83 FR 56150 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Consumer Protections for Depository Institution Sales of Insurance

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 83, Issue 218 (November 9, 2018)

Page Range		56150-56151
FR Document		2018-24495

The OCC, 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 a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and respondents are not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled ``Consumer Protections for Depository Institution Sales of Insurance.''

Federal Register, Volume 83 Issue 218 (Friday, November 9, 2018)

[Federal Register Volume 83, Number 218 (Friday, November 9, 2018)]
[Notices]
[Pages 56150-56151]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-24495]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Consumer Protections for Depository 
Institution Sales of Insurance

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, 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 a continuing 
information collection as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and respondents are not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled ``Consumer Protections for Depository Institution 
Sales of Insurance.''

DATES: Comments must be received by January 8, 2019.

ADDRESSES:  Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: prainfo@occ.treas.gov.
     Mail: Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency, Attention: 1557-0220, 400 
7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0220'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information that you provide, such as name and address 
information, email addresses, or phone numbers. Comments received, 
including attachments and other supporting materials, are part of the 
public record and subject to public disclosure. Do not include any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
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    \1\ Following the close of the 60-Day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
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     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu, 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0220'' or ``Consumer Protections for Depository 
Institution Sales of Insurance.'' Upon finding the appropriate 
information collection, click on the related ``ICR Reference Number.'' 
On the next screen, select ``View Supporting Statement and Other 
Documents'' and then click on the link to any comment listed at the 
bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 649-6700 or, for persons who 
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, 
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from OMB for each collection of 
information they conduct or sponsor. ``Collection of information'' is 
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of part 44 requires federal agencies to provide a 60-day 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, before submitting the collection to OMB for 
approval. To comply with this requirement, the OCC is publishing notice 
of the collection of information set forth in this document.
    Title: Consumer Protections for Depository Institution Sales of 
Insurance.
    OMB Control No.: 1557-0220.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: This information collection is required under section 
305 of the Gramm-Leach-Bliley Act (GLB Act), 12 U.S.C. 1831x. Section 
305 of the GLB Act requires the OCC, the Board of Governors of the 
Federal Reserve System, and the Federal Deposit Insurance Corporation 
(collectively, the Agencies) to prescribe joint consumer protection 
regulations that apply to retail sales practices, solicitations, 
advertising, and offers of any insurance product by a depository 
institution or by other persons performing these activities at an 
office of the institution or on behalf of the institution (other 
covered persons). Section 305 also requires those performing such 
activities to disclose certain information to consumers (e.g., that 
insurance products and annuities are not FDIC-insured).

[[Page 56151]]

    This information collection requires national banks, federal 
savings associations, and other covered persons involved in insurance 
sales, as defined in 12 CFR 14.20(f), to make two separate disclosures 
to consumers. Under 12 CFR 14.40, a national bank, federal savings 
association, or other covered person must prepare and provide orally 
and in writing: (1) Certain insurance disclosures to consumers before 
the completion of the initial sale of an insurance product or annuity 
to a consumer and (2) certain credit disclosures at the time of 
application for the extension of credit (if insurance products or 
annuities are sold, solicited, advertised, or offered in connection 
with an extension of credit).
    Consumers use the disclosures to understand the risks associated 
with insurance products and annuities and to understand that they are 
not required to purchase, and may refrain from purchasing, certain 
insurance products or annuities in order to qualify for an extension of 
credit.
    Affected Public: Businesses or other for-profit.
    Frequency: On occasion.
    Estimated Burden:
    Estimated Number of Respondents: 527.
    Total Estimated Burden Hours: 2,635 hours.
    Comments: Comments submitted in response to this notice will be 
summarized and included in the request for OMB 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 OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of the 
operation, maintenance, and purchase of services necessary to provide 
the required information.

    Dated: November 5, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2018-24495 Filed 11-8-18; 8:45 am]
 BILLING CODE 4810-33-P

Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices 56151

This information collection requires DEPARTMENT OF THE TREASURY including Civilian taxpayers working
national banks, federal savings with U.S. Armed Forces, qualifying for
associations, and other covered persons Internal Revenue Service such combat zone relief, provide the IRS
involved in insurance sales, as defined with the appropriates dates.
in 12 CFR 14.20(f), to make two separate Proposed Extension of Information Current Actions: This is a new request
disclosures to consumers. Under 12 CFR Collection Request Submitted for for approval.
14.40, a national bank, federal savings Public Comment; Relief for Service in Type of Review: New collection.
association, or other covered person Combat Zone and for Presidentially Affected Public: Individuals or
must prepare and provide orally and in Declared Disaster households.
writing: (1) Certain insurance Estimated Number of Respondents:
AGENCY: Internal Revenue Service (IRS), 20,000.
disclosures to consumers before the Treasury. Estimated Time per Respondent: 20
completion of the initial sale of an ACTION: Notice and request for minutes.
insurance product or annuity to a comments. Estimated Total Annual Burden
consumer and (2) certain credit Hours: 6,600.
disclosures at the time of application for SUMMARY: The Internal Revenue Service, The following paragraph applies to all
the extension of credit (if insurance as part of its continuing effort to reduce the collections of information covered
products or annuities are sold, solicited, paperwork and respondent burden, by this notice:
advertised, or offered in connection invites the public and other Federal An agency may not conduct or
with an extension of credit). agencies to take this opportunity to sponsor, and a person is not required to
Consumers use the disclosures to comment on proposed and/or respond to, a collection of information
understand the risks associated with continuing information collections, as unless the collection of information
insurance products and annuities and to required by the Paperwork Reduction displays a valid OMB control number.
understand that they are not required to Act of 1995. Currently, the IRS is Books or records relating to a
purchase, and may refrain from soliciting comments concerning collection of information must be
purchasing, certain insurance products guidance related to the postponement of retained if their contents may become
or annuities in order to qualify for an certain acts by reason of service in a material in the administration of any
extension of credit. combat zone or relating to internal revenue law. Generally, tax
Affected Public: Businesses or other postponement of certain tax-related returns and tax return information are
for-profit. deadlines by reason of a Presidentially confidential, as required by 26 U.S.C.
Frequency: On occasion. declared disaster. 6103.
Estimated Burden: DATES: Written comments should be Desired Focus of Comments: The
Estimated Number of Respondents: received on or before January 8, 2019 to Internal Revenue Service (IRS) is
527. be assured of consideration. particularly interested in comments
Total Estimated Burden Hours: 2,635 that:
ADDRESSES: Direct all written comments
hours.
to Laurie Brimmer, Internal Revenue • Evaluate whether the proposed
Comments: Comments submitted in collection of information is necessary
response to this notice will be Service, Room 6236, 1111 Constitution
Avenue NW, Washington, DC 20224. for the proper performance of the
summarized and included in the request functions of the agency, including
for OMB approval. All comments will Requests for additional information or
copies of the regulations should be whether the information will have
become a matter of public record. practical utility;
directed to R. Joseph Durbala, at Internal
Comments are invited on: • Evaluate the accuracy of the
(a) Whether the collection of Revenue Service, Room 6129, 1111
agency’s estimate of the burden of the
information is necessary for the proper Constitution Avenue NW, Washington
proposed collection of information,
performance of the functions of the DC 20224, or through the internet, at
including the validity of the
OCC, including whether the information RJoseph.Durbala@irs.gov.
methodology and assumptions used;
has practical utility; SUPPLEMENTARY INFORMATION: • Enhance the quality, utility, and
(b) The accuracy of the OCC’s Title: Relief for Service in Combat clarity of the information to be
estimate of the information collection Zone and for Presidentially Declared collected; and
burden; Disaster. • Minimize the burden of the
(c) Ways to enhance the quality, OMB Number: 1545–XXXX. collection of information on those who
utility, and clarity of the information to Regulation Project Number: TD 8911, are to respond, including using
be collected; TD 9443, Form 15109. appropriate automated, electronic,
(d) Ways to minimize the burden of Abstract: This collection covers the
mechanical, or other technological
the collection on respondents, including final rules to the Regulations on
collection techniques or other forms of
through the use of automated collection Procedure and Administration (26 CFR
information technology, e.g., by
techniques or other forms of information part 301) under section 7508 of the
permitting electronic submissions of
technology; and Internal Revenue Code (Code), relating
responses.
(e) Estimates of capital or start-up to postponement of certain acts by Comments submitted in response to
costs and costs of the operation, reason of service in a combat zone, and this notice will be summarized and/or
maintenance, and purchase of services section 7508A, relating to postponement included in the ICR for OMB approval
necessary to provide the required of certain tax-related deadlines by of the extension of the information
reason of a Presidentially declared
khammond on DSK30JT082PROD with NOTICES

information. collection; they will also become a
disaster. Section 7508A was added to matter of public record.
Dated: November 5, 2018. the Code by section 911 of the Taxpayer
Theodore J. Dowd, Relief Act of 1997, Public Law 105–34 Approved: October 29, 2018.
Deputy Chief Counsel, Office of the (111 Stat. 788 (1997)), effective for any Laurie Brimmer,
Comptroller of the Currency. period for performing an act that had IRS, Senior Tax Analyst.
[FR Doc. 2018–24495 Filed 11–8–18; 8:45 am] not expired before August 5, 1997. Form [FR Doc. 2018–24578 Filed 11–8–18; 8:45 am]
BILLING CODE 4810–33–P 15109 is being created to help taxpayers, BILLING CODE 4830–01–P

VerDate Sep<11>2014 17:36 Nov 08, 2018 Jkt 247001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\09NON1.SGM 09NON1

Document Created: 2018-11-09 03:34:22
Document Modified: 2018-11-09 03:34:22

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comment.
Dates		Comments must be received by January 8, 2019.
Contact		Shaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
FR Citation		83 FR 56150

83 FR 56150 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Consumer Protections for Depository Institution Sales of Insurance

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 83, Issue 218 (November 9, 2018)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency