NOTICE OF TERMINATION OF EXCESS INSURANCE COVERAGE 12 CFR PARA. 741.6

ICR 198610-3133-002

OMB: 3133-0106

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
3133-0106 198610-3133-002
Historical Active
NCUA
NOTICE OF TERMINATION OF EXCESS INSURANCE COVERAGE 12 CFR PARA. 741.6
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 12/05/1986
Retrieve Notice of Action (NOA) 10/23/1986
  Inventory as of this Action Requested Previously Approved
12/31/1989 12/31/1989
20 0 0
40 0 0
0 0 0

THIS NEW SECTION REQUIRES THAT CREDIT UNIONS NOTIFY THEIR MEMBERS OF ANY TERMINATION OF NON-NCUA INSURANCE COVERAGE OF THEIR ACCOUNTS. ALTHOUGH NOT PART OF THE PROPOSED RULE, COMMENT WAS REQUESTED ON THE REQUIREMENT. COMMENTERS WERE FAVORABLE NOTING THAT MANY MEMBERS HAVE ACCOUNTS IN EXCESS OF $100,000 ONLY BECAUSE OF NON-NCUA INSURANCE COVERAGE. HENCE, THE REQUIREMENT WAS ADDED TO THE FINAL RULE.

None
None


No

1
IC Title Form No. Form Name
NOTICE OF TERMINATION OF EXCESS INSURANCE COVERAGE 12 CFR PARA. 741.6

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 20 0 0 20 0 0
Annual Time Burden (Hours) 40 0 0 40 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
10/23/1986


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