60-day Federal Register Notice

FR1-0188 Appraisals for Higher Priced Mortgage Loans 84 FR 33943 16 JUL 2019.pdf

Appraisals for Higher-Priced Mortgage Loans

60-day Federal Register Notice

OMB: 3064-0188

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33943

Federal Register / Vol. 84, No. 136 / Tuesday, July 16, 2019 / Notices
to obtain the information and the
protections that the FCC has in place to
protect the PII.
Needs and Uses: Licensees of
noncommercial educational AM, FM,
and television broadcast stations must
file FCC Form 323–E every two years.
Biennial Ownership Reports shall
provide information accurate as of
October 1 of the year in which the
Report is filed. Form 323–E shall be
filed by December 1 in all oddnumbered years.
In addition, Licensees and Permittees
of noncommercial educational AM, FM,
and television broadcast stations must
file Form 323–E following the
consummation of a transfer of control or
an assignment of a noncommercial
educational AM, FM, or television
broadcast station license or construction
permit; a Permittee of a new
noncommercial educational AM, FM, or
television broadcast station must file
Form 323–E within 30 days after the
grant of the construction permit; and a
Permittee of a new noncommercial
educational AM, FM, or television
broadcast station must file Form 323–E
to update the initial report or to certify
the continuing accuracy and
completeness of the previously filed
report on the date that the Permittee
applies for a license to cover the
construction permit.
In the case of organizational
structures that include holding
companies or other forms of indirect
ownership, a separate Form 323–E must

be filed for each entity in the
organizational structure that has an
attributable interest in the Licensee or
Permittee.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2019–15109 Filed 7–15–19; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0188]

Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(3064–0188).
DATES: Comments must be submitted on
or before September 16, 2019.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
SUMMARY:

• https://www.FDIC.gov/regulations/
laws/federal.
• Email: [email protected]. Include
the name and number of the collection
in the subject line of the message.
• Mail: Jennifer Jones (202–898–
6768), Counsel, MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Jennifer Jones, Counsel, 202–898–6768,
[email protected], MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
1. Title: Appraisal for Higher-Priced
Mortgage Loans.
OMB Number: 3064–0188.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN AND INTERNAL COST
Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response
(hours)

Type of burden

Obligation to respond

Review and Provide Copy of Full Interior Appraisal.
Investigate and Verify Requirement for Second Appraisal.
Conduct and Provide Second Appraisal ..........

Third Party Disclosure.
Recordkeeping

Mandatory .......

1,300

13

0.13662

On Occasion ...

2,309

Mandatory .......

1,300

8

0.13662

On Occasion ...

1,421

Third Party Disclosure.

Mandatory .......

1,300

1

0.13662

On Occasion ...

178

Total Hourly Burden ..................................

.........................

.........................

........................

........................

....................

.........................

3,908

General Description of Collection:
Section 1471 of the Dodd-Frank Act
established a new Truth in Lending
section 129H, which contains appraisal
requirements applicable to higher-risk
mortgages and prohibits a creditor from
extending credit in the form of a higherrisk mortgage loan to any consumer
without meeting those requirements. A
higher-risk mortgage is defined as a
residential mortgage loan secured by a
principal dwelling with an annual
percentage rate that exceeds the average
prime offer rate for a comparable

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transaction as of the date the interest
rate is set by certain enumerated
percentage point spreads.
To implement this statutory
requirement, a final rule was
promulgated to amend 12 CFR part
1026, Regulation Z by the Bureau of
Consumer Financial Protection, the
Board of Governors of the Federal
Reserve, the FDIC, the Federal Housing
Finance Authority, the National Credit
Union Association, and the Office of the
Comptroller of the Currency.

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Frequency of
response

Total
annual
estimated
burden
(hours)

Information collection (IC) description

In particular, the rule requires that,
within three days of application, a
creditor provide a disclosure that
informs consumers regarding the
purpose of the appraisal, that the
creditor will provide the consumer a
copy of any appraisal, and that the
consumer may choose to have a separate
appraisal conducted at the expense of
the consumer. If a loan meets the
definition of a higher-risk mortgage
loan, then the creditor would be
required to obtain a written appraisal
prepared by a certified or licensed

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33944

Federal Register / Vol. 84, No. 136 / Tuesday, July 16, 2019 / Notices

appraiser who conducts a physical visit
of the interior of the property that will
secure the transaction, and send a copy
of the written appraisal to the consumer.
To qualify for the safe harbor provided
under the rule, a creditor is required to
review the written appraisal as specified
in the text of the rule and appendix A.
If a loan is classified as a higher-risk
mortgage loan that will finance the
acquisition of the property to be
mortgaged, and the property was
acquired within the previous 180 days
by the seller at a price that was lower
than the current sale price, then the
creditor is required to obtain an
additional appraisal. A creditor is
required to provide the consumer a copy
of the appraisal reports performed in
connection with the loan, without
charge, at least days prior to
consummation of the loan.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Dated at Washington, DC, on July 11, 2019.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–15035 Filed 7–15–19; 8:45 am]
BILLING CODE 6714–01–P

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FEDERAL MINE SAFETY AND HEALTH
REVIEW COMMISSION
Sunshine Act Notice
July 12, 2019.

