Reporting, Recordkeeping, and Disclosure Requirements Associated with CFPB’s Home Mortgage Disclosure Act Loan/Application Register Required by Regulation C

ICR 202111-7100-003

OMB: 7100-0247

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-11-18
ICR Details
7100-0247 202111-7100-003
Active 202106-7100-006
FRS FR HMDA LAR
Reporting, Recordkeeping, and Disclosure Requirements Associated with CFPB’s Home Mortgage Disclosure Act Loan/Application Register Required by Regulation C
Extension without change of a currently approved collection   No
Delegated
Approved without change 11/18/2021
Retrieve Notice of Action (NOA) 11/18/2021
  Inventory as of this Action Requested Previously Approved
11/30/2024 36 Months From Approved 11/30/2021
965 0 965
578,984 0 578,984
0 0 0

The Home Mortgage Disclosure Act (HMDA) was enacted in 1975 and is implemented by Regulation C. Generally, the HMDA requires certain depository and non-depository institutions that make certain mortgage loans to collect, report, and disclose data about originations and purchases of mortgage loans, as well as loan applications that do not result in originations (for example, applications that are denied or withdrawn). The HMDA was enacted to provide regulators and the public with loan data that can be used to (1) help determine whether financial institutions are serving the housing needs of their communities, (2) assist public officials in distributing public-sector investments so as to attract private investment to areas where it is needed, and (3) assist in identifying possible discriminatory lending patterns and enforcing anti-discrimination statutes. Supervisory agencies, state and local public officials, and members of the public use the data to aid in the enforcement of the Community Reinvestment Act (CRA), the Equal Credit Opportunity Act, and the Fair Housing Act and to aid in identifying areas for residential redevelopment and rehabilitation.

US Code: 12 USC 2803(j) Name of Law: Home Mortgage Disclosure Act
   US Code: 12 USC 2803(h)(2)(A) Name of Law: Home Mortgage Disclosure Act
  
None

Not associated with rulemaking

  86 FR 38090 07/19/2021
86 FR 60816 11/04/2021
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 965 965 0 0 0 0
Annual Time Burden (Hours) 578,984 578,984 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
No
Jennifer Williams 202 452-2446 [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.
11/18/2021


© 2021 OMB.report | Privacy Policy