# Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Regulation C—Home Mortgage Disclosure
**AGENCY:**
Office of the Comptroller of the Currency (OCC), Treasury.
**ACTION:**
Notice and request for comment.
**SUMMARY:**
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC 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. The OCC is soliciting comment concerning the renewal of its information collection titled, “Regulation C—Home Mortgage Disclosure.” The OCC also is giving notice that it has sent the collection to OMB for review.
**DATES:**
Comments must be received by September 26, 2025.
**ADDRESSES:**
Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:
• *Email: [email protected].*
• *Mail:* Chief Counsel's Office, Attention: Comment Processing, Office of the Comptroller of the Currency, Attention: 1557-0345, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
• *Hand Delivery/Courier:* 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
• *Fax:* (571) 293-4835.
*Instructions:* You must include “OCC” as the agency name and “1557-0345” in your comment. In general, the OCC will publish comments on *www.reginfo.gov* without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
Written comments and recommendations for the proposed information collection should also be sent within 30 days of publication of this notice to *www.reginfo.gov/public/do/PRAMain.* You can find this information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
You may review comments and other related materials that pertain to this information collection following the close of the 30-day comment period for this notice by the method set forth in the next bullet.
• *Viewing Comments Electronically:* Go to *www.reginfo.gov.* Hover over the “Information Collection Review” tab and click on “Information Collection Review” from the drop-down menu. From the “Currently under Review” drop-down menu, select “Department of Treasury” and then click “submit.” This information collection can be located by searching OMB control number “1557-0345” or “Regulation C—Home Mortgage Disclosure.” Upon finding the appropriate information collection, click on the related “ICR Reference Number.” On the next screen, select “View Supporting Statement and Other Documents” and then click on the link to any comment listed at the bottom of the screen.
• For assistance in navigating *www.reginfo.gov,* please contact the Regulatory Information Service Center at (202) 482-7340.
**FOR FURTHER INFORMATION CONTACT:**
Shaquita Merritt, Clearance Officer, (202) 649-5490, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
**SUPPLEMENTARY INFORMATION:**
Under the PRA (44 U.S.C. 3501 *et seq.* ), Federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. “Collection of information” is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC asks the OMB to extend its approval of the collection in this notice.
*Title:* Regulation C—Home Mortgage Disclosure.
*OMB Control No.:* 1557-0345.
*Type of Review:* Regular.
*Affected Public:* Businesses or other for-profit.
*Description:* The Consumer Financial Protection Bureau's (CFPB), Regulation C, [^1] which implements the Home Mortgage Disclosure Act (HMDA) [^2] 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 data about loan applications that do not result in originations. HMDA's purpose is to provide the citizens and public officials of the United States with sufficient information to enable them to determine whether depository institutions are filling their obligations to serve the housing needs of the communities and neighborhoods in which they are located and to assist public officials in distributing public-sector investments in a manner designed to improve the private investment environment. [^3]
[^1] 12 CFR part 1003.
[^2] 12 U.S.C. 2801 *et. seq.*
[^3] 12 U.S.C. 2801(b).
Twelve CFR 1003.5 requires the disclosure and reporting of data on mortgage loans. Section 1003.5(a)(1)(i) provides that by March 1 following the calendar year for which data are collected and recorded, a financial institution must submit its annual loan/application register in electronic format to the appropriate Federal agency at the address identified by such agency. An authorized representative of the financial institution with knowledge of the data submitted must certify to the accuracy and completeness of data submitted. The financial institution must retain a copy of its annual loan/application register for at least three years.
Section 1003.5(a)(1)(ii) provides that within 60 calendar days after the end of each calendar quarter except the fourth quarter, a financial institution that reported for the preceding calendar year at least 60,000 covered loans and applications, combined, excluding purchased covered loans, must submit to the appropriate Federal agency its loan/application register containing all data required to be recorded for that quarter. The financial institution must submit its quarterly loan/application register in electronic format at the address identified by the appropriate Federal agency for the institution.
Under section 1003.5(a)(2), a financial institution that is a subsidiary of a bank or savings association must complete a separate loan/application register. The subsidiary must submit the loan/application register, directly or through its parent, to the appropriate Federal agency for the subsidiary's parent at the address identified by the agency.
Section 1003.5(b)(1) provides that the Federal Financial Institutions Examination Council (FFIEC) will make available a disclosure statement based on the data each financial institution submits for the preceding calendar year.
Section 1003.5(b)(2) provides that no later than three business days after receiving notice from the FFIEC that a financial institution's disclosure statement is available, the financial institution must make available to the public upon request at its home office, and each branch office physically located in each Metropolitan Statistical Area (MSA) and each Metropolitan Division (MD), a written notice that clearly conveys that the institution's disclosure statement may be obtained on the CFPB's website. A financial institution must make this notice available for a period of five years.
Section 1003.5(c)(1) provides that a financial institution must make available to the public upon request at its home office, and each branch office physically located in each MSA and each MD, a written notice that clearly conveys that the institution's loan/application register, as modified by the CFPB to protect applicant and borrower privacy, may be obtained on the CFPB's website. A financial institution shall make available the notice following the calendar year for which the data are collected. A financial institution must make the notice available to the public for a period of three years.
Section 1003.5(d)(2) provides that a financial institution may make available to the public, at its discretion its disclosure statement or its loan/application register, as modified by the CFPB to protect applicant and borrower privacy.
Section 1003.5(e) provides that a financial institution must post a general notice about the availability of its HMDA data in the lobby of its home office and of each branch office physically located in each MSA and each MD. This notice must clearly convey that the institution's HMDA data is available on the CFPB's website.
**Estimated Burden**
*Estimated Frequency of Response:* On occasion.
*Estimated Number of Respondents:* 504.
*Estimated Total Annual Burden:* 504,190 hours.
*Comments:* On June 17, 2025, the OCC published a 60-day notice for this information collection, (90 FR 25746). The OCC received one comment from a community bank trade organization. The trade organization stated that as HMDA reporting has become more complex, it has increased the need for staffing and investment in software for community banks. The commenter stated that its members experience challenges surrounding HMDA data collection, including general difficulties, the cost of subsequent compliance reviews, general monetary costs, and staff training. The commenter also stated that CFPB expanded and complicated the requirements for collecting data, which the commenter stated is particularly difficult for its members to comply with. The commenter also stated that higher thresholds for when banks need to report HMDA data would deliver the best relief for community banks.
In 2010, Congress transferred rulemaking authority under HMDA from the Federal Reserve Board to the CFPB. [^4] The OCC does not have rulemaking authority under HMDA. Therefore, the OCC does not have authority to make changes to data collection and reporting requirements and reporting thresholds.
[^4]*See* 12 U.S.C. 5581(b)(1) (transferring all consumer financial protection functions of the Federal Reserve Board to the CFPB).
*Comments continue to be invited on:*
(a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility;
(b) The accuracy of the OCC's estimate of the burden of the collection of information;
(c) Ways to enhance the quality, utility, and clarity of the information to be collected;
(d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Eden Gray,
Assistant Director, Office of the Comptroller of the Currency.