Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 35477 

1 12 CFR 1002 (Reg. B) (76 FR 79442, Dec. 21, 

2011) (81 FR 25323, Apr. 28, 2016); 12 CFR 1005 

(Reg. E) (76 FR 81020, Dec. 27, 2011); (81 FR 25323, 

Apr. 28, 2016) 12 CFR 1013 (Reg. M) (76 FR 78500, 

Dec. 19, 2011) (81 FR 25323, Apr. 28, 2016); 12 CFR 

1026 (Reg. Z) (76 FR 79768, Dec. 22, 2011) (81 FR 

25323, Apr. 28, 2016). 

2 Generally, these are dealers ‘‘predominantly 

engaged in the sale and servicing of motor vehicles, 

the leasing and servicing of motor vehicles, or 

both.’’ See Dodd-Frank Act, § 1029(a)–(c). 

3See Dodd-Frank Act, § 1075 (these requirements 

are implemented through Board Regulation II, 12 

CFR 235, rather than EFTA’s implementing 

Regulation E). 

4This covers a myriad of entities that provide 

credit to consumers, as well as BCFP retaining 

concurrent jurisdiction over certain types of motor 

vehicle dealers. See Dodd-Frank Act § 1029(a), as 

limited by subsection (b) as to motor vehicle 

dealers. Subsection (b) does not preclude BCFP 

regulatory oversight regarding, among others, 

businesses that extend retail credit or retail leases 

for motor vehicles in which the credit or lease 

offered is provided directly from those businesses 

to consumers, where the contract is not routinely 

assigned to unaffiliated third parties. 

5See Dodd-Frank Act § 1029(a)–(c) regarding 

motor vehicle dealers, as limited by subsection (b) 

Continued 

Trust, Kaysville, Utah; Lorilynn Bennion 

Browning, as Trustee of The Anthony S. 

Browning Trust, Kaysville, Utah; 

Patricia Ann Browning, as Trustee of 

The Browning Family Irrevocable Trust 

FBO Patricia Ann Browning and The 

Patricia A. Browning Trust, Ogden, 

Utah; Carolyn Browning Schumacher, 

as Trustee of The Browning Family 

Irrevocable Trust FBO Carolyn Browning 

Schumacher and The Carolyn B. 

Schumacher Trust, Saint George, Utah; 

Cary Bryan Schumacher, as Trustee of 

The Carolyn B. Schumacher Trust, Saint 

George, Utah; Benjamin Frank 

Browning, individually and as Trustee 

of The Frank W. Browning Trust, 

Pleasant View, Utah; Bryan Mann 

Browning, individually and as Trustee 

of The Jonathan W. Browning Trust, 

South Ogden, Utah; Jonathan Bennion 

Browning, individually and as Trustee 

of The Anthony S. Browning Trust, 

Kaysville, Utah; Roderick Clayton 

Browning, individually and as Trustee 

of The Jonathan W. Browning Trust, 

Riverdale, Utah; Reese Browning 

Schumacher, individually and as 

Trustee of The Carolyn B. Schumacher 

Trust, Saint George, Utah; Samuel 

Frank Browning, Kaysville, Utah; 

Kristen Robinson Browning, as Trustee 

of The Joshua and Kristen Browning 

Trust dated 01/03/2014, Ogden, Utah; 

Spencer Thomas Browning, Ogden, 

Utah; Joseph Stuart Browning, Kaysville, 

Utah; Katie Lynn Browning, Ogden, 

Utah; Isaac Cox Browning, Kaysville, 

Utah; Natalie Marie Browning, 

Kaysville, Utah; Richard Clayton 

Browning, Ogden, Utah; Mary Elizabeth 

Schumacher, Saint George, Utah, and 

Andrew David Browning Centerville, 

Utah; to retain shares of BOU Bancorp, 

Inc., and thereby retain shares of Bank 

of Utah, both of Ogden, Utah. 

Board of Governors of the Federal Reserve 

System, July 23, 2018. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2018–15988 Filed 7–25–18; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Extension 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 

1995, the FTC is seeking public 

comments on its request to the Office of 

Management and Budget (‘‘OMB’’) to 

extend for three years the current PRA 

clearances for the information collection 

requirements in four consumer financial 

regulations that the Commission 

enforces. Those clearances expire on 

July 31, 2018. 

DATES: Comments must be filed by 

August 27, 2018. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Regs BEMZ, PRA 

Comments, P084812’’ on your comment 

and file your comment online at https:// 

ftcpublic.commentworks.com/ftc/Regs

BEMZpra2 by following the instructions 

on the web-based form. If you prefer to 

file your comment on paper, mail your 

comment to the following address: 

Federal Trade Commission, Office of the 

Secretary, 600 Pennsylvania Avenue 

NW, Suite CC–5610 (Annex J), 

Washington, DC 20580, or deliver your 

comment to the following address: 

Federal Trade Commission, Office of the 

Secretary, Constitution Center, 400 7th 

Street SW, 5th Floor, Suite 5610 (Annex 

J), Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the proposed information 

requirements should be addressed to 

Carole Reynolds or Stephanie 

Rosenthal, Attorneys, Division of 

Financial Practices, Bureau of Consumer 

Protection, Federal Trade Commission, 

600 Pennsylvania Ave. NW, 

Washington, DC 20580, (202) 326–3224. 

SUPPLEMENTARY INFORMATION: On April 

3, 2018, the FTC sought public comment 

on the information collection 

requirements associated with the four 

consumer financial regulations at issue. 

83 FR 14273. No relevant comments 

were received. The four regulations 

covered by that and this Notice were 

and are, respectively: 

(1) Regulations promulgated under 

the Equal Credit Opportunity Act, 15 

U.S.C. 1691 et seq. (‘‘ECOA’’) 

(‘‘Regulation B’’) (OMB Control Number: 

3084–0087); 

(2) Regulations promulgated under 

the Electronic Fund Transfer Act, 15 

U.S.C. 1693 et seq. (‘‘EFTA’’) 

(‘‘Regulation E’’) (OMB Control Number: 

3084–0085); 

(3) Regulations promulgated under 

the Consumer Leasing Act, 15 U.S.C. 

1667 et seq. (‘‘CLA’’) (‘‘Regulation M’’) 

(OMB Control Number: 3084–0086); and 

(4) Regulations promulgated under 

the Truth-In-Lending Act, 15 U.S.C. 

1601 et seq. (‘‘TILA’’) (‘‘Regulation Z’’) 

(OMB Control Number: 3084–0088). 

The FTC enforces these statutes as to 

all businesses engaged in conduct that 

these laws cover unless the businesses 

(such as federally chartered or insured 

depository institutions) are subject to 

the regulatory authority of another 

federal agency. 

