[Federal Register Volume 75, Number 100 (Tuesday, May 25, 2010)]
[Notices]
[Pages 29386-29387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-12455]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Consumer Protections for Depository Institution Sales of
Insurance
AGENCY: Office of Thrift Supervision (OTS), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to comment on proposed and continuing
information collections, as required by the Paperwork Reduction Act of
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the
Department of the Treasury will submit the proposed information
collection requirement described below to the Office of Management and
Budget (OMB) for review, as required by the Paperwork Reduction Act.
Today, OTS is soliciting public comments on its proposal to extend this
information collection.
DATES: Submit written comments on or before July 26, 2010.
ADDRESSES: Send comments, referring to the collection by title of the
proposal or by OMB approval number, to Information Collection Comments,
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street,
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS
will post comments and the related index on the OTS Internet Site at
http://www.ots.treas.gov. In addition, interested persons may inspect
comments at the Public Reading Room, 1700 G Street, NW., by
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to
(202) 906-7755.
FOR FURTHER INFORMATION CONTACT: You can request additional information
about this proposed information collection from Suzanne McQueen (202)
906-6459, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552.
SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an
information collection, and respondents are not required to respond to
an information collection, unless the information collection displays a
currently valid OMB control number. As part of the approval process, we
invite comments on the following information collection.
Comments should address one or more of the following points:
a. Whether the proposed collection of information is necessary for
the proper performance of the functions of OTS;
b. The accuracy of OTS's estimate of the burden of the proposed
information collection;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of information technology.
We will summarize the comments that we receive and include them in
the OTS request for OMB approval. All comments will become a matter of
public record. In this notice, OTS is soliciting comments concerning
the following information collection.
Title of Proposal: Consumer Protection for Depository Institution
Sales of Insurance.
OMB Number: 1550-0106.
Regulation Requirements: 12 CFR part 536.
Form Number: N/A.
Description: These information collections are required under
section 305 of the Gramm-Leach-Bliley Act (GLB Act), Public Law 106-
102. Section 305 of the GLB Act required the Office of the Comptroller
of the Currency, Board of Governors of the Federal Reserve System,
Federal Deposit Insurance Corporation, and Office of Thrift Supervision
to prescribe joint consumer protection regulations. OTS's regulations
are found at 12 CFR part 536. The regulations 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. Section 305 requires those performing such activities to
disclose certain information to consumers and to obtain consumers'
acknowledgements.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 765.
Estimated Burden Hours per Responses: 1.5 minutes.
Estimated Number of Responses: 629,660.
Estimated Frequency of Response: On occasion.
Estimated Total Burden: 15,742 hours.
[[Page 29387]]
Dated: May 19, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift
Supervision.
[FR Doc. 2010-12455 Filed 5-24-10; 8:45 am]
BILLING CODE 6720-01-P