[Federal Register Volume 81, Number 194 (Thursday, October 6, 2016)]
[Notices]
[Pages 69551-69552]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24223]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection requests to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995, Public Law 104-13, on or 
after the date of publication of this notice.

DATES: Comments should be received on or before November 7, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory

[[Page 69552]]

Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Alexandria, VA 22314, Suite 5067, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected] or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0108.
    Type of Review: Extension of a previously approved collection.
    Title: Monitoring Bank Secrecy Act Compliance, 12 CFR 748.2.
    Abstract: Section 748.2 of NCUA's regulations, directs credit 
unions to establish a Bank Secrecy Act (BSA) compliance program that 
maintains procedures designed to assure and monitor compliance with the 
requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301-5329), the 
Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000-
1099), Financial Crimes Enforcement Network, Department of the 
Treasury. Each federally insured credit union (FICU) must develop and 
provide for the continued administration of a BSA compliance program to 
assure and monitor compliance with the recordkeeping and recording 
requirements prescribed by the BSA. At a minimum, a compliance program 
shall provide for a system of internal controls, independent testing 
for compliance, designation of an individual responsible for 
coordinating and monitoring day-to-day compliance; and training. NCUA 
examiners review the program to determine whether the credit union's 
procedures comply with all BSA requirements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 95,264.
    OMB Number: 3133-0146.
    Type of Review: Extension of a previously approved collection.
    Title: Production of Non-public Records and Testimony of Employees 
in Legal Proceedings (Touhy Request).
    Abstract: Title 12 CFR part 792, subpart C, requires anyone 
requesting NCUA non-public records for use in legal proceedings, or 
similarly the testimony of NCUA personnel, to provide NCUA with 
information regarding the requester's grounds for the request. This 
process is also known as a ``Touhy Request''. The information collected 
will help the NCUA decide whether to release non-public records or 
permit employees to testify in legal proceedings.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 40.
    OMB Number: 3133-0181.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Registration of Mortgage Loan Originators
    Abstract: The Secure and Fair Enforcement for Mortgage Licensing 
Act (S.A.F.E. Act), 12 U.S.C. 5101 et seq., as codified by 12 CFR part 
1007, requires an employee of a bank, savings association, or credit 
union or a subsidiary regulated by a Federal banking agency or an 
employee of an institution regulated by the Farm Credit Administration 
(FCA), (collectively, Agency-regulated Institutions) who engages in the 
business of a residential mortgage loan originator (MLO) to register 
with the Nationwide Mortgage Licensing System and Registry (Registry) 
and obtain a unique identifier. Agency-regulated institutions must also 
adopt and follow written policies and procedures to assure compliance 
with the S.A.F.E. Act. The Registry is intended to aggregate and 
improve the flow of information to and between regulators; provide 
increased accountability and tracking of mortgage loan originators; 
enhance consumer protections; reduce fraud in the residential mortgage 
loan origination process; and provide consumers with easily accessible 
information at no charge regarding the employment history of, and the 
publicly adjudicated disciplinary and enforcement actions against MLOs.
    Affected Public: Individuals or households; Private Sector: Not-
for-profit institutions.
    Estimated Total Annual Burden Hours: 76,204.
    By John Brolin, Acting Secretary of the Board, the National Credit 
Union Administration, on October 3, 2016.

    Dated: October 3, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-24223 Filed 10-5-16; 8:45 am]
 BILLING CODE 7535-01-P