Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 59380-59381 [2013-23477]

Download as PDF 59380 Federal Register / Vol. 78, No. 187 / Thursday, September 26, 2013 / Notices By the National Credit Union Administration Board on September 20, 2013. Gerard Poliquin, Secretary of the Board. 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: [FR Doc. 2013–23453 Filed 9–25–13; 8:45 am] BILLING CODE 7535–01–P 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 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. 12 CFR Part 715 sets forth a credit union’s supervisory committee’s responsibility in meeting the audit and verification requirements of Sections 115 and 202(a)(6) of the Federal Credit Union Act, 12 U.S.C. 1761d and 1782(a)(6). A supervisory committee audit is required at least once every calendar year covering the period since the last audit. Also, a bi-annual verification of members’ accounts is required. Part 715 specifies the minimum annual audit a credit union is required to obtain according to its charter type and asset size, the licensing authority required of persons performing certain audits, the auditing principles which apply to certain audits, and the accounting principles which must be followed. DATES: Comments will be accepted until October 28, 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 tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 18:19 Sep 25, 2013 Jkt 229001 I. Abstract and Request for Comments NCUA is reinstating the collection for 3133–0059. The information is collected by a credit union’s supervisory committee or its designated representative, through a supervisory committee audit which is required at least once every calendar year covering the period since the last audit. The information is used by both the credit union and the NCUA to ensure through audit testing that the credit union’s assets, liabilities, equity, income, and expenses exist, are properly valued, controlled and meet ownership, disclosure and classification requirements of sound financial reporting. A written report on the audit must be made to the board of directors and, if requested, NCUA. Working papers must be maintained and made available to NCUA. The methods that may be used for member account verifications—100 percent verification or statistical sampling—are set forth. The supervisory committee must retain a record of the account verifications. These requirements are also applicable to federally insured state-chartered credit unions. 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: 12 CFR Part 715, Supervisory Committee Audits and Verifications. OMB Number: 3133–0059. Form Number: None. Type of Review: Reinstatement, without change, of a previously approved collection. PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 Description: The rule specifies the minimum annual audit a credit union is required to obtain according to its charter type and asset size, the licensing authority required of persons performing certain audits, the auditing principles that apply to certain audits, and the accounting principles that must be followed in reports filed with the NCUA Board. Respondents: Federally insured credit unions. Estimated Number of Respondents/ Recordkeepers: 6,847. Estimated Total Annual Responses: 19,988. Frequency of Response: Audit report—annually; account verification— bi-annually. Estimated Burden Hours per Response: Varied. Estimated Total Annual Burden Hours: 30,295 hours. Estimated Total Annual Cost: None. By the National Credit Union Administration Board on September 20, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–23482 Filed 9–25–13; 8:45 am] BILLING CODE 7535–01–P 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 notice is published to obtain comments from the public. This collection of information is related to NCUA’s regulation on nondiscrimination requirements in real estate-related lending. DATES: Comments will be accepted until October 28, 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. SUMMARY: E:\FR\FM\26SEN1.SGM 26SEN1 Federal Register / Vol. 78, No. 187 / Thursday, September 26, 2013 / Notices 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: tkelley on DSK3SPTVN1PROD with NOTICES I. Abstract and Request for Comments NCUA is reinstating a previously approved collection of information for 12 CFR 701.31, Nondiscrimination Requirements in Real Estate-Related Lending, Appraisals, and Advertising. Section 701.31 implements requirements of the Fair Housing Act, 42 U.S.C. 3601 et seq. It requires each Federal credit union (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. The real estate appraisal is an integral part of most real estate-related loan transactions. The appraisal, factors affecting the appraisal, and record retention are all routinely included in most real estate-related loan transactions as a usual and customary industry practice. Therefore, any cost in time for the FCU is minimal. NCUA estimates that the time required for this collection of information is approximately one hour per year for each FCU. As of July 2, 2013, there were 4,220 FCUs that could make real estaterelated loans. One hour × 4,220 respondents/recordkeepers = 4,220 total annual burden hours. NCUA does not believe that FCUs will incur any additional costs as a result of the recordkeeping requirement. VerDate Mar<15>2010 18:19 Sep 25, 2013 Jkt 229001 NCUA requests that you send your comments on the information collection requirement under section 701.31 to the locations 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. 59381 By the National Credit Union Administration Board on September 20, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–23477 Filed 9–25–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL SCIENCE FOUNDATION Advisory Committee for Engineering; Notice of Meeting In accordance with Federal Advisory Committee Act (Pub. L. 92–463, as amended), the National Science Foundation announces the following meeting: Name: Engineering Advisory Committee Meeting, #1170. Date/Time: October 16, 2013: 11:15 p.m. to 5:30 p.m., October 17, 2013: 8:30 a.m. to 12:45 p.m. II. Data Place: National Science Foundation, Title: Nondiscrimination 4201 Wilson Boulevard, Suite 1235, Requirements in Real Estate-Related Arlington, Virginia 22203. Lending, Appraisals, and Advertising, Type of Meeting: Open. 12 CFR 701.31. Contact Person: Deborah Young, OMB Number: 3133–0068. National Science Foundation, 4201 Form Number: None. Wilson Boulevard, Suite 505, Arlington, Type of Review: Reinstatement, with Virginia 22203 703/292–8300. change, of a previously approved Purpose of Meeting: To provide collection. Description: Section 701.31 is NCUA’s advice, recommendations and counsel on major goals and policies pertaining regulation implementing requirements to engineering programs and activities. of the Fair Housing Act, 42 U.S.C. 3601 Agenda: et seq. It requires each FCU to maintain a copy of the real estate appraisal used Wednesday, October 16, 2013 to support an applicant’s real estate• Directorate for Engineering (ENG) related loan application and to make it Update available to any requesting member/ • Assistant Director Discussion on applicant for a period of 25 months. It Bilateral Collaborations also requires an FCU using geographic • 2–DARE (Emerging Frontiers in factors in evaluating real estate-related Research and Innovation initiative) loan applications to disclose such fact on the appraisal, along with a statement • NSF Strategic Plan • Proposal Submission—‘‘One demonstrating the necessity of using Window’’ such factors. The FCU retains the appraisal with the noted factors in its Thursday, October 17, 2013 records to prove compliance with • Perspectives from the Office of the nondiscrimination statutes and Director regulations. The FCU’s borrowers and NCUA use the information to determine • Industrial Innovation and Partnerships Overview whether the FCU discriminates against • Industrial Innovation and certain borrowers. This regulation Partnerships Committee of Visitors ensures compliance with the Fair Report Housing Act anti-redlining • Service Innovation requirements. • Advisory Committee Member Topics Respondents: Federal Credit Unions. Estimated Number of Respondents/ • Roundtable on ENG Strategic Recordkeepers: 4,220. Activities and Recommendations Frequency of Response: • Closing Remarks, and Wrap Up Recordkeeping on occasion. Dated: September 23, 2013. Estimated Burden Hours per Susanne Bolton, Response: 1 hour. Committee Management Officer. Estimated Total Annual Burden [FR Doc. 2013–23457 Filed 9–25–13; 8:45 am] Hours: 4,220 hours. Estimated Total Annual Cost: $0. BILLING CODE 7555–01–P PO 00000 Frm 00047 Fmt 4703 Sfmt 9990 E:\FR\FM\26SEN1.SGM 26SEN1

