Federal Register / Vol. 82, No. 185 / Tuesday, September 26, 2017 / Notices 44873 

1 12 CFR part 1003. 

2 12 U.S.C. 2801–2811. 

3Public Law 111–203, July 21, 2010. 

cites the Transportation Security 

Administration’s warning to truckers 

that vehicles transporting HM are 

‘‘targets of choice’’ for terrorists and 

thus should not be parked en route. 

Second, NTTC cites a regulation of the 

Pipeline and Hazardous Materials Safety 

Administration (US DOT) stating that 

‘‘[a]ll shipments of hazardous materials 

must be transported without 

unnecessary delay, from and including 

the time of commencement of the 

loading of the hazardous material until 

its final unloading at destination’’ (49 

CFR 177.800(d)). For these reasons, 

NTTC believes that its drivers should 

not be required to take a rest break when 

they discover that they are no longer 

eligible for the short-haul exemption. 

NTTC seeks exemption for the 

maximum period of 5 years. A copy of 

NTTC’s application for exemption is 

available in the docket of this matter. 

Issued on: September 18, 2017 

Larry W. Minor, 

Associate Administrator for Policy. 

[FR Doc. 2017–20525 Filed 9–25–17; 8:45 am] 

BILLING CODE 4910–EX–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Revisions; Comment Request; 

Regulation C; Fair Housing Home Loan 

Data System Regulation 

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 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 the revisions of information 

collections titled ‘‘Regulation C’’ and 

‘‘Fair Housing Home Loan Data System 

Regulation.’’ 

DATES: Comments must be submitted on 

or before November 27, 2017. 

ADDRESSES: 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: 

1557–0176; 1557–0159, 400 7th Street 

SW., Suite 3E–218, Mail Stop 9W–11, 

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., Washington, DC 20219. 

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 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. 

Titles: Regulation C; Fair Housing 

Home Loan Data System Regulation. 

OMB Control Nos.: 1557–0176; 1557– 

0159. 

Type of Review: Regular review. 

Description: Regulation C,1 which 

implements the Home Mortgage 

Disclosure Act 2 (HMDA) enacted in 

1975, 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 

loan applications that do not result in 

originations. HMDA generates loan data 

that can be used to: (1) Help determine 

whether financial institutions are 

serving the housing needs of their 

communities; (2) assist public officials 

in distributing public-sector 

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. 

The Dodd-Frank Wall Street Reform 

and Consumer Protection Act of 2010 3

(the Dodd-Frank Act) transferred HMDA 

and its rulemaking authority from the 

Board of Governors of the Federal 

Reserve System (Board) to the Consumer 

Financial Protection Bureau (CFPB), and 

transferred supervisory and enforcement 

authority for HMDA for depository 

institutions over $10 billion in 

consolidated assets from the Board, 

Federal Deposit Insurance Corporation, 

OCC, and National Credit Union 

Administration to the CFPB. 

The CFPB published a final rule on 

October 28, 2015, that expanded the 

data collected and reported under 

HMDA, as implemented by Regulation 

C, and published a final rule on 

September 13, 2017, with additional 

corrections and clarifications (final 

rules). The final rules also modified the 

types of lenders and loans covered 

under Regulation C. First, for data 

collected in 2017, and reported in 2018, 

the rule simply reduces the number of 

institutions covered under Regulation C 

because only depositories originating 

more than 25 closed end loans must 

report. Then, starting January 1, 2018, 

an institution will collect expanded data 

under HMDA if it either originates 25 or 

more closed-end mortgage loans or 500 

or more open-end lines of credit secured 

by a dwelling in each of the two 

preceding years, in addition to meeting 

other criteria. These institutions will 

begin reporting the expanded HMDA 

data in 2019. Starting in 2020, an 

institution will collect data on open-end 

lines of credit if it originates more than 

100 open-end lines of credit secured by 

a dwelling in each of the two preceding 

years (and report that open-end lines of 

credit data beginning in 2021). An 

44874 Federal Register / Vol. 82, No. 185 / Tuesday, September 26, 2017 / Notices 

4 42 U.S.C. 3605. 

5 15 U.S.C. 1691 et seq. 

6 15 U.S.C. 1601 et seq. 

7This regulation has been transferred to the CFPB 

(12 CFR part 1003). 

8Loan Application Register, http://www.ffiec.gov/ 

hmda/pdf/hmdalar2011.pdf. 

institution also will collect and report 

covered loans and applications 

quarterly if it received a total of at least 

60,000 covered loans and applications 

in the preceding calendar year. An 

institution must report a covered loan if 

it has met the loan origination threshold 

for that loan category (open-end or 

closed-end); an institution that is not 

required to report data may voluntarily 

do so. 

In addition, the types of loans covered 

under Regulation C will change under 

the final rules beginning in 2018. 

Covered institutions will be required to 

collect and report any mortgage loan 

secured by a dwelling, including openend lines of credit, regardless of the 

loan’s purpose. Dwelling-secured loans 

that are made principally for a 

commercial or business purpose, as well 

as agricultural—purpose loans and other 

specified loans will be excluded. 

HMDA requires covered institutions 

to collect, record, report, and disclose 

information about their mortgage 

lending activity. Currently, Regulation C 

requires a covered institution to collect 

and report data about: 

• Each application or loan, including 

the application date; the action taken 

and the date of that action; the loan 

amount; the loan type (for example, 

government guaranteed or not) and 

purpose (for example, home purchase); 

and, if the loan is sold, the type of 

purchaser; 

• Each applicant or borrower, 

including ethnicity, race, sex, and 

income; and 

• Each property, including location 

and occupancy status. 

