Agency Information Collection Activities: Proposed Collection; Comment Request; Leasing, 8438-8439 [2017-01646]
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8438
Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Notices
Title: Authorization Agreement for
Electronic Funds Transfer Payment.
Abstract: The NCUA is required
under the Debt Collection Improvement
Act of 1996 to issue payments to credit
unions and all other entities
electronically. The ‘‘Authorization
Agreement for Electronic Funds
Transfer Payment’’ form is used to
maintain up-to-date and accurate
electronic payment data for new and
existing credit unions. NCUA will use
the information to update 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 payment
electronically through the Automated
Clearing House (ACH) and will be in
non-compliance with the Debt
Collection Improvement Act of 1996.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Number of Respondents:
100.
Estimated Annual Frequency: 1.
Estimated Number Responses per
Respondent: 100.
Estimated Burden Hours per
Response: 15 minutes.
Estimated Total Annual Burden
Hours: 25.
The number of respondents has been
revised to reflect only submissions
made by new or FCU requesting changes
to their account information.
OMB Number: 3133–0166.
Title: Home Mortgage Disclosure
(Regulation C), 12 CFR 1003.
Abstract: HMDA was enacted in 1975
and requires most mortgage lenders
lending in metropolitan areas to collect
data about their housing-related lending
activity. Historically, HMDA has been
implemented by the Board of Governors
of the Federal Reserve System’s (FRB)
Regulation C, 12 CFR part 203. Congress
has periodically modified the law, and
FRB has routinely updated Regulation
C. The Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010
transferred FRB’s rulemaking authority
for HMDA to CFPB.
Regulation C, 12 CFR part 1003,
requires financial institutions that meet
certain thresholds to report data
annually about: Each application or
loan, including the application date; the
action taken and the date of that action;
the loan amount; the loan type (for
example, government guaranteed or not)
and purpose (for example, home
purchase); and, if the loan is sold, the
type of purchaser; Each applicant or
borrower, including ethnicity, race, sex,
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and income; and Each property,
including location and occupancy
status.
A covered lender generally must
update information quarterly—all
reportable transaction must be recorded
within 30 calendar days after the end of
the calendar quarter in which final
action is taken on a loan application
register (LAR)—and must submit the
completed LAR annually to the
appropriate Federal agency by March 1
of the year following the year covered
by the LAR. Institutions that submit
incorrect information may be required
to correct and resubmit the information.
The Federal Financial Institutions
Examination Council (FFIEC) then
prepares a disclosure statement from
data submitted by the financial
institutions, and provides the disclosure
statement to the financial institution.
Within three business days of receiving
its statement, the financial institution
must make a copy available at its home
office. In addition, within ten business
days of receiving its disclosure
statement, the financial institution must
either: (1) Make the disclosure statement
available in at least one branch office in
every Metropolitan Statistical Area
(MSA) and Metropolitan Division
(Division) where it has an office or (2)
post a notice in at least one branch
office per MSA and Division where it
has an office stating that the disclosure
statement is available upon written
request. A covered lender must make
each public disclosure statement
available to the public for five years.
Each financial institution must retain
its completed LAR for three years and
during that period it must make its LAR
available to the public after redacting
certain information to protect the
privacy of its applicants and borrowers.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Number of Respondents:
1,967.
Estimated Number of Loan
Applications/Responses: 894,500.
Estimated Burden Hours per
Response: 5 minutes.
Estimated Total Annual Burden
Hours: 74,542.
The number of federally insured
credit union respondents filing HMDA
LAR and the total number of reportable
HMDA loans have been adjusted to
reflect the numbers obtained for
calendar years 2012 and 2013.
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for Office of Management and
Budget approval. All comments will
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Sfmt 4703
become a matter of public record. The
public is invited to submit comments
concerning: (a) Whether the collection
of information is necessary for the
proper performance of the function of
the agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information, including the validity of
the methodology and assumptions used;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of the
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology.
By Gerard Poliquin, Secretary of the Board,
the National Credit Union Administration, on
January 19, 2017.
Dated: January 19, 2017.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2017–01658 Filed 1–24–17; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Proposed Collection;
Comment Request; Leasing
National Credit Union
Administration (NCUA).
ACTION: Notice and request for comment.
