Home Mortgage Disclosure Act (HMDA) Loan/Application Register

Forms and Documents

Document Name	Status
Supporting Statement for OMB Collection 2502-0539 (Clean) 4-17-19.docx Supporting Statement A	2019-04-17
Published 30-Day FRN for OMB Collection 2502-0539, 4-8-2019.pdf Supplementary Document	2019-04-17
Signed - Approved PTA Form for OMB Collection 2502-0539.pdf Supplementary Document	2019-03-07
Published 60 Day FRN for OMB Collection 2502-0539, 8-3-2018.pdf Supplementary Document	2019-03-07
12 CFR Part 203 (Regulation C).pdf Supplementary Document	2019-03-07

IC Document Collections

IC ID	Document Title	Status
44106	Home Mortgage Disclosure Act (HMDA) Loan/Application Register Other-screenshot	Modified

ICR Details

OMB Control No: 2502-0539	ICR Reference No: 201903-2502-001
Status: Active	Previous ICR Reference No: 201411-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Home Mortgage Disclosure Act (HMDA) Loan/Application Register
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/01/2019
	Date Received in OIRA: 05/14/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2022	36 Months From Approved
Responses	2,997	0	0
Time Burden (Hours)	1,730,139	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This report collects information from mortgage lenders on application for, and originations and purchases of, mortgage and home improvement loans. Non-depository mortgage lending institutions are required to use the report as a running log throughout the calendar year, and send the report to HUD by March 1 of the following calendar year.

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Authorizing Statute(s): US Code: 12 USC 2803 Name of Law: Banks and Banking, Home Mortgage Disclosure
  

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:
	83 FR 38161	08/03/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 13948	04/08/2019
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Home Mortgage Disclosure Act (HMDA) Loan/Application Register	FR-HMDA-LAR	FR HMDA-LAR

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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	2,997	0	0	1,897	0	1,100
Annual Time Burden (Hours)	1,730,139	0	0	1,598,139	0	132,000
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 costs and burden hours of each of these tasks varied by the complexity of the financial institution, as captured by three representative institutions: a high-complexity institution, a moderately complexity institution, and a low-complexity institution. HUD has also aggregated, for the purposes of these estimates, the reporting, recordkeeping, and disclosure requirements for this rule into a single annual response for annual reporters, and 4 responses per year for quarterly reporters. The changes in burden from the existing rule to the new rule are a result of changing regulations and Statutes. The additional cost burden comes from the necessity to purchase new software or update the software already used by covered institutions to comply with HMDA reporting requirements that the new requirements will cause.

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Annual Cost to Federal Government: $720,000

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: 05/14/2019

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