The credit risk retention recordkeeping and disclosure requirements are contained in proposed new Regulation RR, which would implement Section 15G of the Securities Exchange Act of 1934 (15 U.S.C. 78o-11), as added by Section 941(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act).
This is a new collection of information. After considering comments received on §_B.4 of the re-proposal relating to payment date calculations, the agencies determined that these provisions would not operate without significant risk of unintended consequences. As a result, these provisions were removed from the final rule.
$100,000
No
No
No
Yes
No
Uncollected
LuLu Cheng 202 551-3811
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Final PRA OMB Supporting Statement Credit Risk Retention.010715.pdf
?_D.18 - Underwriting Standards for Qualifying Autombile Loans: Recordkeeping