Notice on Lending and Investment
Summary
The Office of Thrift Supervision published a notice regarding lending and investment practices. This notice provides information and seeks public comment on specific aspects of these practices.
What changed
The Office of Thrift Supervision (OTS) has issued a notice concerning lending and investment practices. This document, published in the Federal Register, serves as an informational update and includes a comment period for public input.
Regulated entities, particularly those involved in lending and investment, should review the notice to understand any potential implications or to provide feedback. Written comments are due by August 19, 2011. While this notice does not appear to impose immediate new obligations, participation in the comment period is encouraged for those with relevant expertise or concerns.
What to do next
- Review the notice regarding lending and investment practices.
- Submit written comments by August 19, 2011, if applicable.
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Notice
Lending and Investment
A Notice by the Thrift Supervision Office on 07/20/2011
- 1.
1.
Document Details Published Content - Document Details Agencies Department of the Treasury Office of Thrift Supervision Document Citation 76 FR 43385 Document Number 2011-18313 Document Type Notice Pages 43385-43386
(2 pages) Publication Date 07/20/2011 Published Content - Document DetailsPDF Official Content
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Document Details Published Content - Document Details Agencies Department of the Treasury Office of Thrift Supervision Document Citation 76 FR 43385 Document Number 2011-18313 Document Type Notice Pages 43385-43386
(2 pages) Publication Date 07/20/2011 Published Content - Document DetailsDocument Dates Published Content - Document Dates Comments Close 08/19/2011 Dates Text Submit written comments on or before August 19, 2011. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain. Published Content - Document Dates
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Published Document: 2011-18313 (76 FR 43385) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
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Department of the Treasury
Office of Thrift Supervision
AGENCY:
Office of Thrift Supervision (OTS), Treasury.
ACTION:
Notice and request for comment.
SUMMARY:
The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. OTS is soliciting public comments on the proposal.
DATES:
Submit written comments on or before August 19, 2011. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.
ADDRESSES:
Send comments, referring to the collection by title of the proposal or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 393-6974; and Information Collection Comments, Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552
FOR FURTHER INFORMATION CONTACT:
For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at ira.mills@ots.treas.gov, or on (202) 906-6531.
SUPPLEMENTARY INFORMATION:
OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection.
Title of Proposal: Lending and Investment.
OMB Number: 1550-0078.
Form Number: N/A.
Description: Current OTS regulations for the documentation of loans and investments for safety and soundness purposes are found at 12 CFR 560 and 562.1, 563.41, 563.170, and 590.4. OTS also requires certain loan disclosures to borrowers with respect to adjustable rate mortgage loans (12 CFR 560.210) in accordance with regulations issued by the Federal Reserve Board (12 CFR 226.19(b) and 226.20(c)).
OTS uses the information during the examination process to ensure that savings associations are complying with applicable rules and regulations as well as engaging in safe and sound lending practices.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 731. ( printed page 43386)
Estimated Frequency of Response: On occasion.
Estimated Total Burden: 266,489 hours.
Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
Dated: July 14, 2011
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision.
[FR Doc. 2011-18313 Filed 7-19-11; 8:45 am]
BILLING CODE 6720-01-P
Published Document: 2011-18313 (76 FR 43385)
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