Credit Risk Retention - Regulation RR

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0712 60 Day Notice.pdf	Supplementary Document	Uploaded 2021-05-21	Repair queued
3235-0712 30 Day Notice.pdf	Supplementary Document	Uploaded 2021-05-21	Missing upstream
CreditRiskRetention.SS.2021.pdf	Supporting Statement A	Uploaded 2021-05-20	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
213719	?_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping		Unchanged
209044	?_D.18 - Underwriting Standards for Qualifying Autombile Loans: Disclosures		Unchanged
209039	?_D.17 - Underwriting Standards for Qualifying CRE Loans: Recordkeeping		Unchanged
209037	?_D.17 - Underwriting Standards for Qualifying CRE Loans: Disclosures		Unchanged
209035	?_D.16 - Underwriting Standards for Qualifying Commercial Loans: Recordkeeping		Unchanged
209034	?_D.16 - Underwriting Standards for Qualifying Commercial Loans: Disclosures		Unchanged
209033	?_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Recordkeeping		Unchanged
209032	?_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Disclosures		Unchanged
209031	?§_D.13 and_.19(g) - Exemption for Qualified Residential Mortgages and Qualifying 3-to-4 Unit Residential Mortgage Loans: Recordkeeping		Unchanged
209030	?§_D.13 and_.19(g) - Exemption for Qualified Residential Mortgages and Qualifying 3-to-4 Unit Residential Mortgage Loans: Disclosures		Unchanged
209029	?_C.11 - Allocation of Risk Retention to an Originator: Recordkeeping		Unchanged
209028	?_C.11 - Allocation of Risk Retention to an Originator: Disclosures		Unchanged
209027	?_B.10 - Qualified Tender Option Bonds: Disclosures		Unchanged
209026	?_B.9 - Open-Market CLOs: Disclosures		Unchanged
209010	?_B.8 - FNMA and FHLMC ABS: Disclosures		Unchanged
209009	?_B.7 - Commercial Mortgage-Backed Securities: Recordkeeping		Unchanged
209008	?_B.7 - Commercial Mortgage-Backed Securities: Disclosures		Unchanged
209007	?_B.6 - Eligible ABCP Conduits: Recordkeeping		Unchanged
209005	?_B.6 - Eligible ABCP Conduits: Disclosures		Unchanged
209004	?_B.5 - Revolving Master Trusts: Recordkeeping		Unchanged
209003	?_B.5 - Revolving Master Trusts: Disclosures		Unchanged
208995	?_B.4 - Combined Horizontal and Vertical Interests: Recordkeeping		Unchanged
208994	?_B.4 - Combined Horizontal and Vertical Interests: Disclosures		Unchanged
208993	?_B.4 - Standard Risk Retention - Vertical Interest: Recordkeeping		Unchanged
208992	?_B.4 - Standard Risk Retention - Vertical Interest: Disclosures		Unchanged
208990	?_B.4 - Standard Risk Retention - Horizontal Interest: Recordkeeping		Unchanged
208989	?_B.4 - Standard Risk Retention - Horizontal Interest: Disclosures		Modified

ICR Details

OMB Control No: 3235-0712	ICR Reference No: 202105-3235-019
Status: Historical Active	Previous ICR Reference No: 201803-3235-014
Agency/Subagency: SEC	Agency Tracking No: CF 270-613
Title: Credit Risk Retention - Regulation RR
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: 07/29/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/21/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2024	36 Months From Approved	07/31/2021
Responses	1,647	0	1,647
Time Burden (Hours)	17,774	0	17,774
Cost Burden (Dollars)	2,336,400	0	2,336,400

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Abstract: The credit risk retention recordkeeping and disclosure requirements are contained in Regulation RR, which would implement Section 15G of the Securities Exchange Act of 1934.

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Authorizing Statute(s): US Code: 15 USC 78c, 78m, 78o, 78o-11, 78w, Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78mm Name of Law: Securities Exchange Act of 1934
  

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:
	86 FR 9415	02/12/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 20776	04/21/2021
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
§_B.10 - Qualified Tender Option Bonds: Disclosures
§_B.4 - Combined Horizontal and Vertical Interests: Disclosures
§_B.4 - Combined Horizontal and Vertical Interests: Recordkeeping
§_B.4 - Standard Risk Retention - Horizontal Interest: Disclosures
§_B.4 - Standard Risk Retention - Horizontal Interest: Recordkeeping
§_B.4 - Standard Risk Retention - Vertical Interest: Disclosures
§_B.4 - Standard Risk Retention - Vertical Interest: Recordkeeping
§_B.5 - Revolving Master Trusts: Disclosures
§_B.5 - Revolving Master Trusts: Recordkeeping
§_B.6 - Eligible ABCP Conduits: Disclosures
§_B.6 - Eligible ABCP Conduits: Recordkeeping
§_B.7 - Commercial Mortgage-Backed Securities: Disclosures
§_B.7 - Commercial Mortgage-Backed Securities: Recordkeeping
§_B.8 - FNMA and FHLMC ABS: Disclosures
§_B.9 - Open-Market CLOs: Disclosures
§_C.11 - Allocation of Risk Retention to an Originator: Disclosures
§_C.11 - Allocation of Risk Retention to an Originator: Recordkeeping
§_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Disclosures
§_D.15 - Exemptions for Qualifying Commercial Loans, Commercial Real Estate Loans, and Automobile Loans: Recordkeeping
§_D.16 - Underwriting Standards for Qualifying Commercial Loans: Disclosures
§_D.16 - Underwriting Standards for Qualifying Commercial Loans: Recordkeeping
§_D.17 - Underwriting Standards for Qualifying CRE Loans: Disclosures
§_D.17 - Underwriting Standards for Qualifying CRE Loans: Recordkeeping
§_D.18 - Underwriting Standards for Qualifying Autombile Loans: Disclosures
§_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping
§§_D.13 and_.19(g) - Exemption for Qualified Residential Mortgages and Qualifying 3-to-4 Unit Residential Mortgage Loans: Disclosures
§§_D.13 and_.19(g) - Exemption for Qualified Residential Mortgages and Qualifying 3-to-4 Unit Residential Mortgage Loans: Recordkeeping

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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	1,647	1,647	0	0	0	0
Annual Time Burden (Hours)	17,774	17,774	0	0	0	0
Annual Cost Burden (Dollars)	2,336,400	2,336,400	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: $103,479,690

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? No

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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: 05/21/2021

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