Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice

ICR 201001-1550-001

OMB: 1550-0110

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-04-14
ICR Details
1550-0110 201001-1550-001
Historical Active 200703-1550-001
TREAS/OTS
Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice
Revision of a currently approved collection   No
Regular
Approved without change 06/17/2010
Retrieve Notice of Action (NOA) 04/14/2010
  Inventory as of this Action Requested Previously Approved
06/30/2013 36 Months From Approved 06/30/2010
657 0 953
16,912 0 23,437
845,600 0 1,171,850

Requires financial institutions to develop and apply a response program, including customer notification procedures, to address unauthorized access to or use of customer information that could result in substantial harm or inconvenience to a customer.

US Code: 12 USC 6801 Name of Law: Gramm-Leach-Bliley Act
  
None

Not associated with rulemaking

  75 FR 6790 02/10/2010
75 FR 19464 04/14/2010
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 657 953 0 0 -296 0
Annual Time Burden (Hours) 16,912 23,437 0 0 -6,525 0
Annual Cost Burden (Dollars) 845,600 1,171,850 0 0 -326,250 0
No
No
OTS is citing a decrease in the inventory burden of (6,525) hours. Although OTS is citing an increase in the number of responses (from 953 to 1618) OTS is citing a reduction in response time of 17 hours (from 53 hours to 36 hours). The reduction in response time is due to the fact that there has been less time expended by institutions to provide their responses to OTS. The collection helps to establish standards for financial institutions relating to administrative, technical, and physical safeguards to: (1) ensure the security and confidentiality of customer records and information; (2) protect against any anticipated threats or hazards to the security or integrity of such records; and (3) protect against unauthorized access to or use of such records or information that could result in substantial harm or inconvenience to any customer.

$0
No
No
No
Uncollected
No
Uncollected
William Henley 2029066540 [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.
04/14/2010


© 2024 OMB.report | Privacy Policy