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Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Real Estate Lending Standards

January 22, 2014

Notice and request for comment. Citation: "79 FR 3588" Page Number : "3588" "Notices" SUMMARY: In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on renewal of an existing information collection, as required by the PRA. On November 4, 2013 (78 FR 66004), the FDIC requested comment for 60 days on renewal of its information collection entitled Real Estate Lending Standards, which is currently approved under OMB Control No. 3064-0112. No comments were received on the proposal to renew. The FDIC hereby gives notice of submission to OMB of its request to renew the collection. DATES: Comments must be submitted on or before February 21, 2014 . ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: * http://www.FDIC.gov/regulations/laws/federal/notices.html * Email: comments@fdic.gov Include the name of the collection in the subject line of the message. * Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room NYA-5050, Federal Deposit Insurance Corporation , 550 17th Street NW ., Washington, DC 20429. * Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street ), on business days between 7:00 a.m. and 5:00 p.m. All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the FDIC : Office of Information and Regulatory Affairs , Office of Management and Budget , New Executive Office Building , Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Leneta Gregorie , at the FDIC address above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information: Title: Real Estate Lending Standards. OMB Number: 3064-0112. Frequency of Response: On occasion. Affected Public: Insured financial institutions supervised by the FDIC . Estimated Number of Respondents: 4,375. Estimated Time per Response: 20 hours. Total Annual Burden: 87,500 hours. General Description of Collection: Institutions use real estate lending policies to guide their lending operations in a manner that is consistent with safe and sound banking practices and appropriate to their size, nature and scope of operations. These policies should address certain lending considerations, including loan-to-value limits, loan administration policies, portfolio diversification standards, and documentation, approval and reporting requirements. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC's functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC , this 16th day of January, 2014. Federal Deposit Insurance Corporation . Robert E. Feldman , Executive Secretary. [FR Doc. 2014-01148 Filed 1-21-14; 8:45 am ] BILLING CODE 6714-01-P


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Source: Federal Register


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