Federal Register / Vol. 87, No. 77 / Thursday, April 21, 2022 / Notices 23911 

1 74 FR 66652. 

2 75 FR 50801. 

information collection, click on the 

related ‘‘ICR Reference Number.’’ On the 

next screen, select ‘‘View Supporting 

Statement and Other Documents’’ and 

then click on the link to any comment 

listed at the bottom of the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, Clearance Officer, 

(202) 649–5490, Chief Counsel’s Office, 

Office of the Comptroller of the 

Currency, 400 7th Street SW, Suite 3E– 

218, Washington, DC 20219. If you are 

deaf, hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), Federal 

agencies must obtain approval from the 

OMB for each collection of information 

that they conduct or sponsor. 

‘‘Collection of information’’ is defined 

in 44 U.S.C. 3502(3) and 5 CFR 

1320.3(c) to include agency requests or 

requirements that members of the public 

submit reports, keep records, or provide 

information to a third party. The OCC 

asks that OMB extend its approval of the 

information collection in this document. 

Abstract: On December 16, 2009, the 

OCC, FDIC, FRB, and NCUA sought 

comment on proposed Guidance,1

which they subsequently issued in final 

form on August 17, 2010.2 The 

Guidance focuses on the need to 

provide adequate information to 

consumers about reverse mortgage 

products, to provide qualified 

independent counseling to consumers 

considering these products, and to avoid 

potential conflicts of interest. The 

Guidance also addresses related 

policies, procedures, internal controls, 

and third party risk management. 

• The information collection 

requirements contained in the Guidance 

address the implementation of policies 

and procedures, training, and program 

maintenance. Institutions offering 

reverse mortgages should have written 

policies and procedures that prohibit 

the practice of directing a consumer to 

a particular counseling agency or 

contacting a counselor on the 

consumer’s behalf. 

• Policies should be clear so that 

originators do not have an inappropriate 

incentive to sell other products that 

appear linked to the granting of a 

mortgage. 

• Legal and compliance reviews 

should include oversight of 

compensation programs so that lending 

personnel are not improperly 

encouraged to direct consumers to 

particular products. 

• Training should be designed so that 

relevant lending personnel are able to 

convey information to consumers about 

product terms and risks in a timely, 

accurate, and balanced manner. 

Title of Information Collection: 

Reverse Mortgage Products: Guidance 

for Managing Compliance and 

Reputation Risks. 

OMB Control No.: 1557–0246. 

Affected Public: National banks, 

Federal savings associations, 

subsidiaries of national banks and 

Federal savings associations, and 

Federal branches or agencies of foreign 

banks. 

Type of Review: Regular. 

Estimated Number of Respondents: 

12. 

Frequency of Response: On occasion. 

Total Estimated Annual Burden: 136 

hours. 

On January 28, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 4711. The 

OCC received one comment in response 

to the notice from a trade association. 

The commenter referenced the quality, 

utility, and clarity of the information 

collected in the context of the guidance 

itself. However, the commenter made no 

specific recommendations regarding the 

information collection. The OCC will 

consider the suggestions made by the 

commenter for revising the interagency 

Guidance in connection with any 

potential future discussions with the 

Board of Governors of the Federal 

Reserve and the FDIC. 

Comments continue to be invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the OCC’s functions, 

including whether the information has 

practical utility; 

(b) The accuracy of the estimates of 

the burden of the information 

collection, including the validity of the 

methodology and assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the information collection on 

respondents, including 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–08532 Filed 4–20–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Revision; Comment Request; 

Regulation C—Home Mortgage 

Disclosure Act 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on a continuing information 

collection as required by the Paperwork 

Reduction Act of 1995 (PRA). An agency 

may not conduct or sponsor, and 

respondents are not required to respond 

to, an information collection unless it 

displays a currently valid Office of 

Management and Budget (OMB) control 

number. The OCC is soliciting comment 

concerning the revision of the 

information collection titled 

‘‘Regulation C—Home Mortgage 

Disclosure Act.’’ 

DATES: Comments must be submitted on 

or before June 21, 2022. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 

Attention: 1557–0345, 400 7th Street 

SW, Suite 3E–218, Washington, DC 

20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

• Fax: (571) 465–4326. 

Instructions: You must include 

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

0345’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 


jspears on DSK121TN23PROD with NOTICES1
23912 Federal Register / Vol. 87, No. 77 / Thursday, April 21, 2022 / Notices 

1 12 CFR part 1003. 

