📄OCC Notice on Asset Securitization Activities Information Collection
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Guidance on Asset Securitization Activities
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 Guidance on Asset Securitization." 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 notice indicates a requirement for businesses involved in asset securitization to maintain written policies and practices, which represents regulatory compliance obligations. These requirements impact financial institutions by mandating documentation and reporting measures, thus affecting operational costs and regulatory risk assessments.