# Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
**AGENCY:**
Federal Deposit Insurance Corporation (FDIC).
**ACTION:**
Notice and request for comment.
**SUMMARY:**
The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on renewal of the information collection described below.
**DATES:**
Comments must be submitted on or before February 5, 2018.
**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: [email protected].* Include the name and number of the collection in the subject line of the message.
• *Mail:* Manny Cabeza (202-898-3767), Counsel, MB-3007, 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:**
Manny Cabeza, at the FDIC address above.
**SUPPLEMENTARY INFORMATION:**
**Proposal To Renew the Following Currently Approved Collections of Information**
1. *Title:* Recordkeeping, Disclosure and Reporting Requirements in Connection with Regulation Z.
*OMB Number:* 3064-0082.
*Form Number:* None.
*Affected Public:* State nonmember banks and state savings associations.
*General Description of Collection:* Consumer Financial Protection Bureau (CFPB) Regulation Z—12 CFR 1026 implements the Truth in Lending Act (15 U.S.C. 1601, *et seq.* ) and certain provisions of the Real Estate Settlement Procedures Act (12 U.S.C. 2601 *et seq.* ). This regulation prescribes uniform methods for computing the cost of credit, the disclosure of credit terms and costs, the resolution of errors and imposes various other recordkeeping, reporting and disclosure requirements. The FDIC has enforcement authority on the requirements of the CFPB's Regulation over the financial institutions it supervises. This information collection captures the recordkeeping, reporting and disclosure burdens of Regulation Z on FDIC-supervised institutions.
The information collection is being revised to account for revisions and changes made to Regulation Z by the CFPB since this information collection was last submitted to OMB for clearance.
To arrive at the estimated annual burden the FDIC assessed the number of potential respondents to the information collection by identifying the number of FDIC-supervised institutions who reported activity that would be within the scope of the information collection requirements according to data from the most recent CALL Report. Additionally, the FDIC estimated the frequency of responses to the recordkeeping, reporting, or disclosure requirements by assessing the dollar volume of activity that would be within the scope of the information collection. In some instances the FDIC used information provided by other sources to estimate the magnitude and scope of activity attributable to FDIC-supervised institutions when more immediate information sources did not exist.
*Burden Estimate:*
| | Obligation to | Estimated number of | Estimated | Frequency of response | Number of | Estimated time per response (minutes) | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Timely Settlement of Estate Debts (1026.11(c)(1)) Written Policies and Procedures | Mandatory Recordkeeping | 1 | N/A | 1 | 1 | 480.00 | 6 |
| Ability to Pay (1026.51(a)(ii)) Written Policies and Procedures | Mandatory Recordkeeping | 1 | N/A | 1 | 1 | 480.00 | 6 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Implementation of Policies and Procedures (1026.42(g)) | Mandatory Recordkeeping | 1 | N/A | 1 | 0 | 1,200.00 | 20 |
| Total Estimated Implementation Burden | | | | | | | 32 Hours |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Credit and Charge Card Applications and Solicitations (1026.60) | Mandatory Disclosure | 634 | N/A | 1 | 634 | 480.00 | 5,072 |
| Account Opening Disclosures (1026.6(b)) | Mandatory Disclosure | 634 | N/A | 1 | 634 | 720.00 | 7,608 |
| Periodic Statements (1026.7(b)) | Mandatory Disclosure | 634 | N/A | 12 | 7,608 | 480.00 | 60,864 |
| Annual Statement of Billing Rights (1026.9(a)(1)) | Mandatory Disclosure | 317 | N/A | 1 | 317 | 480.00 | 2,536 |
| Alternative Summary Statement of Billing Rights (1026.9(a)(2)) | Voluntary Disclosure | 317 | N/A | 12 | 3,804 | 480.00 | 30,432 |
| Change in Terms Disclosures (1026.9(b) through (h)) | Mandatory Disclosure | 634 | N/A | 1 | 634 | 480.00 | 5,072 |
| | | | | | | | |
| Timely Settlement of Estate Debts (1026.11(c)(2)) | Mandatory Disclosure | 634 | 428 | 1 | 271,352 | 5.00 | 22,613 |
| Ability to Pay (1026.51) | Mandatory Recordkeeping | 634 | N/A | 1 | 634 | 720.00 | 7,608 |
| College Student Credit Annual Report (1026.57(d)) | Mandatory Reporting | 634 | N/A | 1 | 634 | 480.00 | 5,072 |
| Submission of Credit Card Agreements (1026.58(c)) | Mandatory Reporting | 634 | N/A | 4 | 2,536 | 180.00 | 7,608 |
