Minimum Standards for State Registration of Appraisal Management Companies

ICR 201412-1557-001

OMB: 1557-0324

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-07-28
ICR Details
1557-0324 201412-1557-001
Historical Active 201402-1557-001
TREAS/OCC
Minimum Standards for State Registration of Appraisal Management Companies
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 08/10/2015
Retrieve Notice of Action (NOA) 06/09/2015
  Inventory as of this Action Requested Previously Approved
08/31/2018 36 Months From Approved
6,317 0 0
1,545 0 0
0 0 0

The OCC, Board, FDIC, NCUA, Bureau, and FHFA (Agencies) have issued a final rule to implement the minimum requirements in section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to be applied by States in the registration and supervision of appraisal management companies (AMCs). The final rule also implements the requirement in section 1473 of the Dodd-Frank Act for States to report to the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) the information required by the Appraisal Subcommittee (ASC) to administer the new national registry of appraisal management companies (AMC National Registry or Registry). The OCC submitted this collection at the proposed rule stage. OMB filed a comment instructing the OCC to resubmit the collection at the final rule stage.

PL: Pub.L. 111 - 201 1473 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 111 - 203 1473 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

1557-AD64 Final or interim final rulemaking 80 FR 32658 06/09/2015

No

  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 6,317 0 0 6,317 0 0
Annual Time Burden (Hours) 1,545 0 0 1,545 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The increase in burden is due to the fact that this is a new collection.

No
No
No
Yes
No
Uncollected
Mitchell Plave 202 874-5090 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
06/09/2015


© 2024 OMB.report | Privacy Policy