Information Collection Request

Recordkeeping and Disclosure Requirements Associated with Regulation RR

ICR 202303-7100-006 · OMB 7100-0372 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRRR_20230329_omb.pdf Supporting Statement A Uploaded 2023-03-29 Available
IC Document Collections
IC IDCollectionTypeStatusForm
223293 Disclosure Section 244.18 Unchanged
223292 Recordkeeping Section 244.18 Unchanged
223291 Disclosure Section 244.17 Unchanged
223290 Recordkeeping Section 244.17 Unchanged
223289 Disclosure Section 244.16 Unchanged
223288 Recordkeeping Section 244.16 Unchanged
223287 Disclosure Section 244.15 Unchanged
223286 Recordkeeping Section 244.15 Unchanged
223285 Disclosure Sections 244.13 and 244.19(g) Unchanged
223284 Recordkeeping Sections 244.13 and 244.19(g) Unchanged
223283 Disclosure Section 244.11 Unchanged
223282 Recordkeeping Section 244.11 Unchanged
197181 Disclosure Section 244.10 Unchanged
197180 Disclosure Section 244.9 Unchanged
197179 Disclosure Section 244.8 Unchanged
197178 Disclosure Section 244.7 Unchanged
197168 Recordkeeping Section 244.7 Unchanged
197167 Disclosure Section 244.6 Unchanged
197166 Recordkeeping Section 244.6 Unchanged
197165 Disclosure Section 244.5 Unchanged
197164 Recordkeeping Section 244.5 Unchanged
197163 Disclosure Section 244.4 Standard Risk Retention Combined Horizontal and Vertical Interest Unchanged
197162 Recordkeeping Section 244.4 Standard Risk Retention Combined Horizontal and Vertical Interest Unchanged
197161 Disclosure Section 244.4 Standard Risk Retention Vertical Interest Unchanged
197160 Recordkeeping Section 244.4 Standard Risk Retention Vertical Interest Unchanged
197159 Disclosure Section 244.4 Standard Risk Retention Horizontal Interest Unchanged
197157 Recordkeeping Section 244.4 Standard Risk Retention Horizontal Interest Unchanged
ICR Details
7100-0372 202303-7100-006
Active 202209-7100-002
FRS FR RR
Recordkeeping and Disclosure Requirements Associated with Regulation RR
Extension without change of a currently approved collection   No
Delegated
Approved without change 03/29/2023
Retrieve Notice of Action (NOA) 03/29/2023
  Inventory as of this Action Requested Previously Approved
03/31/2026 36 Months From Approved 03/31/2023
27 0 27
340 0 340
0 0 0

In 2014, the Board, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC) (collectively, the federal banking agencies), U.S. Securities and Exchange Commission (SEC), Federal Housing Finance Agency (FHFA), and Department of Housing and Urban Development (HUD) (collectively, the agencies) adopted a joint final rule (credit risk retention rule) that implemented the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (Exchange Act), which was added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Board’s credit risk retention rule, which applies to any securitizer of asset-backed securities (securitizer) that is a state member bank or a subsidiary of a state member bank, is codified in the Board’s Regulation RR - Credit Risk Retention (12 CFR Part 244). Regulation RR includes a number of mandatory recordkeeping and disclosure requirements.

US Code: 15 USC 78o-11 Name of Law: Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  87 FR 71637 11/23/2022
88 FR 18546 03/29/2023
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 27 27 0 0 0 0
Annual Time Burden (Hours) 340 340 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Kareemat Ayodeji 757 921-4888 [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.
03/29/2023