Submission for OMB Review; Comment Request, 16073 [2017-06353]

Download as PDF Federal Register / Vol. 82, No. 61 / Friday, March 31, 2017 / Notices section will cease. Accumulations of coal and combustible materials referenced in 30 CFR 75.400 will be removed before testing begins to provide additional safety to miners. (7) All electronic testing and diagnostic equipment will be used in accordance with the manufacturer’s recommendations. (8) Qualified personnel who use electronic testing and diagnostic equipment will be properly trained to recognize the hazards and limitations associated with use of the equipment. The petitioner asserts that the proposed alternative method will at all times guarantee no less than the same measure of protection afforded by the existing standard. Sheila McConnell, Director, Office of Standards, Regulations, and Variances. [FR Doc. 2017–06344 Filed 3–30–17; 8:45 am] BILLING CODE 4520–43–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, on or after the date of publication of this notice. DATES: Comments should be received on or before May 1, 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 contacting Dawn Wolfgang, NCUA PRA Clearance Officer, at (703) 548–2279, emailing PRAComments@ ncua.gov, or viewing the entire sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:31 Mar 30, 2017 Jkt 241001 information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0151. Title: Leasing, 12 CFR part 714. Abstract: Section 714.5 of NCUA’s Regulations 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 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 currently approved collection. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 680. OMB Number: 3133–0135. 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 uses this information to update their electronic routing and transit database to enable transmittal of funds and payments. This collection of information is needed to allow NCUA authorization to make financial transactions electronically PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 16073 through the Automated Clearing House (ACH) in compliance with the Debt Collection Improvement Act of 1996. Type of Review: Extension of a currently approved collection. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Annual Burden Hours: 25. OMB Number: 3133–0166. Title: Home Mortgage Disclosure Act (HMDA), 12 CFR 1003 (Regulation C). Abstract: 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, and purpose; and, if the loan is sold, the type of purchaser; Each applicant or borrower, including ethnicity, race, sex, and income; and Each property, including location and occupancy status. A covered lender generally must update information quarterly and must submit the completed loan application register (LAR) annually to the appropriate Federal agency by March 1 of the year following the year covered by the LAR. 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 to make available at its home office. A covered lender must make each public disclosure statement available to the public for five years and retain its completed LAR for three years. Type of Review: Extension of a currently approved collection. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 74,542. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on March 28, 2017. Dated: March 28, 2017. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2017–06353 Filed 3–30–17; 8:45 am] BILLING CODE 7535–01–P NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES National Endowment for the Arts Proposed Collection; Comment Request ACTION: E:\FR\FM\31MRN1.SGM Notice. 31MRN1

Agencies

[Federal Register Volume 82, Number 61 (Friday, March 31, 2017)]
[Notices]
[Page 16073]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06353]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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

SUMMARY: 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, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before May 1, 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 contacting Dawn Wolfgang, NCUA PRA Clearance Officer, at 
(703) 548-2279, emailing PRAComments@ncua.gov, or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0151.
    Title: Leasing, 12 CFR part 714.
    Abstract: Section 714.5 of NCUA's Regulations 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 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 currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 680.

    OMB Number: 3133-0135.
    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 uses this information to update their electronic routing 
and transit database to enable transmittal of funds and payments. This 
collection of information is needed to allow NCUA authorization to make 
financial transactions electronically through the Automated Clearing 
House (ACH) in compliance with the Debt Collection Improvement Act of 
1996.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 25.

    OMB Number: 3133-0166.
    Title: Home Mortgage Disclosure Act (HMDA), 12 CFR 1003 (Regulation 
C).
    Abstract: 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, and purpose; and, if the loan is sold, the type of purchaser; 
Each applicant or borrower, including ethnicity, race, sex, and income; 
and Each property, including location and occupancy status.
    A covered lender generally must update information quarterly and 
must submit the completed loan application register (LAR) annually to 
the appropriate Federal agency by March 1 of the year following the 
year covered by the LAR. 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 to make available at its home 
office. A covered lender must make each public disclosure statement 
available to the public for five years and retain its completed LAR for 
three years.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 74,542.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on March 28, 2017.

     Dated: March 28, 2017.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2017-06353 Filed 3-30-17; 8:45 am]
BILLING CODE 7535-01-P
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