Financial Crimes Enforcement Network; Provision of Banking Services to Money Services Businesses, 27980 [E6-7327]

Download as PDF 27980 Federal Register / Vol. 71, No. 93 / Monday, May 15, 2006 / Proposed Rules beginning farmer downpayment program or a qualified State Beginning Farmer Program. * * * * * 3. Amend § 762.140 by adding a new paragraph (e) as follows: DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506–AA85 § 762.140 General servicing responsibilities. Financial Crimes Enforcement Network; Provision of Banking Services to Money Services Businesses * AGENCY: dsatterwhite on PROD1PC76 with PROPOSALS * * * * (e) Continuation fee. For lines of credit with a year or more remaining on their term that will be continued, the lender will remit a continuation fee to FSA as follows: (1) The fee will be due on the anniversary date of the issuance of the guarantee on a line of credit. Fees will be accepted within 60 days of the anniversary date. Any fee received after 60 days but within 90 days of the anniversary date may be accepted by FSA provided the lender has documented that circumstances existed that were beyond their control to be able to remit the fee in a timely manner. If the annual fee is not received within this time, all advances made after the anniversary date will not be covered by the guarantee. (2) The fee amount will be established by the Agency at the time the guarantee is obligated. (3) Fees are nonrefundable and are paid to the Agency by the lender. The fee may be passed on to the borrower and included in loan funds. (4) The continuation fee will be calculated as follows: Fee = Line of Credit Ceiling Amount × % guaranteed × (continuation factor established by FSA). The current fee schedule is available at any FSA office and will be published periodically as a Notice in the Federal Register. The continuation fee may be adjusted annually based on factors which affect program costs. (5) Loans with interest assistance or loans to beginning farmers or ranchers in the direct beginning farmer downpayment program or a qualified State Beginning Farmer Program will not be charged an annual continuation fee. Signed at Washington, DC, on April 24, 2006. Teresa Lasseter, Administrator, Farm Service Agency. [FR Doc. E6–7326 Filed 5–12–06; 8:45 am] BILLING CODE 3410–05–P VerDate Aug<31>2005 21:41 May 12, 2006 Jkt 208001 Financial Crimes Enforcement Network, Department of the Treasury. ACTION: Advance notice of proposed rulemaking; extension of comment period. SUMMARY: The Financial Crimes Enforcement Network (‘‘FinCEN’’) is extending the comment period for the referenced advance notice of proposed rulemaking, 71 FR 12308 (March 10, 2006), for an additional sixty (60) days. The original comment period would have expired on May 9, 2006. The new extended comment period will expire on July 10, 2006. DATES: Comments must be submitted on or before July 10, 2006. ADDRESSES: You may submit comments, identified by RIN 1506–AA85, by any of the following methods: • Federal e-rulemaking portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regcomments@fincen.treas.gov. Include RIN 1506–AA85 in the subject line of the message. • Mail: FinCEN, P.O. Box 39, Vienna, VA 22183. Include RIN 1506–AA85 in the body of the text. Instructions: It is preferable for comments to be submitted by electronic mail because paper mail in the Washington, DC area may be delayed. Please submit comments by one method only. All submissions received must include the agency name and the Regulatory Information Number (RIN) for this rulemaking. All comments received will be posted without change to https://www.fincen.gov, including any personal information provided. Comments may be inspected at FinCEN between 10 a.m. and 4 p.m. in the FinCEN reading room in Washington, DC. Persons wishing to inspect the comments submitted must request an appointment by telephoning (202) 354– 6400 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs Division, FinCEN on (800) 949–2732 (toll-free). SUPPLEMENTARY INFORMATION: FinCEN issued an advance notice of proposed rulemaking (71 FR 12308) on March 10, 2006 in order to solicit further PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 information as part of our ongoing effort to address, in the context of the Bank Secrecy Act, the issue of access to banking services by money services businesses. We have received a number of comments to date, including a request to extend the deadline for comments in order to allow interested parties more time in which to comment on the specific issues raised in the advance notice. In light of the fact that an extension of time will not impede any imminent rulemaking and will allow additional interested parties to respond to the issues raised in the advance notice, we have determined that it is appropriate to extend the comment period until July 10, 2006. Dated: May 9, 2006. Robert W. Werner, Director, Financial Crimes Enforcement Network. [FR Doc. E6–7327 Filed 5–12–06; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF EDUCATION 34 CFR Part 76 RIN 1890–AA13 State-Administered Programs Department of Education. Notice of proposed rulemaking; correction. AGENCY: ACTION: SUMMARY: On April 27, 2006, we published a notice of proposed rulemaking for State-Administered Programs (NPRM) in the Federal Register (71 FR 24824). In the NPRM, we inadvertently included the incorrect OMB Control number for the Department’s electronic EDFacts Data Management System. This notice corrects that error as follows: On page 24824, column three, second to last sentence in the SUMMARY section, replace ‘‘1880–0541’’ with ‘‘1875– 0240.’’ FOR FURTHER INFORMATION CONTACT: Bonny Long, U.S. Department of Education, 400 Maryland Avenue, SW., room 7C110, Washington, DC 20202. Telephone: (202) 401–0325 or via Internet: Bonny.Long@ed.gov. If you use a telecommunications device for the deaf (TDD), you may call the Federal Relay Service (FRS) at 1– 800–877–8339. Individuals with disabilities may obtain this document in an alternative format (e.g., Braille, large print, audiotape, or computer diskette) on request to the contact person listed in this section. E:\FR\FM\15MYP1.SGM 15MYP1

