Recordkeeping and Disclosure Requirements Associated with Regulations B, E, M, and CC

Forms and Documents

Document Name	Status
Burden Table B E M CC_NCUA_Only_110816.xlsx.pdf Supporting Statement B	2016-11-23
FINAL_3133-0103_Supporting Statement_110816.pdf Supporting Statement A	2016-11-23

IC Document Collections

IC ID	Document Title	Status
223379	REG CC - Availability of Funds Other-Model Clauses, Disclosures, Notices	New
223377	REG E - Electronic Funds Transfer (Institutions) Other-Model Clauses and Forms	New
221439	REG M - Consumer Leasing Other-Model Forms	New
221438	REG B - Equal Credit Opportunity Other-Sample Notification Forms	New
154734	REG E - Electronic Funds Transfer (Consumer)	Modified

ICR Details

OMB Control No: 3133-0103	ICR Reference No: 201605-3133-001
Status: Historical Active	Previous ICR Reference No: 198609-3133-007
Agency/Subagency: NCUA	Agency Tracking No: OCP
Title: Recordkeeping and Disclosure Requirements Associated with Regulations B, E, M, and CC
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: 01/23/2017
	Date Received in OIRA: 11/23/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved
Responses	55,919,489	0	0
Time Burden (Hours)	3,245,905	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: The third party disclosure and recordkeeping requirements in this collection are required by statute and regulation. The regulations prescribe certain aspects of the credit application and notification process, making certain disclosures, uniform methods for computing the costs of credit, disclosing credit terms and cost, resolving errors on certain types of credit accounts, and timing requirements and disclosures relating to the availability of deposited funds.

---

Authorizing Statute(s): US Code: 15 USC 1691 Name of Law: Equal Credit Opportunity Act
   US Code: 15 USC 1693 Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1667-1667f Name of Law: Consumer Leasing Act
   US Code: 12 USC 5001-5018 Name of Law: Check Clearing for the 21st Century Act
   US Code: 12 USC 4001-4010 Name of Law: Expidited Funds Availability Act
  

Citations for New Statutory Requirements: None

---

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:
	81 FR 62767	09/12/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 84623	11/23/2016
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
REG B - Equal Credit Opportunity
REG E - Electronic Funds Transfer (Consumer)
REG M - Consumer Leasing
REG CC - Availability of Funds
REG E - Electronic Funds Transfer (Institutions)

---

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	55,919,489	0	0	0	55,644,188	275,301
Annual Time Burden (Hours)	3,245,905	0	0	0	2,970,604	275,301
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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. The NCUA is consolidating the disclosure and recordkeeping requirement contained under Regulations B, E, M, and CC under a single information collection. Information collection requirements previously cleared under OMB control numbers 3133-0104 and 3133-0105 will be consolidated under 3133-0103.

---

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]? Yes

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: 11/23/2016

---