16 Jul 2025
🏠DOL Information Collection on Employee Benefit Plans and Mortgages
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1988-59, Residential Mortgage Financing Arrangements Involving Employee Benefit Plans
Summary
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Agencies
- Labor Department
Business Impact
$$ - Med
The document discusses an information collection request related to Prohibited Transaction Class Exemption 1988-59, which affects employee benefit plans engaged in residential mortgage financing. Businesses must comply with documentation and reporting requirements, impacting their administrative processes and potentially incurring costs.