81 FR 72618 - Agency Information Collection Activities: Proposed Collections; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 203 (October 20, 2016)

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 requests of currently approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).

[Federal Register Volume 81, Number 203 (Thursday, October 20, 2016)]
[Notices]
[Pages 72618-72619]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25419]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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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 requests of currently approved collections, as 
required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35).

DATES: Written comments should be received on or before December 19, 
2016 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collections to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314; 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: 3133-0024.
    Title: Mergers of Federally-Insured Credit Unions; Voluntary 
Termination or Conversion of Insured Status, 12 CFR part 708b.
    Abstract: Part 708b of NCUA's rules sets forth the procedural and 
disclosure requirements for mergers of federally-insured credit unions, 
conversions from federal share insurance to nonfederal insurance, and 
federal share insurance terminations. Part 708b is designed to ensure 
NCUA has sufficient information whether to approve a proposed merger, 
share insurance conversion, or share insurance termination. It further 
ensures that members of credit unions have sufficient and accurate 
information to exercise their vote properly concerning a proposed 
merger, insurance conversion, or insurance termination. The rule also 
protects the property interests of members who may lose their federal 
share insurance due to a merger, share insurance conversion, or share 
insurance termination.

[[Page 72619]]

    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated No. of Respondents: 214 Mergers; 4 Share Insurance 
Conversions; 1 Share Insurance Terminations.
    Estimated Annual Frequency: 1.
    Estimated Annual No. of Responses: 1,519.
    Estimated Burden Hours per Respondent: 35 Merger, 15 Share 
Insurance Conversions; 12 Share Insurance Terminations.
    Estimated Total Annual Burden Hours: 7,562.
    The adjustment in burden is attributable to a decrease in the 
number of credit unions engaging in mergers, increase in the number of 
credit unions engaged in share insurance conversions, correction to the 
number of hours spent notifying members of proposed conversions, and 
corrections made in the reporting the number of responses.
    OMB Number: 3133-0068.
    Title: Nondiscrimination Requirements in Real Estate-Related 
Lending--Appraisals, 12 CFR 701.31.
    Abstract: Section 701.31 of NCUA's regulations implements 
requirements of the Fair Housing Act. It requires Federal credit unions 
(FCUs) to maintain a copy of the real estate appraisal used to support 
an applicant's real estate-related loan application and to make it 
available to that member/applicant for a period of 25 months (Sec.  
701.31(c)(5)). The regulation also requires FCUs that use the 
collateral's location as a factor in evaluating real estate-related 
loan applications to disclose such fact on the appraisal, along with a 
statement justifying its use (Sec.  701.31 (c)(4)). NCUA and consumers 
use the information to ensure compliance with Fair Housing Act 
nondiscrimination requirements that prohibit consideration of race, 
color, religion, national origin, sex, handicap, or familial status in 
real estate appraisals.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents/Recordkeepers: 3,721.
    Estimated No. of Responses per Respondent: 1.
    Estimated Annual Responses: 3,721.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 3,721.
    Adjustments reflect a reduction in the number of respondents due to 
a decline in the number of FCUs.
    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 
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 Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 17, 2016.

    Dated: October 17, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-25419 Filed 10-19-16; 8:45 am]
 BILLING CODE 7535-01-P