[Federal Register Volume 88, Number 127 (Wednesday, July 5, 2023)]
[Notices]
[Page 42968]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14128]


-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION


Submission from OMB Review; Request for Comments

AGENCY: National Credit Union Administration (NCUA).

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

-----------------------------------------------------------------------

SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before August 4, 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 703-518-6540, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

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 No. of Respondents: 100.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 100.
    Estimated Burden Hours per Response: 0.25.
    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 No. of Respondents: 83.
    Estimated No. of Responses per Respondent: 5.
    Estimated Total Annual Responses: 415.
    Estimated Hours per Response: 2.
    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. 2023-14128 Filed 7-3-23; 8:45 am]
BILLING CODE 7535-01-P