Agencies

[Federal Register Volume 71, Number 93 (Monday, May 15, 2006)]
[Proposed Rules]
[Page 27980]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-7327]


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DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506-AA85


Financial Crimes Enforcement Network; Provision of Banking 
Services to Money Services Businesses

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Advance notice of proposed rulemaking; extension of comment 
period.

-----------------------------------------------------------------------

SUMMARY: The Financial Crimes Enforcement Network (``FinCEN'') is 
extending the comment period for the referenced advance notice of 
proposed rulemaking, 71 FR 12308 (March 10, 2006), for an additional 
sixty (60) days. The original comment period would have expired on May 
9, 2006. The new extended comment period will expire on July 10, 2006.

DATES: Comments must be submitted on or before July 10, 2006.

ADDRESSES: You may submit comments, identified by RIN 1506-AA85, by any 
of the following methods:
     Federal e-rulemaking portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regcomments@fincen.treas.gov. Include RIN 1506-
AA85 in the subject line of the message.
     Mail: FinCEN, P.O. Box 39, Vienna, VA 22183. Include RIN 
1506-AA85 in the body of the text.
    Instructions: It is preferable for comments to be submitted by 
electronic mail because paper mail in the Washington, DC area may be 
delayed. Please submit comments by one method only. All submissions 
received must include the agency name and the Regulatory Information 
Number (RIN) for this rulemaking. All comments received will be posted 
without change to https://www.fincen.gov, including any personal 
information provided. Comments may be inspected at FinCEN between 10 
a.m. and 4 p.m. in the FinCEN reading room in Washington, DC. Persons 
wishing to inspect the comments submitted must request an appointment 
by telephoning (202) 354-6400 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs 
Division, FinCEN on (800) 949-2732 (toll-free).

SUPPLEMENTARY INFORMATION: FinCEN issued an advance notice of proposed 
rulemaking (71 FR 12308) on March 10, 2006 in order to solicit further 
information as part of our ongoing effort to address, in the context of 
the Bank Secrecy Act, the issue of access to banking services by money 
services businesses. We have received a number of comments to date, 
including a request to extend the deadline for comments in order to 
allow interested parties more time in which to comment on the specific 
issues raised in the advance notice.
    In light of the fact that an extension of time will not impede any 
imminent rulemaking and will allow additional interested parties to 
respond to the issues raised in the advance notice, we have determined 
that it is appropriate to extend the comment period until July 10, 
2006.

    Dated: May 9, 2006.
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
[FR Doc. E6-7327 Filed 5-12-06; 8:45 am]
BILLING CODE 4810-02-P
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