[Federal Register Volume 84, Number 29 (Tuesday, February 12, 2019)]
[Notices]
[Page 3503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02091]


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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 submit 
the following information collection request to the Office of 
Management and Budget (OMB) for review and clearance in accordance with 
the Paperwork Reduction Act of 1995, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before March 14, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of this information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
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, Suite 5080, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mackie Malaka at (703) 548-2704, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0141.
    Type of Review: Extension of a currently approved collection.
    Title: Organization and Operations of Federal Credit Unions--Loan 
Participation, 12 CFR 701.22.
    Abstract: NCUA rules and regulations, Sec. Sec.  701.22 and 
741.225, outline the requirements for a loan participation program. 
Federally Insured Credit Unions (FICU) are required to execute a 
written loan participation agreement with the lead lender. 
Additionally, the rule requires all FICUs to maintain a loan 
participation policy that establishes underwriting standards and 
maximum concentration limits. Credit unions may apply for waivers on 
certain key provisions of the rule.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,010.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on February 7, 2019.

    Dated: February 7, 2019.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2019-02091 Filed 2-11-19; 8:45 am]
BILLING CODE 7535-01-P