Notice2022-08556
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request [OMB No. 3064-0152; -0190]
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 22, 2022
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0152 and--0190). The notice of the proposed renewal for these information collections was previously published in the Federal Register on February 9, 2022, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 87 Issue 78 (Friday, April 22, 2022)</title>
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[Federal Register Volume 87, Number 78 (Friday, April 22, 2022)]
[Notices]
[Pages 24161-24162]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-08556]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request [OMB No. 3064-0152; -0190]
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Agency Information Collection Activities: Submission for OMB
Review; Comment Request.
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SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995, invites the general public and other Federal
agencies to take this opportunity to comment on the request to renew
the existing information collections described below (OMB Control No.
3064-0152 and--0190). The notice of the proposed renewal for these
information collections was previously published in the Federal
Register on February 9, 2022, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before May 23, 2022.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#6704080a0a020913142701030e0449000811"><span class="__cf_email__" data-cfemail="b1d2dedcdcd4dfc5c2f1d7d5d8d29fd6dec7">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F Street
NW), on business days between 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#49242a282b2c3328092f2d202a672e263f"><span class="__cf_email__" data-cfemail="b0ddd3d1d2d5cad1f0d6d4d9d39ed7dfc6">[email protected]</span></a>, MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collections of
information:
1. Title: ID Theft Red Flags.
OMB Number: 3064-0152.
Form Number: None.
Affected Public: Insured state nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0152]
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Number of
Type of burden (obligation Number of responses Hours per Annual
Information collection description to respond) Frequency of response respondents per response burden
respondent (hours)
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FACT Act Section 114: Identity Theft Prevention
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Program Establishment 12 CFR 334.90(d); Recordkeeping (Mandatory).. Annual...................... 8 1 40 320
12 CFR 334.91(c).
Program Operations 12 CFR 334.90(c), (e); Recordkeeping (Mandatory).. Annual...................... 3,171 1 16 50,832
12 CFR 334.91(c).
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Section 114 Hours Subtotal........... ........................... ............................ ........... ........... ........... 51,152
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FACT Act Section 315: Address Discrepancy Program
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Program Establishment 12 CFR 334.82(c), Recordkeeping (Mandatory).. Annual...................... 8 1 40 320
(d).
Program Operations 12 CFR 334.82(c), (d). Recordkeeping (Mandatory).. Annual...................... 3,111 1 4 12,444
Specific Incident Responses 12 CFR Disclosures (Mandatory).... On occasion................. 3,111 17.1 0.1667 8,868
334.82(d)(1-3).
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Section 315 Hours Subtotal........... ........................... ............................ ........... ........... ........... 21,632
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Total Annual Burden (Hours)...... ........................... ............................ ........... ........... ........... 72,784
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Source: FDIC.
General Description of Collection: The regulation containing this
information collection requirement is 12 CFR part 334, which implements
sections 114 and 315 of the Fair and Accurate Credit Transactions Act
of 2003 (FACT Act), Public Law 108-159 (2003). FACT Act Section 114:
Section 114 requires the Board of Governors of the Federal Reserve
System, the Office of the Comptroller of the Currency and the FDIC (the
Agencies) to jointly propose guidelines for financial institutions and
creditors identifying patterns, practices, and specific forms of
activity that indicate the possible existence of identity theft. In
addition, each financial institution and creditor is required to
establish reasonable policies and procedures to address the risk of
identity theft that incorporate the guidelines. Credit card and debit
card issuers must develop policies and procedures to assess the
validity of a request for a change of address under certain
circumstances. The information collections pursuant to section 114
require each financial institution and creditor to create an Identity
Theft Prevention Program and report to the board of directors, a
committee thereof, or senior management at least annually on compliance
with the proposed regulations. In addition, staff must be trained to
carry out the program. Each credit and debit card issuer is required to
establish policies and procedures to assess the validity of a change of
address request. The card issuer must notify the cardholder or use
another means to assess the validity of the change of address. FACT Act
Section 315: Section 315 requires the Agencies to issue regulations
providing guidance regarding reasonable policies and procedures that a
user of consumer reports must employ when such a user receives a notice
of address discrepancy from a consumer reporting agencies. Part 334
provides such guidance. Each user of consumer reports must develop
reasonable policies and procedures that it will follow when it receives
a notice of address discrepancy from a consumer
[[Page 24162]]
reporting agency. A user of consumer reports must furnish an address
that the user has reasonably confirmed to be accurate to the consumer
reporting agency from which it receives a notice of address
discrepancy.
There is no change in the method or substance of the information
collection. The total estimated annual burden hours have increased due
to the inclusion of estimated program establishment costs for de novo
institutions and the introduction of the costs of responses to specific
address discrepancy incidents for newly established consumer accounts.
2. Title: Interagency Appraisal Complaint Form.
OMB Number: 3064-0190.
Form Numbers: None.
Affected Public: Individuals, financial institutions and other
private sector entities.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0190]
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Number of
Type of burden (obligation Number of responses Hours per Annual
Information collection description to respond) Frequency of response respondents per response burden
respondent (hours)
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Interagency Appraisal Complaint Form..... Reporting (Voluntary)...... On Occasion................. 116 1 0.5 58
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Source: FDIC.
General Description of Collection: As provided in section 1473(p)
of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act), on January 12, 2011, the Appraisal Subcommittee (ASC), of
the Federal Financial Institutions Examination Council (FFIEC)
determined that no national hotline existed to receive complaints of
noncompliance with appraisal standards. A notice of that determination
was published in the Federal Register on January 28, 2011 (76 FR 5161).
As required by the Dodd-Frank Act, the ASC established a hotline to
refer complaints to appropriate state and Federal regulators. For those
instances where the ASC determines the FDIC, OCC, FRB, or NCUA is the
appropriate regulator, the agencies developed the Interagency Appraisal
Complaint Form as a means to efficiently collect necessary information.
The Interagency Appraisal Complaint Form is designed to collect
information necessary for one or more agencies to take further action
on a complaint from an appraiser, other individual, financial
institution, or other entities. The FDIC will use the information to
take further action on the complaint to the extent it relates to an
issue within its jurisdiction.
There is no change in the method or substance of the collection.
The overall increase in burden hours (from 20 hours to 58 hours) is the
result of a change in the agency's estimate of the number of annual
responses based on a review of the actual number of complaints received
over the last five years. In particular, the estimated number of
respondents has increased from 40 to 116 while the estimated time per
response and the frequency of response have remained the same.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 18, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-08556 Filed 4-21-22; 8:45 am]
BILLING CODE 6714-01-P
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