16; 8:45 am]
 BILLING CODE 4810-AM-P