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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3133-0103 Supporting Statement.docx	Supporting Statement A	Uploaded 2023-06-07	Repair queued
3133-0103 Burden Table (Supporting Statement).xlsx	Supplementary Document	Uploaded 2023-06-07	Repair queued

IC Document Collections

Information collection document groups

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

ICR Details

OMB Control No: 3133-0103	ICR Reference No: 202306-3133-004
Status: Active	Previous ICR Reference No: 201911-3133-001
Agency/Subagency: NCUA	Agency Tracking No: OCFP
Title: Recordkeeping and Disclosure Requirements Associated with Regulations B, E, M, and CC
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/04/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/07/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2026	36 Months From Approved	08/31/2023
Responses	49,347,247	0	56,105,209
Time Burden (Hours)	3,039,328	0	3,239,916
Cost Burden (Dollars)	0	0	0

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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.

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Authorizing Statute(s): 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
   US Code: 15 USC 1691 Name of Law: Equal Credit Opportunity Act
  

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:
	88 FR 23691	04/18/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 37290	06/07/2023
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

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

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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	49,347,247	56,105,209	0	-6,757,962	0	0
Annual Time Burden (Hours)	3,039,328	3,239,916	0	-200,588	0	0
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The burden has changed to the number of respondents.

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Annual Cost to Federal Government: $0

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.     No

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]? Yes

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: 06/07/2023

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