Mutual Savings Association Advisory Committee, 71437-71438 [2011-29707]
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Federal Register / Vol. 76, No. 222 / Thursday, November 17, 2011 / Notices
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provision. This disclosure also states
that prices of refund and no-refund
products are likely to differ.
• Refund of fee paid in lump sum—
If a bank permits a customer to pay the
fee in a single payment and to add the
fee to the amount borrowed, the bank
must disclose the bank’s cancellation
policy. The disclosure informs the
customer of the bank’s refund policy, as
applicable, i.e., that the DCC or DSA: (i)
may be canceled at any time for a
refund; (ii) may be cancelled within a
specified number of days for a full
refund; or (iii) may be cancelled at any
time with no refund.
• Whether use of credit line is
restricted—A bank must inform a
customer if the customer’s activation of
the contract would prohibit the
customer from incurring additional
charges or using the credit line.
• Termination of a DCC or DSA— If
termination is permitted during the life
of the loan, a bank must explain the
circumstances under which a customer
or the bank could terminate the
contract.
• Additional disclosures—A bank
must inform consumers that it will
provide additional information before
the customer is required to pay for the
product.
• Eligibility requirements, conditions,
and exclusions—A bank must describe
any material limitations relating to the
DCC or DSA.
The content of the short and long
form may vary, depending on whether
a bank elects to provide a summary of
the conditions and exclusions in the
long form disclosures or refer the
customer to the pertinent paragraphs in
the contract. The short form requires a
bank to instruct the customer to read
carefully both the long form disclosures
and the contract for a full explanation
of the terms of the contract. The long
form gives a bank the option of either
separately summarizing the limitations
or advising the customer that a complete
explanation of the eligibility
requirements, conditions, and
exclusions is available in the contract
and identifying the paragraphs where a
customer may find that information.
Section 37.7
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 and acknowledgment of
receipt of the required short form may
be made orally, provided the bank
maintains sufficient documentation to
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show that the customer received the
short form disclosures and then
affirmatively elected to purchase the
contract; mails the affirmative written
election and written acknowledgment,
together with the long form disclosures
required by section 37.6, to the
customer within 3 business days after
the telephone solicitation, and
maintains sufficient documentation to
show it made reasonable efforts to
obtain the documents from the
customer; and permits the customer to
cancel the purchase of the contract
without penalty within 30 days after it
mailed the long form disclosures to the
customer.
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, maintains certain
documentation, and permits the
customer to cancel the purchase within
30 days after mailing the long form
disclosures to the customer. The
affirmative election and
acknowledgment may also be made
electronically.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Number of Respondents: 1,650.
Total Annual Responses: 1,650.
Frequency of Response: On occasion.
Total Annual Burden Hours: 39,600.
A 60-day Federal Register notice was
issued on June 28, 2011 regarding
renewal of this collection. 76 FR 37889.
One comment was received from a
service provide, which supported the
renewal of the information collection.
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;
(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 start-up
costs and costs of operation,
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71437
maintenance, and purchase of services
to provide information.
Dated: November 8, 2011.
Michele Meyer,
Assistant Director, Legislative & Regulatory
Activities Division.
[FR Doc. 2011–29688 Filed 11–16–11; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2011–0025]
Mutual Savings Association Advisory
Committee
Department of the Treasury,
Office of the Comptroller of the
Currency.
ACTION: Request for nominations.
AGENCY:
The Office of the Comptroller
of the Currency (OCC) has determined
to carry on the work of the Mutual
Savings Association Advisory
Committee (MSAAC or Committee)
formerly administered by the Office of
Thrift Supervision, as it is necessary
and in the public interest in order for
the OCC to study the needs of and
challenges facing mutual savings
associations. The OCC is seeking
nominations of individuals who are
officers and/or directors of mutual
savings associations to be considered for
selection as MSAAC members.
DATES: Nominations must be received
on or before January 17, 2012.
