Notice2025-07160
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
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 25, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0152; -0190 and -0207).
Full Text
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<title>Federal Register, Volume 90 Issue 79 (Friday, April 25, 2025)</title>
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[Federal Register Volume 90, Number 79 (Friday, April 25, 2025)]
[Notices]
[Pages 17433-17435]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-07160]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0152; -0190; -0207]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collections described below (OMB Control No.
3064-0152; -0190 and -0207).
DATES: Comments must be submitted on or before June 24, 2025.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#73101c1e1e161d07003315171a105d141c05"><span class="__cf_email__" data-cfemail="e4878b8989818a9097a482808d87ca838b92">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F Street
NW), on business days between 7 a.m. and 5 p.m.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#afc2cccecdcad5ceefc9cbc6cc81c8c0d9"><span class="__cf_email__" data-cfemail="4b26282a292e312a0b2d2f2228652c243d">[email protected]</span></a>, MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
1. Title: ID Theft Red Flags.
OMB Number: 3064-0152.
Form Number: None.
Affected Public: Insured State nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0152)
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Type of burden Number of Average time Annual
Information collection (IC) (frequency of Number of responses per per response burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Program Establishment 12 CFR Recordkeeping (On 8 1 40:00 320
334.90(d); 12 CFR 334.91(c) occasion).
(Mandatory).
2. Program Operations 12 CFR Recordkeeping 2,854 1 16:00 45,664
334.90(c),(e); 12 CFR 334.91(c) (Annual).
(Mandatory).
3. Program Establishment 12 CFR Recordkeeping (On 8 1 40:00 320
1022.82(c),(d) (Mandatory). occasion).
4. Program Operations 12 CFR Recordkeeping 2,795 1 04:00 11,180
1022.82(c), (d) (Mandatory). (Annual).
5. Specific Incident Responses 12 Disclosure (On 2,795 16 00:10 7,453
CFR 1022.82(d)(1)-(3) (Mandatory). occasion).
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Total Annual Burden (Hours)... ..................... ........... .............. .............. 64,937
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Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
number of responses and the estimated time per response for a given IC. The estimated annual number of
responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
burdens in the table are consistent with the values recorded in OMB's consolidated information system.
General Description of Collection: The regulation containing this
information collection requirement is 12 CFR part 334, which implements
sections 114 and 315 of the Fair and Accurate Credit Transactions Act
of 2003 (FACT Act), Public Law 108-159 (2003). FACT Act Section 114:
Section 114 requires the Board of Governors of the Federal Reserve
System, the Office of the Comptroller of the Currency, and the FDIC
(the Agencies) to jointly propose guidelines for financial institutions
and creditors identifying patterns, practices, and specific forms of
activity that indicate the possible existence of identity theft. In
addition, each financial institution and creditor is required to
establish reasonable policies and procedures to address the risk of
identity theft that incorporate the guidelines. Credit card and debit
card issuers must develop policies and procedures to assess the
validity of a request for a change of address under certain
circumstances. The information collections pursuant to section 114
require each financial institution and creditor to create an Identity
Theft Prevention Program and report to the board of directors, a
committee thereof, or senior management at least annually on compliance
with the proposed regulations. In addition, staff must be trained to
carry out the program. Each credit and debit card issuer is required to
establish policies and procedures to assess the validity of a change of
address request. The card issuer must notify the cardholder or use
another means to assess the validity of the change of address. FACT Act
Section 315: Section 315 requires the Agencies to issue regulations
providing guidance regarding reasonable policies and procedures that a
user of consumer reports must employ when such a user receives a notice
of address discrepancy from a consumer reporting agency. Part 334
provides such guidance. Each user of consumer reports must develop
reasonable policies and procedures that it will follow when it receives
a notice of address discrepancy from a consumer reporting agency. A
user of consumer reports must furnish an address that the user has
reasonably confirmed to be accurate to the consumer reporting agency
from which it receives a notice of address discrepancy. There is no
[[Page 17434]]
change in the methodology or substance of this information collection.
The 7,847 decrease in total estimated annual burden from 72,784 hours
in 2022 to 64,937 hours currently is due to a decrease in the estimated
number of respondents and a reduction in the estimated number of
responses per respondent.
2. Title: Loans in Areas Having Special Flood Hazards.
OMB Number: 3064-0207.
Form Number: None.
Affected Public: Private sector.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0207)
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Type of burden Number of Average time Annual
Information collection (IC) (frequency of Number of responses per per response burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Private flood insurance, 12 CFR Recordkeeping (On 2,825 2 00:30 2,825
339.3(c)(3)(iv) and (c)(4)(iv) Occasion).
(Mandatory).
