[Federal Register Volume 87, Number 100 (Tuesday, May 24, 2022)]
[Notices]
[Pages 31537-31538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-11148]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0029]


Agency Information Collection Activities: 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 Consumer Financial Protection Bureau (CFPB or Bureau) requests the 
extension of the Office of Management and Budget's (OMB's) approval of 
the existing information collection titled, ``Registration of Mortgage 
Loan Originators (Regulation G),'' approved under OMB Control Number 
3170-0005.

DATES: Written comments are encouraged and must be received on or 
before June 23, 2022 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. 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.regulations.gov. Requests for additional information should be 
directed to Anthony May, Paperwork Reduction Act Officer, at (202) 841-
0544, 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: Registration of Mortgage Loan Originators 
(Regulation G).
    OMB Control Number: 3170-0005.
    Type of review: Extension of a currently approved information 
collection.
    Affected Public: Businesses and other for-profit institutions.
    Estimated Number of Respondents: 261,638.
    Estimated Total Annual Burden Hours: 249,628.
    Abstract: Regulation G (12 CFR part 1007 et seq.) implements the 
Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. 
Act, 12 U.S.C. 5101 et seq.) which contains the Federal registration 
requirement with respect to any covered financial institutions and 
their employees who act as residential mortgage loan originators 
(MLOs). Regulation G

[[Page 31538]]

requires covered institutions to register with the Nationwide Mortgage 
Licensing System and Registry, to obtain a unique identifier, to 
maintain this registration, and to disclose to consumers the unique 
identifier. Regulation G also requires the covered financial 
institutions employing these MLOs to adopt and to follow written 
policies and procedures ensuring their employees comply with these 
requirements and disclose the unique identifiers of their MLOs.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on 2/8/2022 (87 FR 7162) under Docket Number: CFPB-
2022-0010. The Bureau is soliciting comments 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 submitted in response to this 
notice will be submitted to OMB as part of its review of this request. 
All comments will become a matter of public record.

Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2022-11148 Filed 5-23-22; 8:45 am]
BILLING CODE 4810-AM-P