2 12 U.S.C. 2801–2811. 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

Following the close of this notice’s 

60-day comment period, the OCC will 

publish a second notice with a 30-day 

comment period. You may review 

comments and other related materials 

that pertain to this information 

collection beginning on the date of 

publication of the second notice for this 

collection by the method set forth in the 

next bullet. Following the close of this 

notice’s 60-day comment period, the 

OCC will publish a second notice with 

a 30-day comment period. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ drop 

down menu. From the ‘‘Currently under 

Review’’ drop-down menu, select 

‘‘Department of Treasury’’ and then 

click ‘‘submit.’’ This information 

collection can be located by searching 

by OMB control number ‘‘1557–0345’’ 

or ‘‘Regulation C—Home Mortgage 

Disclosure Act.’’ Upon finding the 

appropriate information collection, click 

on the related ‘‘ICR Reference Number.’’ 

On the next screen, select ‘‘View 

Supporting Statement and Other 

Documents’’ and then click on the link 

to any comment listed at the bottom of 

the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490, Chief Counsel’s 

Office, Office of the Comptroller of the 

Currency, 400 7th Street SW, 

Washington, DC 20219. If you are deaf, 

hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501 et seq.), Federal 

agencies must obtain approval from the 

OMB for each collection of information 

that they conduct or sponsor. 

‘‘Collection of information’’ is defined 

in 44 U.S.C. 3502(3) and 5 CFR 

1320.3(c) to include agency requests or 

requirements that members of the public 

submit reports, keep records, or provide 

information to a third party. Section 

3506(c)(2)(A) of title 44 requires Federal 

agencies to provide a 60-day notice in 

the Federal Register concerning each 

proposed collection of information, 

including each proposed revision of an 

existing collection of information, 

before submitting the collection to OMB 

for approval. To comply with this 

requirement, the OCC is publishing this 

notice. 

Title: Regulation C—Home Mortgage 

Disclosure Act. 

OMB Control No.: 1557–0345. 

Type of Review: Regular review. 

Abstract: Regulation C,1 which 

implements the Home Mortgage 

Disclosure Act (HMDA) 2 requires 

certain depository and non-depository 

institutions that make certain mortgage 

loans to collect, report, and disclose 

data about originations and purchases of 

mortgage loans as well as data about 

loan applications that do not result in 

originations. HMDA requires the 

generation of loan data that can be used 

to: (1) Help determine whether 

depository and non-depository 

institutions are serving the housing 

needs of their communities; (2) assist 

public officials in distributing publicsector investments so as to attract 

private investment to areas where it is 

needed; and (3) assist in identifying 

possible discriminatory lending patterns 

and enforcing anti-discrimination 

statutes. 

Twelve CFR 1003.5 requires the 

disclosure and reporting of data on 

mortgage loans. Section 1003.5(a)(1)(i) 

provides that by March 1 following the 

calendar year for which data are 

collected and recorded, a financial 

institution must submit its annual loan/ 

application register in electronic format 

to the appropriate Federal agency at the 

address identified by such agency. An 

authorized representative of the 

financial institution with knowledge of 

the data submitted must certify to the 

accuracy and completeness of data 

submitted. The financial institution 

must retain a copy of its annual loan/ 

application register for at least three 

years. 

Section 1003.5(a)(1)(ii) provides that 

within 60 calendar days after the end of 

each calendar quarter except the fourth 

quarter, a financial institution that 

reported for the preceding calendar year 

at least 60,000 covered loans and 

applications, combined, excluding 

purchased covered loans, must submit 

to the appropriate Federal agency its 

loan/application register containing all 

data required to be recorded for that 

quarter. The financial institution must 

submit its quarterly loan/application 

register pursuant to in electronic format 

at the address identified by the 

appropriate Federal agency for the 

institution. 

Under section 1003.5(a)(2), a financial 

institution that is a subsidiary of a bank 

or savings association must complete a 

separate loan/application register. The 

subsidiary must submit the loan/ 

application register, directly or through 

its parent, to the appropriate Federal 

agency for the subsidiary’s parent at the 

address identified by the agency. 

Section 1003.5(b)(1) provides that the 

Federal Financial Institutions 

Examination Council (FFIEC) will make 

available a disclosure statement based 

on the data each financial institution 

submits for the preceding calendar year. 

Section 1003.5(b)(2) provides that no 

later than three business days after 

receiving notice from the FFIEC that a 

financial institution’s disclosure 

statement is available, the financial 

institution must make available to the 

public upon request at its home office, 

and each branch office physically 

located in each Metropolitan Statistical 

Area (MSA) and each Metropolitan 

Division (MD), a written notice that 

clearly conveys that the institution’s 

disclosure statement may be obtained 

on the CFPB’s website. A financial 

institution must make this notice 

available for a period of three years. 

