📝OCC Seeks Comments on Appraisal Complaint Form Renewal
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Appraisal Complaint Form
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Interagency Appraisal Complaint Form." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The text discusses the renewal of an information collection by the OCC concerning the Interagency Appraisal Complaint Form, which affects businesses' compliance with appraisal independence standards. Business owners must be aware of the regulatory requirements and potential reporting burdens involved, as failure to comply could lead to legal repercussions or increased scrutiny.