17414 Federal Register / Vol. 80, No. 62 / Wednesday, April 1, 2015 / Notices 

reflect the estimate that one registered SDR may 

deregister every two years. The burden to deregister 

is estimated at 10 hours per deregistering entity. 

The total annual ongoing burden for all SDRs for 

registration is now estimated to be 275 hours. 

Reporting 

Respondents/Affected Entities: Swap 

Data Repositories. 

Estimated number of respondents: 6. 

Estimated burden per respondent: 

40,725 hours initially; 15,325 hours 

ongoing. 

Frequency of collection: Ongoing. 

Total annual respondent burden: 

244,350 hours initially; 91,950 hours 

ongoing. 

Recordkeeping 

Respondents/Affected Entities: Swap 

Data Repositories. 

Estimated number of respondents: 6. 

Estimated burden per respondent: 300 

hours initially, 254 hours ongoing. 

Frequency of collection: Ongoing. 

Total annual respondent burden: 

1800 hours initially, 1524 hours 

ongoing. 

Disclosure 

Respondents/Affected Entities: Swap 

Data Repositories. 

Estimated number of respondents: 6. 

Estimated burden per respondent: 100 

hours initially, 1 hour ongoing. 

Frequency of collection: Occasional. 

Total annual respondent burden: 600 

hours initially, 6 hours ongoing. 

Authority: 44 U.S.C. 3501 et seq. 

Dated: March 27, 2015. 

Christopher J. Kirkpatrick, 

Secretary of the Commission. 

[FR Doc. 2015–07468 Filed 3–31–15; 8:45 am] 

BILLING CODE 6351–01–P 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

Notice of Availability of Revised 

Consumer Information Publication 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Notice of availability. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau) 

announces the availability of an 

updated consumer publication, the 

home buying information booklet, also 

known as the special information 

booklet or the settlement cost booklet 

(Booklet), required under the Real Estate 

Settlement Procedures Act (RESPA), 

Regulation X, and Regulation Z. This 

version of the Booklet incorporates 

statutory amendments and the Loan 

Estimate and Closing Disclosure from 

the Bureau’s final rule, Integrated 

Mortgage Disclosures Under the Real 

Estate Settlement Procedures Act 

(Regulation X) and the Truth in Lending 

Act (Regulation Z) (Integrated 

Disclosures Final Rule). The title of this 

publication is ‘‘Your Home Loan 

Toolkit: A Step-by-Step Guide.’’ 

ADDRESSES: The updated consumer 

publication is available for download on 

the Bureau’s Web site at 

www.consumerfinance.gov/learnmore 

and can also be found in the Catalog of 

U.S. Government Publications (http://

catalog.gpo.gov), maintained by 

Superintendent of Documents, U.S. 

Government Publishing Office, 

Washington, DC 20402. 

FOR FURTHER INFORMATION CONTACT: Julie 

Vore, Originations Analyst, Office of 

Mortgage Markets; David Friend, 

Counsel, Office of Regulations, CFPB_

reginquiries@cfpb.gov or (202) 435– 

7700. 

SUPPLEMENTARY INFORMATION: The 

Bureau is hereby publishing this notice 

of availability to inform the public of 

the existence of an updated version of 

the Home Buying Information Booklet. 

Background on the Booklet 

In its enactment in 1974, section 5 of 

RESPA required the provision of 

‘‘special information booklets’’ to help 

persons borrowing money to finance the 

purchase of residential real estate to 

understand better the nature and costs 

of real estate settlement services. Public 

Law 93–553. Since 1976, the 

Department of Housing and Urban 

Development (HUD) implemented the 

requirement through publication of the 

Booklet titled ‘‘Shopping for Your Home 

Loan: Settlement Cost Booklet.’’ 

Section 1450 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

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

203, amended section 5 of RESPA by, 

among other things, transferring 

responsibility for the Booklet from HUD 

to the Bureau. 12 U.S.C. 2604, as 

amended by the Dodd-Frank Act, 

requires the Director of the Bureau to 

prepare, at least once every five years, 

‘‘a booklet to help consumers applying 

for federally related mortgage loans to 

understand the nature and costs of real 

estate settlement services.’’ 12 U.S.C. 

