Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 50117-50118 [2013-19972]

Download as PDF Federal Register / Vol. 78, No. 159 / Friday, August 16, 2013 / Notices 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 emcdonald on DSK67QTVN1PROD with NOTICES 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: Title: Nondiscrimination Requirements in Real Estate-Related Lending, Appraisals, and Advertising, 12 CFR 701.31. OMB Number: 3133–0068. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Section 701.31 is NCUA’s regulation implementing requirements of the Fair Housing Act, 42 U.S.C. 3601 et seq. It requires each FCU to maintain a copy of the real estate appraisal used to support an applicant’s real estaterelated loan application and to make it available to any requesting member/ applicant for a period of 25 months. It also requires an FCU using geographic factors in evaluating real estate-related loan applications to disclose such fact on the appraisal, along with a statement demonstrating the necessity of using such factors. The FCU retains the appraisal with the noted factors in its records to prove compliance with nondiscrimination statutes and regulations. The FCU’s borrowers and NCUA use the information to determine whether the FCU discriminates against certain borrowers. This regulation ensures compliance with the Fair Housing Act anti-redlining requirements. Respondents: Federal Credit Unions. Estimated No. of Respondents/ Recordkeepers: 4,220. Frequency of Response: Recordkeeping on occasion. Estimated Burden Hours Per Response: 1 hour. Estimated Total Annual Burden Hours: 4,220 hours. Estimated Total Annual Cost: $0. By the National Credit Union Administration Board on August 13, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–19970 Filed 8–15–13; 8:45 am] BILLING CODE 7535–01–P VerDate Mar<15>2010 NATIONAL CREDIT UNION ADMINISTRATION 19:06 Aug 15, 2013 Jkt 229001 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 USC Chapter 35). This information collection is not from any new requirements. It is a reinstatement of a prior collection related to NCUA’s leasing rule. The rule requires a federal credit union engaged in leasing to obtain or have on file financial documentation demonstrating that the guarantor of an estimated residual value can meet the guarantee. This information collection is being published to obtain comments from the public. DATES: Comments will be accepted until October 15, 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 amending and reinstating the collection for 3133–0151 for NCUA’s leasing regulation. 12 CFR part 714. In a leasing situation, the NCUA requires the financially responsible party to guarantee the excess when the residual value of a lease will exceed 25% of the original cost of the leased property. 12 CFR 714.5. The guarantor may be the manufacturer or an insurance company. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 50117 The federal credit union must obtain and have on file financial documentation demonstrating that the guarantor has the resources to meet the guarantee. If a manufacturer is involved, the federal credit union must review financial statements for the period that would establish a reasonable financial trend. If an insurance company is involved, it must have a major company rating of at least a B+. The federal credit union will use the information as part of the risk assessment process to analyze and evaluate the financial capabilities and resources of a party that guarantees the residual value used in a leasing arrangement. There are currently 35 federal credit unions offering leases. Most leases are offered with residual payments of less than 25% of the original leased property value. Therefore, there are a limited number of leases requiring a guarantee. This is estimated to be 5 transactions per year for federal credit unions offering leases. The hourly burden per transaction is approximately 2 hours. Completing the financial review requires a combination of clerical and officer time which is estimated to be a blended hourly rate of $60. Therefore, the estimated annual hourly burden for federal credit unions offering leases is 350 hours, at an hourly cost of $60 resulting in an estimated annual financial burden of $21,000. The burden is minimal and offset by the additional benefit of mitigating and reducing the potential for losses to the credit union. 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: Leasing—Statistical Documentation Required for a Guarantor of a Residual Value, 12 CFR part 714. OMB Number: 3133–0151. Form Number: None. E:\FR\FM\16AUN1.SGM 16AUN1 50118 Federal Register / Vol. 78, No. 159 / Friday, August 16, 2013 / Notices Type of Review: Reinstatement, with change, of a previously approved collection. Description: Part 714 of NCUA’s Rules and Regulations directs federal credit unions to evaluate whether a guarantor of a residual value has the financial resources to meet the guarantee. Respondents: All federal credit unions. Estimated No. of Respondents/ Recordkeepers: 35. Estimated Burden Hours Per Response: 2 hours. Estimated Frequency of Response: 5 annually for each Respondent/ Recordkeeper. Estimated Total Annual Burden Hours: 350. Estimated Total Annual Cost: $21,000. By the National Credit Union Administration Board on August 13, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–19972 Filed 8–15–13; 8:45 am] BILLING CODE 7535–01–P NUCLEAR REGULATORY COMMISSION [NRC–2013–0081] Policy Statement on Adequacy and Compatibility of Agreement State Programs; Statement of Principles and Policy for the Agreement State Program Nuclear Regulatory Commission. ACTION: Policy statements; extension of comment period. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) is extending the comment period of a notice that was published in the Federal Register on June 3, 2013 (78 FR 33122), requesting comments on proposed revisions to the NRC’s policy statements on Agreement State Programs. Both the ‘‘Policy Statement on Adequacy and Compatibility of Agreement State Programs’’ and the ‘‘Statement of Principles and Policy for the Agreement State Programs’’ have been revised to add information on security of radioactive materials and incorporate changes in the NRC’s policies and procedures since the last revision in 1997. The public comment period was scheduled to expire on August 19, 2013. However, the NRC received requests for extending the comment period from the Organization of Agreement States (OAS) and from the State of Florida. The parties requested the extension of the emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 19:06 Aug 15, 2013 Jkt 229001 comment period so that the Agreement States would have time to discuss the proposed revisions during the OAS annual meeting before submitting their comments. The NRC agrees with these requests and the NRC has decided to extend the comment period until September 16, 2013. DATES: The comment period has been extended and expires on September 16, 2013. Comments received after this date will be considered if it is practical to do so, but the NRC is able to assure consideration only for comments received on or before this date. ADDRESSES: You may submit comments by any of the following methods (unless this document describes a different method for submitting comments on a specific subject): • Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC–2013–0081. Address questions about NRC dockets to Carol Gallagher; telephone: 301–287–3442; email: Carol.Gallagher@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • Email comments to: Rulemaking.Comments@nrc.gov. If you do not receive an automatic email reply confirming receipt, then contact us at 301–415–1677. • Fax comments to: Secretary, U.S. Nuclear Regulatory Commission at 301– 415–1101. • Mail comments to: Secretary, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001, ATTN: Rulemakings and Adjudications Staff. • Hand deliver comments to: 11555 Rockville Pike, Rockville, Maryland 20852, between 7:30 a.m. and 4:15 p.m. (Eastern Time) Federal workdays; telephone: 301–415–1677. For additional direction on accessing information and submitting comments, see ‘‘Accessing Information and Submitting Comments’’ in the SUPPLEMENTARY INFORMATION section of this document. FOR FURTHER INFORMATION CONTACT: Lisa Dimmick, Office of Federal and State Materials and Environmental Management Programs, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001; telephone: 301–415– 0694, email: Lisa.Dimmick@nrc.gov. SUPPLEMENTARY INFORMATION: I. Accessing Information and Submitting Comments A. Accessing Information Please refer to Docket ID NRC–2013– 0081 when contacting the NRC about PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 the availability of information for the proposed revisions of the policy statements. You may access publiclyavailable information related to the proposed revisions of the policy statements by any of the following methods: • Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC–2013–0081. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may access public documents online in the NRC Library at https://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to pdr.resource@nrc.gov. The proposed revisions to the ‘‘Policy Statement on Adequacy and Compatibility of Agreement State Programs’’ are available in under ADAMS Accession No. ML12202B165. The proposed revisions to the ‘‘Statement of Principles and Policy for the Agreement State Program’’ are available under ADAMS Accession No. ML12202B157. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. B. Submitting Comments Please include Docket ID NRC–2013– 0081 in the subject line of your comment submission, in order to ensure that the NRC is able to make your comment submission available to the public in this docket. The NRC cautions you not to include identifying or contact information that you do not want to be publicly disclosed in your comment submission. The NRC will post all comment submissions at https:// www.regulations.gov as well as enter the comment submissions into ADAMS. The NRC does not routinely edit comment submissions to remove identifying or contact information. If you are requesting or aggregating comments from other persons for submission to the NRC, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission. Your request should state that the NRC does not routinely edit comment submissions to remove such information before making the comment submissions available to the public or E:\FR\FM\16AUN1.SGM 16AUN1

