Federal Register / Vol. 77, No. 51 / Thursday, March 15, 2012 / Notices 15457 

SUPPLEMENTARY INFORMATION: The OCC 

is requesting extension of OMB 

approval for this collection. There have 

been no changes to the requirements of 

the regulations, however, they have 

been transferred to the Bureau of 

Consumer Financial Protection (CFPB) 

pursuant to title X of the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act, Public Law 111–203, 

124 Stat. 1990, July 21, 2010 (DoddFrank Act), and republished as CFPB 

regulations (76 FR 78483 (December 19, 

2011)). The burden estimates have been 

revised to remove the burden for OCCregulated institutions with over $10 

billion in assets, now carried by CFPB 

pursuant to section 1025 of the DoddFrank Act, and to remove the initial 

start-up burden. The OCC retains 

enforcement authority for its 

institutions with $10 billion in assets or 

less. 

Title: Registration of Mortgage Loan 

Originators. 

OMB Number: 1557–0243. 

Description: The S.A.F.E. Act requires 

an employee of a bank, savings 

association, or credit union and their 

subsidiaries regulated by a Federal 

banking agency or an employee of an 

institution regulated by the FCA 

(Agency-regulated institutions) who 

engages in the business of a residential 

mortgage loan originator (MLO) to 

register with the Nationwide Mortgage 

Licensing System and Registry 

(Registry) and obtain a unique identifier. 

Agency-regulated institutions must 

require their employees who act as 

residential MLOs to comply with the 

Act’s requirements to register and obtain 

a unique identifier and also adopt and 

follow written policies and procedures 

to assure compliance with these 

requirements. 

The Registry is intended to aggregate 

and improve the flow of information to 

and between regulators; provide 

increased accountability and tracking of 

mortgage loan originators; enhance 

consumer protections; reduce fraud in 

the residential mortgage loan origination 

process; and provide consumers with 

easily accessible information at no 

charge regarding the employment 

history of, and the publicly adjudicated 

disciplinary and enforcement actions 

against, mortgage loan originators. 

The Agencies jointly developed and 

maintain a system for registering MLOs 

employed by Agency-regulated 

institutions with the Registry. The 

Agencies, at a minimum, must furnish 

or cause to be furnished to the Registry 

information concerning the MLOs’ 

identity, including: (1) Fingerprints for 

submission to the Federal Bureau of 

Investigation and any other relevant 

governmental agency for a State and 

national criminal background check; 

and (2) personal history and experience, 

including authorization for the Registry 

to obtain information related to any 

administrative, civil, or criminal 

findings by any governmental 

jurisdiction. 

MLO Reporting Requirements 

Unless the de minimis exception or a 

different implementation period 

applies, 12 CFR 1007.103(a) requires an 

employee of an institution who is 

engaged in the business of a MLO to 

register with the Registry, maintain such 

registration, and obtain a unique 

identifier. Under § 1007.103(b), an 

institution must require each such 

registration to be renewed annually and 

updated within 30 days of the 

occurrence of specified events. Section 

1007.103(d) sets forth the categories of 

information that an employee, or the 

employing institution in the employee’s 

behalf, must submit to the Registry, 

along with the employee’s attestation as 

to the correctness of the information 

supplied, and an authorization to obtain 

further information. 

MLO Disclosure Requirement 

Section 1007.105(b) requires the MLO 

to provide the unique identifier to a 

consumer upon request. 

Financial Institution Reporting 

Requirements 

Section 1007.103(e) specifies the 

institution and employee information 

that an institution must submit to the 

Registry in connection with the initial 

registration of one or more MLOs, and 

thereafter update. 

Financial Institution Disclosure 

Requirements 

Section 1007.105(a) requires the 

institution to make the unique identifier 

of MLO employees available to 

consumers in a manner and method 

practicable to the institution. 

Financial Institution Recordkeeping 

Requirements 

• Section 1007.103(d)(1)(xii) requires 

the collection of MLO employee 

fingerprints. 

