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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRHMDALAR_20241126_omb.pdf	Supporting Statement A	Uploaded 2024-11-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
234193	Disclosure Tier 1 Quarterly Reporter		Unchanged
234192	Disclosure Tier 1 Annual Reporter		Unchanged
234191	Recordkeeping Tier 3		Unchanged
232797	Recordkeeping Tier 2		Unchanged
232796	Recordkeeping Tier 1 Quarterly Reporter		Unchanged
232795	Recordkeeping Tier 1 Annual Reporter		Unchanged
232794	Reporting Tier 3 Partial Reporter		Unchanged
232793	Reporting Tier 2 Partial Reporter		Unchanged
232792	Reporting Tier 2		Unchanged
232791	Reporting Tier 1 Quarterly Reporter		Unchanged
181544	Reporting Tier 1 Annual Reporter		Unchanged

ICR Details

OMB Control No: 7100-0247	ICR Reference No: 202410-7100-004
Status: Active	Previous ICR Reference No: 202403-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR HMDA LAR
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with CFPB’s Home Mortgage Disclosure Act Loan/Application Register Required by Regulation C
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/26/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/26/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2027	36 Months From Approved	11/30/2024
Responses	1,345	0	1,345
Time Burden (Hours)	960,235	0	960,235
Cost Burden (Dollars)	0	0	0

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Abstract: The 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loans, as well as loan applications that do not result in originations (for example, applications that are denied or withdrawn).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.

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Authorizing Statute(s): US Code: 12 USC 2803(h)(2)(A) Name of Law: Home Mortgage Disclosure Act
   US Code: 12 USC 2803(j) Name of Law: Home Mortgage Disclosure Act
  

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:
	89 FR 48636	06/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 85969	10/29/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 11

table that charts list of burden

IC Title	Form No.	Form Name
Disclosure Tier 1 Annual Reporter
Disclosure Tier 1 Quarterly Reporter
Recordkeeping Tier 1 Annual Reporter
Recordkeeping Tier 1 Quarterly Reporter
Recordkeeping Tier 2
Recordkeeping Tier 3
Reporting Tier 1 Annual Reporter
Reporting Tier 1 Quarterly Reporter
Reporting Tier 2
Reporting Tier 2 Partial Reporter
Reporting Tier 3 Partial Reporter

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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	1,345	1,345	0	0	0	0
Annual Time Burden (Hours)	960,235	960,235	0	0	0	0
Annual Cost Burden (Dollars)	0	0	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: $0

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.     Yes

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: 11/26/2024

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