Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices 2033 

2This notice does not apply to the Prepaid 

Account Provisions of Regulation E, which are 

approved under OMB Control No. 1557–0346. 

1On November 5, 2020, the OCC published a 60- 

day notice for this information collection, 84 FR 

70711. 

Regulation E—12 CFR 1005—Electronic 

Fund Transfers 2

This regulation carries out the 

purposes of the Electronic Fund 

Transfer Act (15 U.S.C. 1693 et seq.), 

which establishes the basic rights, 

liabilities, and responsibilities of 

consumers who use electronic fund 

transfers and remittance transfer 

services and of financial institutions or 

other persons that offer these services. 

Regulation M—12 CFR 1013— 

Consumer Leasing 

This regulation implements the 

consumer leasing provisions of the 

Truth in Lending Act, including by 

requiring meaningful disclosure of 

leasing terms. 

Regulation Z—12 CFR 1026—Truth in 

Lending 

This regulation is intended to 

promote the informed use of consumer 

credit by requiring disclosures about its 

terms and cost, including to ensure that 

consumers are provided with greater 

and more timely information on the 

nature and costs of the residential real 

estate settlement process, and to effect 

certain changes in the settlement 

process for residential real estate that 

will result in more effective advance 

disclosure to home buyers and sellers of 

settlement costs. The regulation gives 

consumers the right to cancel certain 

credit transactions that involve a lien on 

a consumer’s principal dwelling, 

regulates certain credit card practices, 

and provides a means for fair and timely 

resolution of credit billing disputes. 

Other provisions include rules specific 

to credit card accounts, certain 

dwelling-secured transactions, homeequity plans, and private education 

loans. 

Regulation DD—12 CFR 1030—Truth in 

Savings 

This regulation requires depository 

institutions to provide disclosures to 

enable consumers to make meaningful 

comparisons among accounts at 

depository institutions. 

Regulation CC—12 CFR 229— 

Availability of Funds and Collection of 

Checks 

This regulation includes timeframes 

to govern the availability of funds 

deposited in checking accounts, rules to 

govern the collection and return of 

checks and electronic checks, and 

general provisions to govern the use of 

substitute checks. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

1,110. 

Estimated Annual Burden: 2,937,280 

hours. 

Frequency of Response: On occasion. 

Comments: The OCC issued a notice 

for 60 days of comment on October 2, 

2020, 85 FR 62367. 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 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the information collection 

burden; 

(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. 

Bao Nguyen, 

Principal Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2021–00240 Filed 1–8–21; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Fair Housing Home Loan Data System 

Regulation 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

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 (PRA). An agency 

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 the 

information collection titled ‘‘Fair 

Housing Home Loan Data System 

Regulation.’’ The OCC also is giving 

notice that it has sent the collection to 

OMB for review. 

DATES: Comments must be submitted on 

or before February 10, 2021. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, 1557– 

0159, Office of the Comptroller of the 

Currency, 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) 465–4326. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0159’’ 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. 

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. 

You may review comments and other 

related materials that pertain to this 

information collection 1 following the 

close of the 30-day comment period for 

this notice by the following method: 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Click on the 

‘‘Information Collection Review’’ tab. 

Underneath the ‘‘Currently under 

Review’’ section heading, from the dropdown menu select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0159’’ or ‘‘Fair Housing Home 

Loan Data System Regulation.’’ Upon 


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2034 Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices 

2 12 CFR part 1003. 

3 12 U.S.C. 2801 et seq. 

4The OCC issued part 27 as part of a settlement 

agreement in a case in which the plaintiffs alleged 

that Federal agencies, including the OCC, were 

obligated to exercise supervisory and regulatory 

powers to prevent discrimination in home mortgage 

lending under Title VIII of the Civil Rights Act of 

1968 (Fair Housing Act). See National Urban 

League, et al. v. Office of the Comptroller of the 

Currency, et al., 78 FRD. 543, 544 (D.D.C. May 3, 

1978) (Defendants were the OCC, FRB, FDIC, and 

FHLBB). For discussion of this case, see 44 FR 

63084, 63084 (Nov. 2, 1979). 

5 12 CFR 27.3(a)(1)(i). 

6 12 CFR 27.3(a)(5). 

7 12 CFR 27.3(a)(2). 

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, OCC Clearance 

Officer, (202) 649–5490 or, for persons 

who are deaf or hearing impaired, TTY, 

(202) 649–5597, Chief Counsel’s Office, 

Office of the Comptroller of the 

Currency, 400 7th Street SW, 

Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), 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. The OCC 

asks that it renew the collection in this 

notice. 

Title: Fair Housing Home Loan Data 

System Regulation. 

