Agency Information Collection Activities: Information Collection Renewal; Comment Request, 14178-14179 [2021-05180]
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14178
Federal Register / Vol. 86, No. 47 / Friday, March 12, 2021 / Notices
restoring compliance with 14 CFR 33.14
and § 33.83(d) can no longer reasonably
be met.
[FR Doc. 2021–02206 Filed 3–11–21; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request
Office of the Comptroller of the
Currency, 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. An agency may
not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid OMB control
number.
DATES: Comments must be received by
May 11, 2021.
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, Office
of the Comptroller of the Currency,
Attention: 1557–0238, 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–
0238’’ 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.
You may review comments and other
related materials that pertain to this
SUMMARY:
VerDate Sep<11>2014
17:04 Mar 11, 2021
Jkt 253001
information collection beginning on the
date of publication of the second notice
for this collection 1 by the following
method:
• 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
‘‘1557–0238’’ or ‘‘Procedures to Enhance
the Accuracy and Integrity of
Information Furnished to Consumer
Reporting Agencies under Section 312
of the Fair and Accurate Credit
Transactions Act of 2003.’’ 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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, 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. 3501–3520), 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 and
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of part 44 requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed extension of this
collection of information.
Title: Procedures to Enhance the
Accuracy and Integrity of Information
Furnished to Consumer Reporting
Agencies under Section 312 of the Fair
and Accurate Credit Transactions Act of
2003 (FACT Act).
OMB Control No.: 1557–0238.
1 Following the close of this notice’s 60-day
comment period, the OCC will publish a second
notice with a 30-day comment period.
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
Type of Review: Regular.
Description: Pursuant to section 312
of the FACT Act, the OCC issued
guidelines for use by furnishers
regarding the accuracy and integrity of
the information about consumers that
they furnish to consumer reporting
agencies and prescribed regulations that
require furnishers to establish
reasonable policies and procedures for
implementing the guidelines. Section
312 also required the issuance of
regulations identifying the
circumstances under which a furnisher
must reinvestigate disputes about the
accuracy of information contained in a
consumer report based on a direct
request from a consumer.
Twelve CFR 1022.42(a) requires
furnishers to establish and implement
reasonable written policies and
procedures regarding the accuracy and
integrity of consumer information that
they provide to a consumer reporting
agency (CRA).
Twelve CFR 1022.43(a) requires a
furnisher to conduct a reasonable
investigation of a dispute initiated
directly by a consumer in certain
circumstances. Furnishers are required
to have procedures to ensure that
disputes received directly from
consumers are handled in a
substantially similar manner to those
complaints received through CRAs.
Twelve CFR 1022.43(f)(2)
incorporates the statutory requirement
that a furnisher must notify a consumer
by mail or other means (if authorized by
the consumer) not later than five
business days after making a
determination that a dispute is frivolous
or irrelevant. Twelve CFR 1022.43(f)(3)
incorporates the statute’s content
requirements for the notices.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,032 respondents.
Estimated Total Annual Burden:
185,603 hours.
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and become a matter of public
record. Comments are 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 burden of the collection
of information; (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
E:\FR\FM\12MRN1.SGM
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Federal Register / Vol. 86, No. 47 / Friday, March 12, 2021 / Notices
technology; and (e) Estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–05180 Filed 3–11–21; 8:45 am]
Policy Analyst, Federal Insurance
Office, Room 1410, Department of the
Treasury, 1500 Pennsylvania Avenue
NW, Washington, DC 20220, (202) 622–
3220. Persons who have difficulty
hearing or speaking may access these
numbers via TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
SUPPLEMENTARY INFORMATION:
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
2021 Terrorism Risk Insurance
Program Data Call
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Data Collection.
AGENCY:
Pursuant to the Terrorism
Risk Insurance Act of 2002, as amended
(TRIA), insurers that participate in the
Terrorism Risk Insurance Program (TRIP
or Program) are directed to submit
information for the 2021 TRIP Data Call,
which covers the reporting period from
January 1, 2020 to December 31, 2020.
