OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with CFPB’s Regulation Z

ICR 202109-7100-001 · OMB 7100-0199 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRZ_20211031_omb.pdf Supporting Statement A Uploaded 2021-10-31 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36212 Disclosure Section 1026.60 Open-end credit (Not home-secured) Applications and solicitations Modified
249478 Disclosure Sections 1026.16 and 1026.24 Advertising rules (All credit types) Advertising rules New
249477 Disclosure Section 1026.47 Private education loans Private student loan disclosures New
249476 Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Review and provide copy of additional appraisal New
249475 Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Investigate and verify requirement for additional appraisal New
249474 Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Review and provide copy of initial appraisal New
249473 Disclosures Section 1026.34(a)(5)(i) Certain home mortgage types HOEPA receipt of certification of couseling for high-cost mortgages New
249471 Disclosure Sections 1026.31, 1026.32, and 1026.36 Certain home mortgage types HOEPA disclosures New
221346 Disclosure Sections 1026.31(c)(2) and 1026.33 Certain home mortgage types Reverse mortgage disclosures Modified
221345 Disclosure Section 1026.39 Open and closed end mortgage Mortgage transfer disclosure Modified
221344 Disclosure Section 1026.36(c)(3) Open and closed end mortgage Payoff statements Modified
221343 Disclosure Sections 1026.20(c)-(e), 1026.36, 1026.39, and 1026.41 Closed-end credit (Mortgage) Post-consummation disclosures for successors in interest (Ongoing) Modified
221342 Disclosure Sections 1026.20(c)-(e), 1026.36, 1026.39, and 1026.41 Closed-end credit (Mortgage) Post-consummation disclosures for successors in interest (One-time) Modified
221341 Disclosure Sections 1026.41(e) and (f) Closed-end credit (Mortgage) Periodic statements in bankruptcy (Ongoing) Modified
221339 Disclosure Sections 1026.41(e) and (f) Closed-end credit (Mortgage) Periodic statements in bankruptcy (One-time) Modified
221336 Disclosure Section 1026.41 Closed-end credit (Mortgage) Periodic statements Modified
221335 Disclosure Section 1026.20(d) Closed-end credit (Mortgage) Initial rate adjustment notice Modified
221334 Disclosure: Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3)) Removed
221331 Disclosure Section 1026.20(c) Closed-end credit (Mortgage) ARM disclosures Modified
206185 Disclosure Sections 1026.19(f) and 1026.38 Closed-end credit (Mortgage) Closing disclosure Modified
206183 Disclosure Sections 1026.19(e) and 1026.37 Closed-end credit (Mortgage) Loan estimate Modified
200253 Disclosure Sections 1026.18(s) and 1026.18(t)(1) Closed-end credit (Mortgage) Interest rate and payment summary and "No-guarantee-to-refinance" statement Modified
199372 Disclosure Sections 1026.17 and 1026.18 Closed-end credit (Non-mortgage) Closed-end credit disclosures Modified
199371 Disclosure: All Open-End Credit: Error resolution - Other open-end credit (Sections 1026.13) Removed
197094 Disclosure Sections 1026.9(a) and 1026.13 All open-end credit Error resolution Credit cards Modified
193825 Disclosure Sections 1026.9(c)(1)(iii) and 1026.40(f)(3)(i)) and (f)(3)(vi) Open-end credit (Home-equity) Notices to restrict credit Modified
191438 Disclosure Sections 1026.9(c)(1)(i) and (ii) Open-end credit (Home-equity) Change-in-terms disclosures Modified
189274 Disclosure Section 1026.7(a) Open-end credit (Home-equity) Periodic statements Modified
179781 Disclosure Section 1026.6(a) Open-end credit (Home-equity) Account opening disclosures Modified
179780 Disclosure Section 1026.40 Open-end credit (Home-equity) Application disclosures Modified
179778 Recordkeeping Section 1026.51 Open-end credit (Not home-secured) Ability to pay policies Modified
179777 Disclosure Section 1026.11(c)(2) Open-end credit (Not home-secured) Timely settlement of estate debts account information to estate administrator Modified
179775 Recordkeeping Section 1026.11(c) Open-end credit (Not home-secured) Timely settlement of estate debts policies Modified
179773 Disclosure Section 1026.9 Open-end credit (Not home-secured) Change-in-terms disclosures Modified
179772 Disclosure Section 1026.7(b) Open-end credit (Not home-secured) Periodic statements Modified
179769 Disclosure Section 1026.6(b) Open-end credit (Not home-secured) Account opening disclosures Modified
ICR Details
7100-0199 202109-7100-001
Active 202103-7100-006
FRS FR Z
Recordkeeping and Disclosure Requirements Associated with CFPB’s Regulation Z
