Unfair or Deceptive Acts or Practices Disclosures

ICR 201005-1550-001

OMB: 1550-0122

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2010-05-05
Supporting Statement A
2010-05-05
IC Document Collections
IC ID
Document
Title
Status
184968
Modified
ICR Details
1550-0122 201005-1550-001
Historical Active 200901-1550-001
TREAS/OTS
Unfair or Deceptive Acts or Practices Disclosures
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 06/19/2010
Retrieve Notice of Action (NOA) 05/05/2010
  Inventory as of this Action Requested Previously Approved
04/30/2012 04/30/2012 04/30/2012
464 0 464
464 0 928
0 0 0

Under section 18 (f)(1) of the Federal Trade Commission Act (FTC Act), OTS is exclusively responsible for prescribing rules applicable to savings associations to prevent unfair or deceptive acts or practices in or affecting commerce, including acts or practices that are unfair or deceptive to consumers.

US Code: 12 USC 57a(f)(1) Name of Law: Federal Trade Commission Act
  
US Code: 15 USC 1601 Name of Law: Truth in Lending Act

1550-AC17 Final or interim final rulemaking 74 FR 5498 01/29/2009

No

1
IC Title Form No. Form Name
Unfair or Deceptive Acts or Practices

  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 464 464 0 0 0 0
Annual Time Burden (Hours) 464 928 0 -464 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Regulations
OTS is citing decrease in the burden due to the deletion of a paperwork section from the Final Rule. Under section 18(f)(1) of the FTC Act, OTS is exclusively responsible for prescribing rules applicable to savings associations to prevent unfair or deceptive acts or practices (UDAPs) in or affecting commerce, including acts or practices that are unfair or deceptive to consumers.

No
No
No
Uncollected
No
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.
05/05/2010


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