82 FR 177 - Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 1 (January 3, 2017)

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on this continuing information collection, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3506(c)(2)(A). The information collection under review is 1505-0230, Garnishment of Accounts Containing Federal Benefit Payments.

[Federal Register Volume 82, Number 1 (Tuesday, January 3, 2017)]
[Notices]
[Page 177]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-31839]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

December 28, 2016.
AGENCY: Departmental Offices, Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The U.S. Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to take this opportunity to comment 
on this continuing information collection, as required by the Paperwork 
Reduction Act of 1995, 44 U.S.C. 3506(c)(2)(A). The information 
collection under review is 1505-0230, Garnishment of Accounts 
Containing Federal Benefit Payments.

DATES: Written comments must be received on or before March 6, 2017.

ADDRESSES: Submit your comments via email to [email protected].

FOR FURTHER INFORMATION CONTACT: Barbara Wiss, Office of the Fiscal 
Assistant Secretary, Department of the Treasury, 1500 Pennsylvania 
Avenue NW., Washington, DC 20220 or by telephone on 202-622-0886 or by 
email at [email protected].

SUPPLEMENTARY INFORMATION: 
    OMB Number: 1505-0230.
    Type of Review: Extension without change of an existing information 
collection.
    Title: Garnishment of Accounts Containing Federal Benefit Payments.
    Abstract: The regulations at 31 CFR part 212 establish procedures 
that financial institutions must follow when a garnishment order is 
received for an account into which federal benefit payments have been 
directly deposited. Financial institutions that comply with the 
required procedures are given a safe harbor under the rule. The 
regulations require a financial institution to review the account, to 
determine if any exempt benefit payments have been directly deposited 
within the 60 calendar days prior to the receipt of the garnishment 
order, and, if so, requires the financial institution to ensure that 
the account holder has access to a protected amount of funds in the 
account. Once the account review is completed the financial institution 
must notify the accountholder of the receipt of the garnishment order 
and provide certain additional information. In addition, a financial 
institution must maintain certain records of account activity and 
actions taken in response to garnishment orders sufficient to 
demonstrate compliance with the regulations.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Total Annual Burden Hours: 24,167.
    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. Comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.

Bob Faber,
Treasury PRA Clearance Officer.
[FR Doc. 2016-31839 Filed 12-30-16; 8:45 am]
 BILLING CODE 4810-25-P