Section 1003.5(c)(1) provides that a 

financial institution must make 

available to the public upon request at 

its home office, and each branch office 

physically located in each MSA and 

each MD, a written notice that clearly 

conveys that the institution’s loan/ 

application register, as modified by the 

CFPB to protect applicant and borrower 

privacy, may be obtained on the CFPB’s 

website. A financial institution shall 

make available the notice following the 

calendar year for which the data are 

collected. A financial institution must 

make the notice available to the public 

for a period of five years. 

Section 1003.5(d)(2) provides that a 

financial institution may make available 

to the public, at its discretion its 

disclosure statement or its loan/ 

application register, as modified by the 

CFPB to protect applicant and borrower 

privacy. 

Section 1003.5(e) provides that a 

financial institution must post a general 

notice about the availability of its 

HMDA data in the lobby of its home 

office and of each branch office 

physically located in each MSA and 

each MD. This notice must clearly 

convey that the institution’s HMDA data 

is available on the CFPB’s website. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

437. 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 77 / Thursday, April 21, 2022 / Notices 23913 

1 72 FR 1372 (January 11, 2007). 

Estimated Annual Burden: 609,100 

hours. 

Frequency of Response: On occasion. 

Comments: Comments submitted in 

response to this notice will be 

summarized and included in the request 

for OMB approval. All comments will 

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 information collection 

burden; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–08534 Filed 4–20–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Interagency Statement on Complex 

Structured Finance Transactions 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on a continuing information 

collection as required by the Paperwork 

Reduction Act of 1995 (PRA). An agency 

may not conduct or sponsor, and 

respondents are not required to respond 

to, an information collection unless it 

displays a currently valid Office of 

Management and Budget (OMB) control 

number. The OCC is soliciting comment 

concerning the renewal of an 

information collection titled 

‘‘Interagency Statement on Complex 

Structured Finance Transactions.’’ The 

OCC also is giving notice that it has sent 

the collection to OMB for review. 

DATES: Comments must be submitted on 

or before May 23, 2022. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, 1557– 

0229, Office of the Comptroller of the 

Currency, 400 7th Street SW, Suite 3E– 

218, Washington, DC 20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

• Fax: (571) 465–4326. 

Instructions: You must include 

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

0229’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

Written comments and 

recommendations for the proposed 

information collection should also be 

sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

On February 2, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 5941. You 

may review comments and other related 

materials that pertain to this 

information collection following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ drop-down menu. From the 

‘‘Currently under Review’’ drop-down 

menu, select ‘‘Department of Treasury’’ 

and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0229’’ or ‘‘Interagency Statement 

on Complex Structured Finance 

Transactions.’’ Upon finding the 

appropriate information collection, click 

on the related ‘‘ICR Reference Number.’’ 

On the next screen, select ‘‘View 

Supporting Statement and Other 

Documents’’ and then click on the link 

to any comment listed at the bottom of 

the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490, Chief Counsel’s 

Office, Office of the Comptroller of the 

Currency, 400 7th Street SW, Suite 3E– 

218, Washington, DC 20219. If you are 

deaf, hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), Federal 

agencies must obtain approval from the 

OMB for each collection of information 

they conduct or sponsor. ‘‘Collection of 

information’’ is defined in 44 U.S.C. 

3502(3) and 5 CFR 1320.3(c) to include 

agency requests or requirements that 

members of the public submit reports, 

keep records, or provide information to 

a third party. The OCC asks that OMB 

extend its approval of the collection in 

this document. 

Title: Interagency Statement on 

Complex Structured Finance 

Transactions. 

OMB Control No.: 1557–0229. 

Description: The Interagency 

Statement on Complex Structured 

Finance Transactions 1 describes the 

types of internal controls and risk 

management procedures that the 

agencies (OCC, Board of Governors of 

the Federal Reserve System, Federal 

Deposit Insurance Corporation, and 

Securities and Exchange Commission) 

consider particularly effective in 

helping financial institutions identify 

and address the reputational, legal, and 

other risks associated with complex 

structured finance transactions. Those 

internal controls and risk management 

procedures form the basis of this 

information collection. 

Affected Public: Businesses or other 

for-profit. 

Type of Review: Regular. 

Estimated Number of Respondents: 9. 

Estimated Annual Burden: 225 hours. 

Frequency of Response: On occasion. 

On February 2, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 5941. No 

comments were received. Comments 

continue to be collected on: 

(a) Whether the collection of 

information is necessary for the proper 


jspears on DSK121TN23PROD with NOTICES1