80 FR 236 pgs. 76459-76460 - Agency Information Collection Activities: Comment Request
Type: NOTICEVolume: 80Number: 236Pages: 76459 - 76460
Pages: 76459, 76460Docket number: [Docket No: CFPB-2015-0054]
FR document: [FR Doc. 2015-31025 Filed 12-8-15; 8:45 am]
Agency: Consumer Financial Protection Bureau
Official PDF Version: PDF Version
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No: CFPB-2015-0054]
Agency Information Collection Activities: Comment Request
AGENCY:
Bureau of Consumer Financial Protection.
ACTION:
Notice and request for comment.
SUMMARY:
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (Bureau) is requesting to renew the Office of Management and Budget (OMB) approval for an existing information collection, titled, "Loan Originator Compensation Amendment (Regulation Z)."
DATES:
Written comments are encouraged and must be received on or before February 8, 2016 to be assured of consideration.
ADDRESSES:
You may submit comments, identified by the title of the information collection, OMB Control Number (see below), and docket number (see above), by any of the following methods:
• Electronic: http://www.regulations.gov. Follow the instructions for submitting comments.
• Mail: Consumer Financial Protection Bureau (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552.
• Hand Delivery/Courier: Consumer Financial Protection Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC 20002.
Please note that comments submitted after the comment period will not be accepted. In general, all comments received will become public records, including any personal information provided. Sensitive personal information, such as account numbers or social security numbers, should not be included.
FOR FURTHER INFORMATION CONTACT:
Documentation prepared in support of this information collection request is available at www.regulations.gov. Requests for additional information should be directed to the Consumer Financial Protection Bureau, (Attention: PRA Office), 1700 G Street NW., Washington, DC 20552, (202) 435-9575, or email: PRA@cfpb.gov. Please do not submit comments to this mailbox.
SUPPLEMENTARY INFORMATION:
Title of Collection: Loan Originator Compensation Amendment (Regulation Z).
OMB Control Number: 3170-0031.
Type of Review: Extension without change of a currently approved collection.
Affected Public: Private sector.
Estimated Number of Respondents: 8,254.
Estimated Total Annual Burden Hours: 94,635.
Abstract: The Truth in Lending Act (TILA), 15 U.S.C. 1601 et seq. , was enacted to foster comparison credit shopping and informed credit decision making by requiring accurate disclosure of the costs and terms of credit to consumers. The Dodd-Frank Act then amended TILA to include, among other things, provisions about the qualifications and compensation of mortgage loan officers, in order to ensure consumers are getting a fair deal on their loans.
[top] Request for Comments: Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the Bureau, including whether the information will have practical utility; (b) The accuracy of the Bureau's estimate of the burden of the collection of information, including the validity of the methods and the assumptions used; (c) Ways to enhance the quality, utility,
Dated: December 3, 2015.
Darrin A. King,
Paperwork Reduction Act Officer, Bureau of Consumer Financial Protection.
[FR Doc. 2015-31025 Filed 12-8-15; 8:45 am]
BILLING CODE 4810-AM-P