2604(a). Section 1450 of the Dodd-Frank 

Act also amended 12 U.S.C. 2604 by 

adding new content requirements, 

including information on 

homeownership counseling services, an 

explanation of a consumer’s 

responsibilities, liabilities and 

obligations in a mortgage transaction, 

and a list of questions a consumer 

obtaining a federally related mortgage 

loan should ask regarding the loan, 

including whether the consumer will 

have the ability to repay the loan, 

whether the consumer sufficiently 

shopped for the loan, whether the loan 

terms include prepayment penalties or 

balloon payments, and whether the loan 

will benefit the borrower. Other statutes, 

discussed below, have also amended 12 

U.S.C. 2604 to include additional 

information on flood insurance. 

In November 2013, the Bureau issued 

a final rule that amended section 1024.5 

to provide creditors with an exemption 

from certain RESPA requirements, 

including the requirements of section 

1024.6, for loans subject to the TILA– 

RESPA integrated disclosure 

requirements. The rule also added 

section 1026.19(g), which is 

substantially similar to the requirements 

of 1024.6, but modified to conform to 

the usage associated with TILA. 

To reflect the transfer of the Booklet 

to the Bureau and ensure consistency 

with the Bureau’s rulemakings 

regulating practices in mortgage 

origination and servicing that took effect 

in January 2014, the CFPB made 

technical and conforming changes to the 

Booklet and made the revised Booklet 

available in January 2014. 79 FR 1836 

(Jan. 10, 2014). 

Contents of the Updated Version of the 

Booklet 

The Bureau is updating the Booklet to 

incorporate: (1) statutory amendments 

made to 12 U.S.C. 2604 by the DoddFrank Act, the Moving Ahead for 

Progress in 21st Century Act, Public 

Law 112–141, and the Homeowner 

Flood Insurance Affordability Act of 

2014, Public Law 113–89; (2) the 

Bureau’s Integrated Disclosures final 

rule effective on August 1, 2015; and (3) 

additional Bureau contact information, 

online tools, and information on how to 

submit complaints. Every effort was 

made to incorporate all statutory 

amendments; however, a Dodd-Frank 

Act amendment to 12 U.S.C. 2604 to 

provide notice of a loan fraud brochure 

and the web address and telephone 

number for obtaining the brochure 

could not be incorporated, as the 

brochure is no longer supported by the 

issuing agency. Instead, the Bureau has 

provided a link in the Booklet to a HUD 

Web page on loan fraud. 

The Bureau views this publication as 

part of the Bureau’s broader mission to 

educate consumers about consumer 

financial products. The Booklet has also 

been revised to, among other things, 

improve the readability and usability of 

the booklet and link to the Bureau’s 

Web site, regarding tools and resources 

that consumers can use to make bettermstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 80, No. 62 / Wednesday, April 1, 2015 / Notices 17415 

informed decisions about 

homeownership. The Bureau is 

currently developing a Spanishlanguage version of the Booklet and will 

publish a Notice of availability in the 

Federal Register when that Booklet is 

released. Pursuant to section 

1026.19(g)(2), creditors may not make 

changes to, deletions from, or additions 

to the Booklet other than certain types 

of changes to the cover page. 

Distribution and Use of the Updated 

Booklet 

Under 12 U.S.C. 2604(a), lenders are 

required to provide the Booklet to each 

person from whom it receives an 

application for a mortgage loan and 

must deliver the Booklet or place it in 

the mail not later than 3 business days 

after the lender receives an application. 

As the Booklet has been redesigned to 

help consumers more effectively shop 

for a mortgage, all market participants 

are also encouraged to provide the 

Booklet to consumers at any other time, 

preferably as early in the home or 

mortgage shopping process as possible. 

Those who provide the Booklet 

should be aware that this update 

includes information on the new Loan 

Estimate and Closing Disclosure 

required to be provided to consumers 

for applications for federally related 

mortgage loans that are received on or 

after August 1, 2015. Because previous 

versions of the Booklet do not reference 

or explain the new integrated 

disclosures, the Bureau believes that 

providing consumers with the updated 

Booklet in conjunction with the 

integrated disclosures is important to 

facilitating consumers’ understanding of 

the transaction. 

Dated: March 12, 2015. 

Richard Cordray, 

Director, Bureau of Consumer Financial 

Protection. 

[FR Doc. 2015–06568 Filed 3–31–15; 8:45 am] 

BILLING CODE 4810–AM–P 

DEPARTMENT OF EDUCATION 

Applications for New Awards; Minority 

Science and Engineering Improvement 

Program 

AGENCY: Office of Postsecondary 

Education, Department of Education. 

ACTION: Notice. 

