Frn 76fr18827

FRN 76FR18827.pdf

Qualitative Testing of Integrated Mortgage Loan Disclosure Forms

FRN 76FR18827

OMB: 1505-0233

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srobinson on DSKHWCL6B1PROD with NOTICES

Federal Register / Vol. 76, No. 65 / Tuesday, April 5, 2011 / Notices
members from FMCSA, State
governments, and the motor carrier
industry. The Board also must
recommend initial annual fees to be
assessed against carriers, leasing
companies, brokers, and freight
forwarders under the UCRA, as well as
any annual adjustments to those fees.
Section 14504a(d)(1)(B) provides that
the UCR Plan’s Board of Directors must
consist of directors from the following
groups:
Federal Motor Carrier Safety
Administration: One director must be
selected from each of the FMCSA
service areas (as defined by FMCSA on
January 1, 2005) from among the chief
administrative officers of the State
agencies responsible for administering
the UCRA.
State Agencies: The five directors
selected to represent State agencies
must be from among the professional
staffs of State agencies responsible for
overseeing the administration of the
UCR Agreement.
Motor Carrier Industry: Five directors
must be from the motor carrier industry.
At least one of the five motor carrier
industry directors must be from ‘‘a
national trade association representing
the general motor carrier of property
industry’’ and one of them must be from
‘‘a motor carrier that falls within the
smallest fleet fee bracket.’’
U.S. Department of Transportation
(the Department): One individual, either
the FMCSA Deputy Administrator or
such other Presidential appointee from
the Department appointed by the
Secretary, represents the Department.
The establishment of the Board was
announced in the Federal Register on
May 12, 2006 (71 FR 27777). In that
notice, the Agency recognized the
American Trucking Associations, Inc.
(ATA) as the national trade association
representing the general motor carrier of
property industry. ATA is a national
affiliation of State trucking
organizations representing the national,
State and local interests of the 50
affiliated State trucking associations;
and the interests of specialized areas of
the trucking industry through
conferences and councils. The Agency
selected the Owner-Operator
Independent Drivers Association
(OOIDA) as the organization from which
to appoint an individual to represent
motor carriers comprising the smallest
fleet fee bracket. OOIDA is a national
trade association representing the
interests of small trucking companies
and drivers.
Each of the four current directors from
the chief administrative officers of the
State agencies responsible for
overseeing the administration of the

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UCR Agreement are serving terms that
expire on May 31, 2011. These directors
may continue to serve until their
replacements are appointed; each of
them may be reappointed (49 U.S.C.
14504a(d)(1)(D)(iii) and (iv)). Today’s
publication serves as a notice requesting
nominations for and public comment on
possible appointment of the four
members of the UCR Plan’s Board of
Directors to be appointed from the chief
administrative officers of the
responsible State agencies in accordance
with 49 U.S.C. 14504a(d).
Board Member Nominations
FMCSA seeks either nominations of,
or expressions of interest from,
individuals to serve as members of the
board of directors for the UCR Plan from
the responsible State agencies.
Nominations or expressions of interest
should indicate that the person
nominated or recommended meets the
statutory requirements specified in 49
U.S.C. 14504a(d)(1)(B)(i). Nominations
or expressions of interest must be
transmitted by means of the procedures
for comments specified earlier in this
notice. FMCSA and the Department will
make the appointments for the four
members from the responsible State
agencies for three-year terms, expiring
on May 31, 2014.
Issued on: March 25, 2011.
Kelly Leone,
Associate Administrator, Research and
Information Technology.
[FR Doc. 2011–7957 Filed 4–4–11; 8:45 am]
BILLING CODE 4910–EX–P

