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Appraisals for Higher-Priced Mortgage Loans—Supplemental Proposal; Proposed Rule

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Appraisals for Higher-Priced Mortgage Loans—Supplemental Proposal; Proposed Rule Vol. 78 Thursday, No. 153 August 8, 2013 Part II Department of the Treasury Office of the Comptroller of the Currency 12 CFR Part 34 Board of Governors of the Federal Reserve System 12 CFR Part 226 Bureau of Consumer Financial Protection 12 CFR Part 1026 Appraisals for Higher-Priced Mortgage Loans—Supplemental Proposal; Proposed Rule VerDate Mar<15>2010 18:08 Aug 07, 2013 Jkt 229001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\08AUP2.SGM 08AUP2 mstockstill on DSK4VPTVN1PROD with PROPOSALS2 48548 Federal Register / Vol. 78, No. 153 / Thursday, August 8, 2013 / Proposed Rules DEPARTMENT OF THE TREASURY requirements; specifically, the Agencies • Electronic: http:// are proposing exemptions from the rules www.regulations.gov. Follow the Office of the Comptroller of the for: transactions secured by existing instructions for submitting comments. Currency manufactured homes and not land; • Mail: Monica Jackson, Office of the certain ‘‘streamlined’’ refinancings; and Executive Secretary, Bureau of 12 CFR Part 34 transactions of $25,000 or less. Consumer Financial Protection, 1700 G Street NW., Washington, DC 20552. [Docket No. OCC–2013–0009] DATES: Comments must be received on • or before September 9, 2013, except that Hand Delivery/Courier in Lieu of RIN 1557–AD70 comments on the Paperwork Reduction Mail: Monica Jackson, Office of the Act analysis in part VIII of the Executive Secretary, Bureau of BOARD OF GOVERNORS OF THE Supplementary Information must be Consumer Financial Protection, 1700 G FEDERAL RESERVE SYSTEM received on or before October 7, 2013. Street NW., Washington, DC 20552. All submissions must include the 12 CFR Part 226 ADDRESSES: Interested parties are agency name and docket number or encouraged to submit written comments Regulatory Information Number (RIN) [Docket No. R–1443] jointly to all of the Agencies. for this rulemaking. In general, all RIN 7100–AD90 Commenters are encouraged to use the comments received will be posted title ‘‘Appraisals for Higher-Priced without change to http:// BUREAU OF CONSUMER FINANCIAL Mortgage Loans—Supplemental www.regulations.gov. In addition, PROTECTION Proposal’’ to facilitate the organization comments will be available for public and distribution of comments among the inspection and copying at 1700 G Street 12 CFR Part 1026 Agencies. Commenters also are NW., Washington, DC 20552, on official encouraged to identify the number of business days between the hours of 10 [Docket No. CFPB–2013–0020] the specific question for comment to a.m. and 5 p.m. Eastern Time. You can RIN 3170–AA11 which they are responding. Interested make an appointment to inspect the parties are invited to submit written documents by telephoning (202) 435– Appraisals for Higher-Priced Mortgage comments to: 7275. Loans—Supplemental Proposal Board: You may submit comments, All comments, including attachments identified by Docket No. R–1443 or RIN and other supporting materials, will AGENCIES: Board of Governors of the 7100–AD90, by any of the following become part of the public record and Federal Reserve System (Board); Bureau methods: subject to public disclosure. Sensitive of Consumer Financial Protection • Agency Web site: http:// personal information, such as account (Bureau); Federal Deposit Insurance www.federalreserve.gov. Follow the numbers or social security numbers, Corporation (FDIC); Federal Housing instructions for submitting comments at should not be included. Comments will Finance Agency (FHFA); National http://www.federalreserve.gov/ not be edited to remove any identifying Credit Union Administration (NCUA); generalinfo/foia/ProposedRegs.cfm. or contact information. and Office of the Comptroller of the • Federal eRulemaking Portal: http:// FDIC: You may submit comments by Currency, Treasury (OCC). www.regulations.gov. Follow the any of the following methods: ACTION: Proposed rule; request for instructions for submitting comments. • Federal eRulemaking Portal: http:// public comment. • Email: www.regulations.gov. Follow the instructions for submitting comments. SUMMARY: The Board, Bureau, FDIC, [email protected]. • Include the docket number in the Agency Web site: http:// FHFA, NCUA, and OCC (collectively, www.FDIC.gov/regulations/laws/ the Agencies) are proposing to amend subject line of the message. • Fax: (202) 452–3819 or (202) 452– federal/propose.html. Regulation Z, which implements the • Mail: Robert E. Feldman, Executive 3102. Truth in Lending Act (TILA), and the Secretary, Attention: Comments/Legal • Mail: Address to Robert deV. official interpretation to the regulation. ESS, Federal Deposit Insurance Frierson, Secretary, Board of Governors This proposal relates to a final rule Corporation, 550 17th Street NW., of the Federal Reserve System, 20th issued by the Agencies on January 18, Washington, DC 20429. 