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Federal Register / Vol. 86, No. 189 / Monday, October 4, 2021 / Notices
periodically review and renew or review and deny renewal of an AMCs registration; iii examine the books and records of the AMC operating in the State and require the AMC to submit reports, information, and documents;
iv verify that the appraisers on an AMCs panel hold valid State certifications or licenses, as applicable;
v investigate and assess potential violations of applicable appraisalrelated laws, regulations, or orders; vi discipline, suspend, terminate, or deny the registration renewal of an AMC that violates applicable appraisal-related laws, regulations, or orders; and vii report an AMCs violation of appraisalrelated laws, regulations, or orders as well as disciplinary and enforcement actions and other relevant information about an AMCs operation to the ASC.
Twelve CFR 34.213b requires each participating State to impose requirements on AMCs that are not owned and controlled by an insured depository institution and not regulated by a Federal financial institutions regulatory agency to: i Register with and be subject to supervision by a State appraiser certifying and licensing agency in each State in which the AMC
operates; ii engage only State-certified or State-licensed appraisers for Federally regulated transactions in conformity with any Federally related transaction regulations; iii establish and comply with processes and controls reasonably designed to ensure that the AMC, in engaging an appraiser, selects an appraiser who is independent of the transaction and who has the requisite education, expertise, and experience to competently complete the appraisal assignment for the particular market and property type; iv direct the appraiser to perform the assignment in accordance with Uniform Standards of Professional Appraisal Practices USPAP; and v establish and comply with processes and controls reasonably designed to ensure that the AMC conducts its appraisal management services in accordance with section 129Eai of the Truth in Lending Act, 15 U.S.C.
1639ea through i and the regulations thereunder.
Burden: 1 respondent; 1 response per year; 40 hours per response; 40 total burden hours.
State Reporting Burden Twelve CFR 34.216 requires that each State electing to register AMCs for purposes of permitting AMCs to provide appraisal management services relating to covered transactions in the State must submit to the ASC the information required to be submitted under subpart H to part 34 and any additional
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information required by the ASC
concerning AMCs that operate in the State.
Burden: 1,158 respondents; 2
responses per year; 1 hour per response;
2,316 total burden hours.
AMC Recordkeeping Requirements Twelve CFR 34.212b provides that an appraiser in an AMCs network or panel is deemed to remain on the network or panel until: i The AMC
sends a written notice to the appraiser removing the appraiser from the appraiser panel with an explanation of its action; or ii receives written notice from the appraiser asking to be removed from the appraiser panel or notice of the death or incapacity of the appraiser.
Burden: 1,239 respondents; 1
response per year; 0.08 hours per response; 99 total burden hours.
Total Estimated Annual Burden:
2,455 hours.
The OCC issued a notice for 60 days of comment concerning this collection on July 29, 2021, 86 FR 40898. No comments were received. Comments continue to be solicited 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 utility;
b The accuracy of the OCCs estimate of the information collection burden;
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.
FR Doc. 202121556 Filed 10121; 8:45 am BILLING CODE 481033P

DEPARTMENT OF THE TREASURY
Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to U.S. Income Tax Return Forms for Individual Taxpayers Internal Revenue Service IRS, Treasury.

AGENCY:

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Notice and request for comments.

ACTION:

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the burden associated with the U.S. Income Tax Return Forms for Individual Taxpayers.

SUMMARY:

Written comments should be received on or before December 3, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224.
Requests for additional information or copies of the forms should be directed to R. Joseph Durbala, at Internal Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington DC 20224, or through the internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION: Title: U.S.
Income Tax Return for Individual Taxpayers.
OMB Number: 15450074.
Regulation Project Number: Form 1040 and affiliated return forms.
Abstract: IRC sections 6011 & 6012 of the Internal Revenue Code require individuals to prepare and file income tax returns annually. These forms and related schedules are used by individuals to report their income subject to tax and compute their correct tax liability. This information collection request ICR covers the actual reporting burden associated with preparing and submitting the prescribed return forms, by individuals required to file Form 1040 and any of its affiliated forms as explained in the attached table.
Current Actions: There have been changes in regulatory guidance related to various forms approved under this approval package during the past year.
There have been additions and removals of forms included in this approval package. It is anticipated that these changes will have an impact on the overall burden and cost estimates requested for this approval package, however these estimates were not finalized at the time of release of this notice. These estimated figures are expected to be available by the release of the 30-comment notice from OMB.
This approval package is being submitted for renewal purposes only.
DATES:

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