18827

trackage rights to expire at midnight on
December 10, 2011, in accordance with
the agreement of the parties, subject to
the employee protective conditions set
forth in Oregon Short Line Railroad—
Abandonment Portion Goshen Branch
Between Firth & Ammon, in Bingham &
Bonneville Counties, Idaho, 360 I.C.C.
91 (1979).
DATES: This exemption will be effective
on May 5, 2011. Petitions to stay must
be filed by April 15, 2011. Petitions for
reconsideration must be filed by April
25, 2011.
ADDRESSES: An original and 10 copies of
all pleadings, referring to Docket No. FD
35466 (Sub-No. 1), must be filed with
the Surface Transportation Board, 395 E
Street, SW., Washington, DC 20423–
0001. In addition, a copy of each
pleading must be served on BNSF’s
representative: Karl Morell, Of Counsel,
Ball Janik LLP, Suite 225, 1455 F Street,
NW., Washington, DC 20005.
FOR FURTHER INFORMATION CONTACT:
Joseph H. Dettmar, (202) 245–0395.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.]
SUPPLEMENTARY INFORMATION:
Additional information is contained in
the Board’s decision. Board decisions
and notices are available on our Web
site at http://www.stb.dot.gov.
Decided: March 30, 2011.
By the Board, Chairman Elliott and
Commissioner Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2011–7998 Filed 4–4–11; 8:45 am]

DEPARTMENT OF TRANSPORTATION

BILLING CODE 4915–01–P

Surface Transportation Board
[Docket No. FD 35466 (Sub-No. 1)]

DEPARTMENT OF THE TREASURY

BNSF Railway Company—Temporary
Trackage Rights Exemption—Union
Pacific Railroad Company

Submission for OMB Review;
Comment Request

Surface Transportation Board.
ACTION: Partial revocation of exemption.
AGENCY:

Under 49 U.S.C. 10502, the
Board revokes the class exemption as it
pertains to the trackage rights described
in Docket No. FD 35466 1 to permit the

SUMMARY:

1 On February 8, 2011, the BNSF Railway
Company (BNSF) filed a verified notice of
exemption under the Board’s class exemption
procedures at 49 CFR 1180.2(d)(7). The notice
covered the agreement by Union Pacific Railroad
Company (UP) to grant local trackage rights to
BNSF over UP’s lines extending between: (1) UP
milepost 93.2 at Stockton, Cal., on UP’s Oakland
Subdivision, and UP milepost 219.4 at Elsey, Cal.,
on UP’s Canyon Subdivision, a distance of
approximately 126.2 miles; and (2) UP milepost
219.4 at Elsey, Cal., and UP milepost 280.7 at

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The Department of Treasury, on
behalf of itself and the Consumer
Financial Protection Bureau (CFPB),
will submit the following public
information collection requirement to
OMB for review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13 on or after the date
of publication of this notice. A copy of
the submission may be obtained by
Keddie, Cal., on UP’s Canyon Subdivision, a
distance of 61.3 miles. BNSF states that the trackage
rights are only temporary rights, but, because they
are ‘‘local’’ rather than ‘‘overhead’’ rights, they do not
qualify for the Board’s class exemption for
temporary trackage rights at 49 CFR 1180.2(d)(8).
See BNSF Ry.—Temporary Trackage Rights
Exemption—Union Pac. R.R., FD 35466 (STB served
Feb. 24, 2011).

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srobinson on DSKHWCL6B1PROD with NOTICES

18828

Federal Register / Vol. 76, No. 65 / Tuesday, April 5, 2011 / Notices

calling the agency contact listed below.
Comments regarding this information
collection should be addressed to the
OMB reviewer listed and to the
Treasury Department Clearance Officer,
Department of the Treasury, 1750
Pennsylvania Avenue, NW., Suite
11010, Washington, DC 20220.
Dates: Written comments should be
received on or before May 5, 2011 to be
assured of consideration.
OMB Number: 1505–XXXX.
Type of Review: Emergency Clearance
Request.
Title: Qualitative Testing of Integrated
Mortgage Loan Disclosure Forms.
Description: The Dodd-Frank Wall
Street Reform and Consumer Protection
Act, Public Law 111–203, Title X,
requires CFPB to develop model forms
that will integrate separate disclosures
concerning residential mortgage loans
that are required under the Truth in
Lending Act and Real Estate Settlement
Procedures Act. The CFPB
implementation team will collect data,
including through interviews and the
internet, to inform its design and
development of the mandated integrated
disclosure and its implementation. The
information collected through the oneon-one cognitive interviews and the
internet will inform the disclosure
form’s design and content, using an
iterative process to improve the draft
form to make it easier for consumers to
use the document to identify the terms
of the loan being offered to them and
use that information to compare among
different loan products.
The data collection will include:
• Consent forms that will be used to
obtain the consent of participants in the
cognitive interviewing;
• Participant Questionnaires to obtain
demographic information about the
participants;
• Interview protocols for both
consumers and lenders/brokers; and
• Tools that seek input from a larger
community through the internet.
The core objective of the data
collection is to help refine specific
features of the content or design of the
form to maximize communication
effectiveness while minimizing
compliance burden, specifically by:
• Evaluating one or more draft
disclosure forms through iterative
qualitative testing with consumers and
lenders/brokers, including observation
of consumers’ usage of the disclosure,
their understanding of the contents, and
the choices they make.
• Collecting supplementary feedback
through the internet from consumers,
industry, housing counselors, and other
interested parties regarding the draft
disclosure(s).

