[Federal Register Volume 75, Number 100 (Tuesday, May 25, 2010)]
[Notices]
[Pages 29386-29387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-12455]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Consumer Protections for Depository Institution Sales of 
Insurance

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the 
Department of the Treasury will submit the proposed information 
collection requirement described below to the Office of Management and 
Budget (OMB) for review, as required by the Paperwork Reduction Act. 
Today, OTS is soliciting public comments on its proposal to extend this 
information collection.

DATES: Submit written comments on or before July 26, 2010.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS 
will post comments and the related index on the OTS Internet Site at 
http://www.ots.treas.gov. In addition, interested persons may inspect 
comments at the Public Reading Room, 1700 G Street, NW., by 
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection from Suzanne McQueen (202) 
906-6459, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection.
    Title of Proposal: Consumer Protection for Depository Institution 
Sales of Insurance.
    OMB Number: 1550-0106.
    Regulation Requirements: 12 CFR part 536.
    Form Number: N/A.
    Description: These information collections are required under 
section 305 of the Gramm-Leach-Bliley Act (GLB Act), Public Law 106-
102. Section 305 of the GLB Act required the Office of the Comptroller 
of the Currency, Board of Governors of the Federal Reserve System, 
Federal Deposit Insurance Corporation, and Office of Thrift Supervision 
to prescribe joint consumer protection regulations. OTS's regulations 
are found at 12 CFR part 536. The regulations 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. Section 305 requires those performing such activities to 
disclose certain information to consumers and to obtain consumers' 
acknowledgements.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 765.
    Estimated Burden Hours per Responses: 1.5 minutes.
    Estimated Number of Responses: 629,660.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 15,742 hours.


[[Page 29387]]


    Dated: May 19, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-12455 Filed 5-24-10; 8:45 am]
BILLING CODE 6720-01-P