[Federal Register Volume 72, Number 40 (Thursday, March 1, 2007)]
[Notices]
[Pages 9360-9361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-3546]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

February 23, 2007.
    The Department of Labor (DOL) has submitted the following public 
information collection request (ICR) to the Office of Management and 
Budget (OMB) for review and approval in accordance with the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35). A copy of 
this ICR, with applicable supporting documentation, may be obtained 
from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain or by 
contacting Darrin King on 202-693-4129 (this is not a toll-free number) 
/ e-mail: [email protected].
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for the Employee Benefits Security 
Administration (EBSA), Office of Management and Budget, Room 10235, 
Washington, DC 20503, Telephone: 202-395-7316 / Fax: 202-395-6974 
(these are not toll-free numbers), within 30 days from the date of this 
publication in the Federal Register.
    The OMB is particularly interested in comments which:

[[Page 9361]]

     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title: PTE 88-59--Residential Mortgage Financing Arrangements 
Involving Employee Benefit Plans.
    OMB Number: 1210-0095.
    Type of Response: Recordkeeping and Third party disclosure.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Number of Respondents: 1,785.
    Estimated Number of Annual Responses: 8,925.
    Estimated Total Burden Hours: 744.
    Estimated Total Annualized capital/startup costs: $0.
    Estimated Total Annual Costs (operating/maintaining systems or 
purchasing services): $0.
    Description: Prohibited Transaction Exemption (PTE) 88-59 provides 
an exemption from certain prohibited transaction provisions of the 
Employment Retirement Income Security Act of 1974 and from certain 
taxes imposed by the Internal Revenue Code of 1986 for transactions in 
which an employee benefit plan provides mortgage financing to 
purchasers of residential dwelling units, provided specified conditions 
are met. Among other conditions, PTE 88-59 requires that adequate 
records pertaining to exempted transactions be maintained for the 
duration of the pertinent loan.

Darrin A. King,
Acting Departmental Clearance Officer.
[FR Doc. E7-3546 Filed 2-28-07; 8:45 am]
BILLING CODE 4510-29-P