Home Mortgage Disclosure Act (HMDA) Loan/Application Register
Revision of a currently approved collection
No
Regular
07/26/2022
Requested
Previously Approved
36 Months From Approved
07/31/2022
1,056
2,997
2,245,563
1,730,139
5,840,600
0
This report collects information from mortgage lenders on application for, and originations and purchases of, mortgage and home improvement loans. Non-depository mortgage lending institutions are required to use the report as a running log throughout the calendar year, and send the report to HUD by March 1 of the following calendar year.
US Code:
12 USC 2803
Name of Law: Banks and Banking, Home Mortgage Disclosure
The difference of the 515,424 burden hours increase (2,245,563 OMB burden hours for current collection reported compared to the 1,730,139 previous OMB approved burden hours for collection reported) is due from the current HMDA data collection increase in the number of previous reported Respondents, 891, for HMDA collection to the current collection of 903 Respondents reporting annually and quarterly to the CFPB.
$239
No
No
No
No
No
No
No
Stacey Shindelar 202 402-2569
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.