Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks

ICR 202102-7100-005

OMB: 7100-0261

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-02-22
ICR Details
7100-0261 202102-7100-005
Active 202012-7100-004
FRS FR H-5
Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks
Extension without change of a currently approved collection   No
Delegated
Approved without change 02/22/2021
Retrieve Notice of Action (NOA) 02/22/2021
  Inventory as of this Action Requested Previously Approved
02/29/2024 36 Months From Approved 02/28/2021
3,771 0 3,771
18,870 0 18,870
0 0 0

This information collection includes a recordkeeping requirement contained in the Board’s Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208) that implements section 304 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). Pursuant to Regulation H, state member banks (SMBs) must adopt and maintain a written real estate lending policy. Additionally, this information collection includes certain voluntary recordkeeping provisions in the Interagency Guidelines for Real Estate Lending Policies (Guidelines).

US Code: 12 USC 1828(o) Name of Law: Federal Deposit Insurance Corporation Improvement Act of 1991
  
None

Not associated with rulemaking

  85 FR 51716 08/21/2020
85 FR 80788 12/14/2020
No

  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 3,771 3,771 0 0 0 0
Annual Time Burden (Hours) 18,870 18,870 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Lois Lawrence 202-452-2984 [email protected]

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
02/22/2021


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