Suspicious Activity Report Filing Requirements for Residential Mortgage Lenders and Originators

ICR 202007-1506-010 · OMB 1506-0061 · Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1506-0061 can be found here:

2024-05-31 - Extension without change of a currently approved collection

Forms and Documents

Document	Type	Status	Availability
Form FinCEN Form 111 Suspicious Activity Report	Form	Unchanged	Available
SAR Supporting Statement 7.28.2020. Final Version.docx	Supporting Statement A	Uploaded 2020-07-29	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
195669	Suspicious Activity Report	Form	Unchanged

ICR Details

OMB Control No: 1506-0061	ICR Reference No: 202007-1506-010
Status: Active	Previous ICR Reference No: 201808-1506-004
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Suspicious Activity Report Filing Requirements for Residential Mortgage Lenders and Originators
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/16/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/30/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2023	36 Months From Approved	09/30/2020
Responses	1	0	1
Time Burden (Hours)	1	0	1
Cost Burden (Dollars)	0	0	0

Abstract: FinCEN, a bureau of the Department of the Treasury (''Treasury''), issued rules defining non-bank residential mortgage lenders and originators as loan or finance companies for the purpose of requiring them to establish anti-money laundering (AML) programs and suspicious activities report (SAR) under the Bank Secrecy Act. This information collection identifies burden associated with SAR.

Authorizing Statute(s): US Code: 31 USC 5311-5314 Name of Law: Money and Finance
US Code: 31 USC 5316-5332 Name of Law: Money and Finance

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 31598	05/26/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 45959	07/30/2020
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Suspicious Activity Report	FinCEN Form 111	Suspicious Activity Report

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	1	1
Annual Time Burden (Hours)	1	1
Annual Cost Burden (Dollars)	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:

Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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]? No

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

Is this ICR related to the Pandemic Response? No

Agency Contact: FinCEN Resource Center 800 767-2825 [email protected]

Common Form ICR: No