Notice2025-19734
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
October 31, 2025
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 and revisions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
Full Text
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<title>Federal Register, Volume 90 Issue 209 (Friday, October 31, 2025)</title>
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[Federal Register Volume 90, Number 209 (Friday, October 31, 2025)]
[Notices]
[Pages 48956-48957]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-19734]
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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 and revisions of currently approved collections to the
Office of Management and Budget (OMB) for renewal.
DATES: Written comments should be received on or before December 1,
2025 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 Dacia Rogers at (703) 518-6547, emailing
<a href="/cdn-cgi/l/email-protection#7b2b293a381416161e150f083b15180e1a551c140d"><span class="__cf_email__" data-cfemail="da8a889b99b5b7b7bfb4aea99ab4b9afbbf4bdb5ac">[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: 3133-0125.
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 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. New requirements are
related to an interagency rule on quality control standards mandated by
the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act) for the use of automated valuation models (AVMs) by mortgage
originators and secondary market issuers in determining the collateral
worth of a mortgage secured by a consumer's principal dwelling. Under
the proposal, the agencies would require institutions that engage in
certain credit decisions or securitization determinations to adopt
policies, practices, procedures, and control systems to ensure that
AVMs used in these transactions to determine the value of mortgage
collateral adhere to quality control standards designed to ensure a
high level of confidence in the estimates produced by AVMs; protect
against the manipulation of data; seek to avoid conflicts of interest;
require random sample testing and reviews; and comply with applicable
nondiscrimination laws.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 3,451.
Estimated Number of Responses per Respondent: Varies.
Estimated Total Annual Responses: 1,898,740.
Estimated Hours per Response: 11.
Estimated Total Annual Burden Hours: 215,621.
Reason for Change: The number of responses increased due to an
increase in real estate loans.
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 Number of Respondents: 11.
Estimated Number of Responses per Respondent: Varies.
[[Page 48957]]
Estimated Total Annual Responses: 241.
Estimated Hours per Response: 5.
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.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2025-19734 Filed 10-30-25; 8:45 am]
BILLING CODE 7535-01-P
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</html>Indexed from Federal Register on October 31, 2025.
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