34756 Federal Register / Vol. 87, No. 109 / Tuesday, June 7, 2022 / Notices 

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 March 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 13040. 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 

‘‘1557–0220’’ or ‘‘Consumer Protections 

for Depository Institution Sales of 

Insurance.’’ 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, Clearance Officer, 

(202) 649–5490 or, for persons who are 

deaf or hearing impaired, TTY, (202) 

649–5597, Chief Counsel’s Office, Office 

of the Comptroller of the Currency, 400 

7th Street SW, 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 

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 notice. 

Title: Consumer Protections for 

Depository Institution Sales of 

Insurance. 

OMB Control No.: 1557–0220. 

Type of Review: Extension, without 

revision, of a currently approved 

collection. 

Description: This information 

collection is required under section 305 

of the Gramm-Leach-Bliley Act (GLB 

Act), 12 U.S.C. 1831x. Section 305 of the 

GLB Act requires the OCC, the Board of 

Governors of the Federal Reserve 

System, and the Federal Deposit 

Insurance Corporation (collectively, the 

Agencies) to prescribe joint consumer 

protection regulations that apply to 

retail sales practices, solicitations, 

advertising, and offers of any insurance 

product by a depository institution or by 

other persons performing these 

activities at an office of the institution 

or on behalf of the institution (other 

covered persons). Section 305 also 

requires those performing such 

activities to disclose certain information 

to consumers (e.g., that insurance 

products and annuities are not FDICinsured). 

This information collection requires 

national banks, Federal savings 

associations, and other covered persons 

involved in insurance sales, as defined 

in 12 CFR 14.20(f), to make two separate 

disclosures to consumers. Under 12 CFR 

14.40, a national bank, Federal savings 

association, or other covered person 

must prepare and provide orally and in 

writing: (1) certain insurance 

disclosures to consumers before the 

completion of the initial sale of an 

insurance product or annuity to a 

consumer and (2) certain credit 

disclosures at the time of application for 

the extension of credit (if insurance 

products or annuities are sold, solicited, 

advertised, or offered in connection 

with an extension of credit). The 

insurance disclosures are required in 

advertisements and promotional 

material for insurance products or 

annuities unless the advertisements and 

promotional materials are of a general 

nature describing or listing the services 

or products offered by the national bank 

or Federal savings association. 

Consumers use the disclosures to 

understand the risks associated with 

insurance products and annuities and to 

understand that they are not required to 

purchase, and may refrain from 

purchasing, certain insurance products 

or annuities in order to qualify for an 

extension of credit. 

Affected Public: Businesses or other 

for-profit. 

Frequency: On occasion. 

Estimated Burden: 

Estimated Number of Respondents: 

401. 

Total Estimated Burden Hours: 2,005. 

On March 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 13040. No comments 

were received. Comments continue to be 

solicited 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 the operation, 

maintenance, and purchase of services 

necessary to provide the required 

information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–12203 Filed 6–6–22; 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; Comment Request; Real 

Estate Lending and Appraisals 

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). In 

accordance with the requirements of the 

PRA, the OCC may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning renewal 

of its information collection titled, ‘‘Real 

Estate Lending and Appraisals.’’ 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 109 / Tuesday, June 7, 2022 / Notices 34757 

DATES: Comments must be received by 

August 8, 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: 1557–0190, 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– 

0190’’ 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. 

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. 

• 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 ‘‘1557–0190’’ 

or ‘‘Real Estate Lending and 

Appraisals.’’ 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, Mail Stop 9W–11, 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. Section 

3506(c)(2)(A) of part 44 (44 U.S.C. 

3506(c)(2)(A)) requires Federal agencies 

to provide a 60-day notice in the 

Federal Register concerning each 

proposed collection of information, 

including each proposed extension of an 

existing collection of information, 

before submitting the collection to OMB 

for approval. To comply with this 

requirement, the OCC is publishing 

notice of the proposed collection of 

information set forth in this document. 

Title: Real Estate Lending and 

Appraisals. 

OMB Control No.: 1557–0190. 

Type of Review: Extension, without 

revision, of a currently approved 

collection. 

Description: Twelve CFR parts 34 and 

160 contain a number of reporting, 

recordkeeping, and disclosure 

requirements. Twelve CFR part 34, 

subpart B (Adjustable-Rate Mortgages 

(ARM)), subpart E (Other Real Estate 

Owned (OREO)) and part 160 (Lending 

and Investment) contain reporting 

requirements. Twelve CFR part 34, 

subpart C (Appraisal Requirements), 

subpart D (Real Estate Lending 

Standards), and part 160 contains 

recordkeeping requirements. Twelve 

CFR 190.4(h) contains a disclosure 

requirement concerning Federallyrelated residential manufactured 

housing loans. 

Twelve CFR part 34, subpart B, 

§ 34.22(a) and § 160.35 require that for 

ARM loans, the loan documentation 

must specify an index or combination of 

indices to which changes in the interest 

rate will be linked. Sections 34.22(b) 

and 160.35(d)(3) set forth the notice 

procedures for national banks and 

Federal savings associations to use 

when seeking to use an alternative 

index. 

