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Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity)

ICR 202009-3064-003 · OMB 3064-0085 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
SPST-0085 Reg B 2020 Extension.docx Supporting Statement A Uploaded 2020-11-30 Repair queued
FR2 Nov 85 FR 76571 Nov 30 2020.pdf Supplementary Document Uploaded 2020-11-30 Repair queued
FR1 Nov 85 FR 59797 Sept 23 2020.pdf Supplementary Document Uploaded 2020-11-30 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
228381 Record Retention (Self-Testing) (1002.12(b)(6)) Modified
228380 Record Retention (Applications, Actions, Pre-Screened Solicitations) (1002.12) Modified
228378 Notice of Right to Appraisal (1002.14(a)(2)) Modified
228377 Disclosure of Information Collected for Monitoring Purposes (1002.13(c)) Removed
228376 Appraisal Report (1002.14(a)(1)) Modified
228374 Notification (1002.9) Modified
228373 Disclosure for Optional Self-Test (1002.5) Modified
228372 Demographic Information Collected for Monitoring Purposes (1002.13 (a) & (b)) Modified
228371 Credit Reporting History (1002.10) Modified
ICR Details
3064-0085 202009-3064-003
Received in OIRA 201904-3064-003
FDIC
Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity)
Revision of a currently approved collection   No
Regular 11/30/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
18,228,381 15,270,865
449,135 495,113
0 0
The requirements for this collection are contained in Regulation B – Equal Credit Opportunity, 12 C.F.R. Part 1202, issued by the Consumer Financial Protection Bureau (“CFPB”) pursuant to title VII (Equal Credit Opportunity Act) of the Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.). Section 1691(c) of the Equal Credit Opportunity Act (ECOA) designates the FDIC as having enforcement responsibilities in the case of state nonmember banks and state savings associations. ECOA and Regulation B prohibit discrimination in any aspect of a credit transaction because of race, color, religion, national origin, sex, martial status, age, receipt of public assistance, or having exercised a right under the Consumer Credit Protection Act. To aid in implementation of this prohibition, the statute and regulation also subject creditors to various mandatory disclosure requirements, notification provisions, credit history reporting, monitoring rules, and record keeping requirements. These requirements are triggered by specific events and disclosures must be provided within the time periods established by ECOA and the regulation.
US Code: 15 USC 1691(b) and (c) Name of Law: Equal Credit Opportunity Act
  
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act
Not associated with rulemaking
  85 FR 59797 09/23/2020
85 FR 76571 11/30/2020
No
  Total Request 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 18,228,381 15,270,865 0 0 2,957,516 0
Annual Time Burden (Hours) 449,135 495,113 0 0 -45,978 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    No
    No
No
Yes
No
No
Manuel Cabeza 202 898-3781 [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.
11/30/2020