[Federal Register Volume 84, Number 45 (Thursday, March 7, 2019)]
[Notices]
[Pages 8330-8332]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-04139]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0171)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of the 
existing information collection described below (Control Number 3064-
0171). On November 2, 2018, the FDIC requested comment for 60 days on a 
proposal to renew this information collection. No comments were 
received. On February

[[Page 8331]]

5, 2019, the FDIC requested comment for 30 days on a proposal to renew 
this information collection. Since that time, the FDIC has received 
updated information on the number of respondents and as a result, has 
decided to publish an additional 30-day notice that contains the 
updated information. The FDIC hereby gives notice of its plan to submit 
to OMB a request to approve the renewal of this collection, and again 
invites comment on its renewal.

DATES: Comments must be submitted on or before April 8, 2019.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Jennifer Jones (202-898-6768), Counsel, MB-3105, 
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, 
DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Jennifer Jones, Counsel, 202-898-6768, 
[email protected], MB-3105, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On November 2, 2018, the FDIC requested 
comment for 60 days on a proposal to renew the information collection 
described below.\1\ No comments were received. On February 5, 2019, the 
FDIC requested comment for 30 days on a proposal to renew the 
information collection described below.\2\ Since that time, the FDIC 
has received updated information on the number of respondents and as a 
result, has decided to publish an additional 30-day notice that 
contains the updated information. The FDIC hereby gives notice of its 
plan to submit to OMB a request to approve the renewal of this 
collection, and again invites comment on the renewal.
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    \1\ 83 FR 55167 (November 2, 2018).
    \2\ 84 FR 1120 (February 1, 2019).
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    Proposal to renew the following currently approved collection of 
information:
    1. Title: Registration of Mortgage Loan Originators (SAFE Act).
    OMB Number: 3064-0171.
    Form Number: None.
    Affected Public: FDIC Supervised Institutions and Employee Mortgage 
Loan Originators.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                                                                           Total annual
  Information collection (IC)                        Obligation to      Estimated       Estimated       Estimated        Frequency of        estimated
          description             Type of burden        respond         number of     frequency of      time per           response           burden
                                                                       respondents      responses       response                              (hours)
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Financial Institution Policies  Recordkeeping....  Mandatory.......           3,434               1           20.00  On occasion........       68,680.00
 and Procedures for Ensuring
 Employee-Mortgage Loan
 Originator Compliance With
 S.A.F.E. Act Requirements.
Financial Institution           Recordkeeping....  Mandatory.......           3,434               1           60.00  On occasion........      206,040.00
 Procedures to Track and
 Monitor Compliance with
 S.A.F.E. Act Compliance.
Financial Institution           Recordkeeping....  Mandatory.......           3,434               1           20.00  On occasion........       68,680.00
 Procedures for the Collection
 and Maintenance of Employee
 Mortgage Loan Originator's
 Criminal History Background
 Reports.
Financial Institution           Third Party        Mandatory.......           3,434               1           25.00  On occasion........       85,850.00
 Procedures for Public           Disclosure.
 Disclosure of Mortgage Loan
 Originator's Unique
 Identifier.
Financial Institution           Reporting........  Mandatory.......           3,434               1            0.25  On occasion........          858.50
 Information Reporting to
 Registry.
Mortgage Loan Originator        Reporting........  Mandatory.......          14,058               1            0.25  On occasion........        3,514.50
 Initial Registration
 Reporting and Authorization
 Requirements.
Mortgage Loan Originator        Reporting........  Mandatory.......          76,157               1            0.25  On occasion........       19,039.25
 Annual Renewal Registration
 Reporting and Authorization
 Requirements.
Mortgage Loan Originator        Reporting........  Mandatory.......          76,157               1            0.25  On occasion........       19,039.25
 Registration Updates Upon
 Change in Circumstances.
Financial Institution           Recordkeeping....  Mandatory.......           3,434               1            4.00  On occasion........       13,736.00
 Procedures for the Collection
 of Employee Mortgage Loan
 Originator's Fingerprints.
Mortgage Loan Originator        Third Party        Mandatory.......          90,215               1            1.00  On occasion........       90,215.00
 Procedures for Disclosure to    Disclosure.
 Consumers of Unique
 Identifier.
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    Total Hourly Burden.......  .................  ................  ..............  ..............  ..............  ...................      575,652.50
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    General Description of Collection: This information collection 
implements the Secure and Fair Enforcement for Mortgage Licensing Act 
of 2008 (SAFE Act) requirement that employees of Federally-regulated 
institutions who engage in the business of a mortgage loan originator 
to register with the Nationwide Mortgage Licensing System and Registry 
and establishes national licensing and registration requirements. It 
also directs Federally-regulated

[[Page 8332]]

institutions to have written policies and procedures in place to ensure 
that their employees who perform mortgage loan originations comply with 
the registration and other SAFE Act requirements.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.

    Dated at Washington, DC, on March 4, 2019.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-04139 Filed 3-6-19; 8:45 am]
BILLING CODE 6714-01-P