2. Standard flood hazard Recordkeeping (On 2,825 296 00:025 34,842
determination form, 12 CFR Occasion).
339.6(b) (Mandatory).
3. Record of receipt of notice of Recordkeeping (On 2,825 37 00:15 26,131
special flood hazards and Occasion).
availability of Federal disaster
relief assistance, 12 CFR
339.9(d) (Mandatory).
4. Notice of requirement to escrow Disclosure (On 494 62 00:05 2,552
flood insurance payments and Occasion).
fees, 12 CFR 339.5(b) (Mandatory).
5. Change in status, 12 CFR Disclosure (On 29 1 40:00 1,160
339.5(c)(2) (Mandatory). Occasion).
6. Notice of option to escrow Disclosure (On 29 17 00:05 41
flood insurance payments and Occasion).
fees, 12 CFR 339.5(d)(2)
(Mandatory).
7. Notice to borrower to obtain or Disclosure (On 2,825 10 00:05 2,354
increase flood insurance Occasion).
coverage, 12 CFR 339.7(a)
(Mandatory).
8. Notification to terminate flood Disclosure (On 2,825 1 00:15 706
insurance purchased on behalf of Occasion).
a borrower, 12 CFR 339.7(b)(1)(i)
(Mandatory).
9. Notice of special flood hazards Disclosure (On 2,825 37 00:15 26,131
and availability of Federal Occasion).
disaster relief assistance, 12
CFR 339.9(a) (Mandatory).
10. Notice to Administrator of Disclosure (On 2,825 19 00:05 4,473
FEMA of the loan servicer's Occasion).
identity, 12 CFR 339.10(a)
(Mandatory).
11. Notice to the Administrator of Disclosure (On 2,825 19 00:05 4,473
FEMA of a change in the loan Occasion).
servicer, 12 CFR 339.10(b)
(Mandatory).
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Total Annual Burden (Hours)... ..................... ........... .............. .............. 105,688
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Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
number of responses and the estimated time per response for a given IC. The estimated annual number of
responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
burdens in the table are consistent with the values recorded in OMB's consolidated information system.
General Description of Collection: Each supervised lending
institution is required to provide a notice of special flood hazards to
a borrower acquiring a loan secured by a building on real property
located in an area identified by FEMA as subject to special flood
hazards, and various other notices to borrowers, servicers, and FEMA.
The Riegle Community Development Act requires that each institution
also provide a copy of the notice to the servicer of the loan (if
different from the originating lender). Section 100239 of the Biggert-
Waters Flood Insurance Reform Act of 2012 requires each Federal banking
agency (including the FDIC), and the Farm Credit Administration, to
adopt implementing regulations to direct regulated lending institutions
to accept ``private flood insurance,'' as defined by the Biggert-Waters
Act. A lending institution would be required to implement policies and
procedures to comply with the Biggert-Waters Act provision and verify
in writing that a private insurance policy satisfies the criteria
included in the definition, or document findings that separate required
criteria have been met when accepting a private flood insurance policy
in satisfaction of the mandatory flood insurance purchase requirement
of the Flood Disaster Protection Act. The institution must also
maintain records to permit examination staff to ascertain how the
institution has met the requirements of the regulation. There is no
change in the methodology or substance of this information collection.
The decrease in total estimated annual burden from 117,613 hours in
2022 to 105,688 hours currently is due to a decrease in the estimated
number of respondents.
3. Title: Certification of Compliance with Mandatory Bars to
Employment.
OMB Number: 3064-0190.
Form Number: 6910/10.
Affected Public: Individuals, financial institutions and other
private sector entities.
Burden Estimate:
[[Page 17435]]
Summary of Estimated Annual Burden (OMB No. 3064-0190)
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Type of burden Number of Time per Annual
Information collection (IC) (frequency of Number of responses per response burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
Interagency Appraisal Complaint Reporting (On 62 1 00:30 31
Form, 12 U.S.C. 3351 (Voluntary). Occasion).
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Total Annual Burden (Hours)... ..................... ........... .............. .............. 31
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Source: FDIC.
General Description of Collection: The Interagency Appraisal
Complaint Form is designed to collect information necessary for one or
more agencies to take further action on a complaint from an appraiser,
other individual, financial institution, or other entities. The FDIC
will use the information to take further action on the complaint to the
extent it relates to an issue within its jurisdiction. There is no
change in the methodology or substance of this information collection.
The decrease in total estimated annual burden from 58 hours in 2022 to
31 hours currently is due to a decrease in the estimated number of
respondents.
Request for Comment
Comments are invited on (a) whether the collections of information
are necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collections,
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 collections of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 22, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-07160 Filed 4-24-25; 8:45 am]
BILLING CODE 6714-01-P
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