[Federal Register: May 12, 2005 (Volume 70, Number 91)]
[Notices]
[Page 25157-25158]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12my05-164]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Revision of an
Information Collection; Comment Request
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 the general public and other Federal
agencies to take this opportunity to comment on a continuing
information collection, as required by the Paperwork Reduction Act of
1995. An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number. The OCC is soliciting comment
concerning its information collection titled, ``Fair Housing Home Loan
Data System Regulation--12 CFR 27.''
DATES: You should submit your comments by July 11, 2005.
ADDRESSES: You should direct all written comments to: Communications
Division, Office of the Comptroller of the Currency, Public Information
Room, Mailstop 1-5, Attention: 1557-0159, 250 E Street, SW.,
Washington, DC 20219. In addition, comments may be sent by fax to (202)
874-4448, or by electronic mail to regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at the OCC's Public Information
Room, 250 E Street, SW., Washington, DC 20219. You can make an
appointment to inspect the comments by calling (202) 874-5043.
Additionally, you should send a copy of your comments to Mark
Menchik, OMB Desk Officer, 1557-0159, Office of Management and Budget,
New Executive Office Building, Room 3208, Washington, DC 20503.
Electronic mail address is mmenchik@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: You can request additional information
from Mary Gottlieb, OCC Clearance Officer, or Camille Dixon, (202) 874-
5090, Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC is proposing to revise the following
information collection:
Title: Fair Housing Home Loan Data System Regulation--12 CFR 27.
OMB Number: 1557-0159.
Description: This submission covers an existing regulation, which
has not changed. The change in burden is due solely to the decrease in
the number of national banks.
The Fair Housing Act (42 U.S.C. 3605) prohibits discrimination in
the financing of housing on the basis of race, color, religion, sex, or
national origin. The Equal Credit Opportunity Act (15 U.S.C. 1691 et
seq.) prohibits discrimination in any aspect of a credit transaction on
the basis of race, color, religion, national origin, sex, marital
status, age, receipt of income from public assistance, or exercise of
any right under the Consumer Credit Protection Act. The information
collection requirements ensure bank compliance with applicable Federal
law, further bank safety and soundness, provide protections for banks
and the public, and further public policy interests.
The information collection requirements in 12 CFR part 27 are as
follows: Section 27.3 requires a national bank that is required to
collect data on home loans under 12 CFR part 203 to present the data on
Federal Reserve Form FR HMDA-LAR, or in automated format in accordance
with the HMDA-LAR instructions, and to include one additional item (the
reason for denial) on the HMDA-LAR. Section 27.3 also lists exceptions
to the HMDA-LAR recordkeeping requirements. Section 27.3 further lists
the information banks should obtain from an applicant as part of a home
loan application, and states information that a bank must disclose to
an applicant.
Section 27.4 states that the OCC may require a national bank to
maintain a Fair Housing Inquiry/Application Log if there is reason to
believe that the bank is engaging in discriminatory practices or if
analysis of the data compiled by the bank under the Home Mortgage
Disclosure Act (12 U.S.C. 2801 et seq.) and 12 CFR part 203 indicates a
pattern of significant variation in the number of home loans between
census tracts with similar incomes and home ownership levels
differentiated only by race or national origin.
Section 27.5 requires a national bank to maintain the information
for 25 months after the bank notifies the applicant of action taken on
an application, or after withdrawal of an application.
Section 27.7 requires a national bank to submit the information to
the OCC upon its request, prior to a scheduled examination.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,908.
Estimated Total Annual Responses: 1,908.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 3,476 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 agency, including whether
the information has practical utility;
(b) The accuracy of the agency'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 startup costs and costs of operation,
maintenance,
[[Page 25158]]
and purchase of services to provide information.
Dated: May 5, 2005.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 05-9449 Filed 5-11-05; 8:45 am]
BILLING CODE 4810-33-P