Under the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(‘‘Dodd-Frank Act’’), Public Law 111– 

203, 124 Stat. 1376 (2010), almost all 

rulemaking authority for the ECOA, 

EFTA, CLA, and TILA transferred from 

the Board of Governors of the Federal 

Reserve System (Board) to the Bureau of 

Consumer Financial Protection (BCFP) 

on July 21, 2011 (‘‘transfer date’’). To 

implement this transferred authority, 

the BCFP published interim final rules 

for new regulations in 12 CFR part 1002 

(Regulation B), 12 CFR part 1005 

(Regulation E), 12 CFR part 1013 

(Regulation M), and 12 CFR 1026 

(Regulation Z) for those entities under 

its rulemaking jurisdiction, which were 

issued as final rules thereafter.1

Although the Dodd-Frank Act 

transferred most rulemaking authority 

under ECOA, EFTA, CLA, and TILA to 

the BCFP, the Board retained 

rulemaking authority for certain motor 

vehicle dealers 2 under these statutes 

and also for certain interchange-related 

requirements under EFTA.3

As a result of the Dodd-Frank Act, the 

FTC and the BCFP generally share the 

authority to enforce Regulations B, E, M, 

and Z for entities for which the FTC had 

enforcement authority before the Act.4

For certain motor vehicle dealers and 

for certain state-chartered credit unions, 

the FTC generally has exclusive 

enforcement jurisdiction.5 The division 


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concerning motor vehicle dealers engaged in direct 

financing for vehicles they sell, lease, or service. 

Subsection (c) recognizes the FTC’s ongoing 

enforcement authority over motor vehicle dealers 

predominantly engaged in the sale and servicing of 

motor vehicles, the leasing and servicing of motor 

vehicles, or both, including those that, among other 

things, assign their contracts to unaffiliated third 

parties. 

The FTC’s enforcement authority also includes 

state-chartered credit unions. In varying ways, other 

federal agencies also have enforcement authority 

over state-chartered credit unions. For example, for 

large credit unions (exceeding $10 billion in assets), 

the BCFP has certain authority. The National Credit 

Union Administration also has certain authority for 

state-chartered federally insured credit unions, and 

it additionally provides insurance for certain statechartered credit unions through the National Credit 

Union Share Insurance Fund and examines statechartered credit unions for various purposes. See 

generally Dodd-Frank Act, §§ 1061, 1025, 1026. 

6As of the third quarter of 2017, there was 

approximately the following number of Statechartered credit unions: 2,347 state-chartered credit 

unions—2,106 federally insured, 125 privately 

insured, and 116 in Puerto Rico insured by a quasigovernmental entity. Because of the difficulty in 

parsing out PRA burden for such entities in view 

of the overlapping agency authority (see supra note 

5), the FTC’s estimates include PRA burden for all 

state-chartered credit unions (rounded to 2,300). 

Similarly, because it is not practicable for PRA 

purposes to estimate the portion of motor vehicle 

dealers that engage in one form of financing versus 

another (and that would or would not be subject to 

BCFP oversight), the FTC staff’s ‘‘carve-out’’ for this 

PRA burden analysis reflects a general estimated 

volume of motor vehicle dealers. These attributions 

of burden estimation for motor vehicle dealers and 

state-chartered credit unions do not bear on actual 

enforcement authority. 

7PRA ‘‘burden’’ does not include ‘‘time, effort, 

and financial resources’’ expended in the normal 

course of business, regardless of any regulatory 

requirement. See 5 CFR 1320.3(b)(2). 

8For example, large companies may use 

computer-based and/or electronic means to provide 

required disclosures, including issuing some 

disclosures en masse, e.g., notice of changes in 

terms. Smaller companies may have less automated 

compliance systems but may nonetheless rely on 

electronic mechanisms for disclosures and 

recordkeeping. Regardless of size, some entities 

may utilize compliance systems that are fully 

integrated into their general business operational 

system; if so, they may have minimal additional 

burden. Other entities may have incorporated fewer 

of these approaches into their systems and thus may 

have a higher burden. 

9The Commission generally does not have 

jurisdiction over banks, thrifts, and federal credit 

unions under the applicable regulations. 

10These inputs are based broadly on mean hourly 

data found within the ‘‘Bureau of Labor Statistics, 

Economic News Release,’’ March 31, 2017, Table 1, 

‘‘National employment and wage data from the 

Occupational Employment Statistics survey by 

occupation, May 2016.’’ http://www.bls.gov/ 

news.release/ocwage.t01.htm. 

11See supra note 7 and accompanying text. 

12See 5 CFR 1320.4(a) (excluding information 

collected in response to, among other things, a 

of PRA burden hours not attributable to 

motor vehicle dealers and, when 

appropriate, to state-chartered credit 

unions, is reflected in the BCFP’s PRA 

clearance requests to OMB, as well as in 

the FTC’s burden estimates below. The 

burden estimates associated with all 

motor vehicle dealers and now, when 

appropriate, the estimated burden 

estimates associated with statechartered credit unions, are reflected in 

the burden summaries below as a 

‘‘carve-out.’’ 6

The regulations impose certain 

recordkeeping and disclosure 

requirements associated with providing 

credit or with other financial 

transactions. Under the PRA, 44 U.S.C. 

3501–3521, Federal agencies must get 

OMB approval for each collection of 

information they conduct or sponsor. 

‘‘Collection of information’’ includes 

agency requests or requirements to 

submit reports, keep records, or provide 

information to a third party. See 44 

U.S.C. 3502(3); 5 CFR 1320.3(c). 

The required recordkeeping and 

disclosures do not impose PRA burden 

on some covered entities because they 

make those disclosures and maintain 

records in their normal course of 

activities.7 For other covered entities 

that do not, their compliance burden 

will vary widely depending on the 

extent to which they have developed 

effective computer-based or electronic 

systems and procedures to communicate 

and document required recordkeeping 

and disclosures.8

Covered entities, may incur some 

burden associated with ensuring that 

they do not prematurely dispose of 

relevant records (i.e., during the time 

span they must retain records under the 

applicable regulation). 

The regulations also require covered 

entities to make disclosures to third 

parties. Related compliance involves 

set-up/monitoring and transactionspecific costs. ‘‘Set-up’’ burden, 

incurred only by covered new entrants, 

includes their identifying the applicable 

required disclosures, determining how 

best to comply, and designing and 

developing compliance systems and 

procedures. ‘‘Monitoring’’ burden, 

incurred by all covered entities, 

includes their time and costs to review 

changes to regulatory requirements, 

make necessary revisions to compliance 

systems and procedures, and to monitor 

the ongoing operation of systems and 

procedures to ensure continued 

compliance. ‘‘Transaction-related’’ 

burden refers to the time and cost 

associated with providing the various 

required disclosures in individual 

transactions, thus, generally, of much 

less magnitude than ‘‘monitoring’’ (or 

‘‘setup’’) burden. The FTC’s estimates of 

transaction time and volume are 

intended as averages. 

Calculating the burden associated 

with the regulations’ requirements is 

very difficult because of the highly 

diverse group of affected entities. The 

‘‘respondents’’ included in the 

following burden calculations consist 

of, among others, credit and lease 

advertisers, creditors, owners (such as 

purchasers and assignees) of credit 

obligations, financial institutions, 

service providers, certain government 

agencies and others involved in 

delivering electronic fund transfers 

(‘‘EFTs’’) of government benefits, and 

lessors.9 The burden estimates represent 

FTC staff’s best assessment, based on its 

knowledge and expertise relating to the 

financial services industry, of the 

average time to complete the 

aforementioned tasks associated with 

recordkeeping and disclosure. Staff 

considered the wide variations in 

covered entities’ (1) size and location; 

(2) credit or lease products offered, 

extended, or advertised, and their 

particular terms; (3) EFT types used; (4) 

types and frequency of adverse actions 

taken; (5) types of appraisal reports 

utilized; and (6) computer systems and 

electronic features of compliance 

operations. 

