Federal Register / Vol. 82, No. 185 / Tuesday, September 26, 2017 / Notices 44875 

interactive Web pages of the HMDA 

Platform to process HMDA data. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Regulation C: 

2017: 

Estimated Number of Respondents: 

702. 

Estimated Annual Burden: 3,384,342 

hours. 

2018: 

Estimated Number of Respondents: 

702. 

Estimated Annual Burden: 959,232 

hours. 

2019: 

Estimated Number of Respondents: 

702. 

Estimated Annual Burden: 959,232 

hours. 

Fair Housing Home Loan Data System 

Regulation: 

Estimated Number of Respondents: 

956. 

Estimated Annual Burden: 19,864 

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 collections of 

information are 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 

estimates 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. 

Dated: September 20, 2017. 

Karen Solomon, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2017–20530 Filed 9–25–17; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Requirements: Information Collection 

Renewal; Comment Request; Debt 

Cancellation Contracts and Debt 

Suspension Agreements 

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. 

Currently, the OCC is soliciting 

comment concerning the renewal of an 

information collection titled ‘‘Debt 

Cancellation Contracts and Debt 

Suspension Agreements.’’ 

DATES: You should submit written 

comments by: November 27, 2017. 

Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0224, 400 7th Street SW., Suite 

3E–218, Washington, DC 20219. In 

addition, comments may be sent by fax 

to (571) 465–4326 or by electronic mail 

to prainfo@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 400 7th Street 

SW., Washington, DC 20219. For 

security reasons, the OCC requires that 

visitors make an appointment to inspect 

comments. You may do so by calling 

(202) 649–6700 or, for persons who are 

deaf or hard of hearing, TTY, (202) 649– 

5597. Upon arrival, visitors will be 

required to present valid governmentissued photo identification and submit 

to security screening in order to inspect 

and photocopy comments. 

All 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. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490 or, for persons 

who are deaf or hard of hearing, TTY, 

(202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Suite 3E–218, Washington, 

DC 20219. 

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. Section 3506(c)(2)(A) of 

title 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 renewal of 

the information collection set forth in 

this document. 

Title: Debt Cancellation Contracts and 

Debt Suspension Agreements. 

OMB Control No.: 1557–0224. 

Description: Twelve U.S.C. 

24(Seventh) authorizes a national bank 

(bank) to enter into Debt Cancellation 

Contracts (DCCs) and Debt Suspension 

Agreements (DSAs). Part 37 requires 

banks to disclose information about a 

DCC or a DSA using either a short or 

long form disclosure. The short form 

disclosure usually is made orally and 

issued at the time a bank first solicits 

the purchase of a contract. The long 

form disclosure usually is made in 

writing and issued before the customer 

completes the purchase of the contract. 

There are special rules for transactions 

by telephone, solicitations using written 

mail inserts or ‘‘take one’’ applications, 

and electronic transactions. Part 37 

provides two forms of disclosure that 

serve as models for satisfying the 

requirements of the rule. Use of the 

forms is not mandatory, and the 

regulation permits a bank to adjust the 

form and wording of its disclosures so 

long as it meets the applicable 

requirements. The requirements of part 

37 enhance consumer protections for 

customers who purchase DCCs and 

DSAs from banks and ensure that banks 

offer these products in a safe and sound 

44876 Federal Register / Vol. 82, No. 185 / Tuesday, September 26, 2017 / Notices 

manner by requiring them to effectively 

manage their risk exposure. 

Section 37.6 

Section 37.6 requires the form of the 

disclosures to be readily understandable 

and meaningful. The content of the 

short and long form may vary, 

depending on whether a bank elects to 

provide a summary of the conditions 

and exclusions in the long form 

disclosures or refer the customer to the 

pertinent paragraphs in the contract. For 

example, the short form disclosure 

requires a bank to instruct the customer 

to read carefully both the long form 

disclosures and the contract for a full 

explanation of the contract terms, while 

the long form gives a bank the option of 

either: (i) Summarizing the limitations; 

or (ii) advising the customer that a 

complete explanation of the eligibility 

requirements, conditions, and 

exclusions is available in the contract 

and identifying the paragraphs where 

the customer may find that information. 

Section 37.6 and appendices A and B 

to part 37 require a bank to provide the 

following disclosures (summarized 

below), as appropriate: 

• Anti-tying (short and long form)—A 

bank must inform the customer that 

purchase of the product is optional and 

that neither the bank’s decision whether 

to approve the loan nor the terms and 

conditions of the loan are conditioned 

on the purchase of a DCC or DSA. 

• Explanation of debt suspension 

agreement (long form)—A bank must 

disclose that if a customer activates the 

agreement, the customer’s duty to pay 

the loan principal and interest is only 

suspended and the customer must fully 

repay the loan after the period of 

suspension has expired. 

• Amount of the fee (long form)—A 

bank must make disclosures regarding 

the amount of the fee. The content of the 

disclosure depends on whether the 

credit is open-end or closed-end. In the 

case of closed-end credit, the bank must 

disclose the total fee. In the case of 

open-end credit, the bank must either: 

(i) Disclose that the periodic fee is based 

on the account balance multiplied by a 

unit cost and provide the unit cost; or 

(ii) disclose the formula used to 

compute the fee. 

• Lump sum payment of fee (short 

and long form)—A bank must disclose, 

where appropriate, that a customer has 

the option to pay the fee in a single 

payment or in periodic payments and 

adding the fee to the amount borrowed 

will increase the cost of the contract. 

This disclosure is not appropriate in the 

case of a DCC or DSA provided in 

connection with a home mortgage loan 

because the option to pay the fee in a 

single payment is not available in that 

case. 