OMB Control No.: 1557–0159. 

Type of Review: Regular review. 

Description: Part 27 requires certain 

national banks to record certain 

information, and all national banks to 

retain certain information. Specifically, 

national banks must record certain 

home loan data if they: (1) Are 

otherwise required to maintain and 

report data pursuant to Regulation C,2

which implements the Home Mortgage 

Disclosure Act (HMDA),3 in which case 

they are HMDA reporters, or (2) receive 

more than 50 home loan applications 

annually.4 Specifically, national banks 

that are HMDA reporters meet the part 

27 requirement by recording HMDA 

data along with the reasons for denying 

any loan application on the HMDA Loan 

Application/Register (LAR).5 A national 

bank that is not a HMDA reporter but 

that receives more than 50 home loan 

applications annually must comply with 

part 27 by either: (1) Recording and 

reporting HMDA data and denial 

reasons on the LAR as if they were a 

HMDA reporter,6 or (2) recording and 

maintaining part 27-specified activity 

data relating to aggregate numbers of 

certain types of loans by geography and 

action taken.7 Part 27 also requires that 

all national banks, including those not 

subject to the recording requirements, to 

maintain certain application and loan 

information in loan files. It further 

provides that the OCC may require 

national banks to maintain and submit 

additional information if there is reason 

to believe that the bank engaged in 

discrimination. 

The requirements in part 27 are as 

follows: 

• 12 CFR 27.3(a)(1) requires provision 

of the data that national banks are 

required to collect on home loans 

pursuant to Regulation C. 

• Section 27.3(a)(2) requires national 

banks that receive more than 50 

applications but are not HMDA 

reporters to collect certain information 

quarterly. 

• Section 27.3(a) also lists exceptions 

to the HMDA–LAR recordkeeping 

requirements. 

• 12 CFR 27.3(b) lists the information 

national banks must attempt to obtain 

from an applicant as part of a home loan 

application and sets forth the 

information that banks must disclose to 

an applicant. 

• 12 CFR 27.3(c) sets forth additional 

information national banks must 

maintain in each of their home loan 

files. 

• 12 CFR 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 

including if: (1) There is reason to 

believe that the bank is prescreening, or 

otherwise engaging in discriminatory 

practices on a prohibited basis, (2) 

complaints filed with the Comptroller or 

letters in the Community Reinvestment 

Act file are found to be substantive in 

nature, indicating that the bank’s home 

lending practices are, or may be, 

discriminatory, or (3) analysis of the 

data compiled by the bank under the 

Home Mortgage Disclosure Act (12 

U.S.C. 2801 et seq.) and Regulation C 

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. 

• 12 CFR 27.5 requires a national 

bank to maintain the information 

required by § 27.3 for 25 months after 

the bank notifies the applicant of action 

taken on an application or after 

withdrawal of an application. 

• 12 CFR 27.7 requires a national 

bank to submit to the OCC, upon request 

prior to a scheduled examination, the 

information required by §§ 27.3(a) and 

27.4. Non-HMDA reporters with more 

than 50 applications are required to 

submit this data using the Monthly 

Home Loan Activity Format form in 

Appendix I to part 27 and the Home 

Loan Data Submission Form in 

Appendix IV to part 27, except that 

there is an additional exclusion for 

national banks with fewer than 75 

applications. Specifically, section 

27.7(c)(3) states that a bank with fewer 

than 75 home loan applications in the 

preceding year is not required to submit 

such forms unless the home loan 

activity is concentrated in the few 

months preceding the request for data, 

indicating the likelihood of increased 

activity over the subsequent year, or 

there is cause to believe that a bank is 

not in compliance with the fair housing 

laws based on prior examinations and/ 

or complaints, among other factors. 

• § 27.7(d) provides that if there is 

cause to believe that a national bank is 

in noncompliance with fair housing 

laws, the Comptroller may require 

submission of additional Home Loan 

Data Submission Forms. The 

Comptroller may also require 

submission of the information 

maintained under § 27.3(a) and Home 

Loan Data Submission Forms at more 

frequent intervals than specified. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

956. 

Estimated Annual Burden: 19,864 

hours. 

Frequency of Response: On occasion. 

Comments: On November 5, 2020, the 

OCC published a 60-day notice for this 

information collection, 84 FR 70711. No 

comments were received. Comments 

continue to be invited on: 

(a) Whether the collections of 

information are 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 

estimates of the information collection 

burden; 

(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 


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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices 2035 

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. 

Bao Nguyen, 

Principal Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2021–00239 Filed 1–8–21; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; U.S. 