The cost estimates that follow relate 

solely to labor costs, and they include 

the time necessary to train employees 

how to comply with the regulations. 

Staff calculated labor costs by 

multiplying appropriate hourly wages 

by the burden hours described above. 

The hourly wages used were $56 for 

managerial oversight, $42 for skilled 

technical services, and $17 for clerical 

work. These figures are averages drawn 

from Bureau of Labor Statistics data.10

Further, the FTC cost estimates assume 

the following labor category 

apportionments, except where 

otherwise indicated below: 

Recordkeeping—10% skilled technical, 

90% clerical; disclosure—10% 

managerial, 90% skilled technical. 

The applicable PRA requirements 

impose minimal capital or other nonlabor costs. Affected entities generally 

already have the necessary equipment 

for other business purposes. Similarly, 

FTC staff estimates that compliance 

with these rules entails minimal 

printing and copying costs beyond that 

associated with documenting financial 

transactions in the normal course of 

business. 

The following discussion and tables 

present FTC estimates under the PRA of 

recordkeeping and disclosure average 

time and labor costs, excluding that 

which the FTC believes entities incur 

customarily in the normal course of 

business 11 and information compiled 

and produced in response to FTC law 

enforcement investigations or 

prosecutions.12


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federal civil action or ‘‘during the conduct of an 

administrative action, investigation, or audit 

involving an agency against specific individuals or 

entities’’). 

13Section 1071 of the Dodd-Frank Act amended 

the ECOA to require financial institutions to collect 

and report information concerning credit 

applications by women- or minority-owned 

businesses and small businesses, effective on the 

July 21, 2011 transfer date. Both the BCFP and the 

Board have exempted affected entities from 

complying with this requirement until a date set by 

the prospective final rules these agencies issue to 

implement it. The Commission will address PRA 

burden for its enforcement of the requirement after 

the BCFP and the Board have issued the associated 

final rules. 

14Regulation B contains model forms that 

creditors may use to gather and retain the required 

information. 

15 In contrast to banks, for example, entities under 

FTC jurisdiction are not subject to audits by the 

FTC for compliance with Regulation B; rather they 

may be subject to FTC investigations and 

enforcement actions. This may impact the level of 

self-testing (as specifically defined by Regulation B) 

in a given year, and staff has sought to address such 

factors in its burden estimates. 

16While the rule also requires the creditor to 

provide a short written disclosure regarding the 

appraisal process, the disclosure is provided by the 

BCFP, and is thus not a ‘‘collection of information’’ 

for PRA purposes. See 5 CFR 1320.3(c)(2). 

Accordingly, it is not included in burden estimates 

below. 

17The disclosure may be provided orally or in 

writing. The model form provided by Regulation B 

assists creditors in providing the written disclosure, 

which helps to reduce burden. 

1. Regulation B 

The ECOA prohibits discrimination in 

the extension of credit. Regulation B 

implements the ECOA, establishing 

disclosure requirements to assist 

customers in understanding their rights 

under the ECOA and recordkeeping 

requirements to assist agencies in 

enforcement. Regulation B applies to 

retailers, mortgage lenders, mortgage 

brokers, finance companies, and others. 

Recordkeeping 

FTC staff estimates that Regulation B’s 

general recordkeeping requirements 

affect 530,762 credit firms subject to the 

Commission’s jurisdiction, at an average 

annual burden of 1.25 hours per firm for 

a total of 663,453 hours.13 Staff also 

estimates that the requirement that 

mortgage creditors monitor information 

about race/national origin, sex, age, and 

marital status imposes a maximum 

burden of one minute each (of skilled 

technical time) for approximately 2.6 

million credit applications (based on 

industry data regarding the approximate 

number of mortgage purchase and 

refinance originations), for a total of 

43,333 hours.14 Staff also estimates that 

recordkeeping of self-testing subject to 

the regulation would affect 1,500 firms, 

with an average annual burden of one 

hour (of skilled technical time) per firm, 

for a total of 1,500 hours, and that 

recordkeeping of any corrective action 

as a result of self-testing would affect 

10% of them, i.e., 150 firms, with an 

average annual burden of four hours (of 

skilled technical time) per firm, for a 

total of 600 hours.15 Keeping associated 

records of race/national origin, sex, age, 

and marital status requires an estimated 

one minute of skilled technical time. 

Disclosure 

Regulation B requires that creditors 

(i.e., entities that regularly participate in 

the decision whether to extend credit 

under Regulation B) provide notices 

whenever they take adverse action, such 

as denial of a credit application. It 

requires entities that extend mortgage 

credit with first liens to provide a copy 

of the appraisal report or other written 

valuation to applicants.16 Regulation B 

also requires that for accounts that 

spouses may use or for which they are 

contractually liable, creditors who 

report credit history must do so in a 

manner reflecting both spouses’ 

participation. Further, it requires 

creditors that collect applicant 

characteristics for purposes of 

conducting a self-test to disclose to 

those applicants that: (1) Providing the 

information is optional; (2) the creditor 

will not take the information into 

account in any aspect of the credit 

transactions; and (3) if applicable, the 

information will be noted by visual 

observation or surname if the applicant 

chooses not to provide it.17

Burden Totals 

Recordkeeping: 708,886 hours (631,281 

+ 77,605 carve-out); $14,845,512 

($13,316,477 + $1,529,035 carve-out), 

associated labor costs 

Disclosures: 1,088,912 hours (961,224 + 

127,688 carve-out); $47,258,792 

($41,717,144 + $5,541,648 carve-out), 

associated labor costs 

REGULATION B—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/monitoring 1 Transaction-related 2

Total 

Burden 

Respondents (hours) 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Credit history reporting ............................................................ 133,553 .25 33,388 60,098,850 .25 250,412 283,800 

Adverse action notices ............................................................ 530,762 .75 398,072 92,883,350 .25 387,014 785,086 

Appraisal reports/written valuations ........................................ 4,650 1 4,650 1,725,150 .50 14,376 19,026 

Self-test disclosures ................................................................ 1,500 .5 750 60,000 .25 250 1,000 

Total ................................................................................. ...................... .................... .................... .................... .................... .................... 1,088,912 

1The estimates assume that all applicable entities would be affected, with respect to appraisal reports and other written valuations. Given market changes, the estimated number of these entities is decreased slightly while the estimated number of entities affected by credit history, adverse action and self-test burden is increased 

slightly from the most recently cleared FTC burden estimates. 2Applicable transactions have increased for appraisal reports; however, credit history, adverse action and self-test transactions have decreased, based on market 

changes. 

