[Federal Register Volume 87, Number 9 (Thursday, January 13, 2022)]
[Notices]
[Pages 2155-2157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00574]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0145; -0161; -0171]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

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 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collections described below (OMB Control No. 
3064-0145; -0161 and -0171).

DATES: Comments must be submitted on or before March 14, 2022.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/index.html.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, 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: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Notice Regarding Unauthorized Access to Customer 
Information.
    OMB Number: 3064-0145.
    Form Numbers: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0145]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                            Type of burden (obligation                                       Number of       Hours per     Annual burden
    Information collection description              to respond)               Frequency of response         respondents      response         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Implementation (One Time)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Develop Policies and Procedures for        Recordkeeping (Required)....  1..............................              10              24             240
 Response Program.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Ongoing
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice Regarding Unauthorized Access to    Third Party Disclosure        On occasion....................             315              36          11,340
 Customer Information.                      (Required).
                                                                                                         -----------------------------------------------
    Total Annual Burden (Hours)..........  ............................  ...............................  ..............  ..............          11,580
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The Interagency Guidance on 
Response Programs for Unauthorized Access to Customer Information and 
Customer Notice describes the federal banking agencies' expectations 
regarding a response program, including customer notification 
procedures, that a financial institution should develop and apply under 
the circumstances described in the Guidance to address unauthorized 
access to or use of customer information that could result in 
substantial harm or inconvenience to a customer. The Guidance advises 
financial institutions when and how they might: (1) Develop notices to 
customers; (2) in certain circumstances defined in the Guidance, 
determine which customers should receive the notices; and (3) send the 
notices to customers.
    There is no change in the methodology or substance of this 
information collection. The increase in total estimated annual burden 
from 11,340 hours in 2019 to 11,580 hours currently is due to economic 
factors as

[[Page 2156]]

reflected in the increase in estimated number of respondents.
    2. Title: Furnisher Information Accuracy and Integrity (FACTA 312).
    OMB Number: 3064-0161.
    Form Number: None.
    Affected Public: State nonmember banks.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0161]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden
    Information collection       (obligation to      Number of       Number of       Hours per     Annual burden
          description               respond)         responses      respondents      response         (hours)
----------------------------------------------------------------------------------------------------------------
Procedures to Enhance the       Recordkeeping                  1           3,140              40         125,600
 Accuracy and Integrity of       (Required).
 Information furnished to
 Consumer Reporting Agencies
 under Section 312 of the Fair
 and Accurate Credit
 Transaction Act.
Distribution of Notices in      Third Party                   46           3,140            0.23          33,221
 Response to Direct Disputes.    Disclosure
                                 (Required).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............         158,821
     (Hours).
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Sec. 312 of the Fair and 
Accurate Credit Transaction Act of 2003 (FACT Act) requires the FDIC 
to: Issue guidelines for furnishers regarding the accuracy and 
integrity of the information about consumers furnished to consumer 
reporting agencies; prescribe regulations requiring furnishers to 
establish reasonable policies/procedures to implement the guidelines; 
and issue regulations identifying the circumstances where a furnisher 
must reinvestigate a dispute about the accuracy of information in a 
consumer report based on a direct request from a consumer.
    There is no change in the method or substance of the collection. 
The overall increase in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has increased 
while the hours per response and frequency of responses have remained 
the same.
    3. Title: Registration of Mortgage Loan Originators.
    OMB Number: 3064-0171.
    Form Number: None.
    Affected Public: FDIC Supervised Institutions and Employee Mortgage 
Loan Originators.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0171]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated
                                                                                             Estimated       number of    Estimated time     Estimated
 Information collection description        Type of burden        Frequency of response       number of     responses per   per response    annual burden
                                                                                            respondents     respondent        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Financial Institution Policies and    Recordkeeping..........  One-Time.................               7               1              20             140
 Procedures for Ensuring Employee-
 Mortgage Loan Originator Compliance
 With S.A.F.E. Act Requirements--New
 Entrant.
Financial Institution Policies and    Recordkeeping..........  Annual...................           3,091               1               1           3,091
 Procedures for Ensuring Employee-
 Mortgage Loan Originator Compliance
 With S.A.F.E. Act Requirements--
 Ongoing.
Financial Institution Procedures to   Recordkeeping..........  One-Time.................               7               1              60             420
 Track and Monitor Compliance with
 S.A.F.E. Act Compliance--New
 Entrant.
Financial Institution Procedures to   Recordkeeping..........  Annual...................           3,091               1               1           3,091
 Track and Monitor Compliance with
 S.A.F.E. Act Compliance--Ongoing.
Financial Institution Procedures for  Recordkeeping..........  One-Time.................               7               1              20             140
 the Collection and Maintenance of
 Employee Mortgage Loan Originator's
 Criminal History Background
 Reports--New Entrant.
Financial Institution Procedures for  Recordkeeping..........  Annual...................           3,091               1               1           3,091
 the Collection and Maintenance of
 Employee Mortgage Loan Originator's
 Criminal History Background
 Reports--Ongoing.
Financial Institution Procedures for  Third Party Disclosure.  One-Time.................               7               1              25             175
 Public Disclosure of Mortgage Loan
 Originator's Unique Identifier--New
 Entrant.

[[Page 2157]]

 
Financial Institution Procedures for  Third Party Disclosure.  Annual...................           3,091               1               1           3,091
 Public Disclosure of Mortgage Loan
 Originator's Unique Identifier--
 Ongoing.
Financial Institution Information     Reporting..............  On Occasion..............           3,098               1               1           3,098
 Reporting to Registry.
Mortgage Loan Originator Initial      Reporting..............  One-Time.................           5,257               1             .25           1,314
 Registration Reporting and
 Authorization Requirements.
Mortgage Loan Originator              Reporting..............  On Occasion..............          40,015               1             .25          10,004
 Registration Updates Upon Change in
 Circumstances.
Financial Institution Procedures for  Recordkeeping..........  On Occasion..............           3,098               1               4          12,392
 the Collection of Employee Mortgage
 Loan Originator's Fingerprints.
Mortgage Loan Originator Procedures   Third Party Disclosure.  On Occasion..............          45,272               1               1          45,272
 for Disclosure to Consumers of
 Unique Identifier.
Mortgage Loan Originator Annual       Reporting..............  On Occasion..............          40,015               1             .25          10,004
 Renewal Registration Reporting and
 Authorization Requirements.
                                                                                         ---------------------------------------------------------------
    Total Annual Burden.............  .......................  .........................  ..............  ..............  ..............          95,323
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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 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 decrease in burden hours is the result of economic 
fluctuation. In particular, the number of respondents and time per 
response have decreased while the frequency of responses have remained 
the same.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
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 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.


Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on January 10, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-00574 Filed 1-12-22; 8:45 am]
BILLING CODE 6714-01-P