AGENCY:
National Credit Union Administration (NCUA).
ACTION:
Notice.
SUMMARY:
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
DATES:
Comments should be received on or before January 30, 2020 to be assured of consideration.
ADDRESSES:
Send comments regarding the burden estimates, or any other aspect of the information collections, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@OMB.EOP.gov and (2) NCUA PRA Clearance Officer, 1775 Duke Street, Suite 6032, Alexandria, VA 22314, or email at PRAComments@ncua.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0098.
Type of Review: Extension of a currently approval collection.
Title: Advertising of Excess Insurance, 12 CFR part 740.3.
Abstract: Requirements of 12 CFR 740.3, Advertising of excess insurance, prescribes that federally insured credit unions must disclose in advertising the share or savings account insurance provided by a party other than NCUA. This disclosure statement must include the identity of the carrier, the type and amount of such insurance and must avoid any statement or implication that the carrier is affiliated with NCUA or the federal government. The disclosure requirements under § 740.3 are necessary to ensure that share account holders are aware that their accounts are insured by carriers other than the NCUA.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 291.
By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on December 24, 2019.
Dated: December 24, 2019.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2019-28240 Filed 12-30-19; 8:45 am]
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