[Federal Register Volume 87, Number 129 (Thursday, July 7, 2022)]
[Notices]
[Pages 40514-40515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14473]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2022-0046]


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 ``Interstate Land Sales Full 
Disclosure Act (Regulations J, K, and L)'' approved under OMB Control 
Number 3170-0012.

DATES: Written comments are encouraged and must be received on or 
before August 8, 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: Interstate Land Sales Full Disclosure Act 
(Regulations J, K, and L).
    OMB Control Number: 3170-0012.
    Type of review: Extension of a currently approved information 
collection.
    Affected Public: Businesses and other for-profit institutions.
    Estimated Number of Respondents: 197.
    Estimated Total Annual Burden Hours: 3,412.
    Abstract: The Interstate Land Sales Full Disclosure Act (ILSA) 
requires land developers to register subdivisions of 100 or more non-
exempt lots with the Bureau before selling or leasing the lots, and to 
provide each lot purchaser with a disclosure document designated as a 
property report, 15 U.S.C. 1703-1704. ILSA was enacted in response to a 
nationwide proliferation of developers of unimproved subdivisions who 
made elaborate, and often fraudulent, claims about their land to 
unsuspecting lot purchasers. Information is submitted to the Bureau to 
assure compliance with ILSA and the implementing regulations. The 
Bureau also investigates developers who are not in compliance with the 
regulations.
    Request for Comments: The Bureau published a 60-day Federal 
Register notice on 4/7/2022 (87 FR 20393) under Docket Number: CFPB-
2022-0020. 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

[[Page 40515]]

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. 2022-14473 Filed 7-6-22; 8:45 am]
BILLING CODE 4810-AM-P