Proposed Collection; Comment Request for Form 13925, 66102-66103 [E8-26422]
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66102
Federal Register / Vol. 73, No. 216 / Thursday, November 6, 2008 / Notices
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Affirmative Election to Purchase and
Acknowledgment of Receipt of
Disclosures Required
Section 37.7 requires a bank to obtain
a customer’s written affirmative election
to purchase a contract and written
acknowledgment of receipt of the
disclosures required by § 37.6.
If the sale of the contract occurs by
telephone, the customer’s affirmative
election to purchase may be made
orally, and the requirement to obtain the
customer’s acknowledgment of receipt
of the required long form disclosures
may be waived, provided the bank takes
certain steps and maintains certain
documentation.
If the contract is solicited through
written materials such as mail inserts or
‘‘take one’’ applications and the bank
provides only the short form disclosures
in the written materials, then the bank
shall mail the acknowledgment, together
with the long form disclosures, to the
customer. The bank may not obligate the
customer to pay for the contract until
after the bank has received the
customer’s written acknowledgment of
receipt of disclosures unless the bank
takes certain steps and maintains certain
documentation.
The affirmative election and
acknowledgment may also be made
electronically.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Number of Respondents: 1,800.
Total Annual Responses: 1,800.
Frequency of Response: On occasion.
Total Annual Burden Hours: 43,200.
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless the information
collection displays a currently valid
OMB control number.
On August 26, 2008, the OCC
published a notice in the Federal
Register soliciting comments for 60 days
on this information collection (73 FR
50400). One comment was received
from an industry trade association. The
commenter stated that obtaining a
customer’s written affirmative election
to purchase a contract and written
acknowledgement of receipt of the
required disclosures is unnecessary and
adds to the cost of the product.
Addressing these issues would require
amending the current rule. Comments
continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
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(b) The accuracy of the agency’s
estimate of the burden of the collection
of information;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Dated: October 30, 2008.
Michele Meyer,
Assistant Director, Legislative & Regulatory
Activities Division.
[FR Doc. E8–26419 Filed 11–5–08; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 13925
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
13925, Notice of Election of and
Agreement To Special Lien Under
Internal Revenue Code section 6324A
and Regulations.
DATES: Written comments should be
received on or before January 5, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Joe Durbala, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
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Title: Notice of Election of and
Agreement To Special Lien Under
Internal Revenue Code section 6324A
and Regulations.
OMB Number: 1545–2109.
Form Number: Form 13925.
Abstract: Under IRC section 6166, an
estate may elect to pay the estate tax in
installments over 14 years if certain
conditions are met. If the IRS
determines that the government’s
interest in collecting estate tax is
sufficiently at risk, it may require the
estate provide a bond. Alternatively, the
executor may elect to provide a lien in
lieu of bond. Under section 6324A(c)
and the regulations thereunder (OMB
1545–0757), to make this election the
executor must submit a lien agreement
to the IRS. Form 13925 is a form lien
agreement that executors may use for
this purpose.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
500.
Estimated Time Per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 500.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be collected; (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology;
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Federal Register / Vol. 73, No. 216 / Thursday, November 6, 2008 / Notices
and (e) estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: October 31, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E8–26422 Filed 11–5–08; 8:45 am]
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BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 73, Number 216 (Thursday, November 6, 2008)]
[Notices]
[Pages 66102-66103]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-26422]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 13925
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 13925, Notice of Election of and Agreement To Special Lien Under
Internal Revenue Code section 6324A and Regulations.
DATES: Written comments should be received on or before January 5, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments to Joe Durbala, Internal Revenue
Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Allan
Hopkins, at (202) 622-6665, or at Internal Revenue Service, room 6129,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Election of and Agreement To Special Lien Under
Internal Revenue Code section 6324A and Regulations.
OMB Number: 1545-2109.
Form Number: Form 13925.
Abstract: Under IRC section 6166, an estate may elect to pay the
estate tax in installments over 14 years if certain conditions are met.
If the IRS determines that the government's interest in collecting
estate tax is sufficiently at risk, it may require the estate provide a
bond. Alternatively, the executor may elect to provide a lien in lieu
of bond. Under section 6324A(c) and the regulations thereunder (OMB
1545-0757), to make this election the executor must submit a lien
agreement to the IRS. Form 13925 is a form lien agreement that
executors may use for this purpose.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 500.
Estimated Time Per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 500.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record.
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the functions of the agency,
including whether the information shall have practical utility; (b) the
accuracy of the agency's estimate of the burden of the collection of
information; (c) ways to enhance the quality, utility, and clarity of
the information to be collected; (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
automated collection techniques or other forms of information
technology;
[[Page 66103]]
and (e) estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: October 31, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E8-26422 Filed 11-5-08; 8:45 am]
BILLING CODE 4830-01-P