REGULATION B—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

General recordkeeping .............................................................. 0 $0 66,345 $2,786,490 597,108 $10,150,836 $12,937,326 

Other recordkeeping ................................................................. 0 0 43,333 1,819,986 0 0 1,819,986 

Recordkeeping of self-test ........................................................ 0 0 1,500 63,000 0 0 63,000 

Recordkeeping of corrective action .......................................... 0 0 600 25,200 0 0 25,200 

Total Recordkeeping .......................................................... .................... .................... .................... .................... .................... .................... 14,845,512 

Disclosures: 


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REGULATION B—RECORDKEEPING AND DISCLOSURES—COST—Continued 

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Credit history reporting ...................................................... 28,380 1,589,280 255,420 10,727,640 0 0 12,316,920 

Adverse action notices ....................................................... 78,509 4,396,504 706,577 29,676,234 0 0 34,072,738

Appraisal reports ................................................................ 1,903 106,568 17,123 719,166 0 0 825,734 

Self-test disclosure ............................................................. 100 5,600 900 37,800 0 0 43,400 

Total Disclosures ........................................................ .................... .................... .................... .................... .................... .................... $47,258,792 

Total Recordkeeping and Disclosures ................ .................... .................... .................... .................... .................... .................... $62,104,304 

2. Regulation E 

The EFTA requires that covered 

entities provide consumers with 

accurate disclosure of the costs, terms, 

and rights relating to EFT and certain 

other services. Regulation E implements 

the EFTA, establishing disclosure and 

other requirements to aid consumers 

and recordkeeping requirements to 

assist agencies with enforcement. It 

applies to financial institutions, 

retailers, gift card issuers and others that 

provide gift cards, service providers, 

various federal and state agencies 

offering EFTs, prepaid account entities, 

etc. Staff estimates that Regulation E’s 

recordkeeping requirements affect 

251,053 firms offering EFT and certain 

other services to consumers and that are 

subject to the Commission’s 

jurisdiction, at an average annual 

burden of one hour per firm, for a total 

of 251,053 hours. This represents a 

decrease from prior figures, reflecting a 

decrease in entities under FTC 

jurisdiction engaged in applicable 

activities. 

Burden Totals 

Recordkeeping: 251,053 hours (233,947 

+ 17,106 carve-out); $4,895,526 

($4,561,949 + $333,577 carve-out), 

associated labor costs 

Disclosures: 7,184,905 hours (7,165,931 

+ 18,974 carve-out); $311,824,884 

($310,999,818 + $825,066 carve-out), 

associated labor costs 

REGULATION E—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/monitoring 1 Transaction-related 2

Total 

Burden 

Respondents (hours) 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Initial terms ........................................................................ 27,300 .5 13,650 273,000 .02 91 13,741 

Change in terms ................................................................ 8,550 .5 4,275 11,286,000 .02 3,762 8,037 

Periodic statements ........................................................... 27,300 .5 13,650 327,600,000 .02 109,200 122,850 

Error resolution .................................................................. 27,300 .5 13,650 273,000 5 22,750 36,400 

Transaction receipts .......................................................... 27,300 .5 13,650 1,375,000,000 .02 458,333 471,983 

Preauthorized transfers 2 ................................................... 258,553 .5 129,277 6,463,825 .25 26,933 156,210 

Service provider notices .................................................... 20,000 .25 5,000 200,000 .25 833 5,833 

ATM notices ...................................................................... 125 .25 31 25,000,000 .25 104,167 104,198 

Electronic check conversion 3 ........................................... 48,553 .5 24,277 728,295 .02 243 24,520 

Overdraft services ............................................................. 15,000 .5 7,500 1,500,000 .02 500 8,000 

Gift cards ........................................................................... 15,000 .5 7,500 750,000,000 .02 250,000 257,500 

Remittance transfers: 

Disclosures ................................................................. 4,800 1.25 6,000 96,000,000 .9 1,440,000 1,446,000 

Error resolution .......................................................... 4,800 1.25 6,000 120,960,000 .9 1,814,400 1,820,400 

Agent compliance ...................................................... 4,800 1.25 6,000 96,000,000 .9 1,440,000 1,446,000 

Prepaid accounts and gov’t benefits: 4

Disclosures ................................................................. 550 5 40 × 10 220,000 2,750,000,000 .02 916,667 1,136,667 

Disclosures—updates ................................................ 138 1 × 10 6 1,380 N/A .................... .................... 1,380 

Access to account information ................................... 550 7 20 × 10 110,000 1,100,000 .01 183 110,183 

Error resolution .......................................................... 300 4 × 4 4,800 275,000 2 9,167 13,967 

Error resolution—followup 8 ....................................... ...................... N/A .................... 1,380 30 690 690 

Submission of agreements ........................................ 138 2 × 1 276 690 1 12 288 

Updates to agreements 9 ........................................... ...................... N/A .................... 690 5 58 58 

Total .................................................................... ...................... .................... .................... .......................... .................... .................... 7,184,905 

1Except as noted below, most respondent tallies in this table have decreased due to business shifts and other market changes that result in fewer entities under 

FTC jurisdiction. Accordingly, related transactions under FTC jurisdiction have also decreased. 2Preauthorized transfers rules apply to ‘‘persons’’ and entities. The number of respondents and transactions by such persons have increased, as these 

preauthorized transfers are used more commonly than previously. 3The total number of electronic check conversion respondents and transactions has decreased, particularly due to declining check usage. 

4Prepaid accounts are now covered by Regulation E (and payroll cards are included in this area). Government benefit notices are included also in this area, although some separate requirements for government benefits remain; these factors are accounted for in the estimates. The number of government benefit entities also 

have declined given business shifts that have reduced the number of entities under FTC jurisdiction (and prepaid entities under FTC jurisdiction are also few in number). 5Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 

6This reflects prepaid accounts’ updates of additional fee type disclosures. Individual burden hours are listed first, followed by the number of programs. 

7Burden hours are on a per program basis; individual burden hours are listed first, followed by the number of programs. 

8This pertains to prepaid accounts. 

9This pertains to prepaid accounts’ agreements. 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 35481 

18Recordkeeping and disclosure burden estimates 

for Regulation M are more substantial for motor 

vehicle leases than for other leases, including 

burden estimates based on market changes and 

regulatory definitions of coverage. Based on 

industry information, the estimates for 

recordkeeping and disclosure costs assume the 

following: 90% managerial, and 10% skilled 

technical. As noted above, for purposes of PRA 

burden calculations for Regulations B, E, M, and Z, 

and given the different types of motor vehicle 

dealers, the FTC is including in its estimates burden 

for all of them. 

REGULATION B—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical 

Total cost 

Time ($) 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping .............................................................. 0 $0 25,105 $1,054,410 225,948 $3,841,116 $4,895,526

Disclosures: 

Initial terms ............................................................. 1,374 76,944 12,367 519,414 0 0 596,358 

Change in terms .................................................... 804 45,024 7,233 303,786 0 0 348,810 

Periodic statements ............................................... 12,285 687,960 110,565 4,643,730 0 0 5,331,690 

Error resolution ...................................................... 3,640 203,840 32,760 1,375,920 0 0 1,579,760 

Transaction receipts ............................................... 47,198 2,643,088 424,785 17.840.970 0 0 20,484,058 

Preauthorized transfers .......................................... 15,621 874,776 140,589 5,904,738 0 0 6,779,514 

Service provider notices ........................................ 583 32,648 5,250 220,500 0 0 253,148 

ATM notices ........................................................... 10,420 583,520 93,778 3,938,676 0 0 4,522,196 

Electronic check conversion .................................. 2,452 137,312 22,068 926,856 0 0 1,064,168 

Overdraft services .................................................. 800 44,800 7,200 302,400 0 0 347,200 

Gift cards ................................................................ 25,750 1,442,000 231,750 9,733,500 0 0 11,175,500 

Remittance transfers: 

Disclosures ............................................................. 144,600 8,097,600 1,301,400 54,658,800 0 0 62,756,400 

