[Federal Register Volume 90, Number 115 (Tuesday, June 17, 2025)]
[Notices]
[Pages 25746-25748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-11109]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Regulation C--Home Mortgage Disclosure
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
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collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The OCC is soliciting
comment concerning the renewal of its information collection titled,
``Regulation C--Home Mortgage Disclosure.''
DATES: Comments must be received by August 18, 2025.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0345, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0345'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, 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 include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Following the close of this notice's 60-day comment period, the OCC
will publish a second notice with a 30-day comment period. You may
review comments and other related materials that pertain to this
information collection beginning on the date of publication of the
second notice for this collection by the method set forth in the next
bullet.
Viewing Comments Electronically: Go to www.reginfo.gov.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0345'' or
``Regulation C--Home Mortgage Disclosure.'' Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from the OMB for each collection
of information that they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to
include agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of title 44 generally requires Federal agencies
to provide a 60-day notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
of an existing collection of information, before submitting the
collection to OMB for approval. To comply with this requirement, the
OCC is publishing notice of the renewal of this collection.
Title: Regulation C--Home Mortgage Disclosure.
OMB Control No.: 1557-0345.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: The Consumer Financial Protection Bureau's (CFPB),
Regulation C,\1\ which implements the Home Mortgage Disclosure Act
(HMDA) \2\ requires certain depository and non-depository institutions
that make certain mortgage loans to collect, report, and disclose data
about originations and purchases of mortgage loans as well as data
about loan applications that do not result in originations. HMDA
requires the generation of loan data that can be used to: (1) help
determine whether depository and non-depository institutions are
serving the housing needs of their communities; (2) assist public
officials in distributing public-sector investments so as to attract
private investment to areas where it is needed; and (3) assist in
identifying possible discriminatory lending patterns and enforcing
anti-discrimination statutes.
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\1\ 12 CFR part 1003.
\2\ 12 U.S.C. 2801 et. seq.
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Twelve CFR 1003.5 requires the disclosure and reporting of data on
mortgage loans. Section 1003.5(a)(1)(i) provides that by March 1
following the calendar year for which data are collected and recorded,
a financial institution must submit its annual loan/application
register in electronic format to the appropriate Federal agency at the
address identified by such agency. An authorized representative of the
financial institution with knowledge of the data submitted must certify
to the accuracy and completeness of data submitted. The financial
institution must retain a copy of its annual loan/application register
for at least three years.
Section 1003.5(a)(1)(ii) provides that within 60 calendar days
after the end of each calendar quarter, except the fourth quarter, a
financial institution that reported for the preceding calendar year at
least 60,000 covered loans and applications, combined, excluding
purchased covered loans, must submit to the appropriate Federal agency
its loan/application register containing all data required to be
recorded for that quarter. The financial institution must submit its
quarterly loan/application register in electronic format at the address
identified by the appropriate Federal agency for the institution.
Under section 1003.5(a)(2), a financial institution that is a
subsidiary of a bank or savings association must complete a separate
loan/application register. The subsidiary must submit the loan/
application register, directly or through its parent, to the
appropriate Federal agency for the subsidiary's parent at the address
identified by the agency.
Section 1003.5(b)(1) provides that the Federal Financial
Institutions Examination Council (FFIEC) will make available a
disclosure statement based on the data each financial institution
submits for the preceding calendar year.
Section 1003.5(b)(2) provides that no later than three business
days after receiving notice from the FFIEC that a financial
institution's disclosure statement is available, the financial
institution must make available to the public upon request at its home
office, and each branch office physically located in each Metropolitan
Statistical Area (MSA) and each Metropolitan Division (MD), a written
notice that clearly conveys that the institution's disclosure statement
may be obtained
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on the CFPB's website. A financial institution must make this notice
available for a period of five years.
Section 1003.5(c)(1) provides that a financial institution must
make available to the public upon request at its home office, and each
branch office physically located in each MSA and each MD, a written
notice that clearly conveys that the institution's loan/application
register, as modified by the CFPB to protect applicant and borrower
privacy, may be obtained on the CFPB's website. A financial institution
shall make available the notice following the calendar year for which
the data are collected. A financial institution must make the notice
available to the public for a period of three years.
Section 1003.5(d)(2) provides that a financial institution may make
available to the public, at its discretion, its disclosure statement or
its loan/application register, as modified by the CFPB to protect
applicant and borrower privacy.
Section 1003.5(e) provides that a financial institution must post a
general notice about the availability of its HMDA data in the lobby of
its home office and of each branch office physically located in each
MSA and each MD. This notice must clearly convey that the institution's
HMDA data is available on the CFPB's website.
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 504.
Estimated Total Annual Burden: 504,190 hours.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will become
a matter of public record. Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-11109 Filed 6-16-25; 8:45 am]
BILLING CODE 4810-33-P