Disclosure Requirements in Connection with Regulation CC to Implement the Expedited Funds Availability Act

ICR 200707-7100-007

OMB: 7100-0235

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2007-10-19
Justification for No Material/Nonsubstantive Change
2007-07-03
ICR Details
7100-0235 200707-7100-007
Historical Active 200707-7100-002
FRS Reg CC
Disclosure Requirements in Connection with Regulation CC to Implement the Expedited Funds Availability Act
Extension without change of a currently approved collection   No
Delegated
Approved without change 10/19/2007
Retrieve Notice of Action (NOA) 10/19/2007
  Inventory as of this Action Requested Previously Approved
10/31/2010 36 Months From Approved 10/31/2007
4,936,235 0 4,936,235
210,882 0 210,882
0 0 0

The third party diclosure requirements are intended to alert consumers about their financial institutions' check-hold policies and to help prevent unintentional (and costly) overdrafts. The third part disclosure requirements also apply to substitute checks or paper or electronic representation of substitute checks.

US Code: 12 USC 4008 Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 5014 Name of Law: Check 21 Act
  
None

Not associated with rulemaking

  72 FR 44136 08/07/2007
72 FR 59291 10/19/2007
No

  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 4,936,235 4,936,235 0 0 0 0
Annual Time Burden (Hours) 210,882 210,882 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
John Schmidt 202-728-5859 [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.
10/19/2007


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