Disclosure Requirements in Connection with Regulation H (Consumer Protections in Sales of Insurance)

ICR 200909-7100-005

OMB: 7100-0298

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2009-09-03
Supplementary Document
2006-10-05
ICR Details
7100-0298 200909-7100-005
Historical Active 200610-7100-006
FRS Reg H-7
Disclosure Requirements in Connection with Regulation H (Consumer Protections in Sales of Insurance)
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 09/04/2009
Retrieve Notice of Action (NOA) 09/04/2009
  Inventory as of this Action Requested Previously Approved
01/31/2010 01/31/2010 01/31/2010
538,020 0 566,370
13,451 0 14,159
0 0 0

Section 305 of the Gramm-Leach-Bliley Act requires financial institutions to provide written and oral disclosures to consumers in connection with the initial sale of an insurance product/or annuity concerning its uninsured nature and the existence of the investment risk, if appropriate, and the fact that insurance sales and credit may not be tied.

US Code: 12 USC 1831x Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  71 FR 61473 10/18/2006
72 FR 1331 01/11/2007
No

1
IC Title Form No. Form Name
Disclosure Requirements in Connection with Regulation H (Consumer Protections in Sales of Insurance)

  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 538,020 566,370 0 0 -28,350 0
Annual Time Burden (Hours) 13,451 14,159 0 0 -708 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects update to the respondent count.

$0
No
No
Uncollected
Uncollected
No
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.
09/04/2009


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