Participating insurers are required to
register and report information in a
series of forms approved by the Office
of Management and Budget (OMB). All
insurers writing commercial property
and casualty insurance in lines subject
to TRIP, subject to certain exceptions
identified in this notice, must respond
to this data call no later than May 15,
2021.
DATES: Participating insurers must
register and submit data no later than
May 15, 2021.
ADDRESSES: Participating insurers will
register through a website that has been
established for this data call. After
registration, insurers will receive data
collection forms through a secure file
transfer portal, and they will submit the
requested data through the same secure
portal. Participating insurers can
register for the 2021 TRIP Data Call at
https://tripsection111data.com.
Additional information about the data
call, including sample data collection
forms and instructions, can be found on
the TRIP website at https://
home.treasury.gov/policy-issues/
financial-markets-financial-institutionsand-fiscal-service/federal-insuranceoffice/terrorism-risk-insurance-program/
annual-data-collection.
FOR FURTHER INFORMATION CONTACT:
Richard Ifft, Senior Insurance
Regulatory Policy Analyst, Federal
Insurance Office, Room 1410,
Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220, (202) 622–2922; or Lindsey
Baldwin, Senior Insurance Regulatory
SUMMARY:
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17:04 Mar 11, 2021
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I. Background
TRIA 1 created the Program within the
U.S. Department of the Treasury
(Treasury) to address disruptions in the
market for terrorism risk insurance, to
help ensure the continued availability
and affordability of commercial
property and casualty insurance for
terrorism risk, and to allow for the
private market to stabilize and build
insurance capacity to absorb any future
losses for terrorism events. The Program
has been reauthorized on a number of
occasions, and was most recently
extended until December 31, 2027.2
TRIA requires the Secretary of the
Treasury (Secretary) to collect certain
insurance data and information from
insurers on an annual basis regarding
their participation in the Program.3
TRIA also requires the Secretary to
prepare a biennial study on the
competitiveness of small insurers in the
terrorism risk insurance marketplace
(Small Insurer Study).4 The next Small
Insurer Study must be submitted to
Congress by June 30, 2021. The Federal
Insurance Office (FIO) is authorized to
assist the
Secretary in the administration of the
Program,5 including conducting the
annual data call and preparing reports
and studies required under TRIA.
FIO will be using the same data
collection forms, without material
changes, that were used during the 2020
TRIP Data Call. FIO solicited public
comment concerning these forms, after
their use during the 2020 TRIP Data
Call,6 and received no comments
objecting to the continued use of these
forms or proposing further revisions to
the forms. The forms were then
submitted for approval to the Office of
Management and Budget (OMB),
1 Public Law 107–297, 116 Stat. 2322, codified at
15 U.S.C. 6701, note. Because the provisions of
TRIA (as amended) appear in a note, instead of
particular sections, of the United States Code, the
provisions of TRIA are identified by the sections of
the law.
2 Terrorism Risk Insurance Program
Reauthorization Act of 2019, Public Law 116–94,
133 Stat. 2534.
3 TRIA, sec. 104(h)(1). Treasury regulations also
address the annual data collection requirement. See
31 CFR 50.51, 50.54.
4 TRIA, sec.108(h).
5 31 U.S.C. 313(c)(1)(D).
6 85 FR 41676 (July 10, 2020).
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Frm 00111
Fmt 4703
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14179
pursuant to the requirements of the
Paperwork Reduction Act. The data
collection forms have now been
approved for use by OMB under Control
Number 1505–0257 for a period ending
November 30, 2023.7
II. Elements of 2021 TRIP Data Call
For purposes of the 2021 TRIP Data
Call, FIO, state insurance regulators, and
the National Association of Insurance
Commissioners (NAIC) will again use
the consolidated data call mechanism
first developed for use in the 2018 TRIP
Data Call. This approach relies on four
joint reporting templates, to be
completed by Small Insurers, Non-Small
Insurers, Captive Insurers, and Alien
Surplus Lines Insurers, each as defined
below. The use of joint reporting
templates is designed to satisfy the
objectives of both Treasury and state
insurance regulators, while also
reducing burden on participating
insurers. State insurance regulators or
the NAIC will provide separate
notification regarding the reporting of
information into the state reporting
portal, including any reporting
requirements to state insurance
regulators that are distinct from the
Treasury requirements. Insurers subject
to the consolidated data call that are
part of a group will report on a group
basis, while those that are not part of a
group will report on an individual
company basis.