Agencies

[Federal Register Volume 78, Number 187 (Thursday, September 26, 2013)]
[Notices]
[Pages 59380-59381]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-23477]


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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 
U.S.C. Chapter 35). This information collection notice is published to 
obtain comments from the public. This collection of information is 
related to NCUA's regulation on nondiscrimination requirements in real 
estate-related lending.

DATES: Comments will be accepted until October 28, 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.

[[Page 59381]]

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 reinstating a previously approved collection of information 
for 12 CFR 701.31, Nondiscrimination Requirements in Real Estate-
Related Lending, Appraisals, and Advertising. Section 701.31 implements 
requirements of the Fair Housing Act, 42 U.S.C. 3601 et seq. It 
requires each Federal credit union (FCU) to maintain a copy of the real 
estate appraisal used to support an applicant's real estate-related 
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.
    The real estate appraisal is an integral part of most real estate-
related loan transactions. The appraisal, factors affecting the 
appraisal, and record retention are all routinely included in most real 
estate-related loan transactions as a usual and customary industry 
practice. Therefore, any cost in time for the FCU is minimal. NCUA 
estimates that the time required for this collection of information is 
approximately one hour per year for each FCU. As of July 2, 2013, there 
were 4,220 FCUs that could make real estate-related loans. One hour x 
4,220 respondents/recordkeepers = 4,220 total annual burden hours. NCUA 
does not believe that FCUs will incur any additional costs as a result 
of the recordkeeping requirement.
    NCUA requests that you send your comments on the information 
collection requirement under section 701.31 to the locations 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: 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 estate-related 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 Number 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 September 
20, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-23477 Filed 9-25-13; 8:45 am]
BILLING CODE 7535-01-P
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