12 CFR 545.74 REQUIRES FEDERAL
ASSOCIATIONS TO OBTAIN OTS APPROVAL PRI TO OPERATING A SERVICE
CORPORATION ENGAGED IN AN ACTIVITY NOT PREAPPROVED BY REGULATION.
THE PURPOSE OF THE APPLICATION REQUIREMENT IS TO ASSURE THAT
ACTIVITIES ENGAGED IN BY FEDERAL ASSOCIATIONS' SERVI CORPORATIONS
ARE REASONABLY RELATED TO THE ACTIVITIES OF FEDERAL
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.