Community Development Revolving Loan Program for Credit Unions Application for Funds

Forms and Documents

Document Name	Status
Form NCUA 6058 CDRLF - Loan Application Form and Instruction	Modified
DRAFTNCUA6058LoanApplicationForm2011.docx Supplementary Document	2011-10-27
I.C. d.IrregularReportsasRequestedNCUA10-2011.docx Supplementary Document	2011-10-27
I.C. c.RegularPeriodicReports10-2011.docx Supplementary Document	2011-10-27
I.C. b.PromissoryNoteLoanAgreement10-2011.docx Supplementary Document	2011-10-27
I.C. a.LoanApplication10-2011.docx Supplementary Document	2011-10-27
0138Supporting Statement for Part 705 amendments - Reinstatement-OLD.docx Supporting Statement A	2011-12-09

IC Document Collections

IC ID	Document Title	Status
32766	CDRLF - Loan Application Form and Instruction	Modified
199912	CDRLF - Irregular Reports as requested by NCUA	New
199911	CDRLF - Regular Periodic Reports	New
199910	CDRLF - Promissory Note and Loan Agreement	New

ICR Details

OMB Control No: 3133-0138	ICR Reference No: 201108-3133-001
Status: Historical Active	Previous ICR Reference No: 199903-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: Community Development Revolving Loan Program for Credit Unions Application for Funds
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/05/2012
	Date Received in OIRA: 10/27/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2015	36 Months From Approved
Responses	125	0	0
Time Burden (Hours)	1,100	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: NCUA requests this information from participants of the Community Development Revolving Fund (CDRLF) Loan Program. The information allows NCUA to assess a credit union's capacity to repay a loan and ensure that the funds are used as intended to benefit the institution and community it serves.

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Authorizing Statute(s): US Code: 12 USC 44 Name of Law: Paperwork Reduction Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 54498	09/01/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 62456	10/07/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
CDRLF - Loan Application	NCUA 6058	Community Development Revolving Loan Fund (CDRLF) Program Guidance and Loan Application
CDRLF - Promissory Note and Loan Agreement
CDRLF - Regular Periodic Reports
CDRLF - Irregular Reports as requested by NCUA

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ICR Summary of Burden

	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	125	0	0	100	0	25
Annual Time Burden (Hours)	1,100	0	0	900	0	200
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The promissory note evidences the obligation of a participating credit union to repay the amount of money that NCUA has lent to it from the CDRLF. The loan agreement contains the representations, warranties and commitments of the participating credit union with respect to the indebtedness, including any pledge of collateral to secure the repayment obligation. Both documents will be used by NCUA to assure and maintain the financial integrity of the CDRLF loan program. These two documents complement the previously approved information collection materials covered by Control Number 3133-0138, which have been used by NCUA to evaluate applications for financial assistance from the CDRLF and to monitor the use and effectiveness of funds provided to participating credit unions.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/27/2011

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