Notice2025-14297
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
July 29, 2025
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
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<title>Federal Register, Volume 90 Issue 143 (Tuesday, July 29, 2025)</title>
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[Federal Register Volume 90, Number 143 (Tuesday, July 29, 2025)]
[Notices]
[Pages 35736-35737]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14297]
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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.
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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 September 29,
2025 to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Dacia Rogers, National Credit Union
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite
6043; Fax No. (703) 519-8161; or email at <a href="/cdn-cgi/l/email-protection#21717360624e4c4c444f5552616f6274600f464e57"><span class="__cf_email__" data-cfemail="0e5e5c4f4d6163636b607a7d4e404d5b4f20696178">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dacia Rogers at (703) 518-6547.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0125.
Title: Appraisals, 12 CFR part 722.
Type of Review: Extension of a previously approved collection.
Abstract: Title XI of the Financial Institutions, Reform, Recovery
and Enforcement Act of 1989 (FIRREA) was enacted to protect federal
financial and public policy interests in real estate related
transactions. To achieve this purpose, the statute directed the NCUA to
adopt standards for the performance of real estate appraisals in
connection with federally related transactions. FIRREA requires that
appraisals be maintained in writing and meet certain minimum standards.
NCUA's regulation Part 722 carries out the statutory requirements. The
information collection activity requires a credit union to obtain a
written appraisal on federally related transactions or
[[Page 35737]]
maintain written support of the estimated market value for transactions
not required to have an appraisal. The use of their information by
credit unions and NCUA helps ensure that federally insured credit
unions are not exposed to risk of loss from inadequate appraisals.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 215,621.
OMB Number: 3133-0129.
Title: Corporate Credit Unions, 12 CFR part 704.
Type of Review: Extension of a previously approved collection.
Abstract: Part 704 of NCUA's regulations established the regulatory
framework for corporate credit unions. This includes various reporting
and recordkeeping requirements as well as safety and soundness
standards. NCUA has established and regulates corporate credit unions
pursuant to its authority under sections 120, 201, and 209 of the
Federal Credit Union Act, 12 U.S.C. 1766(a), 1781, and 1789. The
collection of information is necessary to ensure that corporate credit
unions operate in a safe and sound manner by limiting risk to their
natural person credit union members and the National Credit Union Share
Insurance Fund.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 230.
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.
Ji Kwon,
Acting Secretary of the Board.
[FR Doc. 2025-14297 Filed 7-28-25; 8:45 am]
BILLING CODE 7535-01-P
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</html>Indexed from Federal Register on July 29, 2025.
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