OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with Truth in Lending (Regulation Z)

ICR 202103-7100-006 · OMB 7100-0199 · Active

Forms and Documents
DocumentTypeStatusAvailability
FR Z 83c-2.pdf Justification for No Material/Nonsubstantive Change Uploaded 2021-03-17 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36212 Disclosure: Open-End (Not Home-Secured) Credit: Applications and solicitations (Section 1026.60) Modified
221347 Record Retention (Section 1026.25(c)(3)) one-time Removed
221346 Disclosure: Advertising Rules (all credit types) (Sections 026.16 and 1026.24) Modified
221345 Disclosure: Private Education Loans: Private student loan disclosures (Section 1026.47) Modified
221344 Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Provide copy of initial and additional appraisals (Sections 1026.43(c)(1). (c)2), (d), (e), and (f)) Modified
221343 Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Order and review additional appraisal (Sections 1026.43(c)(1). (c)2), (d), (e), and (f)) Modified
221342 Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Order and review initial appraisal (Sections 1026.43(c)(1). (c)2), (d), (e), and (f)) Modified
221341 Recordkeeping: Certain Home Mortgage Types: HOEPA receipt of certification of counseling for high-cost mortgages (Sections 1026.34(a)(5)(i)) Modified
221340 Certain Home Mortgage Types: HOEPA receipt of certification of counseling for high-cost mortgages (Sections 1026.34(a)(5)(i)) one-time Removed
221339 Disclosure: Certain Home Mortgage Types: HOEPA disclosures (Sections 1026.31, 1026.32,and 1026.36 Modified
221337 Certain Home Mortgage Types: HOEPA disclosures (Sections 1026.32(a)(1) and 1026.32(c)) one-time Removed
221336 Disclosure: Certain Home Mortgage Types: Reverse mortgage disclosures (Sections 1026.31(c)(2) and 1026.33) Modified
221335 Disclosure: Open and Closed-End Mortgage: Mortgage transfer disclosure (Section 1026.39) Modified
221334 Disclosure: Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3)) Modified
221333 Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3)) one-time Removed
221332 Closed-End Credit (Mortgage): Verification of documents for Qualified Mortgage (QM) and non-QM determination (Section 1026.43) one-time Removed
221331 Disclosure: Closed-End Credit (Mortgage): Periodic statements (Section 1026.41) Modified
221329 Closed-End Credit (Mortgage): Periodic statements (Section 1026.41) one-time Removed
206185 Disclosure: Closed-End Credit (Mortgage): Initial rate adjustment notice (Section 1026.20(d)) Modified
206184 Closed-End Credit (Mortgage): Initial rate adjustment notice (Section 1026.20(d)) one-time Removed
206183 Disclosure: Closed-End Credit (Mortgage): ARM disclosure (Section 1026.20(c)) Modified
206182 Closed-End Credit (Mortgage): ARM disclosure (Section 1026.20(c)) one-time Removed
200253 Disclosure: Closed-End Credit (Mortgage): Interest rate and payment summary (Section 1026.18(s)) and "No-guarantee-to-refinance" statement (Section 1026.(t)(1)) Modified
199372 Disclosure: Closed-End Credit (Non-Mortgage): Closed-end credit disclosures (Sections 1026.17 and 1026.18) Modified
199371 Disclosure: All Open-End Credit: Error resolution - Other open-end credit (Sections 1026.13) Modified
197094 Disclosure: All Open-End Credit: Error resolution - Credit Cards (Sections 1026.9(a)) Modified
193825 Disclosure: Open-End Credit (Home-Equity Plans): Notices to restrict credit (Sections 1026.9(c)(1)(iii) and 1026.40(f)(3)(i)) and (f)(3)(vi) Modified
191438 Disclosure: Open-End Credit (Home-Equity Plans): Change-in-terms disclosures (Section 1026.9(c)(1)(i) and (ii)) Modified
189274 Disclosure: Open-End Credit (Home-Equity Plans): Periodic statements (Section 1026.7(a)) Modified
179781 Disclosure: Open-End Credit (Home-Equity Plans): Account opening disclosures (Section 1026.6) Modified
179780 Disclosure: Open-End Credit (Home-Equity Plans): Application disclosures (Section 1026.40) Modified
179778 Disclosure: Open-End (Not Home-Secured) Credit: Reporting and marketing rules for college student open-end credit (Section 1026.57(d)) and Internet posting of credit card agreements (Section 1026.58) Modified
179777 Recordkeeping: Open-End (Not Home-Secured) Credit: Ability to pay policies (Section 1026.51) Modified
179776 Open-End (Not Home-Secured) Credit: Ability to pay policies (Section 1026.51) one-time Removed
179775 Recordkeeping: Open-End (Not Home-Secured) Credit: Timely settlement of estate debts policies (Section 1026.11(c)) Modified
179774 Open-End (Not Home-Secured) Credit: Timely settlement of estate debts policies (Section 1026.11(c))- one-time Removed
179773 Disclosure: Open-End (Not Home-Secured) Credit: Change-in-terms disclosures (Section 1026.9) Modified
179772 Disclosure: Open-End (Not Home-Secured) Credit: Periodic statements (Section 1026.7(b)) Modified
179769 Disclosure: Open-End (Not Home-Secured) Credit: Account opening disclosures (Section 1026.6(b)) Modified
ICR Details
7100-0199 202103-7100-006
Active 201605-7100-001
FRS FR Z
Recordkeeping and Disclosure Requirements Associated with Truth in Lending (Regulation Z)
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 03/17/2021
Retrieve Notice of Action (NOA) 03/17/2021
  Inventory as of this Action Requested Previously Approved
05/31/2021 05/31/2021 05/31/2021
14,189,381 0 38,029,410
243,583 0 1,412,502
0 0 0
The Truth in Lending Act (TILA) and Regulation Z promote the informed use of credit to consumers for personal, family, or household purposes by requiring disclosures about its terms and costs, as well as ensure that consumers are provided with timely information on the nature and costs of the residential real estate settlement process.
US Code: 15 USC 1604 Name of Law: Truth in Lending Act
  