Business Income Tax Return Forms 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit 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. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before February 10, 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 submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: Today, 

over 90 percent of all business entity tax 

returns are prepared using software by 

the taxpayer or with preparer assistance. 

The forms and related schedules and 

regulations approved under OMB 

Control Number 1545–0123 are used by 

business taxpayers. These include 

Forms 1065, 1066, 1120, 1120–C, 1120– 

F, 1120–H, 1120–ND, 1120–S, 1120–SF, 

1120–FSC, 1120–L, 1120–PC, 1120– 

REIT, 1120–RIC, 1120–POL, and related 

schedules, that business entity 

taxpayers attach to their tax returns (see 

Appendix A for this notice). In addition, 

there are numerous OMB numbers that 

report burden already included in this 

OMB number. In order to eliminate this 

duplicative burden reporting, 163 OMB 

numbers are being obsoleted. See 

Appendix B for information on the 

obsoleted OMB numbers and the burden 

that was previously reported under 

those numbers. 

Tax Compliance Burden 

Tax compliance burden is defined as 

the time and money taxpayers spend to 

comply with their tax filing 

responsibilities. Time-related activities 

include recordkeeping, tax planning, 

gathering tax materials, learning about 

the law and what you need to do, and 

completing and submitting the return. 

Out-of-pocket costs include expenses 

such as purchasing tax software, paying 

a third-party preparer, and printing and 

postage. Tax compliance burden does 

not include a taxpayer’s tax liability, 

economic inefficiencies caused by suboptimal choices related to tax 

deductions or credits, or psychological 

costs. 

PRA Submission to OMB 

Title: U.S. Business Income Tax 

Return. 

OMB Control Number: 1545–0123. 

Form Numbers: Forms 1065, 1066, 

1120, 1120–C, 1120–F, 1120–H, 1120– 

ND, 1120–S, 1120–SF, 1120–FSC, 1120– 

L, 1120–PC, 1120–REIT, 1120–RIC, 

1120–POL and all attachments to these 

forms (see the Appendix to this notice). 

Abstract: These forms are used by 

businesses to report their income tax 

liability. 

Current Actions: There have been 

changes in regulatory guidance related 

to various forms approved under this 

approval package during the past year. 

There has been additions and removals 

of forms included in this approval 

package. These changes will have an 

impact on the overall burden and cost 

estimates requested for this approval 

package, however these estimates were 

not finalized at the time of release of the 

60-day Federal Register notice on 

November 3, 2020 (85 FR 69687). The 

estimated burden figures have been 

updated and summarized below. 

Type of Review: Revision of currently 

approved collections. 

Affected Public: Corporations and 

Pass-Through Entities. 

Estimated Number of Respondents: 

11,800,000. 

Total Estimated Time: 1.085 billion 

hours. 

Estimated Time per Respondent: 85 

hours (partnerships), 135 hours 

(corporations), 80 hours (pass-through 

corporations). 

Total Estimated Out-of-Pocket Costs: 

$44.279 billion. 

Estimated Out-of-Pocket Cost per 

Respondent: $3,800 (partnerships), 

$5,700 (corporations), $3,000 (passthrough corporations). 

Total Monetized Burden: $95.803 

billion. 

Estimated Total Monetized Burden 

per Respondent: $7,700 (partnerships), 

$14,100 (corporations), $6,200 (passthrough corporations). 

Note: Amounts below are for 

estimates for FY 2021. Reported time 

and cost burdens are national averages 

and do not necessarily reflect a 

‘‘typical’’ case. Most taxpayers 

experience lower than average burden, 

with taxpayer burden varying 

considerably by taxpayer type. Totals 

may not add due to rounding. 

FISCAL YEAR 2021 ESTIMATES FOR FORM 1120 AND 1065 SERIES OF RETURNS AND FORMS AND SCHEDULES

FY 20 Change in burden FY 21 

Number of Taxpayers ................................................................................................ 12,000,000 (200,000) 11,800,000 

Burden in Hours ......................................................................................................... 3,344,000,000 (2,259,000,000) 1,085,000,000 

Burden in Dollars ....................................................................................................... $61,558,000,000 ($17,279,000,000) $44,279,000,000 

Monetized Total Burden ............................................................................................ $190,981,000,000 $(95,178,000,000) $95,803,000,000 

Tables 1, 2, and 3 below show the 

burden model estimates for each of the 

three classifications of business 

taxpayers: Partnerships (Table 1), 

corporations (Table 2) and S 

corporations (Table 3). As the tables 

show, the average filing compliance is 

different for the three forms of business. 

Showing a combined average burden for 

all businesses would understate the 

burden for corporations and overstate 

the burden for the two pass-through 


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