Agency Information Collection Activities: Submission to OMB for Reinstatement, With, of a Previously Approved Collection; Comment Request, 48912-48913 [2013-19393]

Download as PDF 48912 Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. The NCUA regulation at 12 CFR part 760 implements the requirements of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 (Flood Act), as amended. 42 U.S.C. 4001–4129. The Flood Act and Part 760 require a federally insured credit union granting a real estate loan to determine if flood insurance for the designated loan term is required. The credit union must also provide certain related notices and maintain records. DATES: Comments will be accepted until October 11, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: I. Abstract and request for comments NCUA is reinstating the collection for 3133–0143. The NCUA regulation at 12 CFR part 760 implements the Flood Act requirements for a federally insured credit union and contains information collection requirements (ICRs) under the Paperwork Reduction Act. A federally insured credit union must determine if VerDate Mar<15>2010 14:51 Aug 09, 2013 Jkt 229001 a real estate loan requires flood insurance for the designated loan term. The credit union must also provide information to the borrower when the flood insurance is required. The credit union must notify the borrower if it determines adequate flood insurance is not in place during the loan term and require the borrower to obtain necessary insurance within 45 days of the notification. A credit union must maintain records that it gave the required information to the borrower and it must ensure that the required flood insurance remains in force while the credit union holds the loan. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. Respondents: 3,727 credit unions. Estimated Annual Frequency of Response: 1,296,000 real estate loans require the notice. Estimated Time per Response: 5 minutes (1⁄12 hour) each per loan. Estimated Annual Burden: 108,000 hours. ICR related to other required notices: Respondents: 3,727 credit unions. Estimated Annual Frequency of Response: 15% × 1,296,000 real estate loans in flood hazard areas = 194,400 loans require other notices. Estimated Time per Response: 5 minutes (1⁄12 hour) to execute other notices. Estimated Annual Burden: 16,200 reporting hours. ICR related to required recordkeeping (place a copy of Standard Flood Hazard Determination Form and notice(s) in loan file). Respondents: 3,727 credit unions. Estimated Annual Time per Response: 1 hour. Estimated Annual Burden: 3,727 recordkeeping hours. Therefore, NCUA estimates that the total number for the collection of information is: 108,000 + 16,200 + 3,727 = 127,927 burden hours. II. Data Title: 12 CFR part 760, Loans in Areas Having Special Flood Hazards. OMB Number: 3133–0143. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Federally insured credit unions are required by the Flood Act and 12 CFR part 760 to make certain disclosures and maintain compliance records. Borrowers use this information to make valid purchase decisions. The NCUA uses the records to verify compliance with the Flood Act and NCUA’s regulation at 12 CFR part 760. Respondents: Federally insured credit unions granting real estate loans. Total Estimated No. of Respondents/ Recordkeepers: 3,727 credit unions. Total Frequency of Response: Recordkeeping, reporting, and on occasion issuing required notices. Total Estimated Annual Burden Hours: 127,927. Total Estimated Annual Cost: N/A. The following are the specific underlying ICRs that comprise the total: ICR related to the Standard Flood Hazard Determination Form collection: BILLING CODE 7535–01–P PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 By the National Credit Union Administration Board on August 6, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–19395 Filed 8–9–13; 8:45 am] NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public and is not part of any new requirements or program changes. This information collection is related to credit unions that serve predominately low-income members and seek a low-income designation from NCUA so they may benefit from certain statutory relief and SUMMARY: E:\FR\FM\12AUN1.SGM 12AUN1 Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES receive assistance from the Community Development Revolving Loan Fund. DATES: Comments will be accepted until October 11, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the NCUA, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. For additional information about low-income designations, contact Susan Ryan in the NCUA Office of Consumer Protection, Division of Consumer Access, at the above address, or at (703) 518–1140. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NCUA is amending and reinstating the collection for 3133–0117. The collection of information requirement is for those credit unions seeking a lowincome designation. A credit union’s member address data are utilized for analysis in the NCUA Low-Income Designation (LID) Tool. The LID Tool is a geocoding software program which analyzes member address data. A credit union’s member address data are obtained either through the NCUA examination file or a credit union sends the data as an electronic attachment to NCUA. If the member address data are obtained through the examination process and the results of the LID Tool indicate the credit union serves predominantly low-income members, the credit union is notified it is eligible for the low-income designation. The credit union then must contact NCUA to opt for the designation. If the credit union wishes to have its data reviewed other than through the examination process, it may send an electronic member address data file for analysis in the LID Tool. If a credit union does not qualify for a low-income designation using the geocoding software (LID Tool), it may submit a statistically valid sample of member income data as evidence it qualifies for the designation. Credit VerDate Mar<15>2010 14:51 Aug 09, 2013 Jkt 229001 unions are permitted to draw this sample from loan files or a member survey. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: Designation of Low-Income Status. OMB Number: 3133–0117. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Credit unions that obtain a low-income designation benefit from certain statutory relief, including: Accepting nonmember deposits from any source; offering secondary capital accounts; an exemption from the aggregate loan limit for member business loans; and being eligible to receive assistance from the Community Development Revolving Loan Fund. Respondents: Certain credit unions serving predominantly low-income members. Estimated Number of Respondents/ Recordkeepers: 265 (260 credit unions requesting the designation utilizing the LID Tool, and 5 credit unions requesting the designation utilizing the sampling method). Estimated Burden Hours per Response: 15 minutes for LID Tool; 40 hours for sampling method. Frequency of Response: Once, on occasion, and recordkeeping. Estimated Total Annual Burden Hours: 265 hours. Estimated Total Annual Cost: $20,000. By the National Credit Union Administration Board on August 6, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–19393 Filed 8–9–13; 8:45 am] BILLING CODE 7535–01–P PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 48913 NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Public Law 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. NCUA requires the collection of electronic funds transfer information to maintain its vendor (credit union) records to make electronic payments to credit unions when required. DATES: Comments will be accepted until October 11, 2013. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Contact: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: SUMMARY: I. Abstract and Request for Comments NCUA is reinstating the collection for OMB No. 3133–0135 without amendment. NCUA will use the provided information to maintain current electronic funds transfer data for its vendor (credit union) electronic routing and transit data database to enable transmittal of funds and payments. If this information is not collected, NCUA will not be able to make payments electronically to credit unions through the Automated Clearing House (ACH) and would not be able to comply with the Debt Collection E:\FR\FM\12AUN1.SGM 12AUN1

