Record and Disclosure Requirements – CFPB Regulations B, C, E, M, Z, and DD and FRB Regulation CC

Forms and Documents

Document Name	Status
1557-0176 Supporting Statement Final.doc Supporting Statement A	2013-12-09

IC Document Collections

IC ID	Document Title	Status
20054	Regulation B - Equal Credit Opportunity	Modified
194292	Regulation DD - Truth in Savings	Modified
194291	Regulation CC - Availability of Funds and Collection of Checks	Modified
194290	Regulation Z - Truth in Lending	Modified
194289	Regulation M - Consumer Leasing	Modified
194288	Regulation E - Electronic Fund Transfers	Modified
194287	Regulation C - Home Mortgage Disclosure	Modified

ICR Details

OMB Control No: 1557-0176	ICR Reference No: 201310-1557-005
Status: Historical Active	Previous ICR Reference No: 201107-1557-004
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Record and Disclosure Requirements – CFPB Regulations B, C, E, M, Z, and DD and FRB Regulation CC
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/25/2014
	Date Received in OIRA: 01/29/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2017	36 Months From Approved	06/30/2014
Responses	11,255	0	15,615
Time Burden (Hours)	4,756,910	0	5,527,405
Cost Burden (Dollars)	0	0	0

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Abstract: The burden contained in this information collection was allocated to OCC by OMB. This burden is attributable to CFPB Regs B (Equal Credit Opportunity), C (Home Mortgage Disclosure), E (Electronic Funds Transfer), M (Consumer Leasing), Z (Truth in Lending), and DD (Truth in Savings), and FRB Reg CC (Availability of Funds and Collection of Checks). The burden under this submission has been adjusted to remove the burden transferred to the Bureau of Consumer Financial Protection under Dodd-Frank.

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Authorizing Statute(s): US Code: 12 USC 5001-5018 Name of Law: Check Clearing for the 21st Century Act
   US Code: 15 USC 1601 et seq. Name of Law: Equal Credit Opportunity Act
   US Code: 12 USC 2801 et seq. Name of Law: Home Mortgage Disclosure Act
   US Code: 15 USC 1693 et seq. Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1601 et seq. Name of Law: Truth in Lending Act
   US Code: 12 USC 4001-4010 Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 4301 et seq. Name of Law: Truth in Savings Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1002 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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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:
	78 FR 68150	11/13/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 4813	01/29/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 7

IC Title	Form No.	Form Name
Regulation B - Equal Credit Opportunity
Regulation M - Consumer Leasing
Regulation C - Home Mortgage Disclosure
Regulation E - Electronic Fund Transfers
Regulation Z - Truth in Lending
Regulation CC - Availability of Funds and Collection of Checks
Regulation DD - Truth in Savings

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ICR Summary 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	11,255	15,615	0	0	-4,360	0
Annual Time Burden (Hours)	4,756,910	5,527,405	0	0	-770,495	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: The decrease in burden is due to the burden transferred to the CFPB for banks over $10 billion in consolidated assets.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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]? Yes

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

Is this ICR related to the Pandemic Response? Uncollected

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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: 01/29/2014

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