Agencies

[Federal Register Volume 78, Number 159 (Friday, August 16, 2013)]
[Notices]
[Pages 50117-50118]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19972]


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

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, 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 
USC Chapter 35). This information collection is not from any new 
requirements. It is a reinstatement of a prior collection related to 
NCUA's leasing rule. The rule requires a federal credit union engaged 
in leasing to obtain or have on file financial documentation 
demonstrating that the guarantor of an estimated residual value can 
meet the guarantee. This information collection is being published to 
obtain comments from the public.

DATES: Comments will be accepted until October 15, 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: 

I. Abstract and Request for Comments

    NCUA is amending and reinstating the collection for 3133-0151 for 
NCUA's leasing regulation. 12 CFR part 714. In a leasing situation, the 
NCUA requires the financially responsible party to guarantee the excess 
when the residual value of a lease will exceed 25% of the original cost 
of the leased property. 12 CFR 714.5. The guarantor may be the 
manufacturer or an insurance company.
    The federal credit union must obtain and have on file financial 
documentation demonstrating that the guarantor has the resources to 
meet the guarantee. If a manufacturer is involved, the federal credit 
union must review financial statements for the period that would 
establish a reasonable financial trend. If an insurance company is 
involved, it must have a major company rating of at least a B+. The 
federal credit union will use the information as part of the risk 
assessment process to analyze and evaluate the financial capabilities 
and resources of a party that guarantees the residual value used in a 
leasing arrangement.
    There are currently 35 federal credit unions offering leases. Most 
leases are offered with residual payments of less than 25% of the 
original leased property value. Therefore, there are a limited number 
of leases requiring a guarantee. This is estimated to be 5 transactions 
per year for federal credit unions offering leases. The hourly burden 
per transaction is approximately 2 hours. Completing the financial 
review requires a combination of clerical and officer time which is 
estimated to be a blended hourly rate of $60. Therefore, the estimated 
annual hourly burden for federal credit unions offering leases is 350 
hours, at an hourly cost of $60 resulting in an estimated annual 
financial burden of $21,000. The burden is minimal and offset by the 
additional benefit of mitigating and reducing the potential for losses 
to the credit union.
    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: Leasing--Statistical Documentation Required for a Guarantor 
of a Residual Value, 12 CFR part 714.
    OMB Number: 3133-0151.
    Form Number: None.

[[Page 50118]]

    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Part 714 of NCUA's Rules and Regulations directs 
federal credit unions to evaluate whether a guarantor of a residual 
value has the financial resources to meet the guarantee.
    Respondents: All federal credit unions.
    Estimated No. of Respondents/Recordkeepers: 35.
    Estimated Burden Hours Per Response: 2 hours.
    Estimated Frequency of Response: 5 annually for each Respondent/
Recordkeeper.
    Estimated Total Annual Burden Hours: 350.
    Estimated Total Annual Cost: $21,000.

    By the National Credit Union Administration Board on August 13, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-19972 Filed 8-15-13; 8:45 am]
BILLING CODE 7535-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.