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###### National Credit Union Administration

# AGENCY:

National Credit Union Administration (NCUA).

# ACTION:

Notice.

# SUMMARY:

The National Credit Union Administration (NCUA) will be submitting the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995 on or after the date of publication of this notice.

# DATES:

Comments should be received on or before January 21, 2021 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.                    

# FOR FURTHER INFORMATION CONTACT:

                        Copies of the submission may be obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing                         *PRAComments@ncua.gov,*                         or viewing the entire information collection request at                         *www.reginfo.gov.*

# SUPPLEMENTARY INFORMATION:

*OMB Number:*                     3133-0067.                

*Title:*                     Corporate Credit Union Monthly Call Report and Annual Report of Officers.                

*Form:*                     NCUA 5310.                

*Abstract:*                     Section 202(a)(1) of the Federal Credit Union Act (Act) requires federally insured credit unions to make reports of condition to the NCUA Board upon dates selected by it. Corporate credit unions report this information monthly on NCUA Form 5310, also known as the Corporate Credit Union Call Report. The financial and statistical information is essential to NCUA in carrying out its responsibility for supervising corporate credit unions. The Federal Credit Union Act, 12 U.S.C. 1762, specifically requires federal credit unions to report the identity of credit union officials. Section 741.6(a) requires federally-insured credit unions to submit a Report of Officials annually to NCUA containing the annual certification of compliance with security requirements. The branch information is requested under the authority of § 741.6 of the NCUA Rules and Regulations.                

NCUA utilizes the information to monitor financial conditions in corporate credit unions and to allocate supervision and examination resources.

*Type of Review:*                     Revision of a currently approved collection.                

*Affected Public:*                     Private Sector: Not-for-profit institutions.                

*Estimated Total Annual Burden Hours:*                     539.                

*OMB Number:*                     3133-0186.                

*Title:*                     Higher-Risk Mortgage Appraisals.                

*Abstract:*                     Section 1471 of the Dodd-Frank Act established Truth in Lending section 129H, which contains appraisal requirements applicable to higher-risk mortgages and prohibits a creditor from extending credit in the form of a higher-risk mortgage loan to any consumer without meeting those requirements. A higher-risk mortgage is defined as a residential mortgage loan secured by a principal dwelling with an annual percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set by certain enumerated percentage point spreads. To implement this statutory requirement, a final rule was promulgated to amend 12 CFR part 1026, Regulation Z.                

The recordkeeping and disclosure requirements prescribed under § 1026.35 are necessary to protect consumers, and promote the safety and soundness of creditors making higher-risk mortgage loans.

*Type of Review:*                     Extension of a currently approved collection.                

*Affected Public:*                     Private Sector: Not-for-profit institutions.                

*Estimated Total Annual Burden Hours:*                     276.                

By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on December 16, 2020.

Dated: December 17, 2020.

Dawn D. Wolfgang,

NCUA PRA Clearance Officer.

[FR Doc. 2020-28182 Filed 12-21-20; 8:45 am]

BILLING CODE 7535-01-P