Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Consumer Protections for Depository Institution Sales of Insurance, 24199-24201 [2019-10831]
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Federal Register / Vol. 84, No. 101 / Friday, May 24, 2019 / Notices
Officer, (202) 649–5490 or, for persons
who are deaf or hearing impaired, TTY,
(202) 649–5597, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW, Suite 3E–
218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501 et seq.), federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. The OCC
asks OMB to extend its approval of this
information collection.
Title: Interagency Statement on
Complex Structured Finance
Transactions.
OMB Control No.: 1557–0229.
Description: The Interagency Statement
on Sound Practices Concerning Elevated
Risk Complex Structured Finance
Activities 2 describes the types of
internal controls and risk management
procedures that the agencies (OCC,
Board of Governors of the Federal
Reserve System, Federal Deposit
Insurance Corporation, and Securities
and Exchange Commission) consider
particularly effective in helping
financial institutions identify and
address the reputational, legal, and
other risks associated with complex
structured finance transactions. Those
internal controls and risk management
procedures form the basis of this
information collection.
Affected Public: Businesses or other
for-profit.
Type of Review: Regular.
Estimated Number of Respondents: 9.
Estimated Annual Burden: 225 hours.
Frequency of Response: On occasion.
On February 5, 2019, the OCC issued
a notice for 60 days of comment
concerning this collection. No
comments were received. Comments
continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
2 72
FR 1372 (January 11, 2007).
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Jkt 247001
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: May 17, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–10832 Filed 5–23–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2019–0008]
Minority Depository Institutions
Advisory Committee
Office of the Comptroller of the
Currency, Department of the Treasury.
ACTION: Notice.
AGENCY:
The Office of the Comptroller
of the Currency (OCC) announces a
meeting of the Minority Depository
Institutions Advisory Committee
(MDIAC).
DATES: The OCC MDIAC will hold a
public meeting on Wednesday, June 12,
2019, beginning at 1:00 p.m. Central
Daylight Time (CDT).
ADDRESSES: The OCC will hold the June
12, 2019 meeting of the MDIAC at the
Office of the Comptroller of the
Currency, 500 North Akard Street, Suite
1600, Dallas, Texas 75201.
FOR FURTHER INFORMATION CONTACT:
Beverly Cole, Designated Federal Officer
and Deputy Comptroller for Compliance
Supervision, (202) 649–6862, Office of
the Comptroller of the Currency,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: By this
notice, the OCC is announcing that the
MDIAC will convene a meeting at 1:00
p.m. CDT on Wednesday, June 12, 2019,
at the Office of the Comptroller of the
Currency, 500 Akard Street, Suite 1600,
Dallas, Texas 75201. Agenda items will
include current topics of interest to the
industry. The purpose of the meeting is
for the MDIAC to advise the OCC on
steps the agency may be able to take to
ensure the continued health and
viability of minority depository
institutions and other issues of concern
to minority depository institutions.
Members of the public may submit
written statements to the MDIAC by any
one of the following methods:
• Email to: MDIAC@OCC.treas.gov.
• Mail to: Beverly Cole, Designated
Federal Officer, Office of the
SUMMARY:
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24199
Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219.
The OCC must receive written
statements no later than 5:00 p.m. EDT
on Wednesday, June 5, 2019. Members
of the public who plan to attend the
meeting should contact the OCC by 5:00
p.m. EDT on Wednesday, June 5, 2019,
to inform the OCC of their desire to
attend the meeting and to provide
information that will be required to
facilitate entry into the meeting.
Members of the public may contact the
OCC via email at MDIAC@OCC.treas.gov
or by telephone at (202) 649–6862.
Attendees should provide their full
name, email address, and organization,
if any. For security reasons, attendees
will be subject to security screening
procedures and must present a valid
government-issued identification to
enter the building. Members of the
public who are hearing impaired should
call (202) 649–5597 (TTY) no later than
5:00 p.m. EDT on Wednesday, June 5,
2019, to arrange auxiliary aids such as
sign language interpretation for this
meeting.
Dated: May 20, 2019.
Joseph M. Otting,
Comptroller of the Currency.
[FR Doc. 2019–10830 Filed 5–23–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Consumer Protections for Depository
Institution Sales of Insurance
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other federal
agencies to take this opportunity to
comment on a continuing information
collection as required by the Paperwork
Reduction Act of 1995 (PRA).
