Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 7100-0199	ICR Reference No: 201007-7100-004
Status: Historical Active	Previous ICR Reference No: 201006-7100-007
Agency/Subagency: FRS	Agency Tracking No: Reg Z (R-1378)
Title: Reporting, Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending) and Section 227.28 of Regulation AA (Unfair or Deceptive Acts or Practices (UDAP))
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/15/2010
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/15/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	08/31/2012	08/31/2012
Responses	8,745,846	0	8,744,962
Time Burden (Hours)	1,497,362	0	1,488,114
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	8,745,846	8,744,962	884
Annual Time Burden (Hours)	1,497,362	1,488,114	9,248
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: On November 20, 2009, an interim final rulemaking (IFRM) was published in the Federal Register for public comment to amend Regulation Z, which implements the Truth in Lending Act (TILA), in order to implement Section 131(g) of TILA, which was enacted on May 20, 2009, as Section 404(a) of the Helping Families Save Their Homes Act. TILA Section 131(g) became effective immediately upon enactment and established a new requirement for notifying consumers of the sale or transfer of their mortgage loans. The purchaser or assignee that acquires the loan must provide the required disclosures in writing no later than 30 days after the date on which the loan is sold or otherwise transferred or assigned. The comment period expired January 19, 2010. The Board received 35 comments; however, no comments specifically addressed the proposed paperwork burden estimates. On September 24, 2010, a notice of final rulemaking was published in the Federal Register adopting the amendments largely as proposed, with mandatory compliance by January 1, 2011 (75 FR 58489).