Credit Risk Retention

Forms and Documents

Document Name	Status
FR2-0183 Credit Risk Retention 83 FR 40039 Aughust 13 2018.pdf Supplementary Document	2018-08-13
SPST-0183 Credit Risk Retention 2018 Renewal.docx Supporting Statement A	2018-08-08
FR1-0183 Credit Risk Retention 83 FR 24306 May 25 2018.pdf Supplementary Document	2018-08-08

IC Document Collections

IC ID	Document Title	Status
214782	Standard Risk Retention Vertical Interest (disclosures)	Modified
214781	Standard Risk Retention Horizontal Interest (disclosures)	Modified
214776	Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans (disclosures)	Modified
214775	Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Auto Loans (recordkeeping)	Modified
214774	Revolving Pool Securitizations (disclosures)	Modified
214773	Revolving Pool Securitizations (recordkeeping)	Modified
214772	Qualified Tender Option Bonds (disclosures)	Modified
214771	Open Market CLOs (disclosures)	Modified
214770	FNMA and FHLMC (disclosures)	Modified
214769	Standard Risk Retention Combined Horizontal and Vertical Interests (disclosures)	Modified
214768	Standard Risk Retention Combined Horizontal and Vertical Interests (recordkeeping)	Modified
197434	Underwriting Standards for Qualifying Auto Loans (recordkeeping)	Modified
197433	Underwriting Standards for Qualifying Auto Loans (disclosures)	Modified
197432	Underwriting Standards for Qualifying CRE Loans (recordkeeping)	Modified
197431	Underwriting Standards for Qualifying CRE Loans (disclosures)	Modified
197429	Underwriting Standards for Qualifying Commercial Loans (recordkeeping)	Modified
197428	Underwriting Standards for Qualifying Commercial Loans (disclosures)	Modified
197426	Exemption for Qualified Residential Mortgages (recordkeeping)	Modified
197425	Exemption for Qualified Residential Mortgages (disclosures)	Modified
197424	Allocation of Risk Retention to an Originator (recordkeeping)	Modified
197423	Allocation of Risk Retention to an Originator (disclosures)	Modified
197421	Commercial MBS (recordkeeping)	Modified
197420	Commercial MBS (disclosures)	Modified
197419	Eligible ABCP Conduits (recordkeeping)	Modified
197417	Eligible ABCP Conduits (disclosures)	Modified
197411	Standard Risk Retention Horizontal Interest (recordkeeping)	Modified
197410	Standard Risk Retention Vertical Interest (recordkeeping)	Modified

ICR Details

OMB Control No: 3064-0183	ICR Reference No: 201804-3064-012
Status: Active	Previous ICR Reference No: 201501-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Credit Risk Retention
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: 10/16/2018
	Date Received in OIRA: 08/13/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2021	36 Months From Approved	10/31/2018
Responses	325	0	298
Time Burden (Hours)	3,451	0	3,233
Cost Burden (Dollars)	0	0	0

---

Abstract: The FDIC, jointly with the OCC, FRB, SEC, FHFA, and HUD have proposed rules to implement the credit risk retention requirements of section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Generally, the rules require securitizers of asset-backed securities to retain not less than five percent of the credit risk of the assets collateralizing the asset-backed securities.

---

Authorizing Statute(s): Statute at Large: 124 Stat. 1376 Name of Statute: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: Statute at Large: 124 Stat. 1376 Name of Statute: Dodd-Frank
US Code: 15 USC 780-11 Name of Law: Securities Exchange Act of 1934

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 24306	05/25/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 40039	08/13/2018
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 27

IC Title	Form No.	Form Name
Revolving Pool Securitizations (disclosures)
Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Auto Loans (recordkeeping)
Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans (disclosures)
Revolving Pool Securitizations (recordkeeping)
Standard Risk Retention Horizontal Interest (disclosures)
Standard Risk Retention Vertical Interest (disclosures)
Eligible ABCP Conduits (disclosures)
Allocation of Risk Retention to an Originator (disclosures)
Allocation of Risk Retention to an Originator (recordkeeping)
Exemption for Qualified Residential Mortgages (disclosures)
Underwriting Standards for Qualifying Commercial Loans (recordkeeping)
Exemption for Qualified Residential Mortgages (recordkeeping)
Eligible ABCP Conduits (recordkeeping)
Underwriting Standards for Qualifying Auto Loans (recordkeeping)
Standard Risk Retention Horizontal Interest (recordkeeping)
Standard Risk Retention Vertical Interest (recordkeeping)
Underwriting Standards for Qualifying Auto Loans (disclosures)
Underwriting Standards for Qualifying CRE Loans (recordkeeping)
Standard Risk Retention Combined Horizontal and Vertical Interests (recordkeeping)
Standard Risk Retention Combined Horizontal and Vertical Interests (disclosures)
Underwriting Standards for Qualifying Commercial Loans (disclosures)
Underwriting Standards for Qualifying CRE Loans (disclosures)
Commercial MBS (disclosures)
Commercial MBS (recordkeeping)
FNMA and FHLMC (disclosures)
Open Market CLOs (disclosures)
Qualified Tender Option Bonds (disclosures)

---

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	325	298	0	0	27	0
Annual Time Burden (Hours)	3,451	3,233	0	0	218	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:

---

Annual Cost to Federal Government:

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]? 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

---

Common Form ICR:  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:

(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: 08/13/2018

---