Notice2023-12117
Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
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
June 7, 2023
Issuing agencies
National Credit Union Administration
Abstract
As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following extensions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
Full Text
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<title>Federal Register, Volume 88 Issue 109 (Wednesday, June 7, 2023)</title>
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[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Pages 37290-37291]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-12117]
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NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collection of a Previously Approved
Collection; Request for Comments
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice of submission to the Office of Management and Budget.
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[[Page 37291]]
SUMMARY: As required by the Paperwork Reduction Act of 1995, The
National Credit Union Administration (NCUA) is submitting the following
extensions of currently approved collections to the Office of
Management and Budget (OMB) for renewal.
DATES: Written comments should be received on or before July 7, 2023 to
be assured consideration.
ADDRESSES: 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: Copies of the submission may be
obtained by contacting Mahala Vixamar at (703) 718-1155, emailing
<a href="/cdn-cgi/l/email-protection#59090b181a3634343c372d2a19373a2c38773e362f"><span class="__cf_email__" data-cfemail="c9999b888aa6a4a4aca7bdba89a7aabca8e7aea6bf">[email protected]</span></a>, or viewing the entire information collection
request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0033.
Title: Security Program, 12 CFR 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: 3,039,328.
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: 26.7.
Request for Comments: NCUA published a notice requesting comments
on renewal of those information collections under 88 FR 23691 and
comments were not received. NCUA requests that comments on this
collection to the location listed in the ADDRESSES section. The public
is invited to submit comments concerning: (a) whether the collection of
information is necessary for the proper execution 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. 2023-12117 Filed 6-6-23; 8:45 am]
BILLING CODE 7535-01-P
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