Revision of a currently approved collection   No
Delegated
Approved without change 10/31/2021
Retrieve Notice of Action (NOA) 10/31/2021
  Inventory as of this Action Requested Previously Approved
10/31/2024 36 Months From Approved 11/30/2021
15,110,223 0 14,189,381
283,981 0 243,583
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
  86 FR 20156 04/16/2021
86 FR 49028 09/01/2021
No
34
IC Title Form No. Form Name
Disclosure Section 1026.11(c)(2) Open-end credit (Not home-secured) Timely settlement of estate debts account information to estate administrator
Disclosure Section 1026.20(c) Closed-end credit (Mortgage) ARM disclosures
Disclosure Section 1026.20(d) Closed-end credit (Mortgage) Initial rate adjustment notice
Disclosure Section 1026.36(c)(3) Open and closed end mortgage Payoff statements
Disclosure Section 1026.39 Open and closed end mortgage Mortgage transfer disclosure
Disclosure Section 1026.40 Open-end credit (Home-equity) Application disclosures
Disclosure Section 1026.41 Closed-end credit (Mortgage) Periodic statements
Disclosure Section 1026.47 Private education loans Private student loan disclosures
Disclosure Section 1026.6(a) Open-end credit (Home-equity) Account opening disclosures
Disclosure Section 1026.6(b) Open-end credit (Not home-secured) Account opening disclosures
Disclosure Section 1026.60 Open-end credit (Not home-secured) Applications and solicitations
Disclosure Section 1026.7(a) Open-end credit (Home-equity) Periodic statements
Disclosure Section 1026.7(b) Open-end credit (Not home-secured) Periodic statements
Disclosure Section 1026.9 Open-end credit (Not home-secured) Change-in-terms disclosures
Disclosure Sections 1026.16 and 1026.24 Advertising rules (All credit types) Advertising rules
Disclosure Sections 1026.17 and 1026.18 Closed-end credit (Non-mortgage) Closed-end credit disclosures
Disclosure Sections 1026.18(s) and 1026.18(t)(1) Closed-end credit (Mortgage) Interest rate and payment summary and "No-guarantee-to-refinance" statement
Disclosure Sections 1026.19(e) and 1026.37 Closed-end credit (Mortgage) Loan estimate
Disclosure Sections 1026.19(f) and 1026.38 Closed-end credit (Mortgage) Closing disclosure
Disclosure Sections 1026.20(c)-(e), 1026.36, 1026.39, and 1026.41 Closed-end credit (Mortgage) Post-consummation disclosures for successors in interest (One-time)
Disclosure Sections 1026.20(c)-(e), 1026.36, 1026.39, and 1026.41 Closed-end credit (Mortgage) Post-consummation disclosures for successors in interest (Ongoing)
Disclosure Sections 1026.31(c)(2) and 1026.33 Certain home mortgage types Reverse mortgage disclosures
Disclosure Sections 1026.31, 1026.32, and 1026.36 Certain home mortgage types HOEPA disclosures
Disclosure Sections 1026.41(e) and (f) Closed-end credit (Mortgage) Periodic statements in bankruptcy (One-time)
Disclosure Sections 1026.41(e) and (f) Closed-end credit (Mortgage) Periodic statements in bankruptcy (Ongoing)
Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Investigate and verify requirement for additional appraisal
Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Review and provide copy of additional appraisal
Disclosure Sections 1026.43(c), (d), and (f) Certain home mortgage types Appraisals for higher-priced mortgage loans Review and provide copy of initial appraisal
Disclosure Sections 1026.9(a) and 1026.13 All open-end credit Error resolution Credit cards
Disclosure Sections 1026.9(c)(1)(i) and (ii) Open-end credit (Home-equity) Change-in-terms disclosures
Disclosure Sections 1026.9(c)(1)(iii) and 1026.40(f)(3)(i)) and (f)(3)(vi) Open-end credit (Home-equity) Notices to restrict credit
Disclosure: All Open-End Credit: Error resolution - Other open-end credit (Sections 1026.13)
Disclosure: Open and Closed-End Mortgage: Prompt crediting & payoff statement (Section 1026.36(c)(3))
Disclosures Section 1026.34(a)(5)(i) Certain home mortgage types HOEPA receipt of certification of couseling for high-cost mortgages
Recordkeeping Section 1026.11(c) Open-end credit (Not home-secured) Timely settlement of estate debts policies
Recordkeeping Section 1026.51 Open-end credit (Not home-secured) Ability to pay policies
  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 15,110,223 14,189,381 0 920,842 0 0
Annual Time Burden (Hours) 283,981 243,583 0 40,398 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The estimated total annual burden for the FR Z is 243,583 hours, and would increase to 283,981 hours with the revisions. The revisions would result in an increase of 40,398 hours.
$0
No
    No
    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.
10/31/2021