Notice2023-08168
Renewal of Agency Information Collections for Comments Request: Proposed Collections
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 18, 2023
Issuing agencies
National Credit Union Administration
Abstract
The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Full Text
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<title>Federal Register, Volume 88 Issue 74 (Tuesday, April 18, 2023)</title>
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[Federal Register Volume 88, Number 74 (Tuesday, April 18, 2023)]
[Notices]
[Pages 23691-23692]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08168]
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NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collections for Comments Request:
Proposed Collections
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comments.
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SUMMARY: The National Credit Union Administration (NCUA) will submit
the
[[Page 23692]]
following information collection requests to the Office of Management
and Budget (OMB) for review and clearance in accordance with the
Paperwork Reduction Act of 1995, on or after the date of publication of
this notice.
DATES: Written comments should be received on or before June 20, 2023
to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Mahala Vixamar, National Credit Union
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite
5067; Fax No. 703-519-8579; or Email at <a href="/cdn-cgi/l/email-protection#e9b9bba8aa8684848c879d9aa9a7aabca8c78e869f"><span class="__cf_email__" data-cfemail="1d4d4f5c5e7270707873696e5d535e485c337a726b">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0033.
Title: Security Program, 12 CFR part 748.
Type of Review: Extension of a previously approved collection.
Abstract: In accordance with Title V of the Gramm-Leach-Bliley Act
(15 U.S.C. 6801 et seq.), as implemented by 12 CFR part 748, federally
insured credit unions (FICU) are required to develop and implement a
written security program to safeguard sensitive member information.
This information collection requires that such programs be designed to
respond to incidents of unauthorized access or use, in order to prevent
substantial harm or serious inconvenience to members.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 240,397.
OMB Number: 3133-0101.
Type of Review: Extension of a previously approved collection.
Title: 12 CFR part 723, Member Business Loans; Commercial Lending.
Abstract: As part of NCUA's Regulatory Modernization Initiative,
the NCUA Board amends its member business loan (MBL) rule (Part 723) to
provide federally insured credit unions with greater flexibility and
individual autonomy in safely and soundly providing commercial and
business loans to serve their members. The rule modernizes the
regulatory requirements that govern credit union commercial lending
activities by replacing the current rule's prescriptive requirement and
limitations with a broad principles-based regulatory approach.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3,656.
OMB Number: 3133-0103.
Type of Review: Extension of a previously approved collection.
Title: Recordkeeping and Disclosure Requirements Associated with
Regulations B, E, M, and CC.
Abstract: The third-party disclosure and recordkeeping requirements
in this collection are required by statute and regulation. The
regulations prescribe certain aspects of the credit application and
notification process, making certain disclosures, uniform methods for
computing the costs of credit, disclosing credit terms and cost,
resolving errors on certain types of credit accounts, and timing
requirements and disclosures relating to the availability of deposited
funds.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3,239,916.
OMB Number: 3133-0140.
Type of Review: Extension of a previously approved collection.
Title: Secondary Capital for Low-Income-Designated Credit Unions.
Abstract: Low-income-designated credit unions that offer secondary
capital accounts must adopt a written plan, send a copy of the plan to
their NCUA regional director, and have account contract documents and
disclosure forms.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 1,020.
OMB Number: 3133-0152.
Type of Review: Extension of a previously approved collection.
Title: Management Official Interlocks.
Abstract: NCUA requires this information collection to ensure
federally insured credit unions comply with NCUA's Management Official
Interlocks regulation at 12 CFR part 711, implementing the Depository
Institution Management Interlocks Act (``Interlocks Act'') (12 U.S.C.
3201-3208). The Interlocks Act generally prohibits financial
institution management officials from serving simultaneously with two
unaffiliated depository institutions or their holding companies. For
credit unions, the Interlocks Act restricts interlocks between credit
unions and other types of financial institutions. 12 U.S.C. 3204(3).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 6.
OMB Number: 3133-0196.
Type of Review: Extension of a previously approved collection.
Title: Contractor's Diversity Profile.
Abstract: In accordance with Section 342 of the Dodd-Frank Act,
each new contract award whose dollar value exceeds $100,000 will
include a Good Faith Effort (GFE) certification that a contractor
ensures the fair inclusion of women and minorities in the workforce of
the contractor and, as applicable, subcontractors. As part of this
compliance review, selected contractors will be sent a Contractor's
Diversity Profile to provide documentation outlined in the GFE
certification to NCUA.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 30.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget approval. All comments will become a matter of public
record. The public is invited to submit comments concerning: (a)
whether the collection of information is necessary for the proper
performance of the function of the agency, including whether the
information will have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information,
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
the information on the respondents, including the use of automated
collection techniques or other forms of information technology.
By the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-08168 Filed 4-17-23; 8:45 am]
BILLING CODE 7535-01-P
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