Registration of Mortgage Loan Originators

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SPST-0171 2019 Renewal - Registration of Mortgage Loan Originators (SAFE Act) - 5-1-19.doc	Supporting Statement A	Uploaded 2019-05-01	Available
FR2(2) - 84 FR 8330 (Mar 7 2019).pdf	Supplementary Document	Uploaded 2019-04-26	Available
[3064-0171] 30 Day Notice - 2019.pdf	Supplementary Document	Uploaded 2019-04-26	Available
[3064-0171] 60 Day Notice - 2019.pdf	Supplementary Document	Uploaded 2019-04-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
235847	Mortgage Loan Originator Annual Renewal Registration Reporting and Authorization Requirements		New
189226	Mortgage Loan Originator Procedures for Disclosure to Consumers of Unique Identifier		Modified
189225	Financial Institution Procedures for the Collection of Employee Mortgage Loan Originator's Fingerprints		Modified
189223	Mortgage Loan Originator Registration Updates Upon Change in Circumstances		Modified
189222	Mortgage Loan Originator Initial Registration Reporting and Authorization Requirements		Modified
189221	Financial Institution Information Reporting to Registry		Modified
189220	Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier		Modified
189219	Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports		Modified
189218	Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance		Modified
189217	Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements		Modified

ICR Details

OMB Control No: 3064-0171	ICR Reference No: 201904-3064-010
Status: Active	Previous ICR Reference No: 201511-3064-006
Agency/Subagency: FDIC	Agency Tracking No: 3064-0171
Title: Registration of Mortgage Loan Originators
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: 06/18/2019
	Date Received in OIRA: 05/01/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2022	36 Months From Approved	06/30/2019
Responses	277,191	0	172,314
Time Burden (Hours)	575,653	0	600,337
Cost Burden (Dollars)	0	0	0

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Abstract: Implements the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requirement that employees of Federally-regulated institutions who engage in the business of a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and establishes national licensing and registration requirements. It also directs Federally-regulated institutions to have written policies and procedures in place to ensure that their employees who perform mortgage loan originations coomply with the registration and other SAFE Act requirements.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 Title X, 1011 Name of Law: Dodd=Frank Wall Street Reform and Consumer Protection Act
   PL: Pub.L. 110 - 289 Title V, 1501, 122 Stat. 2656 Name of Law: S.A.F.E. Mortgage Licensing Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 289 Title V, 1501, 122 Stat. 2656 Name of Law: S.A.F.E. Mortgage Licensing Act

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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 55167	11/02/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 8330	03/07/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 10

table that charts list of burden

IC Title	Form No.	Form Name
Financial Institution Information Reporting to Registry
Mortgage Loan Originator Initial Registration Reporting and Authorization Requirements
Financial Institution Procedures for the Collection of Employee Mortgage Loan Originator's Fingerprints
Mortgage Loan Originator Procedures for Disclosure to Consumers of Unique Identifier
Mortgage Loan Originator Annual Renewal Registration Reporting and Authorization Requirements
Financial Institution Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance
Financial Institution Policies and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements
Financial Institution Procedures for Public Disclosure of Mortgage Loan Originator's Unique Identifier
Financial Institution Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports
Mortgage Loan Originator Registration Updates Upon Change in Circumstances

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ICR Summary of Burden

table that charts list 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	277,191	172,314	0	0	104,877	0
Annual Time Burden (Hours)	575,653	600,337	0	0	-24,684	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:

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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]? 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

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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: 05/01/2019

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