Prohibited Service at Savings and Loan Holding Companies

ICR 200804-1550-010

OMB: 1550-0117

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-07-16
IC Document Collections
IC ID
Document
Title
Status
180453
Modified
ICR Details
1550-0117 200804-1550-010
Historical Active 200705-1550-005
TREAS/OTS
Prohibited Service at Savings and Loan Holding Companies
Extension without change of a currently approved collection   No
Regular
Approved without change 09/16/2010
Retrieve Notice of Action (NOA) 07/22/2010
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved 09/30/2010
15 0 50
240 0 800
0 0 0

Section 19(e) of the Federal Deposit Insurance Act prohibits any person who has been convicted of any criminal offense involving dishonesty or a breach of trust, or money laundering or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense from holding certain positions with respect to a savings and loan holding company. The OTS regulations describes the actions that are prohibited under the new statute and describes procedures for applying for an OTS order granting a case-by-case exemption.

PL: Pub.L. 109 - 251 710(a) Name of Law: Financial Services Regulatory Relief Act of 2006
  
PL: Pub.L. 109 - 251 19(e) Name of Law: Federal Deposit Insurance Act

Not associated with rulemaking

  75 FR 22681 04/29/2010
75 FR 42833 07/22/2010
No

1
IC Title Form No. Form Name
Application for exemption

  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 15 50 0 0 -35 0
Annual Time Burden (Hours) 240 800 0 0 -560 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The OTS is citing a reduction in the burden due to a reduction in the number of respondents. The information collected, when a savings and loan holding company (SLHC)or an individual applies for a case-by-case exemption, will be used by OTS to determine whether to approve or deny the prohibited person’s involvement in the affairs of the SLHC.

No
No
No
Uncollected
No
Uncollected
Donna Deale 202 906-7488

  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.
07/22/2010


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