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[Federal Register Volume 78, Number 155 (Monday, August 12, 2013)]
[Notices]
[Pages 48912-48913]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19393]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With, of a Previously Approved Collection; Comment 
Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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

SUMMARY: The NCUA intends to submit the following information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35). This information collection is published to obtain 
comments from the public and is not part of any new requirements or 
program changes. This information collection is related to credit 
unions that serve predominately low-income members and seek a low-
income designation from NCUA so they may benefit from certain statutory 
relief and

[[Page 48913]]

receive assistance from the Community Development Revolving Loan Fund.

DATES: Comments will be accepted until October 11, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer listed below:
    NCUA Contact: Tracy Crews, National Credit Union Administration, 
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: OCIOPRA@ncua.gov.
    OMB Contact: Office of Management and Budget, ATTN: Desk Officer 
for the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews at the NCUA, 1775 Duke 
Street, Alexandria, VA 22314-3428, or at (703) 518-6444. For additional 
information about low-income designations, contact Susan Ryan in the 
NCUA Office of Consumer Protection, Division of Consumer Access, at the 
above address, or at (703) 518-1140.

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments

    NCUA is amending and reinstating the collection for 3133-0117. The 
collection of information requirement is for those credit unions 
seeking a low-income designation. A credit union's member address data 
are utilized for analysis in the NCUA Low-Income Designation (LID) 
Tool. The LID Tool is a geocoding software program which analyzes 
member address data. A credit union's member address data are obtained 
either through the NCUA examination file or a credit union sends the 
data as an electronic attachment to NCUA. If the member address data 
are obtained through the examination process and the results of the LID 
Tool indicate the credit union serves predominantly low-income members, 
the credit union is notified it is eligible for the low-income 
designation. The credit union then must contact NCUA to opt for the 
designation. If the credit union wishes to have its data reviewed other 
than through the examination process, it may send an electronic member 
address data file for analysis in the LID Tool.
    If a credit union does not qualify for a low-income designation 
using the geocoding software (LID Tool), it may submit a statistically 
valid sample of member income data as evidence it qualifies for the 
designation. Credit unions are permitted to draw this sample from loan 
files or a member survey.
    The NCUA requests that you send your comments on this collection to 
the location listed in the addresses section. Your comments should 
address: (a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden 
(hours and cost) of the collection of information, including the 
validity of the methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the collection 
of the information on the respondents such as through the use of 
automated collection techniques or other forms of information 
technology. It is NCUA's policy to make all comments available to the 
public for review.

II. Data

    Title: Designation of Low-Income Status.
    OMB Number: 3133-0117.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Credit unions that obtain a low-income designation 
benefit from certain statutory relief, including: Accepting nonmember 
deposits from any source; offering secondary capital accounts; an 
exemption from the aggregate loan limit for member business loans; and 
being eligible to receive assistance from the Community Development 
Revolving Loan Fund.
    Respondents: Certain credit unions serving predominantly low-income 
members.
    Estimated Number of Respondents/Recordkeepers: 265 (260 credit 
unions requesting the designation utilizing the LID Tool, and 5 credit 
unions requesting the designation utilizing the sampling method).
    Estimated Burden Hours per Response: 15 minutes for LID Tool; 40 
hours for sampling method.
    Frequency of Response: Once, on occasion, and recordkeeping.
    Estimated Total Annual Burden Hours: 265 hours.
    Estimated Total Annual Cost: $20,000.

    By the National Credit Union Administration Board on August 6, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-19393 Filed 8-9-13; 8:45 am]
BILLING CODE 7535-01-P
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