[Federal Register Volume 72, Number 170 (Tuesday, September 4, 2007)]
[Notices]
[Pages 50699-50700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-17387]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

August 28, 2007.
    The Department of Labor (DOL) hereby announces the submission of 
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 the ICR, with applicable supporting 
documentation; including

[[Page 50700]]

among other things a description of the likely respondents, proposed 
frequency of response, and estimated total burden may be obtained from 
the RegInfo.gov Web site 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].
    Interested parties are encouraged to send comments to the Office of 
Information and Regulatory Affairs, Attn: Brenda Aguilar, 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 a toll-free 
numbers), E-mail: [email protected] within 30 days from the 
date of this publication in the Federal Register. In order to ensure 
the appropriate consideration, comments should reference the OMB 
Control Number (see below).
    The OMB is particularly interested in comments which:
     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: Regulation Relating to Loans to Plan Participants and 
Beneficiaries Who Are Parties in Interest With Respect to the Plan.
    OMB Number: 1210-0076.
    Frequency: On occasion.
    Type of Response: Third-party disclosure.
    Affected Public: Private Sector: Business or other for-profit and 
Not-for-profit institutions.
    Estimated Number of Respondents: 1,700.
    Estimated Total Burden Hours: 1.
    Estimated Total Annual Costs (operating/maintaining systems or 
purchasing services): $556,000.
    Description: The Department's regulation at 29 CFR 2550.408b-1 
describes the terms, under section 408(b)(1) of the Employee Retirement 
Income Security Act (ERISA), whereby plans loans to participants and 
beneficiaries are exempt from ERISA's prohibited transaction rules. 
Inter alia, the regulation describes the specific provisions regarding 
such loans that must be included in the plan document for the statutory 
exemption to apply.

Darrin A. King,
Acting Departmental Clearance Officer.
[FR Doc. E7-17387 Filed 8-31-07; 8:45 am]
BILLING CODE 4510-29-P