Notice2023-09533
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
May 5, 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
<html>
<head>
<title>Federal Register, Volume 88 Issue 87 (Friday, May 5, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 87 (Friday, May 5, 2023)]
[Notices]
[Page 29167]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-09533]
=======================================================================
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
SUMMARY: 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.
DATES: Written comments should be received on or before July 5, 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#a1f1f3e0e2ceccccc4cfd5d2e1efe2f4e08fc6ced7"><span class="__cf_email__" data-cfemail="c494968587aba9a9a1aab0b7848a879185eaa3abb2">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0135.
Title: Authorization Agreement for Electronic Funds Transfers
Payments.
Type of Review: Extension of a previously approved collection.
Abstract: NCUA is required under the Debt Collection Improvement
Act of 1996 to issue payments to credit unions electronically. NCUA
needs information to maintain up-to-date and accurate electronic
payment data for new and existing credit unions. NCUA used the
information on the Authorization Agreement for Electronic Funds
Transfer Payments form to update their electronic routing and transit
database to enable transmittal of funds and payments.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 25.
OMB Number: 3133-0151.
Type of Review: Extension of a previously approved collection.
Title: Leasing--12 CFR part 714.
Abstract: NCUA requires the financially responsible party to
guarantee the excess when the residual value of a lease will exceed
twenty-five percent of the original cost of the leased property. The
federal credit union must obtain and have on file financial
documentation demonstrating that the guarantor has the resources to
meet the guarantee. If a manufacturer is involved, the federal credit
union must review financial statements for the period that would
establish a reasonable financial trend. If an insurance company is
involved, it must have a major company rating of at least a B plus. The
federal credit union will use the information as part of the risk
assessment process to analyze and evaluate the financial capabilities
and resources of a party that guarantees the residual value used in a
leasing arrangement.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 830.
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. 2023-09533 Filed 5-4-23; 8:45 am]
BILLING CODE 7535-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 5, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.