[Federal Register Volume 78, Number 118 (Wednesday, June 19, 2013)]
[Notices]
[Pages 36780-36781]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14571]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewals; Comment Request Re: Insurance Sales Consumer Protections
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or
sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The FDIC hereby gives
notice that it is seeking comment on renewal of its Insurance Sales
Consumer Protections information collection (OMB No. 3064-0140). At the
end of the comment period, any comments and recommendations received
will be analyzed to determine the extent to which the collections
should be modified prior to submission to OMB for review and approval.
DATES: Comments must be submitted on or before August 19, 2013.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
[[Page 36781]]
http://www.FDIC.gov/regulations/laws/federal/notices.html.
Email: [email protected]. Include the name of the
collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room NY-
5050, Federal Deposit Insurance Corporation, 550 17th Street NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A copy of
the comments may also be submitted to the OMB desk officer for the
FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the FDIC address
above.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collections of information:
Title: Insurance Sales Consumer Protections.
OMB Number: 3064-0140.
Frequency of Response: Once--reviewing/updating disclosures; 240--
disclosures to consumers.
Affected Public: Insured State nonmember banks that sell insurance
products; persons who sell insurance products in or on behalf of
insured State nonmember banks.
Estimated Number of Respondents: 3,740.
Estimated Time per Response: 5 hours (reviewing/updating disclosure
materials--1 hour; disclosures to consumers--4 hours).
Total Annual Burden: 18,700 hours.
General Description of Collection: Respondents must prepare and
provide certain disclosures to consumers (e.g., that insurance products
and annuities are not FDIC-insured) and obtain consumer
acknowledgments, at two different times: (1) Before the completion of
the initial sale of an insurance product or annuity to a consumer; and
(2) at the time of application for the extension of credit (if
insurance products or annuities are sold, solicited, advertised, or
offered in connection with an extension of credit).
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the information
collection on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Dated at Washington, DC, this 14th day of June, 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-14571 Filed 6-18-13; 8:45 am]
BILLING CODE 6714-01-P