2023-17047. Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
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AGENCY:
National Credit Union Administration (NCUA).
ACTION:
Notice of submission to the Office of Management and Budget.
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 www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Copies of the submission may be obtained by contacting Mahala Vixamar at (703) 718–1155, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY 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.
Start SignatureBy 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
Document Information
- Published:
- 08/09/2023
- Department:
- National Credit Union Administration
- Entry Type:
- Notice
- Action:
- Notice of submission to the Office of Management and Budget.
- Document Number:
- 2023-17047
- Dates:
- Written comments should be received on or before September 8, 2023 to be assured consideration.
- Pages:
- 53931-53931 (1 pages)
- PDF File:
- 2023-17047.pdf