Notice2023-14128
Submission from OMB Review; 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
July 5, 2023
Issuing agencies
National Credit Union Administration
Abstract
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Full Text
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<title>Federal Register, Volume 88 Issue 127 (Wednesday, July 5, 2023)</title>
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[Federal Register Volume 88, Number 127 (Wednesday, July 5, 2023)]
[Notices]
[Page 42968]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-14128]
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NATIONAL CREDIT UNION ADMINISTRATION
Submission from OMB Review; Request for Comments
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice of submission to the Office of Management and Budget.
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SUMMARY: The National Credit Union Administration (NCUA), as part of a
continuing effort to reduce paperwork and respondent burden, invites
the general public and other Federal agencies to comment on the
following extension of a currently approved collection, as required by
the Paperwork Reduction Act of 1995.
DATES: Written comments should be received on or before August 4, 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 703-518-6540, emailing
<a href="/cdn-cgi/l/email-protection#60303221230f0d0d050e1413200e0315014e070f16"><span class="__cf_email__" data-cfemail="c8989a898ba7a5a5ada6bcbb88a6abbda9e6afa7be">[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: 3133-0135.
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 No. of Respondents: 100.
Estimated No. of Responses per Respondent: 1.
Estimated Total Annual Responses: 100.
Estimated Burden Hours per Response: 0.25.
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 No. of Respondents: 83.
Estimated No. of Responses per Respondent: 5.
Estimated Total Annual Responses: 415.
Estimated Hours per Response: 2.
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. 2023-14128 Filed 7-3-23; 8:45 am]
BILLING CODE 7535-01-P
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</html>Indexed from Federal Register on July 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.