AGENCY:
The National Credit Union
Administration (NCUA), as part of a
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on the following
extension request of currently approved
collection, as required by the Paperwork
Reduction Act of 1995.
DATES: Written comments should be
received on or before March 27, 2017 to
be assured consideration.
ADDRESSES: Interested persons are
invited to submit written comments on
the information collections to Dawn
Wolfgang, National Credit Union
Administration, 1775 Duke Street, Suite
5067, Alexandria, Virginia 22314; Fax
No. 703–519–8579; or Email at
PRAComments@NCUA.gov.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0151.
Title: Leasing, 12 CFR part 714.
Abstract: Section 714.5 of NCUA’s
Regulations requires a federal credit
SUMMARY:
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Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Notices
union engaged in leasing to obtain or
have on file financial documentation
demonstrating that the guarantor of an
estimated residual value has the
resources to meet the guarantee.
Estimated residual value is the
projected future value of leased property
at lease end. The accuracy of the
estimated residual values used in a lease
program is a fundamental element in the
success or failure of a lease program.
The higher the estimated residual values
used by a federal credit union, the
greater the potential for loss. To mitigate
this risk, the leasing rule requires that
if the amount of the estimated residual
value relied on by the federal credit
union to satisfy the full payout lease
requirement exceeds 25 percent of the
original cost of the leased property, the
credit union must obtain a guarantee of
the excess from a financially capable
party.
If the guarantor cannot meet its
guarantee, a federal credit union may
suffer serious financial loss.
Accordingly, it is important that a
federal credit union documents that a
guarantor has the financial resources
and capability to meet the guarantee. If
the guarantor is an insurance company,
the federal credit union may satisfy this
record keeping requirement by
obtaining and maintaining information
demonstrating that the insurance
company has a rating equivalent to a B+
or better from a major rating company.
Type of Review: Extension of a
previously approved collection.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated No. of Respondents: 68.
Estimated Annual Frequency: 5.
Estimated Annual No. of Responses:
340.
Estimated Burden Hours per
Respondent: 2.
Estimated Total Annual Burden
Hours: 680.
An adjustment is due to the increase
in the number of credit unions that offer
leasing products, resulting in an
increase in burden.
REQUEST FOR COMMENTS: Comments
submitted in response to this notice will
be summarized and included in the
request for Office of Management and
Budget approval. All comments will
become a matter of public record. The
public is invited to submit comments
concerning: (a) Whether the collection
of information is necessary for the
proper execution of the function of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information, including the validity of
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20:29 Jan 24, 2017
Jkt 241001
the methodology and assumptions used;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of the
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology.
By Gerard Poliquin, Secretary of the Board,
the National Credit Union Administration, on
January 19, 2017.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2017–01646 Filed 1–24–17; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
Submission for OMB Review;
Comment Request
National Credit Union
Administration (NCUA).
ACTION: Notice.
AGENCY:
The National Credit Union
Administration (NCUA) will be
submitting the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before February 24, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
NCUA, New Executive Office Building,
Room 10235, Washington, DC 20503, or
email at OIRA_Submission@
OMB.EOP.gov and (2) NCUA PRA
Clearance Officer, 1775 Duke Street,
Alexandria, VA 22314, Suite 5067, or
email at PRAComments@ncua.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be
obtained by emailing PRAComments@
ncua.gov or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0176.
Title: Member Inspection of Credit
Union Books, Records, and Minutes.
Abstract: Section 701.3 of NCUA’s
regulations establishes the
circumstances and conditions under
which Federal credit union (FCU)
SUMMARY:
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8439
members may inspect and copy the
FCU’s books, records, and minutes of
meetings. The collection of information
requirements apply to FCU members
seeking inspection and copying of the
FCU’s records and FCUs that receive
such member requests. To obtain access
to records, members are required to
submit a petition to the FCU, stating a
proper purpose for inspection and
signed by at least one percent of the
members, with a minimum of 20 and a
maximum of 500 members. The FCU
must permit inspection of relevant
records if it receives such a petition.
The FCU uses the information in
determining whether and upon what
terms to provide records to members for
inspection. The petition signatures
collected by each FCU will be used by
the FCU to verify the membership status
of each petitioner.
Type of Review: Extension of a
previously approved collection.