Error resolution ...................................................... 182,040 10,194,240 1,638,360 68,811,120 0 0 79,005,360 

Agent compliance .................................................. 144,600 8,097,600 1,301,400 54,658,800 0 0 62,756,400 

Prepaid accounts and gov’t. benefits: 

Disclosures ............................................................. 113,667 6,365,352 1,023,000 42,966,000 0 0 49,331,352 

Disclosures—updates ............................................ 138 7,728 1,242 52,164 0 0 59,892 

Access to account information ............................... 11,018 617,008 99,165 4,164,930 0 0 4,781,938 

Error resolution ...................................................... 1,397 78,232 12,570 527,940 0 0 606,172 

Error resolution—followup ...................................... 69 3,864 621 26,082 0 0 29,946 

Submission of agreements .................................... 29 1,624 259 10,878 0 0 12,502 

Updates to agreements ......................................... 6 336 52 2,184 0 0 2,520 

Total Disclosures ............................................ .................... .................... .................... .................... .................... .................... 311,824,884 

Total Recordkeeping and Disclosures .... .................... .................... .................... .................... .................... .................... 316,720,410 

3. Regulation M 

The CLA requires that covered 

entities provide consumers with 

accurate disclosure of the costs and 

terms of leases. Regulation M 

implements the CLA, establishing 

disclosure requirements to help 

consumers comparison shop and 

understand the terms of leases and 

recordkeeping requirements. It applies 

to vehicle lessors (such as auto dealers, 

independent leasing companies, and 

manufacturers’ captive finance 

companies), computer lessors (such as 

computer dealers and other retailers), 

furniture lessors, various electronic 

commerce lessors, diverse types of lease 

advertisers, and others. 

Staff estimates that Regulation M’s 

recordkeeping requirements affect 

approximately 30,203 firms within the 

FTC’s jurisdiction leasing products to 

consumers at an average annual burden 

of one hour per firm, for a total of 

30,203 hours. 

Burden Totals 18

Recordkeeping: 30,203 hours (3,513 + 

26,690 carve-out); $1,649,088 

($191,814 + $1,457,274 carve-out), 

associated labor costs 

Disclosures: 71,750 hours (2,094 + 

69,656 carve-out); $3,917,550 

($114,394 + $3,803,156 carve-out), 

associated labor costs 

REGULATION M—DISCLOSURES—BURDEN HOURS

Disclosures 

Setup/monitoring Transaction-related 

Total 

burden 

Respondents (hours) 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Motor Vehicle Leases 1 ........................................................... 26,690 1 26,690 4,000,000 .50 33,333 60,023 

Other Leases 2 ........................................................................ 3,513 .50 1,757 60,000 .25 250 2,007 

Advertising 3 ............................................................................ 14,615 .50 7,308 578,960 .25 2,412 9,720 

Total ................................................................................. ...................... .................... .................... .................... .................... .................... 71,750 

1This category focuses on consumer vehicle leases. Vehicle leases are subject to more lease disclosure requirements (pertaining to computation of payment obligations) than other lease transactions. (Only consumer leases for more than four months are covered.) See 15 U.S.C. 1667(1); 12 CFR 1013.2(e)(1). While the number of respondents for vehicle leases has decreased with market changes, the number of vehicle lease transactions has remained about the same, compared to past 

FTC estimates. Leases up to $55,800 plus an annual adjustment are now covered. The resulting total burden has decreased. 2This category focuses on all types of consumer leases other than vehicle leases. It includes leases for computers, other electronics, small appliances, furniture, 

and other transactions. (Only consumer leases for more than four months are covered.) See 15 U.S.C. 1667(1); 12 CFR 1013.2(e)(1). The number of respondents 

has decreased, based on market changes in companies and types of transactions they offer; the number of such transactions has also declined, based on types of 

transactions offered that are covered by the CLA. Leases up to $55,800 plus an annual adjustment are now covered. The resulting total burden has decreased. 3 Respondents for advertising have decreased as have lease advertisements, based on market changes, from past FTC estimates. The resulting total burden has 

decreased. 


sradovich on DSK3GMQ082PROD with NOTICES
35482 Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 

19On May 24, 2018, President Trump signed the 

Economic Growth, Regulatory Relief, and Consumer 

Protection Act (Act), Public Law 115–174. Among 

other things, the Act amends the TILA in several 

respects, and will be implemented by the BCFP 

through amendments to Regulation Z. The 

Commission will address PRA burden for its 

enforcement of the requirements after the BCFP has 

issued the associated final rules. 

20While Regulation Z also requires the creditor to 

provide a short written disclosure regarding the 

appraisal process for higher-priced mortgage loans, 

the disclosure is provided by the BCFP. As a result, 

it is not a ‘‘collection of information’’ for PRA 

purposes (see 5 CFR 1320.3(c)(2)). It is thus 

excluded from the burden estimates below. 

REGULATION M—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical Total 

cost 

($) Time 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping ........................................................................ 27,183 $1,522,248 3,020 $126,840 0 0 $1,649,088 

Disclosures: 

Motor Vehicle Leases ...................................................... 54,021 3,025,176 6,002 252,084 0 0 3,277,260 

Other Leases ................................................................... 1,806 101,136 201 8,442 0 0 109,578 

Advertising ....................................................................... 8,748 489,888 972 40,824 0 0 530,712 

Total Disclosures ...................................................... .................... .................... .................... .................... .................... .................... 3,917,550 

Total Recordkeeping and Disclosures .............. .................... .................... .................... .................... .................... .................... 5,566,638 

4. Regulation Z 

The TILA was enacted to foster 

comparison credit shopping and 

informed credit decision making by 

requiring creditors and others to provide 

accurate disclosures regarding the costs 

and terms of credit to consumers.19

Regulation Z implements the TILA, 

establishing disclosure requirements to 

assist consumers and recordkeeping 

requirements to assist agencies with 

enforcement. These requirements 

pertain to open-end and closed-end 

credit and apply to various types of 

entities, including mortgage companies; 

finance companies; auto dealerships; 

private education loan companies; 

merchants who extend credit for goods 

or services; credit advertisers; acquirers 

of mortgages; and others. Additional 

requirements also exist in the mortgage 

area, including for high cost mortgages, 

higher-priced mortgage loans,20 ability 

to pay of mortgage consumers, mortgage 

servicing, loan originators, and certain 

integrated mortgage disclosures. 

FTC staff estimates that Regulation Z’s 

recordkeeping requirements affect 

approximately 430,762 entities subject 

to the Commission’s jurisdiction, at an 

average annual burden of 1.25 hours per 

entity with .25 additional hours per 

entity for 3,650 entities (ability to pay), 

and 5 additional hours per entity for 

4,500 entities (loan originators). 

