Mortgage Assistance Relief Services Rule

Forms and Documents

Document Name	Status
MARS NPRM SS_mtd.pdf Supporting Statement A	2010-02-22

IC Document Collections

IC ID	Document Title	Status
192054	Retaining and filing records of compliance	New
192053	Documenting compliance, monitoring sales presentations, related training	New
192052	Initial setup: creating procedures to monitor compliance	New
192051	Disclosures required incremental to Government-supplied language	New

ICR Details

OMB Control No: 3084-0157	ICR Reference No: 201002-3084-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FTC	Agency Tracking No:
Title: Mortgage Assistance Relief Services Rule
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 05/06/2010
	Date Received in OIRA: 03/09/2010
Terms of Clearance: The FTC should reconsider comments received regarding the burden estimates and provide a response and any necessary adjustments in its next submission to OMB.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Trade Commission (FTC or Commission) requests clearance from OMB for disclosure and recordkeeping requirements in the proposed regulations for Mortgage Assistance Relief Services (MARS).

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Authorizing Statute(s): PL: Pub.L. 111 - 24 511 Name of Law: Credit Card Accountability and Responsibility and Disclosure Act of 2009
   PL: Pub.L. 111 - 8 626 Name of Law: 2009 Omnibus Appropriations Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 24 511 Name of Law: Credit Card Accountability and Responsibility and Disclosure Act of 2009
PL: Pub.L. 111 - 8 626 Name of Law: 2009 Omnibus Appropriations Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AB18	Proposed rulemaking	75 FR 10707	03/09/2010

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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: 4

IC Title	Form No.	Form Name
Retaining and filing records of compliance
Documenting compliance, monitoring sales presentations, related training
Initial setup: creating procedures to monitor compliance
Disclosures required incremental to Government-supplied language

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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: This rulemaking is required by statute; the Omnibus Appropriations Act, as clarified by the Credit CARD Act, does not specify any particular types of provisions that the Commission should or should not include in a rule addressing loan modification and foreclosure rescue services but rather directs the Commission to issue rules that “relate to” unfairness or deception. The proposed disclosure provisions are designed to combat deception while the proposed recordkeeping provisions are needed to ensure effective and efficient enforcement of the proposed Rule and to identify injured consumers. The summary of burden pertains to these proposed information collection requirements.

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Annual Cost to Federal Government: $1,168,000

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)? No

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: 03/09/2010

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