Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders

Forms and Documents

Document Name	Status
3170-0076 (NBR Orders Final Rule) supporting statement.docx Supporting Statement A	2024-07-09

IC Document Collections

IC ID	Document Title	Status
257370	Supervisory Reports Provision	Unchanged
257369	Registration Provision (Initial Identification)	Unchanged

ICR Details

OMB Control No: 3170-0076	ICR Reference No: 202407-3170-001
Status: Received in OIRA	Previous ICR Reference No: 202212-3170-002
Agency/Subagency: CFPB	Agency Tracking No:
Title: Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/09/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	15,504	0
Time Burden (Hours)	271,320	0
Cost Burden (Dollars)	0	0

---

Abstract: The Bureau has proposed requiring registration by certain nonbank covered person entities (with exclusions for insured depository institutions, insured credit unions, related persons, States, natural persons, and certain entities excluded from the exercise of the Bureau’s rulemaking authority under the circumstances described in 12 U.S.C. 5517 and 5519) of certain final public orders obtained or issued by a Federal, State, or local agency based on an alleged violation of a “covered law.”. Under the proposal, the term “covered law” would include, to the extent that the violation of law found or alleged arises out of conduct in connection with the offering or provision of a consumer financial product or service

---

Authorizing Statute(s): US Code: 12 USC 5512 Name of Law: Wall Street Reform And Consumer Protection Act
   US Code: 12 USC 5514 Name of Law: Wall Street Reform And Consumer Protection
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3170-AB13	Final or interim final rulemaking	89 FR 56028	07/08/2024

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Registration Provision (Initial Identification)
Supervisory Reports Provision

---

ICR Summary of Burden

	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	15,504	0	0	15,504	0	0
Annual Time Burden (Hours)	271,320	0	0	271,320	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection of information. There are no program changes or adjustments.

---

Annual Cost to Federal Government: $2,500,000

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.     Yes

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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

---

Common Form ICR:  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:

(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: 07/09/2024

---