81 FR 94427 - Submission for OMB Review; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 247 (December 23, 2016)

The National Credit Union Administration (NCUA) will be submitting 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, Public Law 104-13, on or after the date of publication of this notice.

[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)]
[Notices]
[Page 94427]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-31042]


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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 be 
submitting 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, Public Law 104-13, on or 
after the date of publication of this notice.

DATES: Comments should be received on or before January 23, 2017 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the 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, Alexandria, VA 22314, Suite 5067, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected] or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0024.
    Type of Review: Extension of a currently approved collection.
    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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 7,562.
    OMB Number: 3133-0068.
    Type of Review: Extension of a currently approved collection.
    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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,721.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on December 20, 2016.

    Dated: December 20, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-31042 Filed 12-22-16; 8:45 am]
 BILLING CODE 7535-01-P