In accordance with the requirements
of the PRA, the OCC may not conduct
or sponsor, and respondents are not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number.
The OCC is soliciting comment
concerning renewal of its information
collection titled ‘‘Consumer Protections
for Depository Institution Sales of
SUMMARY:
E:\FR\FM\24MYN1.SGM
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24200
Federal Register / Vol. 84, No. 101 / Friday, May 24, 2019 / Notices
Insurance.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: Comments must be received by
June 24, 2019.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, 1557–
0220, Office of the Comptroller of the
Currency, 400 7th Street SW, Suite 3E–
218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0220’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0220, U.S. Office of
Management and Budget, 725 17th
Street NW, #10235, Washington, DC
20503 or by email to oira_submission@
omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection 1 following the
close of the 30-day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0220’’ or ‘‘Consumer Protections
for Depository Institution Sales of
Insurance.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
1 On November 9, 2018, the OCC published a 60day notice for this information collection, 83 FR
56150.
VerDate Sep<11>2014
18:10 May 23, 2019
Jkt 247001
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. For security reasons, the OCC
requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 649–6700 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Chief Counsel’s Office, Office
of the Comptroller of the Currency, 400
7th Street SW, Suite 3E–218,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501 et seq.), federal
agencies must obtain approval from
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. The OCC
requests that OMB extend its approval
of the following collection.
Title: Consumer Protections for
Depository Institution Sales of
Insurance.
OMB Control No.: 1557–0220.
Type of Review: Extension, without
revision, of a currently approved
collection.
Description: This information
collection is required under section 305
of the Gramm-Leach-Bliley Act (GLB
Act), 12 U.S.C. 1831x. Section 305 of the
GLB Act requires the OCC, the Board of
Governors of the Federal Reserve
System, and the Federal Deposit
Insurance Corporation (collectively, the
Agencies) to prescribe joint consumer
protection regulations that apply to
retail sales practices, solicitations,
advertising, and offers of any insurance
product by a depository institution or by
other persons performing these
activities at an office of the institution
or on behalf of the institution (other
covered persons). Section 305 also
requires those performing such
activities to disclose certain information
to consumers (e.g., that insurance
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Sfmt 4703
products and annuities are not FDICinsured).
This information collection requires
national banks, federal savings
associations, and other covered persons
involved in insurance sales, as defined
in 12 CFR 14.20(f), to make two separate
disclosures to consumers. Under 12 CFR
14.40, a national bank, federal savings
association, or other covered person
must prepare and provide orally and in
writing: (1) Certain insurance
disclosures to consumers before the
completion of the initial sale of an
insurance product or annuity to a
consumer and (2) certain credit
disclosures at the time of application for
the extension of credit (if insurance
products or annuities are sold, solicited,
advertised, or offered in connection
with an extension of credit).
Consumers use the disclosures to
understand the risks associated with
insurance products and annuities and to
understand that they are not required to
purchase, and may refrain from
purchasing, certain insurance products
or annuities in order to qualify for an
extension of credit.
Affected Public: Businesses or other
for-profit.
Frequency: On occasion.
Estimated Burden:
Estimated Number of Respondents:
527.
Total Estimated Burden Hours: 10,189
hours. This estimate was increased from
2,635. As the OCC does not track the
number of disclosures under part 14, the
number of similar disclosures under
Regulation Z (12 CFR part 1026) was
used as a proxy.
Comments: The OCC issued a notice
for 60 days of comment concerning this
collection on November 9, 2018, 83 FR
56150. No comments were received.
Comments continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of the operation,
maintenance, and purchase of services
necessary to provide the required
information.
E:\FR\FM\24MYN1.SGM
24MYN1
Federal Register / Vol. 84, No. 101 / Friday, May 24, 2019 / Notices
Dated: May 17, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–10831 Filed 5–23–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Internal Revenue Service Advisory
Council (IRSAC); Nominations
Internal Revenue Service,
Department of the Treasury.
ACTION: Request for nominations.
AGENCY:
The Internal Revenue Service
(IRS) is requesting applications from
individuals to be considered for
selection as members of the Internal
Revenue Service Advisory Council
(IRSAC). Applications are currently
being accepted for approximately 14
appointments that will begin in January
2020. IRSAC members are drawn from
substantially diverse backgrounds
representing a cross-section of the
taxpaying public with substantial,
disparate experience.
