Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks

ICR 200711-7100-015

OMB: 7100-0261

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2008-02-28
Justification for No Material/Nonsubstantive Change
2007-11-09
IC Document Collections
IC ID
Document
Title
Status
36290
Modified
182672
Modified
ICR Details
7100-0261 200711-7100-015
Historical Active 200711-7100-011
FRS Regulation H-5
Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks
Extension without change of a currently approved collection   No
Delegated
Approved without change 03/03/2008
Retrieve Notice of Action (NOA) 03/03/2008
  Inventory as of this Action Requested Previously Approved
03/31/2011 36 Months From Approved 03/31/2008
3,562 0 3,562
17,960 0 17,960
0 0 0

This information collection is a mandatory recordkeeping requirement contained in the Board's Regulation H (12 CFR 208.51) that implements section 304 of the Federal Deposit Insurance Corporation Improvement Act of 1991. State member banks must adopt and maintain a written real estate lending policy. Also, banks must identify their loans in excess of the supervisory loan-to-value limits and report (at least quarterly) the aggregate amount of the loans to the bank’s board of directors.

US Code: 12 USC 1828(o) Name of Law: Federal Deposit Insurance Corporation Improvement Act of 1991
  
None

Not associated with rulemaking

  72 FR 69688 12/10/2007
73 FR 9805 02/22/2008
No

2
IC Title Form No. Form Name
Aggregate Report
Policy Statement

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 3,562 3,562 0 0 0 0
Annual Time Burden (Hours) 17,960 17,960 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
John Schmidt 202-728-5859 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
03/03/2008


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