[Federal Register Volume 85, Number 65 (Friday, April 3, 2020)]
[Notices]
[Pages 19030-19031]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07035]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extensions of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before June 2, 2020 to 
be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mackie Malaka, National Credit Union 
Administration, 1775 Duke Street, Suite 6060, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Mackie Malaka at the address above or telephone 703-548-
2704.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0135.
    Title: Authorization Agreement for Electronic Funds Transfer 
Payment.
    Type of Review: Extension of a currently approved collection.
    Abstract: The NCUA is required under the Debt Collection 
Improvement Act of 1996 to issue payments to credit unions and all 
other entities electronically. The ``Authorization Agreement for 
Electronic Funds Transfer Payment'' form is used to maintain up-to-date 
and accurate electronic payment data for new and existing credit 
unions. NCUA will use the information to update its vendor (credit 
union) electronic routing and transit data database to enable 
transmittal of funds and payments. If this information is not 
collected, NCUA will not be able to make payment electronically through 
the Automated Clearing House (ACH) and will be in non-compliance with 
the Debt Collection Improvement Act of 1996.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 100.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 100.
    Estimated Burden Hours per Response: 15 mins.
    Estimated Total Annual Burden Hours: 25.
    OMB Number: 3133-0166.
    Title: Home Mortgage Disclosure Act (HMDA), 12 CFR 1003 (Reg C).
    Type of Review: Extension of a currently approved collection.
    Abstract: HMDA was enacted in 1975 and requires most mortgage 
lenders lending in metropolitan areas to collect data about their 
housing-related lending activity. The Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 transferred rulemaking authority for 
HMDA to the Consumer Financial Protection Bureau (CFPB).
    Regulation C, 12 CFR part 1003, requires financial institutions 
that meet certain thresholds to report data annually about Each 
application or loan, including the application date; the action taken 
and the date of that action; the loan amount; the loan type and 
purpose; and, if the loan is sold, the type of purchaser; Each 
applicant or borrower, including ethnicity, race, sex, and income; and 
Each property, including location and occupancy status.
    A covered lender generally must update information quarterly, all 
reportable transaction must be recorded within 30 calendar days after 
the end of the calendar quarter in which final action is taken on a 
loan application register (LAR), and must submit the completed LAR 
annually to the appropriate Federal agency by March 1 of the year 
following the year covered by the LAR. The Federal Financial 
Institutions Examination Council (FFIEC) then prepares a disclosure 
statement from data submitted by the financial institutions, and 
provides the disclosure statement to the financial institution. Within 
three business days of receiving its statement, the financial 
institution must make a copy available at its home office. In addition, 
within ten business days of receiving its disclosure statement, the 
financial institution must either: (1) Make the disclosure statement 
available in at least one branch office in every Metropolitan 
Statistical Area (MSA) and Metropolitan Division (Division) where it 
has an office or (2) post a notice in at least one branch office per 
MSA and Division where it has an office stating that the disclosure 
statement is available upon written request. A covered lender must make 
each public disclosure statement available to the public for five 
years.
    Each financial institution must retain its completed LAR for three 
years and during that period it must make its LAR available to the 
public after redacting certain information to protect the privacy of 
its applicants and borrowers.
    Affected Public: Private Sector; Not-for-profit institutions.
    Estimated No. of Respondents: 1,108.
    Estimated No. of Responses per Respondent: 1,172.
    Estimated Total Annual Responses: 1,298,105.

[[Page 19031]]

    Estimated Burden Hours per Response: 5 mins.
    Estimated Total Annual Burden Hours: 108,175.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and 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 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on March 31, 2020.
    Dated: March 31, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-07035 Filed 4-2-20; 8:45 am]
BILLING CODE 7535-01-P