[Federal Register Volume 85, Number 246 (Tuesday, December 22, 2020)]
[Notices]
[Page 83625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28182]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection requests to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995 on or after the date of 
publication of this notice.

DATES: Comments should be received on or before January 21, 2021 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0067.
    Title: Corporate Credit Union Monthly Call Report and Annual Report 
of Officers.
    Form: NCUA 5310.
    Abstract: Section 202(a)(1) of the Federal Credit Union Act (Act) 
requires federally insured credit unions to make reports of condition 
to the NCUA Board upon dates selected by it. Corporate credit unions 
report this information monthly on NCUA Form 5310, also known as the 
Corporate Credit Union Call Report. The financial and statistical 
information is essential to NCUA in carrying out its responsibility for 
supervising corporate credit unions. The Federal Credit Union Act, 12 
U.S.C. 1762, specifically requires federal credit unions to report the 
identity of credit union officials. Section 741.6(a) requires 
federally-insured credit unions to submit a Report of Officials 
annually to NCUA containing the annual certification of compliance with 
security requirements. The branch information is requested under the 
authority of Sec.  741.6 of the NCUA Rules and Regulations.
    NCUA utilizes the information to monitor financial conditions in 
corporate credit unions and to allocate supervision and examination 
resources.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 539.
    OMB Number: 3133-0186.
    Title: Higher-Risk Mortgage Appraisals.
    Abstract: Section 1471 of the Dodd-Frank Act established Truth in 
Lending section 129H, which contains appraisal requirements applicable 
to higher-risk mortgages and prohibits a creditor from extending credit 
in the form of a higher-risk mortgage loan to any consumer without 
meeting those requirements. A higher-risk mortgage is defined as a 
residential mortgage loan secured by a principal dwelling with an 
annual percentage rate that exceeds the average prime offer rate for a 
comparable transaction as of the date the interest rate is set by 
certain enumerated percentage point spreads. To implement this 
statutory requirement, a final rule was promulgated to amend 12 CFR 
part 1026, Regulation Z.
    The recordkeeping and disclosure requirements prescribed under 
Sec.  1026.35 are necessary to protect consumers, and promote the 
safety and soundness of creditors making higher-risk mortgage loans.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 276.
    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on December 16, 2020.

    Dated: December 17, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-28182 Filed 12-21-20; 8:45 am]
BILLING CODE 7535-01-P