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 adjustment of a 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 13,375
total annual hours requested in lieu of 58,186 as the current OMB
inventory. This is a decrease of 44,811 hours.
$64,000
No
No
No
No
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.