None
Not associated with rulemaking
  81 FR 8492 02/19/2016
81 FR 27130 05/05/2016
No
29
IC Title Form No. Form Name
Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Order and review initial appraisal (Sections 1026.43(c)(1). (c)2), (d), (e), and (f))
Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Order and review additional appraisal (Sections 1026.43(c)(1). (c)2), (d), (e), and (f))
Disclosure: Certain Home Mortgage Types: Appraisals for higher-priced mortgage loans - Provide copy of initial and additional appraisals (Sections 1026.43(c)(1). (c)2), (d), (e), and (f))
Open-End (Not Home-Secured) Credit: Timely settlement of estate debts policies (Section 1026.11(c))- one-time
Open-End (Not Home-Secured) Credit: Ability to pay policies (Section 1026.51) one-time
Closed-End Credit (Mortgage): ARM disclosure (Section 1026.20(c)) one-time
Closed-End Credit (Mortgage): Initial rate adjustment notice (Section 1026.20(d)) one-time
Closed-End Credit (Mortgage): Verification of documents for Qualified Mortgage (QM) and non-QM determination (Section 1026.43) one-time
Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3)) one-time
Certain Home Mortgage Types: HOEPA disclosures (Sections 1026.32(a)(1) and 1026.32(c)) one-time
Certain Home Mortgage Types: HOEPA receipt of certification of counseling for high-cost mortgages (Sections 1026.34(a)(5)(i)) one-time
Record Retention (Section 1026.25(c)(3)) one-time
Disclosure: Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3))
Disclosure: Certain Home Mortgage Types: Reverse mortgage disclosures (Sections 1026.31(c)(2) and 1026.33)
Recordkeeping: Certain Home Mortgage Types: HOEPA receipt of certification of counseling for high-cost mortgages (Sections 1026.34(a)(5)(i))
Disclosure: Closed-End Credit (Mortgage): ARM disclosure (Section 1026.20(c))
Disclosure: Closed-End Credit (Mortgage): Initial rate adjustment notice (Section 1026.20(d))
Disclosure: Closed-End Credit (Non-Mortgage): Closed-end credit disclosures (Sections 1026.17 and 1026.18)
Disclosure: All Open-End Credit: Error resolution - Other open-end credit (Sections 1026.13)
Disclosure: Open-End Credit (Home-Equity Plans): Notices to restrict credit (Sections 1026.9(c)(1)(iii) and 1026.40(f)(3)(i)) and (f)(3)(vi)
Disclosure: Open-End Credit (Home-Equity Plans): Application disclosures (Section 1026.40)
Recordkeeping: Open-End (Not Home-Secured) Credit: Ability to pay policies (Section 1026.51)
Recordkeeping: Open-End (Not Home-Secured) Credit: Timely settlement of estate debts policies (Section 1026.11(c))
Disclosure: Open-End (Not Home-Secured) Credit: Periodic statements (Section 1026.7(b))
Disclosure: Open-End (Not Home-Secured) Credit: Change-in-terms disclosures (Section 1026.9)
Disclosure: Open-End Credit (Home-Equity Plans): Periodic statements (Section 1026.7(a))
Disclosure: Open-End Credit (Home-Equity Plans): Account opening disclosures (Section 1026.6)
Disclosure: Open-End Credit (Home-Equity Plans): Change-in-terms disclosures (Section 1026.9(c)(1)(i) and (ii))
Disclosure: Open-End (Not Home-Secured) Credit: Applications and solicitations (Section 1026.60)
Disclosure: Open-End (Not Home-Secured) Credit: Reporting and marketing rules for college student open-end credit (Section 1026.57(d)) and Internet posting of credit card agreements (Section 1026.58)
Disclosure: Open-End (Not Home-Secured) Credit: Account opening disclosures (Section 1026.6(b))
Disclosure: All Open-End Credit: Error resolution - Credit Cards (Sections 1026.9(a))
Disclosure: Closed-End Credit (Mortgage): Interest rate and payment summary (Section 1026.18(s)) and "No-guarantee-to-refinance" statement (Section 1026.(t)(1))
Disclosure: Private Education Loans: Private student loan disclosures (Section 1026.47)
Disclosure: Advertising Rules (all credit types) (Sections 026.16 and 1026.24)
Disclosure: Closed-End Credit (Mortgage): Periodic statements (Section 1026.41)
Disclosure: Open and Closed-End Mortgage: Mortgage transfer disclosure (Section 1026.39)
Disclosure: Certain Home Mortgage Types: HOEPA disclosures (Sections 1026.31, 1026.32,and 1026.36
Closed-End Credit (Mortgage): Periodic statements (Section 1026.41) one-time
  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 14,189,381 38,029,410 0 0 -23,840,029 0
Annual Time Burden (Hours) 243,583 1,412,502 0 0 -1,168,919 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Reduction in burden hours reflects elimination of one-time burden as well as adjustments to align methodologies with that of the Consumer Financial Protection Bureau.
$0
No
    No
    No
No
Yes
No
No
Jennifer Williams 202 452-2446 [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.
03/17/2021