HMDA Loan/Application Register

Forms and Documents

Document Name	Status
Form FR-HMDA-LAR State member banks Form	Unchanged
Reg_C_R1321.HMDA.LAR.200811.omb.pdf Supporting Statement A	2008-11-05
Reg_C_R1321.HMDA_LAR.20081020.nonpub.nfrm.pdf Supplementary Document	2008-10-21
Reg_C_R1321.HMDA_LAR.20081020.pr.pdf Supplementary Document	2008-10-21
Reg_C_R1321.HMDA_LAR.20080714.pr.pdf Supplementary Document	2008-09-24

IC Document Collections

IC ID	Document Title	Status
36279	State member banks Form	Unchanged
186709	One-time system update (Docket No. R-1321)	New
181544	Mortgage subsidiaries of state member banks	Unchanged

ICR Details

OMB Control No: 7100-0247	ICR Reference No: 200809-7100-005
Status: Historical Active	Previous ICR Reference No: 200708-7100-008
Agency/Subagency: FRS	Agency Tracking No: HMDA_LAR (Reg C ) R-1321
Title: HMDA Loan/Application Register
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/06/2008
	Date Received in OIRA: 11/06/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2010	10/31/2010	10/31/2010
Responses	1,360	0	680
Time Burden (Hours)	167,790	0	156,910
Cost Burden (Dollars)	0	0	0

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Abstract: This report collects information from mortgage lenders on applications for, and orignations and purchases of, mortgage and home improvement loans. State member banks (SMBs), subsidiaries of SMBs and bank holding companies, U.S. branches and agencies of foreign banks (other than federal branches, federal agencies and insured state branches of foreign banks), commerical lending companies owned or controlled by foreign banks, and Edge and agreement corporations are required to use the report as a running log throughout the calendar year and to send it to the.....

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Authorizing Statute(s): US Code: 12 USC 2803(j) Name of Law: Home Mortgage Disclosure Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AD25	Proposed rulemaking	73 FR 44189	07/30/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Mortgage subsidiaries of state member banks
One-time system update (Docket No. R-1321)
State member banks	FR-HMDA-LAR	LOAN/APPLICATION REGISTER (transmittal sheet)

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ICR Summary of Burden

	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	1,360	680	0	680	0	0
Annual Time Burden (Hours)	167,790	156,910	0	10,880	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes to amend Regulation C by revising the rules for reporting price information on higher-priced loans. The rules would be conformed to the definition of “higher-priced mortgage loan” adopted by the Board under Regulation Z (Truth in Lending).

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Annual Cost to Federal Government: $2,300,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/06/2008

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