OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y

ICR 201505-7100-003 · OMB 7100-0250 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
FRH4_20150527_omb.pdf Supporting Statement A Uploaded 2015-05-27 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36286 SMBs (Reg H, Sections 208.50 - 208.51) Modified
187963 BHC Subsidiaries (Reg Y, Sections 225.61 - 225.67) Modified
ICR Details
7100-0250 201505-7100-003
Historical Active 201501-7100-016
FRS FR H-4
Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y
Extension without change of a currently approved collection   No
Delegated
Approved without change 05/27/2015
Retrieve Notice of Action (NOA) 05/27/2015
  Inventory as of this Action Requested Previously Approved
05/31/2018 36 Months From Approved 05/31/2015
174,530 0 174,530
43,633 0 43,633
0 0 0
These requirements are specified in Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) as set forth in the Board's Regulation H, subpart E (12 C.F.R. 208.50-208.51) and Regulation Y, subpart G (12 C.F.R. 225.61-225.67). These regulations require that, for federally related transactions, regulated institutions obtain real estate appraisals performed by certified or licensed appraisers in conformance with uniform appraisal standards. The estimated number of reporters under the regulation includes 860 state member banks (SMBs) and 630 bank holding company (BHC) nonbank subsidiaries that extend mortgage credit.
US Code: 12 USC 3339 Name of Law: Financial Institutions Reform, Recovery, and Enforcement Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information Act
  
None
Not associated with rulemaking
  80 FR 7866 02/12/2015
80 FR 25292 05/04/2015
No
2
IC Title Form No. Form Name
SMBs (Reg H, Sections 208.50 - 208.51)
BHC Subsidiaries (Reg Y, Sections 225.61 - 225.67)
  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 174,530 174,530 0 0 0 0
Annual Time Burden (Hours) 43,633 43,633 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Lois Lawrence 202-452-2984 [email protected]
  No
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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
05/27/2015