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The qualitative testing is focused on
the purposes of the integrated disclosure
to:
• Improve consumer understanding
by better disclosing risks and costs so
consumers can choose the home loans
that best meet their needs;
• Enable ‘‘shopping’’ in terms of
comparing loan products and loan
offers; and
• Facilitate compliance and ease
implementation for industry.
The CFPB implementation team plans
to test at six sites in five rounds to allow
for changes to the disclosure between
rounds. Because consumers are not the
only ones who will interact with the
loan disclosure, the testing plan
includes one-on-one cognitive testing
with brokers and lenders to evaluate the
usefulness of the form, any potential
areas of confusion, and potential
implementation and usability
challenges.
Respondents: Individuals, businesses
or other for-profit institutions.
Estimated Total Reporting Burden:
Screening Process:
Total number of potential participants
to be screened: 156 individuals.
Estimated time to complete screening:
10 minutes.
Estimated participant screening
burden: 26 hours (156 × 10/60).
Estimated number of participants: 54
individuals.
Time to conduct study: 90 minutes.
Estimated travel time to and from site:
30 minutes.
Estimated participant burden: 108
hours (54 × 120/60).
Estimated number of floaters: 24.
Time to conduct study: 180 minutes.
Estimated travel time to and from site:
30 minutes.
Estimated floater burden: 84 hours (24
× 210/60).
Total estimated participation burden:
192 hours.
Total Burden English interviews
(screening and study participation) =
218 hours (26 + 192)
Spanish cognitive interviews:
Total number of potential participants
screened: 74 individuals.
Estimated time to complete screening:
10 minutes.
Estimated participant screening
burden: 12 hours (74 × 10/60).
Estimated number of participants: 25
individuals.
Time to conduct study: 90 minutes.
Estimated travel time to and from site:
30 minutes.
Estimated participant burden: 50
hours (25 × 120/60).
Estimated number of floaters: 10.
Time to conduct study: 180 minutes.
Estimated travel time to and from site:
30 minutes.

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Estimated floater burden: 35 hours (10
× 210/60).
Total estimated participation burden:
85 hours.
Total Burden Spanish interviews
(screening and study participation) = 97
hours (12 + 85)
Social Media Outreach
Estimated number of participants at
each opportunity to provide input =
5000.
Time to provide input = 5 minutes.
Estimated participation burden: 417
hours (5 × 5,000/60).
Opportunities for structured input =
3.
Total estimated participation burden
= 1,251 hours (417 × 3).
Estimated Maximum Burden: 1,566
hours (218 + 97 + 1,251)
Comments are invited on: (a) Whether
the collection of information shall have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be collected; (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques on
other forms of information technology;
and (e) estimates of capital or start-up
costs and cost of operation,
maintenance, and purchase of services
to provide information. All comments
will be a matter of public record.
Agency Contact: Pamela Blumenthal,
CFPB implementation team, 1801 L
Street, NW., Washington, DC 20036;
(202) 435–7167.
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011–8057 Filed 4–4–11; 8:45 am]
BILLING CODE 4810–25–P

DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
March 31, 2011.

The Department of the Treasury will
submit the following public information
collection requirement to OMB for
review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13 on or after the date
of publication of this notice. A copy of
the submission may be obtained by
contacting the Treasury Departmental
Office Clearance Officer listed.
Comments regarding these information

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File Typeapplication/pdf
File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2011-04-04
File Created2011-04-04

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