Overview Information: 

Minority Science and Engineering 

Improvement Program (MSEIP) 

Notice inviting applications for new 

awards for fiscal year (FY) 2015. 

Catalog of Federal Domestic 

Assistance (CFDA) Number: 84.120A. 

DATES: Applications Available: April 1, 

2015. 

Deadline for Transmittal of 

Applications: June 1, 2015. 

Deadline for Intergovernmental 

Review: July 30, 2015. 

Full Text of Announcement 

I. Funding Opportunity Description 

Purpose of Program: The MSEIP is 

designed to effect long-range 

improvement in science and 

engineering education at predominantly 

minority institutions and to increase the 

flow of underrepresented ethnic 

minorities, particularly minority 

women, into scientific and 

technological careers. 

Priorities: This notice contains one 

competitive preference priority and one 

invitational priority. The competitive 

preference priority is from the 

Department’s notice of final 

supplemental priorities and definitions 

for discretionary grant programs, 

published in the Federal Register on 

December 10, 2014 (79 FR 73425). 

Competitive Preference Priority: For 

FY 2015 and any subsequent year in 

which we make awards from the list of 

unfunded applicants from this 

competition, this priority is a 

competitive preference priority. Under 

34 CFR 75.105(c)(2)(i), we award an 

additional two points to an application 

that meets this priority. 

The competitive preference priority 

is: 

Competitive Preference Priority— 

Promoting Science, Technology, 

Engineering, and Mathematics (STEM) 

Education (2 additional points). 

Priority: Projects that are designed to 

improve Student Achievement (as 

defined in this notice) or other related 

outcomes by identifying and 

implementing instructional strategies, 

systems, and structures that improve 

postsecondary learning and retention, 

resulting in completion of a degree in a 

STEM field. 

Note: Applicants must indicate in the onepage abstract and on the MSEIP Eligibility 

Certification Form in the application package 

whether they intend to address the 

competitive preference priority. 

Note: Through the competitive preference 

priority, the Department encourages 

applicants to implement strategies to 

improve student outcomes, such as 

increasing the number of students, including 

High-need Students (as defined in this 

notice), who persist and graduate in a STEM 

field. For example, an institution could 

implement pedagogies of engagement, such 

as problem-based learning, or provide 

Authentic STEM experiences (as defined in 

this notice), for students in science and 

engineering programs. Applicants addressing 

this priority should demonstrate how their 

proposal will improve STEM education and 

student outcomes. 

Invitational Priority: For FY 2015 and 

any subsequent year in which we make 

awards from the list of unfunded 

applicants from this competition, this 

priority is an invitational priority. 

Under 34 CFR 75.105(c)(1), we do not 

give an application that meets this 

invitational priority a competitive or 

absolute preference over other 

applications. 

The invitational priority is: 

Invitational Priority—Improving 

STEM Education in the First Two Years 

of College. 

Priority: Projects designed to improve 

retention and other student outcomes in 

the first two years of college through 

strategies including, but not limited to, 

one or more of the following: 

(a) Obtaining institutional support 

and support from accrediting agencies 

for changes in curricular, pedagogical, 

and graduation requirements that are 

necessary to improve the first two years 

of STEM coursework. 

(b) Developing early intervention 

tutorial programs to help students 

academically deficient in STEM reach 

college level proficiency. 

Note: Through the invitational priority, the 

Department encourages applicants to address 

systemic barriers that result in high failure 

and dropout rates during the introductory 

years of science and engineering programs. 

Applicants addressing this priority should 

demonstrate how their proposal will improve 

STEM education in the first two years of 

college. 

Definitions: The following definitions 

are from the notice of final 

supplemental priorities and definitions 

for discretionary grant programs, 

published in the Federal Register on 

December 10, 2014 (79 FR 73425), and 

apply to the priorities in this notice: 

Authentic STEM experiences means 

laboratory, research-based, or 

experiential learning opportunities in a 

STEM (science, technology, engineering, 

and mathematics) subject in informal or 

formal settings. 

High-minority school means a school 

as that term is defined by a local 

educational agency (LEA), which must 

define the term in a manner consistent 

with its State’s Teacher Equity Plan, as 

required by section 1111(b)(8)(C) of the 

Elementary and Secondary Education 

Act of 1965, as amended (ESEA). The 

applicant must provide the definition(s) 

of high-minority schools used in its 

application. 

High-need students means students 

who are at risk of educational failure or 

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