Burden Totals 

Recordkeeping: 561,866 hours (484,961 

+ 76,905 carve-out); $10,956,397 

($9,456,749 + $1,499,648 carve-out), 

associated labor costs 

Disclosures: 7,854,575 hours (6,838,256 

+ 1,016,319 carve-out; $318,601,732 

($274,493,500 + $44,108,232 carveout), associated labor costs 

REGULATION Z—DISCLOSURES—BURDEN HOURS

Disclosures 1

Setup/monitoring Transaction-related 

Total 

burden 

Respondents (hours) 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Open-end credit: 

Initial terms ............................................................. 23,650 .75 17,738 10,500,600 .375 65,629 83,367 

Initial terms—prepaid accounts .............................. 3 2 4 × 1 12 3 3 × 78,667 .125 492 504 

Rescission notices .................................................. 750 .5 375 3,750 .25 16 391 

Subsequent disclosures .......................................... 4,650 .75 3,488 23,250,000 .188 72,850 76,338 

Subsequent disclosures—prepaid accounts .......... 3 4 4 × 1 12 5 3 × 78,667 .0625 246 258 

Periodic statements ................................................ 23,650 .75 17,738 788,325,450 .0938 1,232,415 1,250,153 

Periodic statements—prepaid accounts ................. 3 6 40 × 1 120 7 3 × 944,000 .03125 1,475 1,595 

Error resolution ....................................................... 23,650 .75 17,738 2,104,850 6 210,485 228,223 

Error resolution—prepaid accounts followup .......... 3 8 4 × 1 12 9 3 × 1,180 15 885 897 

Credit and charge card accounts ........................... 10,250 .75 7,688 5,125,000 .375 32,031 39,719 

Credit and charge card accounts—prepaid accounts .................................................................. 3 10 4 × 1 12 11 3 × 12 240 144 156 

Settlement of estate debts ...................................... 23,650 .75 17,738 496,650 .375 3,104 20,842 

Special credit card requirements ............................ 10,250 .75 7,688 5,125,000 .375 32,031 39,719 

Home equity lines of credit ..................................... 750 .5 375 5,250 .25 22 397 

Home equity lines of credit high-cost mortgages ... 250 2 500 1,500 2 50 550 

College student credit card marketing—ed. institutions ..................................................................... 1,350 .5 675 81,000 .25 338 1,013 

College student credit card marketing—card 

issuer reports ...................................................... 150 .75 113 4,500 .75 56 169 

Posting and reporting of credit card agreements ... 10,250 .75 7,688 5,125,000 .375 32,031 39,719 

Posting and reporting of prepaid account agreements ................................................................... 3 12 .75 × 1 2 13 3 × 5 2.5 1 3 

Advertising .............................................................. 38,650 .75 28,988 115,950 .75 1,449 30,437 

Advertising—prepaid accounts ............................... 3 14 20 × 1 60 N/A .................... .................... 60 

Advertising—prepaid accounts Updates ................ 3 15 0.2 × 5 3 N/A .................... .................... 3 

Sale, transfer, or assignment of mortgages ........... 500 .5 250 500,000 .25 2,083 2,333 

Appraiser misconduct reporting .............................. 301,150 .75 225,863 6,023,000 .375 37,644 263,507 

Mortgage servicing 16 .............................................. 1,500 .75 1,125 150,000 .5 1,250 2,375 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 35483 

REGULATION Z—DISCLOSURES—BURDEN HOURS—Continued 

Disclosures 1

Setup/monitoring Transaction-related 

Total 

burden 

Respondents (hours) 

Average 

burden per 

respondent 

(hours) 

Total setup/ 

monitoring 

burden 

(hours) 

Number of 

transactions 

Average 

burden per 

transaction 

(minutes) 

Total 

transaction 

burden 

(hours) 

Loan originators ........................................................ 2,250 2 4,500 22,500 5 1,875 6,375 

Closed-end credit: 

Credit disclosures ..................................................... 280,762 .75 210,572 112,304,800 2.25 4,211,430 4,422,002

Rescission notices .................................................... 3,650 .5 1,825 5,475,000 1 91,250 93,075 

Redisclosures ........................................................... 101,150 .5 50,575 505,750 2.25 18,966 69,541 

Integrated mortgage disclosures .............................. 3,650 10 36,500 10,950,000 3.5 638,750 675,250 

Variable rate mortgages ........................................... 3,650 1 3,650 365,000 1.75 10,646 14,296 

High cost mortgages ................................................. 1,750 1 1,750 43,750 2 1,458 3,208 

Higher priced mortgages .......................................... 1,750 1 1,750 14,000 2 467 2,217 

Reverse mortgages .................................................. 3,025 .5 1,513 15,125 1 252 1,765 

Advertising ................................................................ 205,762 .5 102,881 2,057,620 1 34,294 137,175 

Private education loans ............................................ 75 .5 38 30,000 1.5 750 788 

Sale, transfer, or assignment of mortgages ............. 48,850 .5 24,425 2,442,500 .25 10,177 34,602 

Ability to pay/qualified mortgage .............................. 3,650 .75 2,738 0 0 0 2,738 

Appraiser misconduct reporting ................................ 301,150 .75 225,863 6,023,000 .375 37,644 263,507 

Mortgage servicing 17 ................................................ 3,650 1.5 5,475 730,000 2.75 33,458 38,933 

Loan originators ........................................................ 2,250 2 4,500 22,500 5 1,875 6,375 

Total open-end credit ................................. ...................... .................... .................... .................... .................... .................... 2,089,103 

Total closed-end credit ............................... ...................... .................... .................... .................... .................... .................... 5,765,472 

Total credit ................................... ...................... .................... .................... .................... .................... .................... 7,854,575 

1 Regulation Z requires disclosures for closed-end and open-end credit. TILA and Regulation Z now cover credit up to $55,800 plus an annual adjustment (except 

that real estate credit and private education loans are covered regardless of amount). For most disclosure types listed in this table, FTC staff has reduced prior PRA 

burden estimates due to business shifts and other market changes. In the case of mortgage servicing (open- and closed-credit), however, staff has increased burden 

estimates per respondent due to amendments to Regulation Z. In addition, due to Regulation Z’s new requirements for prepaid accounts with certain credit aspects, 

staff has added burden estimates for these items. However, the overall effect of these competing factors yields a net decrease from the FTC’s prior reported estimate 

for open-end credit and for closed-end credit. 2Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 

3This figure lists the number of entities followed by the number of responses or programs each. 

4Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 

5This figure lists the number of entities followed by the number of responses or programs each. 

6Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 

7This figure lists the number of entities followed by the number of responses or programs each. 

8Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 

9This figure lists the number of entities followed by the number of responses or programs each. 

10Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 11This figure lists the number of entities followed by the number of responses or programs each. 12Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 13This figure lists the number of entities followed by the number of responses or programs each. 14Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 15Burden hours are on a per program basis. Individual burden hours are listed first, followed by the number of programs. 16 Regulation Z has expanded various mortgage servicing requirements for successors-in-interest, which in some instances can affect open-end credit, increasing 

burden per respondent. However, the estimated number of entities and transactions under FTC jurisdiction is reduced, thereby reducing aggregate estimated burden 

compared to prior FTC estimates. 17 Regulation Z has expanded various mortgage servicing requirements for successors-in-interest, and periodic statement requirements including for consumers in 

bankruptcy, among other things, affecting closed-end credit, increasing burden per respondent. However, the estimated number of entities and transactions under 

FTC jurisdiction is reduced, thereby reducing aggregate estimated burden compared to prior FTC estimates. 