| Internet Posting of Credit Card Agreements (1026.58(d)) | Mandatory Disclosure | 634 | N/A | 4 | 2,536 | 360.00 | 15,216 |
| Individual Credit Card Agreements (1026.58(e)) | Mandatory Disclosure | 634 | 125 | 1 | 79,250 | 15.00 | 19,813 |
| | | | | | | | |
| | | | | | | | |
| Application Disclosures (1026.40) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 720.00 | 32,604 |
| Account Opening Disclosures (1026.6(a)) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 720.00 | 32,604 |
| Periodic Statements (1026.7(a)) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 480.00 | 21,736 |
| Annual Statement of Billing Rights (1026.9(a)(1)) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 480.00 | 21,736 |
| Alternative Summary Statement of Billing Rights (1026.9(a)(2)) | Voluntary | 2,717 | N/A | 1 | 2,717 | 480.00 | 21,736 |
| Change in Terms Disclosures (1026.9(b) through (h)) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 480.00 | 21,736 |
| Notice to Restrict Credit (1026.9(c)(1)(iii); .40(f)(3)(i) and (vi)) | Mandatory Disclosure | 2,717 | N/A | 1 | 2,717 | 120.00 | 5,434 |
| | | | | | | | |
| Error Resolution (1026.13) | Mandatory Disclosure | 3,624 | 2,963 | 1 | 10,737,912 | 1.0 | 178,965 |
| | | | | | | | |
| | | | | | | | |
| Other than Real Estate, Home-Secured and Private Education Loans (1026.17 and .18) | Mandatory Disclosure | 1 | N/A | 1 | 1 | 720.00 | 12 |
| | | | | | | | |
| | | | | | | | |
| Loan Estimate (1026.19(e); and .37) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| Closing Disclosure (1026.19(f); and .38) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| Record Retention of Disclosures (1026.19(e), (f); .37; and .38) | Mandatory Recordkeeping | 3,628 | N/A | 1 | 3,628 | 18.00 | 1,088 |
| | | | | | | | |
| Interest Rate and Payment Summary (1026.18(s)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 2,400.00 | 145,120 |
| No Guarantee to Refinance Statement (1026.18(t)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| ARMs Rate Adjustments with Payment Change Disclosures (1026.20(c)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 90.00 | 5,442 |
| Initial Rate Adjustment Disclosure for ARMs (1026.20(d)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 120.00 | 7,256 |
| Escrow Cancellation Notice (1026.20(e)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| Periodic Statements (1026.41) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| | | | | | | | |
| Minimum Standards (1026.43(c) through (f)) | Mandatory Recordkeeping | 3,628 | 926 | 1 | 3,359,528 | 15.00 | 839,882 |
| Prepayment Penalties (1026.43(g)) | Mandatory Disclosure | 3,628 | 16 | 1 | 58,048 | 12.00 | 11.610 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Payoff Statements (1026.36(c)(3)) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,024 |
| | | | | | | | |
| Notice of Sale or Transfer (1026.39) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 480.00 | 29,204 |
| | | | | | | | |
| | | | | | | | |
| Reporting Appraiser Noncompliance (1026.42(g)) | Mandatory Reporting | 3,628 | 1 | 1 | 3,628 | 10.00 | 605 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Reverse Mortgage Disclosures (1026.31(c)(2) and .33) | Mandatory Disclosure | 14 | N/A | 1 | 14 | 1,440.00 | 336 |
| | | | | | | | |
| | | | | | | | |
| HOEPA Disclosures and Notice (1026.32(c) | Mandatory Disclosure | 3,628 | N/A | 1 | 3,628 | 14.00 | 847 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Application or Solicitation Disclosures (1026.47(a)) | Mandatory Disclosure | 3,561 | N/A | 1 | 3,561 | 3,600.00 | 213,660 |
| | | | | | | | |
| Approval Disclosures (1026.47(b)) | Mandatory Disclosure | 3,561 | N/A | 1 | 3,561 | 3,600.00 | 213,660 |
| | | | | | | | |
| Final Disclosures (1026.47(c)) | Mandatory Disclosure | 3,561 | N/A | 1 | 3,561 | 3,600.00 | 213,660 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| Open-End Credit (1026.16) | Mandatory Disclosure | 3,624 | 5 | 1 | 18,120 | 20.00 | 6,040 |
| | | | | | | | |
| Closed-End Credit (1026.24) | Mandatory Disclosure | 3,628 | 5 | 1 | 18,140 | 20.00 | 6,047 |
| | | | | | | | |
| | | | | | | | |
| Regulation Z in General (1026.25) | Mandatory Recordkeeping | 3,652 | N/A | 1 | 3,652 | 18.00 | 1,096 |
| Total Estimated Ongoing Burden | | | | | | | 2,396,494 |
| Total Estimated Annual Burden | | | | | | | 2,396,526 |
**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 collection of information 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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, this 4th day of December, 2017.
Robert E. Feldman,
Executive Secretary.