• Lump sum payment of fee with no 

refund (short and long form)—A bank 

must disclose that the customer has the 

option to choose a contract with or 

without a refund provision. This 

disclosure must also state that the prices 

of refund and no-refund products are 

likely to differ. 

• Refund of fee paid in lump sum 

(short and long form)—If a bank permits 

a customer to pay the fee in a single 

payment and add the fee to the amount 

borrowed, the bank must disclose its 

cancellation policy. The disclosure 

informs the customer of the bank’s 

refund policy, as applicable, i.e., that 

the DCC or DSA may be: (i) Canceled at 

any time for a refund; (ii) cancelled 

within a specified number of days for a 

full refund; or (iii) cancelled at any time 

with no refund. 

• Whether use of credit line is 

restricted (long form)—A bank must 

inform a customer if the customer’s 

activation of the contract would prohibit 

the customer from incurring additional 

charges or using the credit line. 

• Termination of a DCC or DSA (long 

form)— If termination is permitted 

during the life of the loan, a bank must 

include an explanation of the 

circumstances under which a customer 

or the bank may terminate the contract. 

• Additional disclosures (short 

form)—A bank must inform consumers 

that it will provide additional 

information before the customer is 

required to pay for the product. 

• Eligibility requirements, conditions, 

and exclusions (short and long form)— 

A bank must describe any material 

limitations relating to the DCC or DSA. 

Section 37.7 

Section 37.7 requires a bank to obtain 

a customer’s written affirmative election 

to purchase a contract and written 

acknowledgment of receipt of the 

disclosures required by § 37.6. The 

section further provides that the 

election and acknowledgment must be 

conspicuous, simple, direct, readily 

understandable, and designed to call 

attention to their significance. Pursuant 

to § 37.7(b), if the sale of the contract 

occurs by telephone, the customer’s 

affirmative election to purchase and 

acknowledgment of receipt of the 

required short form may be made orally, 

provided the bank: (i) Maintains 

sufficient documentation to show that 

the customer received the short form 

disclosures and then affirmatively 

elected to purchase the contract; (ii) 

mails the affirmative written election 

and written acknowledgment, together 

with the long form disclosures required 

by § 37.6, to the customer within 3 

business days after the telephone 

solicitation and maintains sufficient 

documentation to show it made 

reasonable efforts to obtain the 

documents from the customer; and (iii) 

permits the customer to cancel the 

purchase of the contract without penalty 

within 30 days after the bank has mailed 

the long form disclosures to the 

customer. 

Pursuant to § 37.7(c), if the DCC or 

DSA is solicited through written 

materials such as mail inserts or ‘‘take 

one’’ applications and the bank provides 

only the short form disclosures in the 

written materials, then the bank shall 

mail the acknowledgment, together with 

the long form disclosures, to the 

customer. The bank may not obligate the 

customer to pay for the contract until 

after the bank has received the 

customer’s written acknowledgment of 

receipt of disclosures, unless the bank 

takes certain steps, maintains certain 

documentation, and permits the 

customer to cancel the purchase within 

30 days after mailing the long form 

disclosures to the customer. Section 

37.6(d) permits the customer’s 

affirmative election and 

acknowledgment to be made 

electronically. 

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

Number of Respondents: 1,300. 

Total Annual Burden Hours: 31,200 

hours. 

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 

shall have 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. 

Federal Register / Vol. 82, No. 185 / Tuesday, September 26, 2017 / Notices 44877 

Dated: September 20, 2017. 

Karen Solomon, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2017–20529 Filed 9–25–17; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Research Advisory Committee on Gulf 

War Veterans’ Illnesses; Notice of 

Meeting 

The Department of Veterans Affairs 

(VA) gives notice under the Federal 

Advisory Committee Act that the 

Research Advisory Committee on Gulf 

War Veterans’ Illnesses will meet on 

October 30, 2017, in Room 230 at 810 

Vermont Avenue NW., Washington, DC, 

from 8:00 a.m. until 3:30 p.m. (Eastern). 

All sessions will be open to the public, 

and for interested parties who cannot 

attend in person, there is a toll-free 

telephone number (800) 767–1750; 

access code 56978#. 

The purpose of the Committee is to 

provide advice and make 

recommendations to the Secretary of 

Veterans Affairs on proposed research 

studies, research plans, and research 

strategies relating to the health 

consequences of military service in the 

Southwest Asia theater of operations 

during the Gulf War in 1990–1991. 

The Committee will review VA 

program activities related to Gulf War 

Veterans’ illnesses, and updates on 

relevant scientific research published 

since the last Committee meeting. 

Presentations will include updates on 

the VA Gulf War research program, 

descriptions of new areas of research in 

gastrointestinal disorders, and 

phenotyping research that can be 

applied to the health problems of Gulf 

War Veterans. Also, there will be a 

discussion of Committee business and 

activities. 

The meeting will include time 

reserved for public comments in the 

afternoon. A sign-up sheet for 5-minute 

comments will be available at the 

meeting. Individuals who wish to 

address the Committee may submit a 1– 

2 page summary of their comments for 

inclusion in the official meeting record. 

Members of the public may also submit 

written statements for the Committee’s 

review to Dr. Victor Kalasinsky via 

email at victor.kalasinsky@va.gov. 

Because the meeting is being held in 

a government building, a photo I.D. 

must be presented as part of the 

clearance process. Therefore, any person 

attending should allow an additional 15 

minutes before the meeting begins. Any 

member of the public seeking additional 

information should contact Dr. 

Kalasinsky, Designated Federal Officer, 

at (202) 443–5600. 

Dated: September 21, 2017. 

LaTonya L. Small, 

Federal Advisory Committee Management 

Officer. 

[FR Doc. 2017–20580 Filed 9–25–17; 8:45 am] 

BILLING CODE 8320–01–P