Insurers and rental/leasing companies
are required annually to provide reports to the Secretary of
Transportation. Purpose is to reduce comprehensive insurance
premiums charged by insurers of vehicles due to thefts and
distribution of stolen parts.
US Code:
49
USC 331 Name of Law: Motor Vehicle and Driver Programs
The decrease in burden hours is
due to less manual labor, improved technology and networking to
store, retrieve, compile and generate information necessary to
complete the report. Additionally, there was a decrease in the
number of companies that issued motor vehicle insurance policies
written within a State and several rental and leasing companies
that have merged into one entity or have been exempted from the
reporting requirements since the last reporting period. The agency
has re-estimated the burden hours to be 63,238 total annual hours
requested in lieu of 64,610 as the current OMB inventory. This is a
decrease of 1,372 hours.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Carlita Ballard
2023665222
No
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:
(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;
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.