Annual Certification and Data Collection Report Form

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
CDFI Transaction Level Report Form	Form and Instruction	New	Repair queued
Form Revision_2022 Annual Certification and Data Collection Report Form - Transaction Level Report. (TLR)	Form and Instruction	New	Available
CDFI Fund Annual Certification and Data Collection Report Form & Instructions	Form and Instruction	Modified	Repair queued
Form Revision_2022 Annual Certification and Data Collection Report Form - ACR	Form and Instruction	Modified	Available
Supporting Statement - 1559-0046.docx	Supporting Statement A	Uploaded 2022-12-14	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
257372	Annual Certification and Data Collection Report Form - Transaction Level Report. (TLR)	Form and Instruction	New	CDFI Transaction Level Report Form
257372	Annual Certification and Data Collection Report Form - Transaction Level Report. (TLR)	Form and Instruction	New
217988	Annual Certification and Data Collection Report Form - ACR	Form and Instruction	Modified	CDFI Fund Annual Certification and Data Collection Report Form & Instructions
217988	Annual Certification and Data Collection Report Form - ACR	Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0046	ICR Reference No: 202212-1559-001
Status: Active	Previous ICR Reference No: 201506-1559-006
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Annual Certification and Data Collection Report Form
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 with change	Conclusion Date: 09/28/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/14/2022
Terms of Clearance: Supporting statement updated during review.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2026	36 Months From Approved
Responses	2,210	0	0
Time Burden (Hours)	44,200	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The primary intent of the Annual Certification and Data Collection Report Form is to ensure that Community Development Financial Institutions (CDFI) continue to meet the requirements to be certified CDFIs. It is also an annual method to ensure that organizational information is up-to-date. The financial and portfolio data will be used by the CDFI Fund to gain insight on the CDFI industry. Information provided in these sections will not impact a CDFI's certification status or applications for CDFI Fund programs.

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Authorizing Statute(s): US Code: 12 USC 4701
  

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:
	85 FR 45301	07/27/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 76541	12/14/2022
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Annual Certification and Data Collection Report Form - ACR	N/A	CDFI Fund Annual Certification and Data Collection Report Form & Instructions
Annual Certification and Data Collection Report Form - Transaction Level Report. (TLR)	N/A	CDFI Transaction Level Report Form

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ICR Summary of Burden

table that charts list 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	2,210	0	0	1,360	0	850
Annual Time Burden (Hours)	44,200	0	0	37,400	0	6,800
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 CDFI Fund has made substantial changes to the data collected as part of the Certification Application and annual Recertification process. The adjustment in agency estimate of burden hours for the ACR is due to a substantial increase in the aggregate number of respondents from 1,085 to 1,463. This change is based on an increase in the number of currently Certified CDFIs since the PRA renewal process began in May 2020. The estimated average hours for CDFIs to complete the ACR increased by 6 hours to a total of 20 hours from the initial 60-day Comment Period estimate of 14 hours. This increase was based on public comment about how long it would actually takes to gather all of the necessary information and then enter it, as well as additional questions added to the ACR to make it further aligned with the CDFI Certification Application. For the abbreviated TLR, there are changes in the estimate of burden hours due to changes in the number of respondents, as well as the hours per response. The number of non-financial assistance Certified CDFIs seeking recertification through the ACR and thus required to submit the abbreviated TLR declined from 700 to 597. This change is due to an increase in the number of Certified CDFIs who are FA recipients and required to submit the TLR as part of their Assistance Agreement requirements since May 2020. With more currently Certified CDFIs submitting the TLR, there are fewer who need to submit the abbreviated TLR. Regarding the increase in hours per response from eight (8) to twenty (20), this change is due to additional data fields on the abbreviated TLR compared to the original CTLR. These additional data fields are necessary to check that the financial products being entered as transactions on the TLR to count towards Target Market activity to meet the Certification policy standards for acceptable Financial Products. Some of these additional data fields are only applicable to certain types of Financial Products and thus do not require a response for every transaction. For example, if a Certified CDFI does not need to input Financial Services in order to meet its Target Market thresholds then Certified CDFI is able to skip an entire section of the abbreviated TLR. There was also public comment that the CDFI Fund’s burden hours were too low and not reflective of all the stages necessary to collect the information to enter into the abbreviated TLR.

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Annual Cost to Federal Government: $753,898

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 12/14/2022

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