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View ICR - OIRA Conclusion

OMB Control No: 3064-0103	ICR Reference No: 202409-3064-001
Status: Active	Previous ICR Reference No: 202403-3064-004
Agency/Subagency: FDIC	Agency Tracking No:
Title: Recordkeeping Requirements Associated with Real Estate Appraisals and Evaluations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/04/2024
	Date Received in OIRA: 09/12/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2027	36 Months From Approved	08/31/2027
Responses	771,479	0	759,500
Time Burden (Hours)	169,419	0	63,039
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	771,479	759,500	37,479	-25,500
Annual Time Burden (Hours)	169,419	63,039	108,497	-2,117
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (the banking agencies), together with the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) are revising their real estate appraisals and evaluations information collections to account for these new regulation and revised Reconsideration of Value guidelines (the ROV Guidelines). The banking agencies are updating and aligning their information collections with respect to the burden associated with the Interagency Appraisal and Evaluation Guidelines to include the new recordkeeping requirements imposed by this Final Rule and suggested by the ROV Guidelines.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Manuel Cabeza 202 898-3781 mcabeza@fdic.gov

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