NCUA will
resubmit the collection and ensure that the next submission
excludes items which are not information collections under the PRA
and include any model disclosure as an instrument along with its
corresponding burden. NCUA will also include an information
collection instrument and burden for those entities it estimates
will not use the model disclosures. NCUA will also include, in the
information collection instrument, a reference to the specific
regulatory provision where the information collection is
contained.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
As required under Truth in Savings
Act, credit unions must disclose interest rates, dividends, APRs,
bonuses, and fees associated with share accounts and the
accompanying services to members and potential members.
US Code:
12
USC 4301 Name of Law: Truth in Savings Act
This is a reinstatement of a
previously approved collection. In comparison with prior submission
and approval, the information collection involves a program change
of -2269 respondents. This is due to a change in the number of
credit unions. Due to a steady increase in credit union membership
over the past five years, however, the disclosure and record
keeping burden has increased by an inestimable number of
hours.
$0
No
No
No
No
No
Uncollected
Moisette Sweat 703
518-1142
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.