Proposed Collection; Comment Request
| Published date | 14 February 2019 |
| Citation | 84 FR 4069 |
| Record Number | 2019-02304 |
| Section | Notices |
| Court | Federal Housing Finance Agency |
Federal Register, Volume 84 Issue 31 (Thursday, February 14, 2019)
[Federal Register Volume 84, Number 31 (Thursday, February 14, 2019)]
[Notices]
[Pages 4069-4070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02304]
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FEDERAL HOUSING FINANCE AGENCY
[No. 2019-N-2]
Proposed Collection; Comment Request
AGENCY: Federal Housing Finance Agency.
ACTION: 30-Day notice of submission of information collection for
approval from Office of Management and Budget; request for
reinstatement of an expired collection.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the
Agency) is seeking public comments concerning a previously approved
information collection known as ``Advances to Housing Associates,''
which has been assigned control number 2590-0001 by the Office of
Management and Budget (OMB). FHFA intends to submit the information
collection to OMB for review and approval of a three-year renewal and
reinstatement of the control number, which expired on December 31,
2018.
DATES: Interested persons may submit comments on or before March 18,
2019.
ADDRESSES: Submit comments to the Office of Information and Regulatory
Affairs of the Office of Management and Budget, Attention: Desk Officer
for the Federal Housing Finance Agency, Washington, DC 20503, Fax:
(202) 395-3047, Email: OIRA_submission@omb.eop.gov. Please also submit
comments to FHFA, identified by ``Proposed Collection; Comment Request:
`Advances to Housing Associates, (No. 2019-N-2)' '' by any of the
following methods:
Agency Website: www.fhfa.gov/open-for-comment-or-input.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments. If you submit your
comment to the Federal eRulemaking Portal, please also send it by email
to FHFA at RegComments@fhfa.gov to ensure timely receipt by the agency.
Mail/Hand Delivery: Federal Housing Finance Agency, Eighth
Floor, 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed
Collection; Comment Request: ``Advances to Housing Associates, (No.
2019-N-2)''.
We will post all public comments we receive without change,
including any personal information you provide, such as your name and
address, email address, and telephone number, on the FHFA website at
http://www.fhfa.gov. In addition, copies of all comments received will
be available for examination by the public through the electronic
comment docket for this PRA Notice also located on the FHFA website.
FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Financial Analyst,
Jonathan.Curtis@fhfa.gov, (202) 649-3321, or Eric M. Raudenbush,
Associate General Counsel, Eric.Raudenbush@fhfa.gov, (202) 649-3084
(these are not toll-free numbers); Federal Housing Finance Agency, 400
Seventh Street SW, Washington, DC 20219. The Telecommunications Device
for the Hearing Impaired is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
A. Need for and Use of the Information Collection
Section 10b of the Federal Home Loan Bank Act (Bank Act)
establishes the requirements for making Federal Home Loan Bank (Bank)
advances (secured loans) to nonmember mortgagees, which are referred to
as ``Housing Associates''
[[Page 4070]]
in FHFA's regulations.\1\ Section 10b also establishes the eligibility
requirements an applicant must meet in order to be certified as a
Housing Associate.
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\1\ See 12 U.S.C. 1430b; 12 CFR 1264.3.
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Part 1264 of FHFA's regulations implements the statutory
eligibility requirements and establishes uniform review criteria the
Banks must use in evaluating applications from entities that wish to be
certified as a Housing Associate. Specifically, Sec. 1264.4 implements
the statutory eligibility requirements and provides guidance to an
applicant on how it may satisfy those requirements.\2\ Section 1264.5
authorizes the Banks to approve or deny all applications for
certification as a Housing Associate, subject to the statutory and
regulatory requirements.\3\ Section 1264.6 permits an applicant that
has been denied certification by a Bank to appeal that decision to
FHFA.\4\
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\2\ See 12 CFR 1264.4.
\3\ See 12 CFR 1264.5.
\4\ See 12 CFR 1264.6.
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In part 1266 of FHFA's regulations, subpart B governs Bank advances
to Housing Associates that have been approved under part 1264. Section
1266.17 establishes the terms and conditions under which a Bank may
make advances to Housing Associates.\5\ Specifically, Sec. 1266.17(e)
imposes a continuing obligation on each certified Housing Associate to
provide information necessary for the Bank to determine if it remains
in compliance with applicable statutory and regulatory requirements, as
set forth in part 1264.
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\5\ See 12 CFR 1266.17.
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The OMB control number for the information collection, which
expired on December 31, 2018, is 2590-0001. The likely respondents
include entities applying to be certified as a Housing Associate and
current Housing Associates.
B. Burden Estimates
FHFA estimates the total annualized hour burden imposed upon
respondents by this information collection to be 318 hours (14 hours
for applicants + 304 hours for current Housing Associates), based on
the following calculations:
I. Applicants
FHFA estimates that the total annual average number of entities
applying to be certified as a Housing Associate over the next three
years will be one, with one response per applicant. The estimate for
the average hours per application is 14 hours. Therefore, the estimate
for the total annual hour burden for all applicants is 14 hours (1
applicant x 1 response per applicant x 14 hours = 14 hours).
II. Current Housing Associates
FHFA estimates that the total annual average number of existing
Housing Associates over the next three years will be 76, with one
response per Housing Associate required to comply with the regulatory
reporting requirements. The estimate for the average hours per response
is 4 hours. Therefore, the estimate for the total annual hour burden
for current Housing Associates is 304 hours (76 certified Housing
Associates x 1 response per associate x 4 hours = 304 hours).
C. Comments Request
In accordance with the requirements of 5 CFR 1320.8(d), FHFA
published an initial notice and request for public comments regarding
this information collection in the Federal Register on October 17,
2018.\6\ The 60-day comment period closed on December 17, 2018. FHFA
received no comments.
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\6\ See 83 FR 52451 (Oct. 17, 2018).
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FHFA requests written comments on the following: (1) Whether the
collection of information is necessary for the proper performance of
FHFA functions, including whether the information has practical
utility; (2) the accuracy of FHFA's estimates of the burdens of the
collection of information; (3) ways to enhance the quality, utility,
and clarity of the information collected; and (4) 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.
Dated: February 7, 2019.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2019-02304 Filed 2-13-19; 8:45 am]
BILLING CODE 8070-01-P
