Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 7452-7453 [2022-02692]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 87, Number 27 (Wednesday, February 9, 2022)]
[Notices]
[Pages 7452-7453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02692]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0152; -0190]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collections described below (OMB Control No. 
3064-0152; and--0190).

DATES: Comments must be submitted on or before April 11, 2022.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: ID Theft Red Flags.
    OMB Number: 3064-0152.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0152]
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                                                                                                                    Number of
                                            Type of burden  (obligation                                Number of    responses    Hours per      Annual
    Information collection description              to respond)             Frequency of  response    respondents      per        response      burden
                                                                                                                    respondent                 (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                     FACT Act Section 114: Identity Theft Prevention
--------------------------------------------------------------------------------------------------------------------------------------------------------
Program Establishment 12 CFR 334.90(d);    Recordkeeping (Mandatory)...  Annual.....................            8            1           40          320
 12 CFR 334.91(c).
Program Operations 12 CFR 334.90(c),(e);   Recordkeeping (Mandatory)...  Annual.....................        3,171            1           16       50,832
 12 CFR 334.91(c).
                                                                                                     ---------------------------------------------------
    Section 114 Hours Subtotal...........  ............................  ...........................  ...........  ...........  ...........       51,152
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                    FACT Act Section 315: Address Discrepancy Program
--------------------------------------------------------------------------------------------------------------------------------------------------------
Program Establishment 12 CFR               Recordkeeping (Mandatory)...  Annual.....................            8            1           40          320
 334.82(c),(d).
Program Operations 12 CFR 334.82(c),(d)..  Recordkeeping (Mandatory)...  Annual.....................        3,111            1            4       12,444
Specific Incident Responses 12 CFR         Disclosures (Mandatory).....  On occasion................        3,111         17.1       0.1667        8,868
 334.82(d)(1-3).
                                                                                                     ---------------------------------------------------
    Section 315 Hours Subtotal...........  ............................  ...........................  ...........  ...........  ...........       21,632
                                                                                                     ---------------------------------------------------
        Total Annual Burden (Hours)......  ............................  ...........................  ...........  ...........  ...........       72,784
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The regulation containing this 
information collection requirement is 12 CFR part 334, which implements 
sections 114 and 315 of the Fair and Accurate Credit Transactions Act 
of 2003 (FACT Act), Public Law 108-159 (2003). FACT Act Section 114: 
Section 114 requires the Board of Governors of the Federal Reserve 
System, the Office of the Comptroller of the Currency and the FDIC (the 
Agencies) to jointly propose guidelines for financial institutions and 
creditors identifying patterns, practices, and specific forms of 
activity that indicate the possible existence of identity theft. In 
addition, each financial institution and creditor is required to 
establish reasonable policies and procedures to address the risk of 
identity theft that incorporate the guidelines. Credit card and debit 
card issuers must develop policies and procedures to assess the 
validity of a request for a change of address under certain 
circumstances. The information collections pursuant to section 114 
require each financial institution and creditor to create an Identity 
Theft Prevention Program and report to the board of directors, a 
committee thereof, or senior management at least annually on compliance 
with the proposed regulations. In addition, staff must be trained to 
carry out the program. Each credit and debit card issuer is required to 
establish policies and procedures to assess the validity of a change of 
address request. The card issuer must notify the cardholder or use 
another means to assess the validity of the change of address. FACT Act 
Section 315: Section 315 requires the Agencies to issue regulations 
providing guidance regarding reasonable policies and procedures that a 
user of consumer reports must employ when such a user receives a notice 
of address discrepancy from a consumer reporting agencies. Part 334 
provides such guidance. Each user of consumer reports must develop

[[Page 7453]]

reasonable policies and procedures that it will follow when it receives 
a notice of address discrepancy from a consumer reporting agency. A 
user of consumer reports must furnish an address that the user has 
reasonably confirmed to be accurate to the consumer reporting agency 
from which it receives a notice of address discrepancy.
    There is no change in the method or substance of the information 
collection. The total estimated annual burden hours have increased due 
to the inclusion of estimated program establishment costs for de novo 
institutions and the introduction of the costs of responses to specific 
address discrepancy incidents for newly established consumer accounts.

    2. Title: Interagency Appraisal Complaint Form.
    OMB Number: 3064-0190.
    Form Numbers: None.
    Affected Public: Individuals, financial institutions and other 
private sector entities.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0190]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                    Number of
                                            Type of burden  (obligation                                Number of    responses    Hours per      Annual
    Information collection description              to respond)             Frequency of  response    respondents      per        response      burden
                                                                                                                    respondent                 (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Appraisal Complaint Form.....  Reporting (Voluntary).......  On Occasion................          116            1          0.5           58
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: As provided in section 1473(p) 
of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act), on January 12, 2011, the Appraisal Subcommittee (``ASC''), 
of the Federal Financial Institutions Examination Council (FFIEC) 
determined that no national hotline existed to receive complaints of 
noncompliance with appraisal standards. A notice of that determination 
was published in the Federal Register on January 28, 2011 (76 FR 5161). 
As required by the Dodd-Frank Act, the ASC established a hotline to 
refer complaints to appropriate state and Federal regulators. For those 
instances where the ASC determines the FDIC, OCC, FRB, or NCUA is the 
appropriate regulator, the agencies developed the Interagency Appraisal 
Complaint Form as a means to efficiently collect necessary information. 
The Interagency Appraisal Complaint Form is designed to collect 
information necessary for one or more agencies to take further action 
on a complaint from an appraiser, other individual, financial 
institution, or other entities. The FDIC will use the information to 
take further action on the complaint to the extent it relates to an 
issue within its jurisdiction.
    There is no change in the method or substance of the collection. 
The overall increase in burden hours (from 20 hours to 58 hours) is the 
result of a change in the agency's estimate of the number of annual 
responses based on a review of the actual number of complaints received 
over the last five years. In particular, the estimated number of 
respondents has increased from 40 to 116 while the estimated time per 
response and the frequency of response have remained the same.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
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 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, on February 4, 2022.

Federal Deposit Insurance Corporation.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-02692 Filed 2-8-22; 8:45 am]
BILLING CODE 6714-01-P