[Federal Register Volume 88, Number 87 (Friday, May 5, 2023)]
[Notices]
[Page 29167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-09533]


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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collections for Comments Request: 
Proposed Collections

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
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, on or after the date of 
publication of this notice.

DATES: Written comments should be received on or before July 5, 2023 to 
be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mahala Vixamar, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0135.
    Title: Authorization Agreement for Electronic Funds Transfers 
Payments.
    Type of Review: Extension of a previously approved collection.
    Abstract: NCUA is required under the Debt Collection Improvement 
Act of 1996 to issue payments to credit unions electronically. NCUA 
needs information to maintain up-to-date and accurate electronic 
payment data for new and existing credit unions. NCUA used the 
information on the Authorization Agreement for Electronic Funds 
Transfer Payments form to update their electronic routing and transit 
database to enable transmittal of funds and payments.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 25.
    OMB Number: 3133-0151.
    Type of Review: Extension of a previously approved collection.
    Title: Leasing--12 CFR part 714.
    Abstract: NCUA requires the financially responsible party to 
guarantee the excess when the residual value of a lease will exceed 
twenty-five percent of the original cost of the leased property. The 
federal credit union must obtain and have on file financial 
documentation demonstrating that the guarantor has the resources to 
meet the guarantee. If a manufacturer is involved, the federal credit 
union must review financial statements for the period that would 
establish a reasonable financial trend. If an insurance company is 
involved, it must have a major company rating of at least a B plus. The 
federal credit union will use the information as part of the risk 
assessment process to analyze and evaluate the financial capabilities 
and resources of a party that guarantees the residual value used in a 
leasing arrangement.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 830.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
whether the collection of information is necessary for the proper 
performance of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-09533 Filed 5-4-23; 8:45 am]
BILLING CODE 7535-01-P