Twelve CFR 34.44 provides minimum 

standards for the performance of real 

estate appraisals, including the 

requirement that appraisals be in 

writing and contain sufficient 

information and analysis to support the 

institution’s decision to engage in the 

transaction. 

Twelve CFR 34.62, 160.101, and the 

related appendices require each 

institution to adopt and maintain 

written policies that establish 

appropriate limits and standards for 

extensions of credit that are secured by 

liens on or interests in real estate, or 

that are made for the purpose of 

financing permanent improvements to 

real estate. The institution’s board of 

directors must approve the real estate 

lending policies at least annually. 

Twelve CFR 7.1024(d) requires that, 

after holding any real estate acquired for 

future bank expansion for one year, a 

national bank or Federal savings 

association must state, by resolution or 

other official action, its plans for the use 

of the property and make the resolution 

or other action available for inspection 

by examiners. Twelve CFR 34.85 

requires national banks and Federal 

savings associations to develop prudent 

real estate collateral evaluation policies 

to monitor the value of each parcel of 

OREO in a manner consistent with 

prudent banking practice. Twelve CFR 

34.85 establishes the appraisal 

requirements for OREO held by 

institutions, with reference to the 

appraisal requirements in 12 CFR 34, 

subpart C, ‘‘Appraisals.’’ 

Twelve CFR 34.85 requires national 

banks and Federal savings associations 

to obtain an appraisal or evaluation, as 

appropriate, to substantiate the market 

value of each parcel upon transfer to 

OREO. If the institution has a valid and 

compliant appraisal or evaluation that 

was previously obtained in connection 

with the underlying real estate loan, it 

does not need to obtain a new appraisal 

or evaluation to comply with these 

regulations. 

Section 34.86 requires national banks 

and Federal savings associations to 

notify the appropriate supervisory office 

at least 30 days before making advances 

under a development or improvement 

plan for OREO if the total investment in 

the property will exceed 10 percent of 

the institution’s capital and surplus. 

Twelve CFR 190.4(h) requires that for 

Federally-related residential 

manufactured housing loans, a creditor 

must send a debtor a notice of default 

at least 30 days prior to any 

repossession, foreclosure, or 

acceleration of payments. 

Affected Public: Businesses or other 

for-profit. 

Frequency of Response: On occasion. 

Burden Estimates: 

Estimated Number of Respondents: 


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34758 Federal Register / Vol. 87, No. 109 / Tuesday, June 7, 2022 / Notices 

Estimated Annual Burden: 

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. 2022–12204 Filed 6–6–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

for Form 13797 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the public and other Federal 

agencies to take this opportunity to 

comment on proposed and/or 

continuing information collections, as 

required by the Paperwork Reduction 

Act of 1995. Currently, the IRS is 

soliciting comments concerning Form 

13797, Tribal Evaluation of Filing and 

Accuracy Compliance (TEFAC) 

Compliance Check Report. 

DATES: Written comments should be 

received on or before August 8, 2022 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andre ́s Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Please include, ‘‘OMB Number: 1545– 

2026—Public Comment Request Notice’’ 

in the Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Ronald J. Durbala, 

at (202) 317–5746, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: TEFAC Compliance Check 

Report. 

OMB Number: 1545–2026. 

Form Number: 13797. 

Abstract: This form will be provided 

to tribes who elect to perform a selfcompliance check on any or all their 

entities. This is a VOLUNTARY 

program, and the entity is not penalized 

for non-completion of forms or 

withdrawal from the program. Upon 

completion, the information will be 

used by the Tribe and ITG to develop 

training needs, compliance strategies, 

and corrective actions. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This form is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations and State, Local, 

or Tribal Government. 

Estimated Number of Respondents: 

20. 

Estimated Time per Respondent: 22 

hours 20 min. 

Estimated Total Annual Burden 

Hours: 447. 

The following paragraph applies to all 

the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a 

collection of information must be 

retained if their contents may become 

material in the administration of any 

internal revenue law. Generally, tax 

returns and tax return information are 

confidential, as required by 26 U.S.C. 

6103. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility. 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: June 2, 2022. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2022–12233 Filed 6–6–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Ongoing Data 

Collection of Centrally Cleared 

Transactions in the U.S. Repurchase 

Agreement Market 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other federal agencies to comment on 

the proposed information collections 

listed below, in accordance with the 

Paperwork Reduction Act of 1995. 

DATES: Written comments must be 

received on or before August 8, 2022. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

Treasury PRA Clearance Officer, 1750 

Pennsylvania Ave. NW, Suite 8100, 

Washington, DC 20220, or email at 

PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from John R. Zitko by emailing 

john.zitko@ofr.treasury.gov, calling 

(202) 550–4381, or viewing the entire 

information collection request at 

www.reginfo.gov. 


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