Notice2023-17047
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
August 9, 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 152 (Wednesday, August 9, 2023)</title>
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[Federal Register Volume 88, Number 152 (Wednesday, August 9, 2023)]
[Notices]
[Page 53931]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-17047]
[[Page 53931]]
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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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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 September 8,
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#35656774765a5858505b4146755b5640541b525a43"><span class="__cf_email__" data-cfemail="78282a393b1715151d160c0b38161b0d19561f170e">[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: 3133-0134.
Title: Truth in Savings (TISA), 12 CFR part 707.
Type of Review: Extension of a previously approved collection.
Abstract: NCUA's TISA regulation requires credit unions to provide
specific disclosures when an account is opened, when a disclosed term
changes or a term account is close to renewal, on periodic statements
of account activity, in advertisements, and upon a member's or
potential member's request. Credit unions that provide periodic
statements are required to include information about fees imposed, the
annual percentage yield earned during those statement periods, and
other account terms. The requirements for creating and disseminating
account disclosures, change in terms notices, term share renewal
notices, statement disclosures, and advertising disclosures are
necessary to implement TISA's purpose of providing the public with
information that will permit informed comparisons of accounts at
depository institutions.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 336,919.
OMB Number: 3133-0166.
Type of Review: Extension of a previously approved collection.
Title: Home Mortgage Disclosure Act (HMDA), 12 CFR 1003 (Regulation
C).
Abstract: The collection of this data is required under the Home
Mortgage Disclosure Act. The information collection is intended to
provide the public with loan data that can be used to help determine
whether financial institutions are serving the housing needs of their
communities; to assist public officials in distributing public-sector
investments so as to attract private investment to areas where it is
needed; and to assist in identifying possible discriminatory lending
patterns and enforcing anti-discrimination statutes.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 145,886.
OMB Number: 3133-0167.
Type of Review: Extension of a previously approved collection.
Title: Foreign Branching, 12 CFR 741.11.
Abstract: This collection covers the additional information a
credit union must provide to establish a branch office outside the
United States (except for U.S. embassies and military installations).
The application must include (1) a business plan, (2) written approval
by the state supervisory agency if the applicant is a state-chartered
credit union, and (3) documentation evidencing written permission from
the host country to establish the branch that explicitly recognizes
NCUA's authority to examine and take any enforcement actions, including
conservatorship and liquidation actions.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 33.
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. 2023-17047 Filed 8-8-23; 8:45 am]
BILLING CODE 7535-01-P
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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.