Minimum Standards for State Registration of Appraisal Management Companies

ICR 202108-1557-003

OMB: 1557-0324

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-09-29
IC Document Collections
IC ID
Document
Title
Status
210251
Removed
210250
Modified
210249
Modified
210248
Modified
ICR Details
1557-0324 202108-1557-003
Received in OIRA 201803-1557-005
TREAS/OCC
Minimum Standards for State Registration of Appraisal Management Companies
Extension without change of a currently approved collection   No
Regular 10/04/2021
  Requested Previously Approved
36 Months From Approved 10/31/2021
3,556 8,460
2,455 421
0 0

The OCC, Board, FDIC, NCUA, Bureau, and FHFA (Agencies) have rules that implement the minimum requirements in section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to be applied by States in the registration and supervision of appraisal management companies (AMCs) and the requirement in section 1473 of the Dodd-Frank Act for States to report to the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) the information required by the Appraisal Subcommittee (ASC) to administer the new national registry of appraisal management companies (AMC National Registry or Registry).

PL: Pub.L. 111 - 201 1473 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 111 - 203 1473 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

Not associated with rulemaking

  86 FR 40898 07/29/2021
86 FR 54789 10/04/2021
No

3
IC Title Form No. Form Name
AMC Recordkeeping
State Recordkeeping
State Reporting
State Reporting Requirements to the Appraisal Subcommittee

  Total Request 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 3,556 8,460 0 0 -4,904 0
Annual Time Burden (Hours) 2,455 421 0 0 2,034 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The difference in burden is due to the availability of more accurate burden estimates.

No
    No
    No
No
No
No
No
Mitchell Plave 202 874-5090 [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.
10/04/2021


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