Regulation V, subpart N

Forms and Documents

Document Name	Status
Free Ann'l File Discl '12 SS fin_mtd.pdf Supporting Statement A	2012-11-06

IC Document Collections

IC ID	Document Title	Status
32353	Free Annual File Disclosures Rule	Removed
204734	Instructions to consumers	New
204733	Automated redirects to accompany mail requests with identifying info	New
204732	Requesting an annual file through U.S. postal service mail	New
204730	Annual file disclosures provided via Internet	New
204729	Annual file disclosures processed by automated phone requests	New
204724	Negotiating contracts for services to handle phone requests	New
204723	Negotiating contracts for services to handle internet requests	New
190925	One-time burden to reconfigure websites (re: proposed Rule amendments)	Removed

ICR Details

OMB Control No: 3084-0128	ICR Reference No: 201211-3084-001
Status: Historical Active	Previous ICR Reference No: 201112-3084-008
Agency/Subagency: FTC	Agency Tracking No:
Title: Regulation V, subpart N
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/14/2012
	Date Received in OIRA: 11/13/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2015	36 Months From Approved	12/31/2012
Responses	30,681,750	0	13,345,001
Time Burden (Hours)	170,905	0	155,512
Cost Burden (Dollars)	6,111,000	0	4,195,000

---

Abstract: On February 3, 2012, OMB cleared the FTC's adjusting entries to split PRA burden with the Consumer Financial Protetion Bureau (CFPB) regarding the formerly designated Free Annual File Disclosures Rule, and now designated Regulation V subpart N, based on the pre-existing FTC PRA burden estimates for the formerly named rule. The current OMB clearance for its share of PRA burden tied to its continuing enforcement jurisdiction, runs through November 30, 2012. The instant request for renewed 3 year clearance updates the prior estimates while still factoring in the 50:50 apportionment vis-a-vis the CFPB.

---

Authorizing Statute(s): Statute at Large: 123 Stat. 1734 Name of Statute: Credit Card Accountability Responsibility and Disclosure Act of 2009
   US Code: 16 USC 1681 Name of Law: Fair Credit Reporting Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1029 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 50106	08/20/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 67650	11/13/2012
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 7

IC Title	Form No.	Form Name
Free Annual File Disclosures Rule
Negotiating contracts for services to handle phone requests
Annual file disclosures processed by automated phone requests
Instructions to consumers
Negotiating contracts for services to handle internet requests
Annual file disclosures provided via Internet
Requesting an annual file through U.S. postal service mail
Automated redirects to accompany mail requests with identifying info
One-time burden to reconfigure websites (re: proposed Rule amendments)

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	30,681,750	13,345,001	0	0	17,336,749	0
Annual Time Burden (Hours)	170,905	155,512	0	0	15,393	0
Annual Cost Burden (Dollars)	6,111,000	4,195,000	0	0	1,916,000	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The updated burden estimates present increases of 15,393 hours and $1,916,000 in capital/non-labor costs over the currently cleared FTC burden totals, after the halving for shared interagency enforcement. These increases are largely attributable to FTC staff's estimate of the projected increase in the number of requests for free annual file disclosures.

---

Annual Cost to Federal Government: $80,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/13/2012

---