Extension without change of a currently approved collection
No
Regular
10/22/2024
Requested
Previously Approved
36 Months From Approved
10/31/2025
120
118
360
355
33,000
32,450
The required disclosures under
Regulation O (12 CFR 1015) assist prospective purchasers of
Mortgage assistance relief services (MARS) in making well-informed
decisions and avoiding deceptive and unfair acts and practices. The
information that must be kept under Regulation O's recordkeeping
requirements is used by the Bureau of Consumer Financial Protection
(Bureau or BCFP) and the Federal Trade Commission (FTC) for
enforcement purposes and to ensure compliance by MARS providers
with Regulation O. The information is requested only on a
case-by-case basis.
PL:
Pub.L. 111 - 24 511 Name of Law: Credit Card Accountability and
Responsibility and Disclosure Act of 2009
PL:
Pub.L. 111 - 203 1097 Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
PL:
Pub.L. 111 - 8 626 Name of Law: Omnibus Appropriations Act of
2009
CFPB is increasing the number
of respondents (from 118 to 120). The CFPB is also making a slight
adjustment to burden 355 hours to 360 hours) to account for and
remedy past rounding errors.
$0
No
No
No
No
Yes
No
No
Justin Hobbs 202
435-7475
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.