• Section 1007.104 requires that an 

institution employing MLOs to: 

Æ Adopt and follow written policies 

and procedures, at a minimum 

addressing certain specified areas, but 

otherwise appropriate to the nature, size 

and complexity of their mortgage 

lending activities. 

Æ Establish reasonable procedures 

and tracking systems for monitoring 

registration compliance. 

Æ Establish a process for, and 

maintain records related to, employee 

criminal history background reports and 

actions taken with respect thereto. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Estimated Number of Respondents: 

36,003. 

Estimated Total Annual Burden: 

31,053 hours. 

Comments submitted in response to 

this notice will be summarized, 

included in the request for OMB 

approval, and become a matter of public 

record. Comments are 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 burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Dated: March 8, 2012. 

Michele Meyer, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. 2012–6298 Filed 3–14–12; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

United States Mint 

Pricing for the 2012 American Eagle 

Silver Proof Coin 

AGENCY: United States Mint, Department 

of the Treasury. 

ACTION: Notice. 

SUMMARY: The United States Mint is 

announcing the price of the 2012 

American Eagle Silver Proof Coin. The 

coins will be offered for sale at a price 

of $59.95. 

FOR FURTHER INFORMATION CONTACT: B.B. 

Craig, Associate Director for Sales and 

Marketing; United States Mint; 801 9th 

Street NW., Washington, DC 20220; or 

call 202–354–7500. 

Authority: 31 U.S.C. 5111, 5112 & 9701. 


srobinson on DSK4SPTVN1PROD with NOTICES
15458 Federal Register / Vol. 77, No. 51 / Thursday, March 15, 2012 / Notices 

Dated: March 12, 2012. 

Richard A. Peterson, 

Deputy Director, United States Mint. 

[FR Doc. 2012–6294 Filed 3–14–12; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Advisory Committee on Disability 

Compensation, Notice of Meeting 

The Department of Veterans Affairs 

(VA) gives notice under Public Law 92– 

463 (Federal Advisory Committee Act) 

that the Advisory Committee on 

Disability Compensation will meet on 

March 26–27, 2012, at the St. Regis 

Hotel, 923 16th and K Streets NW., 

Washington, DC. The sessions will 

begin at 8:30 a.m. and end at 4 p.m. 

each day. The meeting is open to the 

public. 

The purpose of the Committee is to 

advise the Secretary of Veterans Affairs 

on the maintenance and periodic 

readjustment of the VA Schedule for 

Rating Disabilities. The Committee is to 

assemble and review relevant 

information relating to the nature and 

character of disabilities arising from 

service in the Armed Forces, provide an 

ongoing assessment of the effectiveness 

of the rating schedule, and give advice 

on the most appropriate means of 

responding to the needs of Veterans 

relating to disability compensation. 

The Committee will receive briefings 

on issues related to compensation for 

Veterans with service-connected 

disabilities and other VA benefits 

programs. Time will be allocated for 

receiving public comments on the 

afternoon of March 27. Public comments 

will be limited to three minutes each. 

Individuals wishing to make oral 

statements before the Committee will be 

accommodated on a first-come, firstserved basis. Individuals who speak are 

invited to submit 1–2 page summaries of 

their comments at the time of the 

meeting for inclusion in the official 

meeting record. 

The public may submit written 

statements for the Committee’s review 

to Mrs. Sarah Fusina, Designated 

Federal Officer, Department of Veterans 

Affairs, Veterans Benefits 

Administration, Compensation Service, 

Regulation Staff (211D), 810 Vermont 

Avenue NW., Washington, DC 20420; or 

email at Sarah.Fusina@va.gov. Any 

member of the public wishing to attend 

the meeting or seeking additional 

information should contact Mrs. Fusina 

at (202) 461–9569. 

Dated: March 9, 2012. 

By Direction of the Secretary: 

Vivian Drake, 

Committee Management Officer. 

[FR Doc. 2012–6209 Filed 3–14–12; 8:45 am] 

BILLING CODE 8320–01–P 


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