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AGENCY:
Consumer Financial Protection Bureau.
ACTION:
Notice and request for comment.
SUMMARY:
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) extension of the existing information collection titled “Mortgage Assistance Relief Services (Regulation O)” approved under OMB Number 3170-0007.
DATES:
Written comments are encouraged and must be received on or before November 18, 2024 to be assured of consideration.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function. In general, all comments received will become public records, including any personal information provided. Sensitive personal information, such as account numbers or Social Security numbers, should not be included.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information should be directed to Anthony May, Paperwork Reduction Act Officer, at (202) 435-7278, or email: CFPB_PRA@cfpb.gov. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. Please do not submit comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Mortgage Assistance Relief Services (Regulation O).
OMB Control Number: 3170-0007.
Type of Review: Extension without change of a currently approved collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 120.
Estimated Total Annual Burden Hours: 360.
Abstract: The required disclosures under Regulation O assist prospective purchasers of mortgage assistance relief services (MARS) in making well-informed decisions and avoiding deceptive unfair acts and practices. The CFPB and the Federal Trade Commission use the information provided under Regulation O's recordkeeping requirements for enforcement purposes and to ensure compliance with Regulation O by MARS providers. The information is requested only on a case-by-case basis.
12 CFR part 1015.
Request for Comments: The CFPB published a 60-day Federal Register notice on July 18, 2024 (89 FR 58353) under Docket Number: CFPB-2024-0031. The CFPB is publishing this notice and soliciting comments on: (a) Whether the collection of information is necessary for the proper performance of the functions of the CFPB, including whether the information will have practical utility; (b) The accuracy of the CFPB's estimate of the burden of the collection of information, including the validity of the methods and the assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Comments submitted in response to this notice will be reviewed by OMB as part of its review of this request. All comments will become a matter of public record.
Anthony May,
Paperwork Reduction Act Officer, Consumer Financial Protection Bureau.
[FR Doc. 2024-23883 Filed 10-16-24; 8:45 am]
BILLING CODE 4810-AM-P