Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003 - 12 CFR part 717

Forms and Documents

Document	Type	Status	Availability
FINAL-0175Supporting_Statement_for_Red_Flags_2013.doc	Supporting Statement A	Uploaded 2013-10-22	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
45355	Existing Respondents		Modified
208924	New Respondents		New

ICR Details

OMB Control No: 3133-0175	ICR Reference No: 201310-3133-003
Status: Historical Active	Previous ICR Reference No: 200711-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: Identity Theft Red Flags and Address Discrepancies under the FACT Act of 2003 - 12 CFR part 717
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/13/2013
	Date Received in OIRA: 10/25/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	36 Months From Approved
Responses	4,206	0	0
Time Burden (Hours)	467,366	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: NCUA, along with other agencies, issued regulations requiring credit unions to establish reasonable policies and procedures to address the risk of identity theft and to assess the validity of a request for a change of address.

---

Authorizing Statute(s): US Code: 15 USC 1681 Name of Law: Fair Credit Reporting Act
   PL: Pub.L. 108 - 159 114 and 315 Name of Law: Fair and Accurate Credit Transactions Act of 2003
  

Citations for New Statutory Requirements: US Code: 15 USC 1681 Name of Law: Fair Credit Reporting Act
PL: Pub.L. 108 - 159 114 and 315 Name of Law: Fair and Accurate Credit Transactions Act of 2003

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 43239	07/19/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 53171	08/28/2013
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Existing Respondents
New Respondents

---

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	4,206	0	0	-1,039	0	5,245
Annual Time Burden (Hours)	467,366	0	0	262,811	0	204,555
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: This is a reinstatement, with change, of a previously approved collection.

---

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

---

Common Form ICR:  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:

(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: 10/25/2013

---