ADDRESSES: Nominations should be sent
to msaac.nominations@occ.treas.gov or
mailed to: Timothy T. Ward, Deputy
Comptroller for Thrift Supervision, 250
E Street SW., Washington, DC 20219.
FOR FURTHER INFORMATION CONTACT:
Kristin Merritt, Special Counsel,
Administrative & Internal Law, (202)
874–4681, Office of the Comptroller of
the Currency, 250 E Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
has determined that the continuation of
the MSAAC under the OCC’s
administration is necessary and in the
public interest. The Committee will be
administered by the OCC in accordance
with the Federal Advisory Committee
Act, 5 U.S.C. App. 1, section 9(c). The
Committee will advise the OCC on ways
to meet the goals established by section
5(a) of the Home Owners’ Loan Act
(HOLA), 12 USC 1464. The Committee
will advise the OCC with regard to
mutual associations on means to:
(1) Provide for the organization,
incorporation, examination, operation
SUMMARY:
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71438
Federal Register / Vol. 76, No. 222 / Thursday, November 17, 2011 / Notices
and regulation of associations to be
known as federal savings associations
(including federal savings banks); and
(2) issue charters therefore, giving
primary consideration of the best
practices of thrift institutions in the
United States. The MSAAC will help
meet those goals by providing OCC with
informed advice and recommendations
regarding the current and future
circumstances and needs of mutual
savings associations.
Nominations should describe and
document the proposed member’s
qualifications for MSAAC membership.
Committee members are not
compensated for their time, but are
eligible for reimbursement of travel
expenses in accordance with applicable
federal law and regulations.
Dated: November 10, 2011.
By the Office of the Comptroller of the
Currency.
John Walsh,
Acting Comptroller of the Currency.
[FR Doc. 2011–29707 Filed 11–16–11; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2011–0026]
Minority Depository Institutions
Advisory Committee
Department of the Treasury,
Office of the Comptroller of the
Currency.
ACTION: Request for nominations.
AGENCY:
The Office of the Comptroller
of the Currency (OCC) has determined
to carry on the work of the Minority
Depository Institutions Advisory
Committee (MDIAC or Committee)
formerly administered by the Office of
Thrift Supervision, as it is necessary
and in the public interest in order for
the OCC to preserve the present number
of minority depository institutions and
encourage the creation of new minority
depository institutions. The OCC is
seeking nominations of individuals who
are officers and/or directors of minority
depository institutions, or officers and/
or directors of other depository
institutions with a commitment to
supporting minority depository
institutions.
DATES: Nominations must be received
on or before January 17, 2012.
ADDRESSES: Nominations should be sent
to mdiac.nominations@occ.treas.gov or
mailed to: Beverly Cole, Senior Advisor
to the Senior Deputy Comptroller for
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SUMMARY:
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Midsize and Community Bank
Supervision, 250 E Street SW.,
Washington, DC 20219.
FOR FURTHER INFORMATION CONTACT:
Kristin Merritt, Special Counsel,
Administrative & Internal Law, (202)
874–4681, Office of the Comptroller of
the Currency, 250 E Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
has determined that the continuation of
the MDIAC under the OCC’s
administration is necessary and in the
public interest. The Committee will be
administered by the OCC in accordance
with the Federal Advisory Committee
Act, 5 U.S.C. App. 1, section 9(c). The
Committee will advise the OCC on ways
to meet the goals established by section
308 of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989
(FIRREA), Public Law 101–73, Title III,
103 Stat. 353, 12 USCA. 1463 note. The
goals of section 308 are to preserve the
present number of minority institutions,
preserve the minority character of
minority owned institutions in cases
involving mergers or acquisitions,
provide technical assistance, and
encourage the creation of new minority
institutions. The MDIAC will help OCC
meet those goals by providing informed
advice and recommendations regarding
a range of issues involving minority
depository institutions.
Nominations should describe and
document the proposed member’s
qualifications for MDIAC membership.
