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Federal Register / Vol. 86, No. 151 / Tuesday, August 10, 2021 / Notices purposes of this analysis FDIC assumes the number of state-regulated AMCs to remain approximately the same over the next three years. Thus, the estimated number of annual respondents for this burden is 3,820, after rounding up to the nearest ten.41 There are no data available currently on the number of AMCs that are small. As a rough approximation, FDIC uses the percentage of insured depository institutions that are small 70 percent for purposes of the RFA to estimate the number of small respondents to this IC.
Using this methodology FDIC estimates that 2,674 respondents to this IC are small for purposes of the RFA.42

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IC 4: AMC Disclosure Requirements Federally Regulated AMCs The fourth information collection relates to AMC disclosure requirements for federally regulated AMCs pursuant to Section 323.13c. The disclosure requirements for this IC include registration limitations/requirements as well as information regarding the determination of the AMC National Registry fee. Of the 3,854 active AMCs, 37 are federally regulated AMCs.43 FDIC
does not have the data to estimate the change in the number of active federally regulated AMCs using historical information because the National Registry became available for the states to populate in July 2018, and the states reporting characteristics vary over time.44 For the purposes of this analysis FDIC assumes the number of federally regulated AMCs to remain approximately the same over the next three years. Thus, the estimated number of annual respondents for this burden is 39, after rounding up to the nearest multiple of three.45 There are no data Appraisal Subcommittee, Annual Report 2019:
Appendix E Appraiser Disciplinary Actions Reported by State, available at https
www.asc.gov/About-the-ASC/AnnualReports.aspx accessed June 2, 2021; and ASC, States Status on Implementation of AMC Programs, available at https www.asc.gov/National-Registries/
StatesStatus.aspx accessed June 2, 2021.
41 The estimate is rounded to the nearest ten because 10 percent of the respondents will be allocated to FHFA, and OMB systems require whole number inputs.
42 The estimated number of small respondents to this IC is calculated by multiplying the estimated number of respondents 3,820 by 70 percent.
43 ASC nonpublic data, obtained as of June 3, 2021.
44 See footnote 40.
45 The estimate is rounded to the nearest multiple of three because the estimated respondents will be allocated equally to the FDIC, FRB, and OCC, and OMB systems require whole number inputs. The aggregate estimated number of respondents for IC
3 and IC 4 in the current ICR state-regulated and federally regulated AMCs is higher than the corresponding estimate in the 2018 ICR by 3,659.
The increase in the number of respondents in the current ICR is attributable to the definitive
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available currently on the number of AMCs that are small. As a rough approximation, FDIC uses the percentage of insured depository institutions that are small 70 percent for purposes of the RFA to estimate the number of small respondents to this IC.
Accordingly, FDIC estimates that 27
respondents to this IC are small for purposes of the RFA.46
Estimated Number of Responses For IC 1, FDIC assumes an AMC
receives one written notice from each appraiser 47 asking to be removed from the appraiser panel, or sends one notice to each appraiser removing him/her from the panel. Thus, the estimated number of responses per respondent is one.
For IC 2, FDIC assumes that states without a registration and licensing program would develop and maintain a single program for each state. Thus, the estimated number of responses per respondent is one.
For IC 3 and IC 4, FDIC estimates the number of responses per respondent as the number of states that do not have an AMC registration program in which the average state-regulated or federally regulated AMC operates. As discussed previously, there are four states that currently do not have an AMC
registration program. As noted in the Supporting Statement accompanying the 2018 ICR, a 2013 survey conducted by the CFPB found that the average AMC operates in 19.56 states.48 Thus, the average state-regulated or federally regulated AMC operates in approximately 2 states that do not have AMC registration systems: 4 states/55
states 19.56 states = 1.422 states
rounded up to 2 states.
Frequency of Responses For IC 1, as discussed above, the AMC receives or sends a written notice in the event an appraiser no longer serves on the panel. Since this event occurs on occasion, FDIC uses On Occasion as the Frequency of Reponses information available from the National Registry after 2018, when AMC registration requirements became effective.
46 The estimated number of small respondents to this IC is calculated by multiplying the estimated number of respondents 39 by 70 percent.
47 In the event of an appraisers death or incapacitation, the AMC receives notice of death or incapacity. See 12 CFR 323.10.
48 See OMB No. 30640195 and the accompanying Supporting Statement submitted by the FDIC in 2018, available at https
www.reginfo.gov/public/do/PRAViewICR?ref_
nbr=201804-3064-013 accessed June 2, 2021.
Additional details on the survey can be found in the text accompanying the final rule. See Minimum Requirements for Appraisal Management Companies, 80 FR 32,677 June 9, 2015.

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for this IC and assumes a frequency of one.
For IC 2, FDIC assumes the states that have currently elected not to register and oversee AMCs could choose to do so at any time. Since this event occurs on occasion, FDIC uses On Occasion as the Frequency of Reponses for this IC and assumes a frequency of one.
For IC 3 and IC 4, FDIC assumes the state-regulated or federally regulated AMCs that are currently operating in a state but have not yet registered with that state could choose to do so any time. Since this event occurs on occasion, FDIC uses On Occasion as the Frequency of Reponses for this IC
and assumes a frequency of one.
Estimated Time per Response The 2018 ICR estimate of the hour burden per written notice of appraiser removal was 0.08 hours. The FDIC
believes this estimate remains reasonable and appropriate for this IC
and uses 0.08 hours as the estimated time per response for IC 1.
The 2018 ICR estimate of the hour burden for a state without a registration program or system to establish one was 40 hours. The FDIC believes this estimate remains reasonable and appropriate for this IC and uses 40
hours as the estimated time per response for IC 2.
The 2018 ICR estimate of the hour burden for a state-regulated or federally regulated AMC to register in a state in which it operates was one hour. The FDIC believes this estimate remains reasonable and appropriate for IC 3
and IC 4 and uses one hour each as the estimated time per response for IC 3
and IC 4.
The estimated annual burden, in hours, for the four agencies FDIC, FRB, OCC, and FHFA is the product of the estimated number of respondents per year allocated to each agency, the number of responses per respondent per year, and the hours per response, as summarized in Tables 3 and 4 below.
For IC 1, and IC 3, the estimated respondents are split between the four agencies the FDIC, FRB, OCC, and FHFA, at a ratio of 3:3:3:1.49 Thus, the 49 The assumption to divide the burden hours between the agencies is based on conversations between the subject matter experts at the FDIC, FRB, OCC, and FHFA and is based on the approximate proportion of AMCs supervised by the three banking agencies and evenly split among the three banking agencies. The burden hours are shared using the same ratio as the 2018 ICR. The ratio does not affect the total amount of burden imposed by the collections of information under the joint AMC regulations, and relates only to the appropriate distribution among the rulemaking
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