[Federal Register: September 8, 2008 (Volume 73, Number 174)]
[Notices]
[Page 52080-52081]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08se08-114]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Submission for OMB
Review; 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.'' The OCC is also giving notice that
it has submitted the collection to OMB for review.
DATES: You should submit your comments by October 8, 2008.
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. For security reasons,
the OCC requires that visitors make an appointment to inspect comments.
You may do so by calling (202) 874-5043. Upon arrival, visitors will be
required to present valid government-issued photo identification and
submit to security screening in order to inspect and photocopy
comments.
Additionally, you should send a copy of your comments to OCC Desk
Officer, 1557-0159, by mail to U.S. Office of Management and Budget,
725 17th Street, NW., 10235, Washington, DC 20503, or by fax
to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: You can request additional information
from Mary H. Gottlieb, OCC Clearance Officer, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
[[Page 52081]]
SUPPLEMENTARY INFORMATION: The OCC is proposing to revise the following
information collection:
Title: Fair Housing Home Loan Data System Regulation--12 CFR Part
27.
OMB Control No.: 1557-0159.
Description: 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 OCC
is responsible for ensuring that national banks comply with those laws.
This information collection is needed to promote national bank
compliance and for OCC to fulfill its statutory responsibilities.
The information collection requirements in 12 CFR part 27 are as
follows:
Section 27.3(a) 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,\1\ 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(a) also lists exceptions to the HMDA-LAR recordkeeping
requirements.
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\1\ Loan Application Register, http://www.ffiec.gov/hmda/doc/
hmdalar2007.doc.
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Section 27.3(b) 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 27.3(c) sets forth additional information required
to be kept in the loan file.
Section 27.4 states that the OCC may require a national
bank to maintain a Fair Housing Inquiry/Application Log found in
Appendix III to part 27 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 required by Sec. 27.3 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 required by Sec. Sec. 27.3(a) and 27.4 to the OCC upon its
request, prior to a scheduled examination using the Monthly Home Loan
Activity Format form in Appendix I to part 27 and the Home Loan Data
Form in Appendix IV to part 27.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,712.
Estimated Total Annual Responses: 2,871.
Estimated Frequency of Response: On occasion.
Estimated Time Per Respondent: 2.68 hours.
Estimated Total Annual Burden: 4,595.84 hours.
A 60-day Federal Register notice was issued on June 24, 2008. 73 FR
35722. No comments were received. Comments continue to be 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, and purchase of services to provide information.
Dated: September 2, 2008.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E8-20682 Filed 9-5-08; 8:45 am]
BILLING CODE 4810-33-P