DATES: Written nominations must be
received on or before June 10, 2019.
ADDRESSES: Nominations should be
submitted to: Anna Millikan, IRS
National Public Liaison, via email to
publicliaison@irs.gov. Nominations may
also be submitted via fax to 855–811–
8021. Applications are available on the
IRS website at https://www.irs.gov/pub/
irs-pdf/f12339.pdf.
FOR FURTHER INFORMATION CONTACT:
Anna Millikan at 202–317–6851 (not a
toll-free number) or send an email to
publicliaison@irs.gov.
SUPPLEMENTARY INFORMATION:
Nominations of qualified individuals
may come from individuals or
organizations. They should describe and
document the proposed member’s
qualifications for IRSAC. In particular,
the IRSAC is seeking applicants with
knowledge and background in one of
the following areas:
Large Business & International:
International tax expertise, experience
as a certified public accountant working
in or for a large, sophisticated
organization, and/or experience working
in-house at a major firm dealing with
complex organizations.
Small Business & Self-Employed:
Experience with online or digital
businesses, experience with audit
representation, experience educating on
tax issues and topics, knowledge of
passthrough entities, and/or knowledge
of fiduciary tax.
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SUMMARY:
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18:10 May 23, 2019
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Tax Exempt & Government Entities:
Experience in tax exempt bonds and/or
experience in employment tax and
federal, state, local or Indian tribal
governments.
Wage & Investment: Tax software and
software industry experience, Volunteer
Income Tax Assistance and Tax
Counseling for the Elderly experience,
experience marketing and applying
industry benchmarks to operations,
background in information technology
financial services, with knowledge of
technology innovations in public and
private customer service sectors, and/or
experience with S-corporations and
partnership information returns.
The IRSAC serves as an advisory body
to the Commissioner of Internal
Revenue and provides an organized
public forum for discussion of relevant
tax administration issues between IRS
officials and representatives of the
public. The IRSAC proposes
enhancements to IRS operations,
recommends administrative and policy
changes to improve taxpayer service,
compliance and tax administration,
discusses relevant information reporting
issues, addresses matters concerning
tax-exempt and government entities,
and conveys the public’s perception of
professional standards and best
practices for tax professionals.
This is a volunteer position. Travel
expenses within government guidelines
will be reimbursed. Appointed by the
Commissioner of Internal Revenue with
the concurrence of the Secretary of the
Treasury, IRSAC members will serve
three-year terms to allow for a rotation
in membership which ensures that
different perspectives are represented.
In accordance with the Department of
the Treasury Directive 21–03, a
clearance process, including annual tax
checks and a practitioner check with the
IRS Office of Professional
Responsibility, will be conducted. In
addition, all applicants deemed ‘‘Best
Qualified’’ shall undergo a Federal
Bureau of Investigation fingerprint
check.
The IRSAC is authorized under the
Federal Advisory Committee Act, Public
Law 92–463. The first Advisory Group
to the Commissioner of Internal
Revenue—or the Commissioner’s
Advisory Group (‘‘CAG’’)—was
established in 1953 as a ‘‘national policy
and/or issue advisory committee.’’
Renamed in 1998, the Internal Revenue
Service Advisory Council (IRSAC)
reflects the agency-wide scope of its
focus as an advisory body to the entire
agency.
All applicants will be sent an
acknowledgment of receipt.
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24201
Equal opportunity practices will be
followed for all appointments to the
IRSAC in accordance with the
Department of the Treasury and IRS
policies. The IRS has special interest in
assuring that women and men, members
of all races and national origins, and
individuals with disabilities have an
opportunity to serve on advisory
committees. Therefore, the IRS extends
particular encouragement to
nominations from such appropriatelyqualified candidates.
Dated: April 29, 2019.
John Lipold,
Chief, Relationship Management, IRS
National Public Liaison, Designated Federal
Official, IRSAC.