A. Reporting of Workers’ Compensation
Information
The TRIP Data Calls request certain
information relating to workers’
compensation insurance. For the 2021
TRIP Data Call, Treasury will again
work with the National Council on
Compensation Insurance (NCCI), the
California Workers’ Compensation
Insurance Rating Bureau (California
WCIRB), and the New York
Compensation Insurance Rating Board
(NYCIRB) to provide workers’
compensation data relating to premium
and payroll information on behalf of
participating insurers, either directly or
through other workers’ compensation
rating bureaus. The data aggregator used
by Treasury will provide such insurers
with reporting templates that do not
require them to report this workers’
compensation data. Reporting insurers
that write only workers’ compensation
policies are still required to register for
the 2021 TRIP Data Call and provide
general company information and data
7 Office of Information and Regulatory Affairs,
Office of Management & Budget, OMB Control No.
1505–0257, https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202009-1505-002.
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Agencies
[Federal Register Volume 86, Number 47 (Friday, March 12, 2021)]
[Notices]
[Pages 14178-14179]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05180]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request
AGENCY: Office of the Comptroller of the Currency, 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. An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number.
DATES: Comments must be received by May 11, 2021.
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, Office of the Comptroller of the Currency, Attention: 1557-
0238, 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
``1557-0238'' 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.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by the following method:
---------------------------------------------------------------------------
\1\ Following the close of this notice's 60-day comment period,
the OCC will publish a second notice with a 30-day comment period.
---------------------------------------------------------------------------
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 ``1557-0238'' or ``Procedures to Enhance the Accuracy and
Integrity of Information Furnished to Consumer Reporting Agencies under
Section 312 of the Fair and Accurate Credit Transactions Act of 2003.''
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.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490, 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. 3501-3520), 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 and requirements that members of the public submit reports,
keep records, or provide information to a third party. Section
3506(c)(2)(A) of part 44 requires Federal agencies to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, before submitting the collection to OMB for
approval. To comply with this requirement, the OCC is publishing notice
of the proposed extension of this collection of information.
Title: Procedures to Enhance the Accuracy and Integrity of
Information Furnished to Consumer Reporting Agencies under Section 312
of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act).
OMB Control No.: 1557-0238.
Type of Review: Regular.
Description: Pursuant to section 312 of the FACT Act, the OCC
issued guidelines for use by furnishers regarding the accuracy and
integrity of the information about consumers that they furnish to
consumer reporting agencies and prescribed regulations that require
furnishers to establish reasonable policies and procedures for
implementing the guidelines. Section 312 also required the issuance of
regulations identifying the circumstances under which a furnisher must
reinvestigate disputes about the accuracy of information contained in a
consumer report based on a direct request from a consumer.
Twelve CFR 1022.42(a) requires furnishers to establish and
implement reasonable written policies and procedures regarding the
accuracy and integrity of consumer information that they provide to a
consumer reporting agency (CRA).
Twelve CFR 1022.43(a) requires a furnisher to conduct a reasonable
investigation of a dispute initiated directly by a consumer in certain
circumstances. Furnishers are required to have procedures to ensure
that disputes received directly from consumers are handled in a
substantially similar manner to those complaints received through CRAs.
Twelve CFR 1022.43(f)(2) incorporates the statutory requirement
that a furnisher must notify a consumer by mail or other means (if
authorized by the consumer) not later than five business days after
making a determination that a dispute is frivolous or irrelevant.
Twelve CFR 1022.43(f)(3) incorporates the statute's content
requirements for the notices.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,032 respondents.
Estimated Total Annual Burden: 185,603 hours.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and become a matter of public
record. Comments are 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 burden of the collection of
information; (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
[[Page 14179]]
technology; and (e) Estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services to provide
information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2021-05180 Filed 3-11-21; 8:45 am]
BILLING CODE 4810-33-P