Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003

ICR 200609-3133-001

OMB: 3133-0175

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2006-09-20
IC Document Collections
ICR Details
3133-0175 200609-3133-001
Historical Inactive
NCUA
Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003
New collection (Request for a new OMB Control Number)   No
Regular
Preapproved 11/20/2006
Retrieve Notice of Action (NOA) 09/25/2006
"Preapproved" because the collection refers to a proposed rule. To ensure the expected opportunity to comment, in the future kindly submit such rule-related ICRs promptly after publication. Also be sure to include the line of business.
  Inventory as of this Action Requested Previously Approved
11/30/2009 36 Months From Approved
5,245 0 0
204,555 0 0
0 0 0

NCUA, along with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the Federal Trade Commission (the Agencies), are proposing regulations requiring credit unions to establish reasonable policies and procedures to address the risk of identity theft and to assess the validity of a request for a change of address under certain circumstances. The proposed regulation would require creation of an identity theft program and report to a board of directors at least annually on compliance with the proposed regulation. Issuers of credit and debit cards would be required to establish policies and procedures to assess the validity of a change of address request, including notification to the cardholder.

PL: Pub.L. 108 - 159 114 and 315 Name of Law: Fair and Accurate Credit Transactions Act of 2003
   US Code: 15 USC 1681 Name of Law: Fair Credit Reporting Act
  
US Code: 15 USC 1681 Name of Law: null
PL: Pub.L. 108 - 159 114 and 315 Name of Law: Fair and Accurate Credit Transactions Act of 2003

3133-AC90 Proposed rulemaking 71 FR 40785 07/18/2006

  71 FR 40785 07/18/2006
71 FR 54689 09/18/2006
No

1
IC Title Form No. Form Name
Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003

  Total Request 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 5,245 0 0 5,245 0 0
Annual Time Burden (Hours) 204,555 0 0 204,555 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The NCUA requests OMB approval for this new collection of information contained in the joint proposed rulemaking, to implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), Pub. L. No. 108-159 (2003).

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Regina Metz 703 518-6540 [email protected]

  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.
09/25/2006


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