[FR Doc. 2019–10465 Filed 5–23–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0860]
Agency Information Collection
Activity: Reimbursement of Adoption
Expenses for Certain Veterans
Veterans Health
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
Veterans Health
Administration, Department of Veterans
Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of a currently approved
collection, and allow 60 days for public
comment in response to the notice.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before July 23, 2019,
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Brian McCarthy, Office of Regulatory
and Administrative Affairs (10B4),
Department of Veterans Affairs, 810
Vermont Avenue NW, Washington, DC
20420 or email to Brian.McCarthy4@
va.gov. Please refer to ‘‘OMB Control
No. 2900–0860’’ in any correspondence.
During the comment period, comments
may be viewed online through FDMS.
FOR FURTHER INFORMATION CONTACT:
Brian McCarthy at (202) 615–9241.
SUMMARY:
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]]>Agencies
[Federal Register Volume 84, Number 101 (Friday, May 24, 2019)]
[Notices]
[Pages 24199-24201]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10831]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Consumer Protections for Depository
Institution Sales of Insurance
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other federal
agencies to take this opportunity to comment on a continuing
information collection as required by the Paperwork Reduction Act of
1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not
conduct or sponsor, and respondents are not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number.
The OCC is soliciting comment concerning renewal of its information
collection titled ``Consumer Protections for Depository Institution
Sales of
[[Page 24200]]
Insurance.'' The OCC also is giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by June 24, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0220, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0220'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0220, U.S. Office of Management and Budget, 725 17th
Street NW, #10235, Washington, DC 20503 or by email to
[email protected].
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-day
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------
\1\ On November 9, 2018, the OCC published a 60-day notice for
this information collection, 83 FR 56150.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0220'' or ``Consumer Protections for Depository
Institution Sales of Insurance.'' Upon finding the appropriate
information collection, click on the related ``ICR Reference Number.''
On the next screen, select ``View Supporting Statement and Other
Documents'' and then click on the link to any comment listed at the
bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
federal agencies must obtain approval from OMB for each collection of
information that they conduct or sponsor. ``Collection of information''
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency
requests or requirements that members of the public submit reports,
keep records, or provide information to a third party. The OCC requests
that OMB extend its approval of the following collection.
Title: Consumer Protections for Depository Institution Sales of
Insurance.
OMB Control No.: 1557-0220.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: This information collection is required under section
305 of the Gramm-Leach-Bliley Act (GLB Act), 12 U.S.C. 1831x. Section
305 of the GLB Act requires the OCC, the Board of Governors of the
Federal Reserve System, and the Federal Deposit Insurance Corporation
(collectively, the Agencies) to prescribe joint consumer protection
regulations that apply to retail sales practices, solicitations,
advertising, and offers of any insurance product by a depository
institution or by other persons performing these activities at an
office of the institution or on behalf of the institution (other
covered persons). Section 305 also requires those performing such
activities to disclose certain information to consumers (e.g., that
insurance products and annuities are not FDIC-insured).
This information collection requires national banks, federal
savings associations, and other covered persons involved in insurance
sales, as defined in 12 CFR 14.20(f), to make two separate disclosures
to consumers. Under 12 CFR 14.40, a national bank, federal savings
association, or other covered person must prepare and provide orally
and in writing: (1) Certain insurance disclosures to consumers before
the completion of the initial sale of an insurance product or annuity
to a consumer and (2) certain credit disclosures at the time of
application for the extension of credit (if insurance products or
annuities are sold, solicited, advertised, or offered in connection
with an extension of credit).
Consumers use the disclosures to understand the risks associated
with insurance products and annuities and to understand that they are
not required to purchase, and may refrain from purchasing, certain
insurance products or annuities in order to qualify for an extension of
credit.
Affected Public: Businesses or other for-profit.
Frequency: On occasion.
Estimated Burden:
Estimated Number of Respondents: 527.
Total Estimated Burden Hours: 10,189 hours. This estimate was
increased from 2,635. As the OCC does not track the number of
disclosures under part 14, the number of similar disclosures under
Regulation Z (12 CFR part 1026) was used as a proxy.
Comments: The OCC issued a notice for 60 days of comment concerning
this collection on November 9, 2018, 83 FR 56150. No comments were
received. Comments continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the information
collection burden;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of the
operation, maintenance, and purchase of services necessary to provide
the required information.
[[Page 24201]]
Dated: May 17, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-10831 Filed 5-23-19; 8:45 am]
BILLING CODE 4810-33-P
