Mortgage Assistance Relief Services Rule

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Justification Statement for Previously Cleared FTC Estimated Burden_mtd.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2011-12-07	Available

IC Document Collections

Information collection document groups

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

ICR Details

OMB Control No: 3084-0157	ICR Reference No: 201112-3084-003
Status: Historical Active	Previous ICR Reference No: 201010-3084-002
Agency/Subagency: FTC	Agency Tracking No:
Title: Mortgage Assistance Relief Services Rule
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/03/2012
	Date Received in OIRA: 12/07/2011
Terms of Clearance: Federal Trade Commission ("FTC") is reducing burden estimates/changes based on the shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act. CFPB has incorporated into its recently submitted burden estimates.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2014	01/31/2014	01/31/2014
Responses	1,000	0	2,000
Time Burden (Hours)	32,500	0	65,000
Cost Burden (Dollars)	250,000	0	500,000

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Abstract: Because the Federal Trade Commission ("FTC") has shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act, the CFPB has incorporated into its recently submitted burden estimates for this rule half of the FTC's pre-existing cleared burden estimates. OMB granted emergency clearance to the CFPB. Accordingly, the FTC is submitting this ICR to reduce its own current burden totals by one-half.

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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(a) Name of Law: 2009 Omnibus Appropriations Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1029 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AB18	Not associated with rulemaking	75 FR 75092	12/01/2010

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

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

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ICR Summary of Burden

table that charts list 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	1,000	2,000	-1,000	0	0	0
Annual Time Burden (Hours)	32,500	65,000	-32,500	0	0	0
Annual Cost Burden (Dollars)	250,000	500,000	-250,000	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: In recognition of the Dodd-Frank Act amendments, this requested adjustment would reduce by half the FTC's previously cleared burden hours estimate to correlate with the FTC's shared, overlapping enforcement jurisdiction with the CFPB for this rule.

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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]? No

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

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: 12/07/2011

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