Consumer Protections for Depository Institution Sales of Insurance

OMB 1557-0220

OMB 1557-0220

These information collections are required under section 305 of the Gramm-Leach-Bliley Act (GLB Act), 12 U.S.C. 1831x. Section 305 of the GLB Act requires the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (collectively, the Agencies) to prescribe joint consumer protection regulations that apply to retail sales practices, solicitations, advertising, and offers of any insurance product by a depository institution or by other persons performing these activities at an office of the institution or on behalf of the institution (other covered persons). Section 305 also requires those performing such activities to disclose certain information to consumers (e.g., that insurance products and annuities are not FDIC-insured).

The latest form for Consumer Protections for Depository Institution Sales of Insurance expires 2022-06-30 and can be found here.

OMB Details

Disclosures for Initial Purchases of Insurance Products

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight


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