Real Estate Lending and Appraisals

Forms and Documents

Document Name	Status
1557-0190 6-29-16 3pm.doc Supporting Statement A	2016-08-25

IC Document Collections

IC ID	Document Title	Status
207701	Issuance of Default Notice	Modified
207700	Prior Notice of Advances under Development or Improvement Plan	Modified
207699	Evaluation Policy	Modified
207698	Resolution - Use of Property	Modified
207697	Written Policies	Modified
207696	Written Appraisals	Modified
207695	Request to Use an Alternative Index	Modified
20065	ARM Loan Documentation	Modified

ICR Details

OMB Control No: 1557-0190	ICR Reference No: 201606-1557-006
Status: Historical Active	Previous ICR Reference No: 201305-1557-004
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Real Estate Lending and Appraisals
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/17/2017
	Date Received in OIRA: 09/13/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2020	36 Months From Approved	04/30/2017
Responses	3,302	0	4,136
Time Burden (Hours)	94,512	0	120,475
Cost Burden (Dollars)	0	0	0

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Abstract: The information collections are required by statute to regulate real estate lending and holding by national banks and savings associations (institutions). These regulations are required by statute and are used by the OCC to ensure the safe and sound operation of institutions and institution compliance.

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Authorizing Statute(s): US Code: 12 USC 3331 et seq. Name of Law: Financial Institutions Reform, Recovery and Enforcement Act of 1989
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 41373	06/24/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 62973	09/13/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 8

IC Title	Form No.	Form Name
Request to Use an Alternative Index
Written Appraisals
Written Policies
Resolution - Use of Property
Evaluation Policy
Prior Notice of Advances under Development or Improvement Plan
Issuance of Default Notice
ARM Loan Documentation

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ICR Summary 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	3,302	4,136	0	0	-834	0
Annual Time Burden (Hours)	94,512	120,475	0	0	-25,963	0
Annual Cost Burden (Dollars)	0	0	0	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: The decrease in burden is due to the decrease in the number of regulated entities.

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Annual Cost to Federal Government: $0

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]? No

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: 09/13/2016

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