REGULATION Z—RECORDKEEPING AND DISCLOSURES—COST

Required task 

Managerial Skilled technical Clerical Total 

Cost 

($) Time 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Recordkeeping .......................................................................... 0 $0 56,187 $2,359,854 505,679 $8,596,543 $10,956,397 

Open-end credit Disclosures: 

Initial terms ......................................................................... 8,337 466,872 75,030 3,151,260 0 0 3,618,132 

Initial terms—prepaid accounts ......................................... 50 2,800 454 19,068 0 0 21,868 

Rescission notices ............................................................. 39 2,184 352 14,784 0 0 16,968 

Subsequent disclosures ..................................................... 7,634 427,504 68,704 2,885,568 0 0 3,313,072 

Subsequent disclosures—prepaid accounts ...................... 26 1.456 232 9,744 0 0 11,200 

Periodic statements ........................................................... 125,015 7,000,840 1,125,138 47,255,796 0 0 54,256,636 

Periodic statements—prepaid accounts ............................ 159 8,904 1436 60,312 0 0 69.216 

Error resolution .................................................................. 22,822 1,278,032 205,401 8,626,842 0 0 9,904,874 

Error resolution—prepaid accounts followup ..................... 90 5,040 807 33.894 0 0 38,934 

Credit and charge card accounts ...................................... 3,972 222,432 35,747 1,501,374 0 0 1,723,806 

Credit and charge card accounts—prepaid accounts ....... 16 896 140 5,880 0 0 6,776 

Settlement of estate debts ................................................. 2,084 116,704 18,758 787,836 0 0 904,540 

Special credit card requirements ....................................... 3,972 222,432 35,747 1,501,374 0 0 1,723,806 

Home equity lines of credit ................................................ 40 2,240 357 14,994 0 0 17,234 

Home equity lines of credit—high cost mortgages ............ 55 3,080 495 20,790 0 0 23,870 

College student credit card marketing—ed institutions ..... 101 5,656 912 38,304 0 0 43,960 

College student credit card marketing—card issuer reports ................................................................................ 17 952 152 6,384 0 0 7,336 

Posting and reporting of credit card agreements .............. 3,972 222,432 35,747 1,501,374 0 0 1,723,806 

Posting and reporting of prepaid accounts ........................ 1 56 2 84 0 0 140 

Advertising ......................................................................... 3,044 170,464 27,393 1,150,506 0 0 1,320,970 


sradovich on DSK3GMQ082PROD with NOTICES
35484 Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 

REGULATION Z—RECORDKEEPING AND DISCLOSURES—COST—Continued 

Required task 

Managerial Skilled technical Clerical Total 

Cost 

($) Time 

(hours) 

Cost 

($56/hr.) 

Time 

(hours) 

Cost 

($42/hr.) 

Time 

(hours) 

Cost 

($17/hr.) 

Advertising—prepaid accounts .......................................... 6 336 54 2,268 0 0 2,604 

Advertising—prepaid accounts Updates ............................ 1 56 2 84 0 0 140 

Sale, transfer, or assignment of mortgages ...................... 233 13,048 2,100 88,200 0 0 101,248 

Appraiser misconduct reporting ......................................... 26,351 1,475,656 237,156 9,960,552 0 0 11,436,208 

Mortgage servicing ............................................................. 238 13,328 2,137 89,754 0 0 103,082 

Loan originators ................................................................. 638 35,728 5,737 240,954 0 0 276,682 

Total open-end credit .................................................. .................... .................... .................... .................... .................... .................... 90,667,108 

Closed-end credit Disclosures: 

Credit disclosures .............................................................. 442,200 2,476,300 3,979,802 167,151,684 0 0 169,627,984 

Rescission notices ............................................................. 9,308 521,248 83,767 3,518,214 0 0 4,039,462 

Redisclosures ..................................................................... 6,954 389,424 62,587 2,628,654 0 0 3,018,078 

Integrated mortgage disclosures ....................................... 67,525 3,781,400 607,725 25,524,450 0 0 29,305,850 

Variable rate mortgages .................................................... 1,430 80,080 12,866 540,372 0 0 620,452 

High cost mortgages .......................................................... 321 17,976 2,887 121,254 0 0 139,230 

Higher priced mortgages ................................................... 222 12,432 1,995 83,790 0 0 96,222 

Reverse mortgages ............................................................ 177 9,912 1,588 66,696 0 0 76,608 

Advertising ......................................................................... 13,718 768,208 123,457 5,185,194 0 0 5,953,402 

Private education loans ..................................................... 79 4,424 709 29,778 0 0 34,202 

Sale, transfer, or assignment of mortgages ...................... 3,460 193,760 31,142 1,307,964 0 0 1,501,724 

Ability to pay/qualified mortgage ........................................ 274 15,344 2,464 103,488 0 0 118,832 

Appraiser misconduct reporting ......................................... 26,351 1,475,656 237,156 9,960,552 0 0 11,436,208 

Mortgage servicing ............................................................. 3,893 218,008 35,040 1,471,680 0 0 1,689,688 

Loan originators ................................................................. 638 35,728 5,737 240,954 0 0 276,682 

Total closed-end credit ............................................... .................... .................... .................... .................... .................... .................... 227,934,624 

Total Disclosures ........................................................ .................... .................... .................... .................... .................... .................... 318,601,732 

Total Recordkeeping and Disclosures ........................ 329,558,129 

Request for Comment: You can file a 

comment online or on paper. For the 

FTC to consider your comment, we 

must receive it on or before August 27, 

2018. Write ‘‘Regs BEMZ, PRA 

Comments, P084812’’ on your comment. 

Your comment—including your name 

and your state—will be placed on the 

public record of this proceeding, 

including, to the extent practicable, on 

the public FTC website, at http://

www.ftc.gov/os/publiccomments.shtm. 

Postal mail addressed to the 

Commission is subject to delay due to 

heightened security screening. As a 

result, we encourage you to submit your 

comments online, or to send them to the 

Commission by courier or overnight 

service. To make sure that the 

Commission considers your online 

comment, you must file it at https://

ftcpublic.commentworks.com/ftc/ 

RegsBEMZpra2 by following the 

instructions on the web-based form. 

When this Notice appears at http://

www.regulations.gov/#!home, you also 

may file a comment through that 

website. 

If you file your comment on paper, 

write ‘‘Regs BEMZ, PRA Comments, 

P084812’’ on your comment and on the 

envelope, and mail it to the following 

address: Federal Trade Commission, 

Office of the Secretary, 600 

Pennsylvania Avenue NW, Suite CC– 

5610 (Annex J), Washington, DC 20580, 

or deliver your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

Constitution Center, 400 7th Street SW, 

5th Floor, Suite 5610 (Annex J), 

Washington, DC 20024. If possible, 

submit your paper comment to the 

Commission by courier or overnight 

service. 

Because your comment will be placed 

on the publicly accessible FTC website 

at https://www.ftc.gov/, you are solely 

responsible for making sure that your 

comment does not include any sensitive 

or confidential information. In 

particular, your comment should not 

include any sensitive personal 

information, such as your or anyone 

else’s Social Security number; date of 

birth; driver’s license number or other 

state identification number, or foreign 

country equivalent; passport number; 

financial account number; or credit or 

debit card number. You are also solely 

responsible for making sure that your 

comment does not include any sensitive 

health information, such as medical 

records or other individually 

identifiable health information. In 

addition, your comment should not 

include any ‘‘trade secret or any 

commercial or financial information 

which . . . is privileged or 

confidential’’—as provided by Section 

6(f) of the FTC Act, 15 U.S.C. 46(f), and 

FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)— 

including in particular competitively 

sensitive information such as costs, 

sales statistics, inventories, formulas, 

patterns, devices, manufacturing 

processes, or customer names. 

