[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Pages 37290-37291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12117]


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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collection of a Previously Approved 
Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice of submission to the Office of Management and Budget.

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[[Page 37291]]

SUMMARY: As required by the Paperwork Reduction Act of 1995, The 
National Credit Union Administration (NCUA) is submitting the following 
extensions of currently approved collections to the Office of 
Management and Budget (OMB) for renewal.

DATES: Written comments should be received on or before July 7, 2023 to 
be assured consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mahala Vixamar at (703) 718-1155, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0033.
    Title: Security Program, 12 CFR 748.
    Type of Review: Extension of a previously approved collection.
    Abstract: In accordance with Title V of the Gramm-Leach-Bliley Act 
(15 U.S.C. 6801 et seq.), as implemented by 12 CFR part 748, federally 
insured credit unions (FICU) are required to develop and implement a 
written security program to safeguard sensitive member information. 
This information collection requires that such programs be designed to 
respond to incidents of unauthorized access or use, in order to prevent 
substantial harm or serious inconvenience to members.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 240,397.
    OMB Number: 3133-0101.
    Type of Review: Extension of a previously approved collection.
    Title: 12 CFR part 723, Member Business Loans; Commercial Lending.
    Abstract: As part of NCUA's Regulatory Modernization Initiative, 
the NCUA Board amends its member business loan (MBL) rule (part 723) to 
provide federally insured credit unions with greater flexibility and 
individual autonomy in safely and soundly providing commercial and 
business loans to serve their members. The rule modernizes the 
regulatory requirements that govern credit union commercial lending 
activities by replacing the current rule's prescriptive requirement and 
limitations with a broad principles-based regulatory approach.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,656.
    OMB Number: 3133-0103.
    Type of Review: Extension of a previously approved collection.
    Title: Recordkeeping and Disclosure Requirements Associated with 
Regulations B, E, M, and CC.
    Abstract: The third-party disclosure and recordkeeping requirements 
in this collection are required by statute and regulation. The 
regulations prescribe certain aspects of the credit application and 
notification process, making certain disclosures, uniform methods for 
computing the costs of credit, disclosing credit terms and cost, 
resolving errors on certain types of credit accounts, and timing 
requirements and disclosures relating to the availability of deposited 
funds.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,039,328.
    OMB Number: 3133-0152.
    Type of Review: Extension of a previously approved collection.
    Title: Management Official Interlocks.
    Abstract: NCUA requires this information collection to ensure 
federally insured credit unions comply with NCUA's Management Official 
Interlocks regulation at 12 CFR part 711, implementing the Depository 
Institution Management Interlocks Act (``Interlocks Act'') (12 U.S.C. 
3201-3208). The Interlocks Act generally prohibits financial 
institution management officials from serving simultaneously with two 
unaffiliated depository institutions or their holding companies. For 
credit unions, the Interlocks Act restricts interlocks between credit 
unions and other types of financial institutions. 12 U.S.C. 3204(3).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 6.
    OMB Number: 3133-0196.
    Type of Review: Extension of a previously approved collection.
    Title: Contractor's Diversity Profile.
    Abstract: In accordance with section 342 of the Dodd-Frank Act, 
each new contract award whose dollar value exceeds $100,000 will 
include a Good Faith Effort (GFE) certification that a contractor 
ensures the fair inclusion of women and minorities in the workforce of 
the contractor and, as applicable, subcontractors. As part of this 
compliance review, selected contractors will be sent a Contractor's 
Diversity Profile to provide documentation outlined in the GFE 
certification to NCUA.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 26.7.
    Request for Comments: NCUA published a notice requesting comments 
on renewal of those information collections under 88 FR 23691 and 
comments were not received. NCUA requests that comments on this 
collection to the location listed in the ADDRESSES section. The public 
is invited to submit comments concerning: (a) whether the collection of 
information is necessary for the proper execution 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. 2023-12117 Filed 6-6-23; 8:45 am]
BILLING CODE 7535-01-P