10:00 a.m., Thursday,
August 15, 2019.
PLACE: The Richard V. Backley Hearing
Room, Room 511N, 1331 Pennsylvania
TIME AND DATE:

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17:33 Jul 15, 2019

Jkt 247001

Avenue NW, Washington, DC 20004
(enter from F Street entrance).
STATUS: Open.
MATTERS TO BE CONSIDERED: The
Commission will hear oral argument in
the matter The Doe Run Company,
Docket No. CENT 2015–318–RM. (Issues
include whether the Judge erred in
concluding that the operator had
violated standards based on strict
liability and in failing to conduct
separate S&S and negligence analyses.)
Any person attending this oral
argument who requires special
accessibility features and/or auxiliary
aids, such as sign language interpreters,
must inform the Commission in advance
of those needs. Subject to 29 CFR
2706.150(a)(3) and 2706.160(d).
CONTACT PERSON FOR MORE INFO:
Emogene Johnson (202) 434–9935/(202)
708–9300 for TDD Relay/1–800–877–
8339 for toll free.
PHONE NUMBER FOR LISTENING TO
MEETING: 1 (866) 867–4769, Passcode:

678–100.
Sarah L. Stewart,
Deputy General Counsel.
BILLING CODE 6735–01–P

FEDERAL MINE SAFETY AND HEALTH
REVIEW COMMISSION
Sunshine Act Notice
July 12, 2019.

10:00 a.m., Friday,
August 16, 2019.
PLACE: The Richard V. Backley Hearing
Room, Room 511N, 1331 Pennsylvania
Avenue NW, Washington, DC 20004
(enter from F Street entrance).
STATUS: Open.
MATTERS TO BE CONSIDERED: The
Commission will consider and act upon
the following in open session: The Doe
Run Company, Docket No. CENT 2015–
318–RM. (Issues include whether the
Judge erred in concluding that the
operator had violated standards based
on strict liability and in failing to
conduct separate S&S and negligence
analyses.)
Any person attending this meeting
who requires special accessibility
features and/or auxiliary aids, such as
sign language interpreters, must inform
the Commission in advance of those
needs. Subject to 29 CFR 2706.150(a)(3)
and 2706.160(d).
CONTACT PERSON FOR MORE INFO:
Emogene Johnson (202) 434–9935/(202)
708–9300 for TDD Relay/1–800–877–
8339 for toll free.

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678–100.
Sarah L. Stewart,
Deputy General Counsel.
[FR Doc. 2019–15227 Filed 7–12–19; 4:15 pm]
BILLING CODE 6735–01–P

DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[CMS–3381–PN]

Medicare Program; Application From
The Joint Commission (TJC) for Initial
CMS-Approval of Its Home Infusion
Therapy (HIT) Accreditation Program
Centers for Medicare and
Medicaid Services, HHS.
ACTION: Proposed notice with request for
comment.
AGENCY:

This proposed notice
acknowledges the receipt of an
application from The Joint Commission
(TJC) for initial recognition as a national
accrediting organization providing
home infusion therapy (HIT) services
that wish to participate in the Medicare
program. The statute requires that
within 60 days of receipt of an
organization’s complete application, the
Centers for Medicare & Medicaid
Services (CMS) publish a notice that
identifies the national accrediting body
making the request, describes the nature
of the request, and provides at least a
30-day public comment period.
DATES: To be assured consideration,
comments must be received at one of
the addresses provided below, no later
than 5 p.m. on August 15, 2019.
ADDRESSES: In commenting, please refer
to file code CMS–3381–PN. Because of
staff and resource limitations, we cannot
accept comments by facsimile (FAX)
transmission.
Comments, including mass comment
submissions, must be submitted in one
of the following three ways (please
choose only one of the ways listed):
1. Electronically. You may submit
electronic comments on this regulation
to http://www.regulations.gov. Follow
the ‘‘Submit a comment’’ instructions.
2. By regular mail. You may mail
written comments to the following
address ONLY: Centers for Medicare &
Medicaid Services, Department of
Health and Human Services, Attention:
CMS–3381–PN, P.O. Box 8016,
Baltimore, MD 21244–8010.
SUMMARY:

[FR Doc. 2019–15231 Filed 7–12–19; 4:15 pm]

TIME AND DATE:

PHONE NUMBER FOR LISTENING TO
MEETING: 1 (866) 867–4769, Passcode:

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