2013 (2013 Interagency Appraisals Final Street and Constitution Avenue NW., • Hand Delivered/Courier: The guard Rule or Final Rule), which goes into Washington, DC 20551. station at the rear of the 550 17th Street effect on January 18, 2014. The Final All public comments will be made Building (located on F Street), on Rule implements a provision added to available on the Board’s Web site at business days between 7:00 a.m. and TILA by the Dodd-Frank Wall Street http://www.federalreserve.gov/ 5:00 p.m. Reform and Consumer Protection Act generalinfo/foia/ProposedRegs.cfm as • Email: [email protected]. (the Dodd-Frank Act or Act) requiring submitted, unless modified for technical Comments submitted must include appraisals for ‘‘higher-risk mortgages.’’ reasons. Accordingly, comments will ‘‘FDIC’’ and ‘‘Truth in Lending Act For certain mortgages with an annual not be edited to remove any identifying (Regulation Z).’’ Comments received percentage rate that exceeds the average or contact information. Public will be posted without change to prime offer rate by a specified comments may also be viewed http://www.FDIC.gov/regulations/laws/ percentage, the Final Rule requires electronically or in paper in Room MP– federal/propose.html, including any creditors to obtain an appraisal or 500 of the Board’s Martin Building (20th personal information provided. appraisals meeting certain specified and C Streets NW., Washington, DC FHFA: You may submit your standards, provide applicants with a 20551) between 9:00 a.m. and 5:00 p.m. comments, identified by regulatory notification regarding the use of the on weekdays. information number (RIN) 2590–AA58, appraisals, and give applicants a copy of Bureau: You may submit comments, by any of the following methods: the written appraisals used. The identified by Docket No. CFPB–2013– • Email: Comments to Alfred M. Agencies are proposing amendments to 0020 or RIN 3170–AA11, by any of the Pollard, General Counsel, may be sent the Final Rule implementing these following methods: by email to [email protected]. VerDate Mar<15>2010 18:08 Aug 07, 2013 Jkt 229001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\08AUP2.SGM 08AUP2 mstockstill on DSK4VPTVN1PROD with PROPOSALS2 Federal Register / Vol. 78, No. 153 / Thursday, August 8, 2013 / Proposed Rules 48549 Please include ‘‘RIN 2590–AA58’’ in the • Hand Delivery/Courier in Lieu of you consider confidential or subject line of the message. Mail: Same as mail address. inappropriate for public disclosure. • Federal eRulemaking Portal: http:// You can view all public comments on You may review comments and other www.regulations.gov. Follow the NCUA’s Web site at http:// related materials that pertain to this instructions for submitting comments. If www.ncua.gov/Legal/Regs/Pages/ rulemaking action by any of the you submit your comment to the PropRegs.aspx as submitted, except for following methods: Federal eRulemaking Portal, please also those we cannot post for technical • Viewing Comments Electronically: send it by email to FHFA at reasons. NCUA will not edit or remove Go to http://www.regulations.gov. Enter [email protected] to ensure any identifying or contact information ‘‘Docket ID OCC–2013–0009’’ in the timely receipt by the Agency. Please from the public comments submitted. Search box and click ‘‘Search.’’ include ‘‘RIN 2590–AA58’’ in the You may inspect paper copies of Comments can be filtered by Agency subject line of the message. comments in NCUA’s law library at using the filtering tools on the left side • Hand Delivered/Courier: The hand 1775 Duke Street, Alexandria, Virginia of the screen. delivery address is: Alfred M. Pollard, 22314, by appointment weekdays • Click on the ‘‘Help’’ tab on the General Counsel, Attention: Comments/ between 9:00 a.m. and 3:00 p.m. To Regulations.gov home page to get RIN 2590–AA58, Federal Housing make an appointment, call (703) 518– information on using Regulations.gov, Finance Agency, Eighth Floor, 400 6546 or send an email to including instructions for viewing Seventh Street SW., Washington, DC [email protected]. public comments, viewing other 20024. The package should be logged in OCC: Because paper mail in the supporting and related materials, and at the Guard Desk, First Floor, on Washington, DC area and at the OCC is viewing the docket after the close of the subject to delay, commenters are comment period. business days between 9 a.m. and 5 p.m. • • U.S. Mail, United Parcel Service, encouraged to submit comments by the Viewing Comments Personally: You Federal Express, or Other Mail Service: Federal eRulemaking Portal or email, if may personally inspect and photocopy The mailing address for comments is: possible. Please use the title ‘‘Appraisals comments
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