Summary of Burden Table 3133-0103

OMB # 3133-0103

January 2020

Summary of Burden
Recordkeeping and Disclosure Requirements; REGS B, E, M, and CC

REG B

NCUA

Information Collection Activity

Reference

# Respondents

Annual
Frequency

# Annual Responses

Response
Time
(minutes)

Response Time
Annual Burden Hours
(hours)

Notifications
Furnishing of credit information
Record retention: Applications,
actions, and prescreened
solicitations

1002.9
1002.10

3,330
3,330

1,975
975

6,576,750
3,246,750

2.50
2.00

0.04
0.03

274,031
108,225

1002.12

3,330

1

3,330

480.00

8.00

26,640

Information for monitoring purposes

1002.13

3,330

420

1,398,600

0.50

0.01

11,655

Rules on providing appraisal
reports: Appraisal report upon
request

1002.14

3,330

220

732,600

5.00

0.08

61,050

Rules on providing appraisal
reports: Notice of right to appraisal

1002.14

0.00

0

Self-Testing: Recordkeeping of Test

1002.12

39

1

39

120

2.00

78

1002.15

10

1

10

480

8.00

80

1002.5

39

2500

97,500

1

0.02

1,625

Self-Testing: Recordkeeping of
corrective action
Self-Testing: Disclosure for
optional self-test

0

3,330

Total
Cost per hour
Total annual cost

12,055,579

REG E
Information Collection Activity

Initial disclosures
Change-in-terms
Periodic statements
Error resolution
Error resolution -- Payroll cards
Overdraft opt-in disclosures -Existing account holders
Overdraft opt-in disclosures -- New
account holders
Gift card exclusion policies &
procedures
Gift card policy & procedures
Systems change to implement
disclosure update
Total Instituion Burden
Total Consumer Burden
Overdraft opt-in disclosures -Consumer response
Cost per hour - CU
Total annual cost

483,384
$35
$16,918,449

NCUA
Reference

1005.7(b) &
1005.18(c)(1)
1005.8(a)
1005.9(b) &
1005.18(b)
1005.8(b) &
1005.11
1005.18

# Respondents

Annual
Frequency

# Annual Responses

Response Time
Annual Burden Hours
(hours)

2,661

280

745,080

1.50

0.03

18,627

2,661

380

1,011,180

1.00

0.02

16,853

750

12

9,000

420.00

7.00

63,000

2,661

35

93,135

30.00

0.50

46,568

0

0.00

0

0

0.00

0

16.00

42,576

1005.17(c)(1)
1005.17(c)(2)

Response
Time
(minutes)

2,661

1

2,661

960

1005.20(b)(2)

431

1

431

480

8.00

3,448

1005.20(e)(1)

431

1

431

480

8.00

3,448

0.00

0

CU Cost ($35)

194,520
$6,808,182.50

0.08

2,058,333

1005.20(e)(3)

0
2,661

1005.17

24,700,000

1,861,918

1

24,700,000

5

Consumer Cost ($20)

$41,166,667
$47,974,849.17

OMB # 3133-0103

REG M

NCUA

Information Collection Activity

Reference

# Respondents

Annual
Frequency

# Annual Responses

1013.4
1013.7

Disclosures
Advertising
Other/Combined

48
48

Total
Cost per hour
Total annual cost

100

REG CC
Information Collection Activity

SUMMARY OF BURDEN
Federal Credit Union Burden
REG B
REG E
REG M
REG CC

0
0
4,800
4,800

Response
Time
(minutes)

Response Time
Annual Burden Hours
(hours)

45

0.00
0.00
0.75

0
0
3,600
3,600
$35
$126,000

NCUA
Reference

Special availability policy disclosure
229.16, 229.17
(initial notice, upon request, upon
& 229.18(d)
change in policy)
Case-by-case hold notice
229.16(c)
Notice of exceptions
229.13(g)
229.18(b) &
Notice posted where consumers
229.18(c)
make deposits
ATM changes in policy
229.18(e)
Annual notice of new ATMs
229.18(e)
229.33(a) &
Notice of nonpayment
229.33(d)
Response to consumer's recredit
229.54(e)
claim
Expedited recredit for banks
229.55
Consumer awareness disclosure
229.57
Expedited recredit claim notice
229.54(b)(2)
Total
Cost per hour
Total annual cost

No.
Respondents

# Respondents

Annual
Frequency

# Annual Responses

Response
Time
(minutes)

Response Time
Annual Burden Hours
(hours)

4,396

160

703,360

1.00

0.02

11,723

4,396
4,396

810
280

3,560,760
1,230,880

3.00
3.00

0.05
0.05

178,038
61,544

4,396

1

4,396

15.00

0.25

1,099

20
4,396

1
1

20
4,396

1,200.00
300.00

20.00
5.00

400
21,980

4,396

2,500

10,990,000

1

0.02

183,167

4,396

12

52,752

15

0.25

13,188

4,396
4,396
4,396
4,396

5
200
8

21,980
879,200
35,168
17,482,912

15
1
15

0.25
0.02
0.25

5,495
14,653
8,792
500,079
$35
$17,502,753

No. Annual
Responses

Total Annual
Burden
(hours)

3,330
2,661
48
4,396
Total

12,055,579
1,861,918
4,800
17,482,912
31,405,209

483,384
194,520
3,600
500,079
1,181,582

24,700,000
TOTAL

24,700,000
56,105,209

2,058,333
3,239,915

Consumer Burden
REG E

January 2020

Summary of Burden
Recordkeeping and Disclosure Requirements; REGS B, E, M, and CC