Comments containing material for 

which confidential treatment is 

requested must be filed in paper form, 

must be clearly labeled ‘‘Confidential,’’ 

and must comply with FTC Rule 4.9(c). 

In particular, the written request for 

confidential treatment that accompanies 

the comment must include the factual 

and legal basis for the request, and must 

identify the specific portions of the 

comment to be withheld from the public 

record. See FTC Rule 4.9(c). Your 

comment will be kept confidential only 

if the General Counsel grants your 

request in accordance with the law and 

the public interest. Once your comment 

has been posted on the public FTC 

website—as legally required by FTC 

Rule 4.9(b)—we cannot redact or 

remove your comment from the FTC 

website, unless you submit a 

confidentiality request that meets the 

requirements for such treatment under 

FTC Rule 4.9(c), and the General 

Counsel grants that request. 

The FTC Act and other laws that the 

Commission administers permit the 

collection of public comments to 

consider and use in this proceeding as 

appropriate. The Commission will 

consider all timely and responsive 

public comments that it receives on or 

before August 27, 2018. For information 

on the Commission’s privacy policy, 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 35485 

including routine uses permitted by the 

Privacy Act, see https://www.ftc.gov/ 

site-information/privacy-policy. For 

supporting documentation and other 

information underlying the PRA 

discussion in this Notice, see http://

www.reginfo.gov/public/jsp/PRA/pra

Dashboard.jsp. 

Comments on the information 

collection requirements subject to 

review under the PRA should 

additionally be submitted to OMB. If 

sent by U.S. mail, they should be 

addressed to Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Attention: 

Desk Officer for the Federal Trade 

Commission, New Executive Office 

Building, Docket Library, Room 10102, 

725 17th Street NW, Washington, DC 

20503. Comments sent to OMB by U.S. 

postal mail, however, are subject to 

delays due to heightened security 

precautions. Thus, comments instead 

can also be sent by email to wliberante@

omb.eop.gov. 

Heather Hippsley, 

Acting Principal Deputy General Counsel. 

[FR Doc. 2018–15979 Filed 7–25–18; 8:45 am] 

BILLING CODE 6750–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

[Docket Number CDC–2018–0065, NIOSH– 

317] 

Draft—National Occupational Research 

Agenda for Oil and Gas Extraction 

AGENCY: National Institute for 

Occupational Safety and Health 

(NIOSH) of the Centers for Disease 

Control and Prevention (CDC), 

Department of Health and Human 

Services (HHS). 

ACTION: Request for comment. 

SUMMARY: The National Institute for 

Occupational Safety and Health of the 

Centers for Disease Control and 

Prevention announces the availability of 

a draft NORA Agenda entitled National 

Occupational Research Agenda for Oil 

and Gas Extraction for public comment. 

To view the notice and related 

materials, visit https://

www.regulations.gov and enter CDC– 

2018–0065 in the search field and click 

‘‘Search.’’ 

Table of Contents 

• Dates 

• Addresses 

• For Further Information Contact 

• Supplementary Information 

• Background 

DATES: Electronic or written comments 

must be received by September 24, 

2018. 

ADDRESSES: You may submit comments, 

identified by CDC–2018–0065 and 

docket number NIOSH–317, by any of 

the following methods: 

• Federal eRulemaking Portal: 

https://www.regulations.gov Follow the 

instructions for submitting comments. 

• Mail: National Institute for 

Occupational Safety and Health, NIOSH 

Docket Office, 1090 Tusculum Avenue, 

MS C–34, Cincinnati, Ohio 45226–1998. 

Instructions: All submissions received 

in response to this notice must include 

the agency name and docket number 

[CDC–2018–0065; NIOSH–317]. All 

relevant comments received will be 

posted without change to https://

www.regulations.gov, including any 

personal information provided. For 

access to the docket to read background 

documents or comments received, go to 

https://www.regulations.gov. All 

information received in response to this 

notice will also be available for public 

examination and copying at the NIOSH 

Docket Office, 1150 Tusculum Avenue, 

Room 155, Cincinnati, OH 45226–1998. 

FOR FURTHER INFORMATION CONTACT: 

Emily Novicki NORACoordinator@

cdc.gov), National Institute for 

Occupational Safety and Health, Centers 

for Disease Control and Prevention, 

Mailstop E–20, 1600 Clifton Road NE, 

Atlanta, GA 30329, phone (404) 498– 

2581 (not a toll free number). 

SUPPLEMENTARY INFORMATION: The 

National Occupational Research Agenda 

(NORA) is a partnership program 

created to stimulate innovative research 

and improved workplace practices. The 

national agenda is developed and 

implemented through the NORA sector 

and cross-sector councils. Each council 

develops and maintains an agenda for 

its sector or cross-sector. 

Background: The National 

Occupational Research Agenda for Oil 

and Gas Extraction is intended to 

identify the research, information, and 

actions most urgently needed to prevent 

occupational injuries. The National 

Occupational Research Agenda for Oil 

and Gas Extraction provides a vehicle 

for stakeholders to describe the most 

relevant issues, gaps, and safety and 

health needs for the sector. Each NORA 

research agenda is meant to guide or 

promote high priority research efforts on 

a national level, conducted by various 

entities, including: Government, higher 

education, and the private sector. 

The first National Occupational 

Research Agenda for Oil and Gas 

Extraction was published in 2011 for the 

second decade of NORA (2006–2016). 

The revised agenda was developed 

considering new information about 

injuries and illnesses, the state of the 

science, and the probability that new 

information and approaches will make a 

difference. As the steward of the NORA 

process, NIOSH invites comments on 

the draft National Occupational 

Research Agenda for Oil and Gas 

Extraction. Comments expressing 

support or with specific 

recommendations to improve the 

Agenda are requested. A copy of the 

draft Agenda is available at https://

www.regulations.gov (see Docket 

Number CDC–2018–0065). 

Dated: July 23, 2018. 

Frank J. Hearl, 

Chief of Staff, National Institute for 

Occupational Safety and Health, Centers for 

Disease Control and Prevention. 

[FR Doc. 2018–15968 Filed 7–25–18; 8:45 am] 

BILLING CODE 4163–19–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

[CDC–2018–0060; Docket Number NIOSH– 

316] 

Draft Current Intelligence Bulletin: 

NIOSH Practices in Occupational Risk 

Assessment 

AGENCY: National Institute for 

Occupational Safety and Health 

(NIOSH) of the Centers for Disease 

Control and Prevention (CDC), 

Department of Health and Human 

Services (HHS). 

ACTION: Notice of draft document 

available for public comment and online 

public meeting. 

SUMMARY: The National Institute for 

Occupational Safety and Health 

(NIOSH) of the Centers for Disease 

Control and Prevention (CDC) 

announces the availability of the 

following draft document for public 

comment entitled Current Intelligence 

Bulletin: NIOSH Practices in 

Occupational Risk Assessment. To view 

the notice, document and related 

materials, visit https://

www.regulations.gov and enter CDC– 

2018–0060 in the search field and click 

‘‘Search’’. 

Table of Contents 

• Dates 

• Addresses 

• For Further Information Contact 

• Supplementary Information 


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