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Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with CFPB's Regulation B

ICR 202105-7100-002 · OMB 7100-0201 · Active

Forms and Documents
DocumentTypeStatusAvailability
FR B 83c.pdf Justification for No Material/Nonsubstantive Change Uploaded 2021-05-12 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36225 Recordkeeping Section 1002.12 Record retention for applications, actions, and prescreened solicitations Modified
247328 Self-testing Disclosure Section 1002.5 Rules concerning requests for information, disclosure for optional self-test New
180424 Self-testing Recordkeeping Section 1002.12 Incentives for self-correction Modified
180423 Self-testing Recordkeeping Section 1002.12 Incentives for self-testing Modified
180422 Disclosure Section 1002.14 Rules on providing appraisals and other valuations Modified
180420 Disclosure Section 1002.13 9(c) Information for Monitoring Purposes Modified
180350 Disclosure Section 1002.10 Furnishing of Credit Information Modified
180349 Disclosure Section 1002.9 Notifications Modified
180348 Recordkeeping Section 1002.13(a) and (b) Information for Monitoring Purposes Modified
ICR Details
7100-0201 202105-7100-002
Active 201807-7100-008
FRS FR B
Recordkeeping and Disclosure Requirements Associated with CFPB's Regulation B
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 05/13/2021
Retrieve Notice of Action (NOA) 05/13/2021
  Inventory as of this Action Requested Previously Approved
07/31/2021 07/31/2021 07/31/2021
19,605,759 0 48,161
104,810 0 146,974
0 0 0
Equal Credit Opportunity Act (ECOA) was enacted in 1974 and is implemented by the Consumer Financial Protection Bureau (CFPB) Regulation B for institutions the Board supervises. The ECOA prohibits discrimination in any aspect of a credit transaction because of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), or other specified bases (receipt of public assistance, or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act (15 U.S.C. 1600 et seq.)). Since 2011, the CFPB has been responsible for issuing ECOA regulations that apply to institutions the Board supervises. However, the Board continues to be responsible under the Paperwork Reduction Act (PRA) for renewing every three years the information collections mandated by the regulation for institutions supervised by the Board. The Board accounts for the paperwork burden associated with Regulation B only for institutions for which the Board has enforcement authority under ECOA.
US Code: 15 USC 1691b Name of Law: Equal Credit Opportunity Act
  
None
Not associated with rulemaking
  83 FR 16098 04/13/2018
83 FR 31149 07/03/2018
No
  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 19,605,759 48,161 0 0 19,557,598 0
Annual Time Burden (Hours) 104,810 146,974 0 0 -42,164 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden reflects updates to respondent counts as well as adjustments to align methodologies with that of the Consumer Financial Protection Bureau.
$0
No
    Yes
    No
No
No
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.
05/13/2021