Affected Public: Individuals and
Households; Private Sector: Not-forprofit institutions.
Estimated Total Annual Burden
Hours: 360.
OMB Number: 3133–XXXX.
Title: Contractor’s Diversity Profile.
Abstract: As part of NCUA’s mission,
the Office of Minority and Women
Inclusion (OMWI) ‘‘implements
standards and procedures to ensure, to
the maximum extent possible, the fair
inclusion and utilization of minorities,
women, and minority-owned and
women-owned businesses in all
business activities of the agency.’’
In accordance with Section 342 of the
Dodd-Frank Act that OMWIs ‘‘include a
written statement, in a form and with
such content as the [OMWI] Director
shall prescribe, that a contractor shall
ensure, to the maximum extent possible,
the fair inclusion of women and
minorities in the workforce of the
contractor and, as applicable,
subcontractors,’’ each new contract
award whose dollar value exceeds
$100,000 (NCUA’s Simplified
Acquisition Threshold) will include a
Good Faith Effort (GFE) Certification.
This certification is included in the
solicitation package and returned to
NCUA as part the contractor’s proposal,
with the understanding that the
contractor maybe required to provide
documentation in support of
certification. As part of this compliance
review, selected contractors will be sent
a Contractors Diversity Profile to
provide documentation outlined in the
GFE certification to NCUA. The
contractor would provide current
information on their diversity strategy,
policies, recruitment, planning and
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]]>Agencies
[Federal Register Volume 82, Number 15 (Wednesday, January 25, 2017)]
[Notices]
[Pages 8438-8439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-01646]
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collection;
Comment Request; Leasing
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The National Credit Union Administration (NCUA), as part of a
continuing effort to reduce paperwork and respondent burden, invites
the general public and other Federal agencies to comment on the
following extension request of currently approved collection, as
required by the Paperwork Reduction Act of 1995.
DATES: Written comments should be received on or before March 27, 2017
to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collections to Dawn Wolfgang, National Credit Union
Administration, 1775 Duke Street, Suite 5067, Alexandria, Virginia
22314; Fax No. 703-519-8579; or Email at PRAComments@NCUA.gov.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0151.
Title: Leasing, 12 CFR part 714.
Abstract: Section 714.5 of NCUA's Regulations requires a federal
credit
[[Page 8439]]
union engaged in leasing to obtain or have on file financial
documentation demonstrating that the guarantor of an estimated residual
value has the resources to meet the guarantee.
Estimated residual value is the projected future value of leased
property at lease end. The accuracy of the estimated residual values
used in a lease program is a fundamental element in the success or
failure of a lease program. The higher the estimated residual values
used by a federal credit union, the greater the potential for loss. To
mitigate this risk, the leasing rule requires that if the amount of the
estimated residual value relied on by the federal credit union to
satisfy the full payout lease requirement exceeds 25 percent of the
original cost of the leased property, the credit union must obtain a
guarantee of the excess from a financially capable party.
If the guarantor cannot meet its guarantee, a federal credit union
may suffer serious financial loss. Accordingly, it is important that a
federal credit union documents that a guarantor has the financial
resources and capability to meet the guarantee. If the guarantor is an
insurance company, the federal credit union may satisfy this record
keeping requirement by obtaining and maintaining information
demonstrating that the insurance company has a rating equivalent to a
B+ or better from a major rating company.
Type of Review: Extension of a previously approved collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated No. of Respondents: 68.
Estimated Annual Frequency: 5.
Estimated Annual No. of Responses: 340.
Estimated Burden Hours per Respondent: 2.
Estimated Total Annual Burden Hours: 680.
An adjustment is due to the increase in the number of credit unions
that offer leasing products, resulting in an increase in burden.
REQUEST FOR COMMENTS: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget approval. All comments will become a matter of public
record. The public is invited to submit comments concerning: (a)
Whether the collection of information is necessary for the proper
execution of the function of the agency, including whether the
information will have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
the information on the respondents, including the use of automated
collection techniques or other forms of information technology.
By Gerard Poliquin, Secretary of the Board, the National Credit
Union Administration, on January 19, 2017.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2017-01646 Filed 1-24-17; 8:45 am]
BILLING CODE 7535-01-P
