[Federal Register Volume 85, Number 244 (Friday, December 18, 2020)]
[Notices]
[Pages 82476-82477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27970]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS20-14]


Agency Information Collection Activities; Renewal of an Approved 
Information Collection: Reporting information for the AMC Registry

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council (ASC)

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
ASC invites public comments on our intention to request the Office of 
Management and Budget (OMB) approval to renew an information collection 
request entitled ``Reporting information for the AMC Registry.''

DATES: Written comments must be received on or before February 16, 2021 
to be assured of consideration.

ADDRESSES: Commenters are encouraged to submit comments by the Federal 
eRulemaking Portal or email, if possible. You may submit comments, 
identified by Docket Number AS20-14, by any of the following methods:
     Federal eRulemaking Portal: https://www.Regulations.gov. 
Follow the instructions for submitting comments. Click on the ``Help'' 
tab on the Regulations.gov home page to get information on using 
Regulations.gov, including instructions for submitting public comments.
     E-Mail: [email protected]. Include the docket number in 
the subject line of the message.
     Fax: (202) 289-4101. Include the docket number of fax 
cover sheet.
     Mail: Address to Appraisal Subcommittee, Attn: Lori 
Schuster, Management and Program Analyst, 1325 G Street NW, Suite 500, 
Washington, DC 20005.
     Hand Delivery/Courier: 1325 G Street NW, Suite 500, 
Washington, DC 20005.
    In general, the ASC will enter all comments received into the 
docket and publish those comments on the Regulations.gov website 
without change, including any business or

[[Page 82477]]

personal information that you provide, such as name and address 
information, email addresses, or phone numbers. Comments received, 
including attachments and other supporting materials, are part of the 
public record and subject to public disclosure. Do not enclose any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure. The ASC will 
summarize and/or include your comments in the request for OMB's 
clearance of this information collection.
    You may review comments and other related materials that pertain to 
this action by any of the following methods:
     Viewing Comments Electronically: Go to https://www.Regulations.gov. Enter ``Docket ID AS20-14'' in the Search box and 
click ``Search.'' Click on the ``Help'' tab on the Regulations.gov home 
page to get information on using Regulations.gov, including 
instructions for viewing public comments, viewing other supporting and 
related materials, and viewing the docket after the close of the 
comment period.
     Viewing Comments Personally: You may personally inspect 
comments at the ASC office, 1325 G Street NW, Suite 500, Washington, DC 
20005. To make an appointment, please call Lori Schuster at (202) 595-
7578.

FOR FURTHER INFORMATION CONTACT: Alice M. Ritter, General Counsel, at 
(202) 595-7577, or Lori Schuster, Management and Program Analyst, at 
(202) 595-7578, Appraisal Subcommittee, 1325 G Street NW, Suite 500, 
Washington, DC 20005.

SUPPLEMENTARY INFORMATION: Title: Reporting information for the AMC 
Registry.
    OMB Number: 3139-0009.
    Abstract: The Dodd-Frank Act requires the ASC to maintain the 
National Registry of Appraisal Management Companies (AMC Registry) of 
those AMCs that are either: (1) registered with and subject to 
supervision by a State that has elected to register and supervise AMCs; 
or (2) are Federally regulated AMCs. In order for a State that elects 
to register and supervise AMCs to enter an AMC on the AMC Registry, the 
following items are required entries by the State via extranet 
application on the AMC Registry:
State Abbreviation
State Registration Number for AMC
Employer Identification Number (EIN)
AMC Name
Street Address
City
State
Zip
License or Registration Status
Effective Date
Expiration Date
AMC Type (State or multi-State)
Disciplinary Action
Effective Date
Expiration Date
Number of Appraisers (for invoicing registry fee)

    States listing AMCs on the AMC Registry enter the above information 
for each AMC for the initial entry only. After the initial entry, the 
information is retained on the AMC Registry, and will only need to be 
amended if necessary by the State. The estimate for burden assumes that 
51 States will elect to register and supervise AMCs, and that the 
average number of AMCs in a State will be 90. This estimate is based on 
information currently available on the AMC Registry, and will be high 
for some States, and low for other States. As of December 11, 2020, 36 
States are submitting data to the AMC Registry. The initial entry by a 
State on a single AMC is estimated to take 15 minutes. Subsequent 
entries to amend information on an AMC, annually or periodically, are 
estimated to be negligible.
    Current Action: Annual Burden has been decreased from 1,875 hours 
to 1,173 as the number of 150 that was used in the original estimate 
has been decreased to 90.
    Type of Review: Extension of a currently approved collection.
    Affected Public: States.
    Estimated Number of Respondents: 51 States.
    Estimated burden per Response: 15 minutes.
    Frequency of Response: Annually and on occasion.
    Estimated total Annual Burden: 1,173 hours.

    By the Appraisal Subcommittee,
James R. Park,
Executive Director.
[FR Doc. 2020-27970 Filed 12-17-20; 8:45 am]
BILLING CODE 6700-01-P