Survey of Information Sharing Practices with Affiliates

ICR 200712-1550-002

OMB: 1550-0121

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Supporting Statement A
2007-12-20
IC Document Collections
ICR Details
1550-0121 200712-1550-002
Historical Active
TREAS/OTS
Survey of Information Sharing Practices with Affiliates
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 04/10/2008
Retrieve Notice of Action (NOA) 12/20/2007
Since the agencies are not employing statistical methods to generate survey results that are representative of the surveyed population, OMB considers this to be a qualitative survey. Accordingly, the report to Congress must state that the survey data are qualitative and cannot be considered representative of the population. OMB requests that the agencies share a draft of the report prior to its submission to Congress.
  Inventory as of this Action Requested Previously Approved
04/30/2011 36 Months From Approved
30 0 0
300 0 0
0 0 0

The agencies will gather information using a written survey completed by financial institutions and others that are creditors or users of consumer reports. The agencies will use responses to the survey to prepare a report to Congress on the information sharing practices by financial institutions, creditors, or users of consumer reports with their affiliates. The agencies are required to jointly submit this report to Congress under section 214(e) of the Fair and Accurate Transaction Act of 2003.

PL: Pub.L. 108 - 159 214(e) Name of Law: Fair and Accurate Transactions Act of 2003
  
PL: Pub.L. 108 - 159 214(e) Name of Law: Fair and Accurate Transaction Act of 2003

Not associated with rulemaking

  71 FR 51888 08/31/2006
72 FR 69729 12/10/2007
No

1
IC Title Form No. Form Name
Survey of Information Sharing Practices with Affiliates N/A Survey of Information Sharing Practices with Affiliates

  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 30 0 30 0 0 0
Annual Time Burden (Hours) 300 0 300 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The program change is due to the fact that this is a new collection.

No
No
Uncollected
Uncollected
Uncollected
Uncollected
Suzanne McQueen 202 906-6459

  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.
12/20/2007


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