Federal Register - June 14, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 112 / Monday, June 14, 2021 / Notices Financial Institution Disclosure Requirements Section 1007.105a requires the institution to make the unique identifiers of its MLO employees available to consumers in a manner and method practicable to the institution.
Financial Institution Recordkeeping Requirements
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Section 1007.104 requires that an institution that employs one or more MLOs to adopt and follow written policies and procedures to, at a minimum, address certain specified areas related to MLO registration. These policies must be appropriate to the
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nature, size and complexity of the institutions mortgage lending activities.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
85,353.
Estimated Total Annual Burden:
51,384 hours.
On March 17, 2021, the OCC
published a 60-day notice for this information collection, 86 FR 14678. No comments were received. Comments continue to be invited on: a Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical
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utility; b The accuracy of the OCCs estimate of the burden of the collection of information; c Ways to enhance the quality, utility, and clarity of the information to be collected; d Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency.
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