Record and Disclosure Requirements – CFPB Regulations B, C, E, M, Z, and DD and FRB Regulation CC

Forms and Documents

Document	Type	Status	Availability
1557-0176 Supporting Statement 11-15-17 406PM.doc	Supporting Statement A	Uploaded 2017-11-27	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
20054	Regulation B - Equal Credit Opportunity		Unchanged
194292	Regulation DD - Truth in Savings		Unchanged
194291	Regulation CC - Availability of Funds and Collection of Checks		Unchanged
194290	Regulation Z - Truth in Lending		Unchanged
194289	Regulation M - Consumer Leasing		Unchanged
194288	Regulation E - Electronic Fund Transfers		Unchanged
194287	Regulation C - Home Mortgage Disclosure		Modified

ICR Details

OMB Control No: 1557-0176	ICR Reference No: 201711-1557-003
Status: Active	Previous ICR Reference No: 201608-1557-017
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Record and Disclosure Requirements – CFPB Regulations B, C, E, M, Z, and DD and FRB Regulation CC
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/03/2018
	Date Received in OIRA: 12/01/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2021	36 Months From Approved	06/30/2020
Responses	9,042	0	9,196
Time Burden (Hours)	4,639,952	0	3,887,872
Cost Burden (Dollars)	0	0	0

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Abstract: The burden contained in this information collection is attributable to the reporting, recordkeeping and disclosure burden found in CFPB Regulations B (Equal Credit Opportunity), C (Home Mortgage Disclosure), E (Electronic Funds Transfer), M (Consumer Leasing), Z (Truth in Lending), and DD (Truth in Savings), and FRB Reg CC (Availability of Funds and Collection of Checks). This ICR revises the Reg C IC to reflect the CFPB's October 28, 2015 final rule that expanded the data collected and reported under HMDA, as implemented by Regulation C and modified the types of lenders and loans covered under Regulation C.

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Authorizing Statute(s): US Code: 15 USC 1601 et seq. Name of Law: Equal Credit Opportunity Act
   US Code: 12 USC 2801 et seq. Name of Law: Home Mortgage Disclosure Act
   US Code: 15 USC 1693 et seq. Name of Law: Electronic Fund Transfer Act
   US Code: 12 USC 5001-5018 Name of Law: Check Clearing for the 21st Century Act
   US Code: 12 USC 4001-4010 Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 4301 et seq. Name of Law: Truth in Savings Act
   US Code: 15 USC 1601 et seq. Name of Law: Truth in Lending Act
  

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:
	82 FR 44873	09/26/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 57025	12/01/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 7

IC Title	Form No.	Form Name
Regulation C - Home Mortgage Disclosure
Regulation E - Electronic Fund Transfers
Regulation Z - Truth in Lending
Regulation CC - Availability of Funds and Collection of Checks
Regulation DD - Truth in Savings
Regulation B - Equal Credit Opportunity
Regulation M - Consumer Leasing

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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	9,042	9,196	0	-154	0	0
Annual Time Burden (Hours)	4,639,952	3,887,872	0	752,080	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The increase in burden is due to changes to Regulation C.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 12/01/2017

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