Federal Register: October 26, 2009 (Volume 74, Number 205)
DOCID: fr26oc09-139 FR Doc E9-25634
DEPARTMENT OF THE TREASURY
Thrift Supervision Office
NOTICE: NOTICES
DOCID: fr26oc09-139
DOCUMENT ACTION: Notice and request for comment.
SUBJECT CATEGORY:
Loan Application Register (HMDA)
DATES: Submit written comments on or before November 25, 2009. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.
DOCUMENT SUMMARY:
The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal.
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals
SUPPLEMENTAL INFORMATION
OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection.
Title of Proposal: Loan Application Register (HMDA).
OMB Number: 15500021.
Form Number: N/A.
Regulation requirement: 12 CFR Part 203.
Description: The Home Mortgage Disclosure Act (HMDA), 12 U.S.C. 2801, requires this collection of information. In accordance with the HMDA, the Board of Governors of the Federal Reserve System (FRB) promulgates and administers HMDA regulations, which are prescribed as part of the FRB's Regulation C (12 CFR 203), implementing the HMDA (12 U.S.C. 28012810). HMDA forms as well as collection and recordkeeping requirements are approved under OMB Control No. 71000247. The FRB supporting statement forms the decisional basis for the OMB action. This submission discusses the burden imposed by Regulation C on the institutions OTS regulates.
The data on loan applications collected under HMDA assist OTS in analyzing lending patterns for possible discrimination. OTS examiners use the data to scope for compliance with the fair lending laws (Equal Credit Opportunity Act, Fair Housing Act, and OTS's Nondiscrimination regulation), as well as for compliance with HMDA itself. Examiners also use HMDA data to determine whether associations are helping to meet the credit needs of their communities as required by the Community Reinvestment Act.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents: 588.
Estimated Response Time: 0.03 hours per application (approximately 8,361 applications per LAR).
Estimated Burden Hours per Response: 147,488 hours.
Estimated Frequency of Response: Annually.
Estimated Total Burden: 147,488 hours.
Clearance Officer: Ira L. Mills, (202) 9066531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
Dated: October 20, 2009.
Ira L. Mills,
Paperwork Clearance Officer, Office of Thrift Supervision.
[FR Doc. E925634 Filed 102309; 8:45 am]
BILLING CODE 672001P
FOR FURTHER INFORMATION CONTACT
For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at ira.mills@ots.treas.gov, (202) 9066531, or facsimile number (202) 906 6518, Regulations and Legislation Division, Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.