Justification for Non-Substantive Changes

1557-0190.forNonsub.change.doc

(MA)-Real Estate Lending and Appraisals--12 CFR 34

Justification for Non-Substantive Changes

OMB: 1557-0190

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(MA)-Real Lending and Appraisals

12 CFR Part 34, 12 CFR 160, 12 CFR 161, 12 CFR 163, 12 CFR 190, and 12 CFR 226

Non-substantive Change

OMB Control No. 1557-0190


On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 124 Stat. 1376 (2010) (Dodd-Frank Act). As part of the comprehensive package of financial regulatory reform measures enacted, Title III of the Dodd-Frank Act transfers the powers, authorities, rights and duties of the Office of Thrift Supervision to other banking agencies, including the OCC, on the “transfer date.” The transfer date is one year after the date of enactment of the Dodd-Frank Act, July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety days after the transfer date. As a result of the Dodd-Frank Act, OCC is making a non-substantive change to this collection of information to include the thrift institutions it now regulates.


Current Number of Responses: 1,650 Current Burden: 94,096 hours



Requested Number of Responses: 691,781 Requested Burden: 360,585 hours



Difference in the Burden: 266,489 hours as a Program Change


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File Typeapplication/msword
File TitleExamination Questionnaire
AuthorOCC
Last Modified ByIra Mills
File Modified2011-08-30
File Created2011-08-30

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