Committee members are not
compensated for their time, but are
eligible for reimbursement of travel
expenses in accordance with applicable
federal law and regulations.
Dated: November 10, 2011.
By the Office of the Comptroller of the
Currency.
John Walsh,
Acting Comptroller of the Currency.
[FR Doc. 2011–29706 Filed 11–16–11; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 13768
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
SUMMARY:
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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 Forms
13768, Electronic Tax Administration
Advisory Committee (ETACC)
Membership Application.
DATES: Written comments should be
received on or before January 17, 2012,
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. Lawrence, 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 R. Joseph Durbala
at (202) 622–3634, or at Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Electronic Tax Administration
Advisory Committee (ETACC)
Membership Application.
OMB Number: 1545–XXXX.
Form Numbers: 13768.
Abstract: The Internal Revenue
Service Restructuring and Reform Act of
1998 (RRA 98) authorized the creation
of the Electronic Tax Administration
Advisory Committee (ETAAC). ETAAC
has a primary duty of providing input
to the Internal Revenue Service (IRS) on
its strategic plan for electronic tax
administration. Accordingly, ETAAC’s
responsibilities involve researching,
analyzing and making recommendations
on a wide range of electronic tax
administration issues.
Current Actions: New Approval.
Type of Review: Existing IC in use that
does not contain an OMB control
number.
Affected Public: Individuals or
households, and businesses or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Response: 60 min.
Estimated Total Annual Burden
Hours: 600.
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
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]]>Agencies
[Federal Register Volume 76, Number 222 (Thursday, November 17, 2011)]
[Notices]
[Pages 71437-71438]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-29707]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
[Docket ID OCC-2011-0025]
Mutual Savings Association Advisory Committee
AGENCY: Department of the Treasury, Office of the Comptroller of the
Currency.
ACTION: Request for nominations.
-----------------------------------------------------------------------
SUMMARY: The Office of the Comptroller of the Currency (OCC) has
determined to carry on the work of the Mutual Savings Association
Advisory Committee (MSAAC or Committee) formerly administered by the
Office of Thrift Supervision, as it is necessary and in the public
interest in order for the OCC to study the needs of and challenges
facing mutual savings associations. The OCC is seeking nominations of
individuals who are officers and/or directors of mutual savings
associations to be considered for selection as MSAAC members.
DATES: Nominations must be received on or before January 17, 2012.
ADDRESSES: Nominations should be sent to
msaac.nominations@occ.treas.gov or mailed to: Timothy T. Ward, Deputy
Comptroller for Thrift Supervision, 250 E Street SW., Washington, DC
20219.
FOR FURTHER INFORMATION CONTACT: Kristin Merritt, Special Counsel,
Administrative & Internal Law, (202) 874-4681, Office of the
Comptroller of the Currency, 250 E Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC has determined that the continuation
of the MSAAC under the OCC's administration is necessary and in the
public interest. The Committee will be administered by the OCC in
accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 1,
section 9(c). The Committee will advise the OCC on ways to meet the
goals established by section 5(a) of the Home Owners' Loan Act (HOLA),
12 USC 1464. The Committee will advise the OCC with regard to mutual
associations on means to: (1) Provide for the organization,
incorporation, examination, operation
[[Page 71438]]
and regulation of associations to be known as federal savings
associations (including federal savings banks); and (2) issue charters
therefore, giving primary consideration of the best practices of thrift
institutions in the United States. The MSAAC will help meet those goals
by providing OCC with informed advice and recommendations regarding the
current and future circumstances and needs of mutual savings
associations.
Nominations should describe and document the proposed member's
qualifications for MSAAC membership. Committee members are not
compensated for their time, but are eligible for reimbursement of
travel expenses in accordance with applicable federal law and
regulations.
Dated: November 10, 2011.
By the Office of the Comptroller of the Currency.
John Walsh,
Acting Comptroller of the Currency.
[FR Doc. 2011-29707 Filed 11-16-11; 8:45 am]
BILLING CODE P
