[Federal Register Volume 84, Number 202 (Friday, October 18, 2019)]
[Notices]
[Pages 55944-55945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22771]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2019-0053]


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 Bureau of Consumer Financial Protection (Bureau) is proposing to 
reinstate with change a previously approved collection, or a new or 
revised generic clearance titled, ``Generic Information Collection Plan 
for Information on Compliance Costs and Other Effects of Regulations.'' 
Also, in accordance with the PRA, the Bureau is requesting Office of 
Management and Budget (OMB) approval of the Generic Information 
Collection titled, ``Industry Survey for the TRID Assessment'' under 
this Generic Information Collection Plan.

DATES: Written comments are encouraged and must be received on or 
before November 18, 2019 to be assured of consideration.

ADDRESSES: Comments in response to this notice are to be directed 
towards OMB and to the attention of the OMB Desk Officer for the Bureau 
of Consumer Financial Protection. 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.
     Email: [email protected].
     Fax: (202) 395-5806.
     Mail: Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.
    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 becomes 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 Darrin King, PRA Officer, at (202) 
435-9575, or email: [email protected]. If you require this document in 
an alternative electronic format, please contact 
[email protected]. Please do not submit comments to these 
email boxes.

SUPPLEMENTARY INFORMATION: 
    Title of Collection: Generic Information Collection Plan for 
Information on Compliance Costs and Other Effects of Regulations.
    OMB Control Number: 3170-0032.

[[Page 55945]]

    Type of Review: Reinstatement with change of a previously Approved 
Information Collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 37,500.
    Estimated Total Annual Burden Hours: 38,997.
    Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection 
Act requires or authorizes the Bureau to implement new consumer 
protections in the offering or provision of certain consumer financial 
products and services. The information collected is required in order 
to effectively incorporate information from providers concerning 
compliance costs and other effects of regulations as part of the 
information base for potential rulemakings and prospective and 
retrospective regulatory burden analyses.

Information Collection

    Title of Collection: Industry Survey for the TRID Assessment.
    OMB Control Number: 3170-0032.
    Type of Review: Request for approval of a generic information 
collection.
    Affected Public: Businesses and other for-profit entities.
    Estimated Number of Respondents: 11,906.
    Estimated Total Burden Hours: 9,230.
    Abstract: The Dodd-Frank Act requires that the Bureau assess its 
significant rules within 5 years of a rule's effective date. The Bureau 
has determined that its November 2013 final rule titled ``Integrated 
Mortgage Disclosures Under the Real Estate Settlement Procedures Act 
(Regulation X) and the Truth In Lending Act (Regulation Z)'' (TRID 
Rule), with subsequent amendments, is a significant rule. The Act 
requires that the Bureau's assessment reflect available evidence and 
data that the Bureau may reasonably collect. This information 
collection will allow the Bureau to reach out to a cross-section of 
stakeholders and gather information from them about their experiences 
with the Rule.
    This survey is one part of an overall effort to fulfill the 
Bureau's obligation to address, among other relevant factors, the 
effectiveness of the TRID Rule in meeting the purposes and objectives 
of title X of Dodd-Frank and the specific goals of the Rule as stated 
by the Bureau. As part of its broader information collection related to 
the assessment, the Bureau has obtained, or is working to obtain, data 
from a number of other sources.
    Request for Comments: The Bureau issued a 60-day Federal Register 
notice on June 5, 2019, 84 FR 26078, Docket Number: CFPB-2019-0031. 
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 may address the overall 
information collection request plan or the individual collection. 
Comments submitted in response to this notice will be reviewed by OMB 
as part of its review of this request. All comments will become a 
matter of public record.

    Dated: October 15, 2019.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial 
Protection.
[FR Doc. 2019-22771 Filed 10-17-19; 8:45 am]
 BILLING CODE 4810-AM-P