Beginning in 2018, the final rules will 

require collection of additional data, 

which covered institutions will report 

in 2019: 

• Additional information about the 

applicant or borrower, such as age and 

credit score; 

• Information about the loan pricing, 

such as the borrower’s total cost to 

obtain a mortgage, temporary 

introductory rates, and borrower-paid 

origination charges; 

• Information about loan features, 

such as the loan term, prepayment 

penalties, or non-amortizing features 

(such as interest only or balloon 

payments); and 

• Additional information about 

property securing the loan, such as 

property value and property type. 

In addition, existing requirements, 

including the requirements for 

collection and reporting of information 

regarding an applicant’s or borrower’s 

ethnicity, race and sex are being 

amended. 

The Fair Housing Act 4 prohibits 

discrimination in the financing of 

housing on the basis of race, color, 

religion, sex, national origin, familial 

status, or handicap. The Equal Credit 

Opportunity Act 5 (ECOA) prohibits 

discrimination in any aspect of a credit 

transaction on the basis of race, color, 

religion, national origin, sex, marital 

status, age, receipt of income from 

public assistance, or exercise of any 

right under the Consumer Credit 

Protection Act 6 (CCPA). The OCC is 

responsible for ensuring that national 

banks and federal savings associations 

comply with those laws. This 

information collection is needed to 

promote compliance and for the OCC to 

fulfill its statutory responsibilities. 

The OCC uses the data collected 

pursuant to part 27 to determine 

whether an institution treated 

applicants consistently and made credit 

decisions commensurate with the 

applicants’ qualifications and in 

compliance with the ECOA and the Fair 

Housing Act. 

The information collection 

requirements in part 27 are as follows: 

• 12 CFR 27.3(a) requires national 

banks that are required to collect data 

on home loans under Regulation C7 to 

present the data on Form FR HMDA– 

LAR,8 or in automated format in 

accordance with the HMDA–LAR 

instructions. Section 27.3(a) also lists 

exceptions to the HMDA–LAR 

recordkeeping requirements. Federal 

savings associations are also required to 

report this information to the OCC 

pursuant to 12 CFR 128.6 and 

Regulation C. 

• 12 CFR 27.3(b) lists the information 

national banks shall attempt to obtain 

from an applicant as part of a home loan 

application and sets forth the 

information that banks must disclose to 

an applicant. 

• 12 CFR 27.3(c) sets forth additional 

information national banks must 

maintain in the loan file. 

• 12 CFR 27.4 states that the OCC 

may require a national bank to maintain 

a Fair Housing Inquiry/Application Log 

found in Appendix III to part 27 if there 

is reason to believe that the bank is 

engaging in discriminatory practices or 

if analysis of the data compiled by the 

bank under the Home Mortgage 

Disclosure Act (12 U.S.C. 2801 et seq.) 

and Regulation C indicates a pattern of 

significant variation in the number of 

home loans between census tracts with 

similar incomes and home ownership 

levels differentiated only by race or 

national origin. Section 27.4(a)(2) also 

requires a log if complaints filed with 

the Comptroller or letters in the 

Community Reinvestment Act file are 

found to be substantive in nature, 

indicating that the bank’s home lending 

practices are, or may be, discriminatory. 

• 12 CFR 27.5 requires a national 

bank to maintain the information 

required by § 27.3 for 25 months after 

the bank notifies the applicant of action 

taken on an application or after 

withdrawal of an application. 

• 12 CFR 27.7 requires a national 

bank to submit the information required 

by §§ 27.3(a) and 27.4 to the OCC upon 

its request prior to a scheduled 

examination using the Monthly Home 

Loan Activity Format form in Appendix 

I to part 27 and the Home Loan Data 

Form in Appendix IV to part 27. Section 

27.7(c)(3) states that a bank with fewer 

than 75 home loan applications in the 

preceding year will not be required to 

submit such forms unless the home loan 

activity is concentrated in the few 

months preceding the request for data, 

indicating the likelihood of increased 

activity over the subsequent year, or 

there is cause to believe that a bank is 

not in compliance with the fair housing 

laws based on prior examinations and/ 

or complaints, among other factors. 

• § 27.7(d) provides that if there is 

cause to believe that a bank is in 

noncompliance with fair housing laws, 

the Comptroller may require submission 

of additional Home Loan Data 

Submission Forms. The Comptroller 

may also require submission of the 

information maintained under § 27.3(a) 

and Home Loan Data Submission Forms 

at more frequent intervals. 

OCC-regulated institutions have 

access to a CFPB-developed web-based 

data submission and edit-check system 

(the HMDA Platform) that may be used 

to process HMDA data. Some 

institutions, typically those with small 

volumes of reported loans or those that 

do not use a vendor or other software to 

prepare their HMDA data for 

submission, still need to use a software 

solution for integrating HMDA data 

from paper records or electronic 

systems. Therefore, the CFPB created a 

prototype ‘‘LAR Formatting Tool’’ 

which will allow financial institutions 

with small volumes of reported loans, or 

those that do not use a vendor or other 

software to prepare their HMDA data for 

submission, to enter HMDA data and to 

create a pipe delimited text file to 

upload to the HMDA Platform. The 

institution can then proceed through the 

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