THE PROPOSED REQUIREMENT IS THAT A
WRITTEN LOAN POLICY FOR BUSINESS LOANS BE REVIEWED AND ADOPTED
ANNUALLY. THE GENERAL PURPOSE OF THE LO POLICY IS TO REPAY THE LOAN
AND THE ULTIMATE PROTECTION OF THE NATIONA CREDIT UNION SHARE
INSURANCE FUND. RESPONDENTS ARE THOSE FEDERALLY INSURED CREDIT
UNIONS MAKING BUSINESS LOANS AS DEFINED IN THE PROPOSED
REGULATION.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.