Regulation I: Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance (12 CFR 1009)

ICR 201605-3170-013

OMB: 3170-0062

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-05-24
IC Document Collections
IC ID
Document
Title
Status
220653
Unchanged
ICR Details
3170-0062 201605-3170-013
Historical Active 201603-3170-004
CFPB
Regulation I: Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance (12 CFR 1009)
Extension without change of a currently approved collection   No
Regular
Approved without change 08/02/2016
Retrieve Notice of Action (NOA) 06/13/2016
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 10/31/2016
87,430 0 87,430
3,652 0 3,652
4,212 0 4,212

Regulation I applies to all depository institutions lacking Federal deposit insurance. It requires the disclosure of certain insurance-related information in periodic statements, account records, locations where deposits are normally received, and advertising. This part also requires such depository institutions to obtain a written acknowledgment from depositors regarding the institution’s lack of Federal deposit insurance.

PL: Pub.L. 81 - 797 Section 43(b)-(f) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  81 FR 15509 03/23/2016
81 FR 38144 06/13/2016
No

1
IC Title Form No. Form Name
Regulation I Disclosure Requirements

  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 87,430 87,430 0 0 0 0
Annual Time Burden (Hours) 3,652 3,652 0 0 0 0
Annual Cost Burden (Dollars) 4,212 4,212 0 0 0 0
No
No

$0
No
No
No
Yes
No
Uncollected
Darrin King 202-693-4129 [email protected]

  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.
06/13/2016


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