Furnisher Information
Accuracy and Integrity (FACTA 312)
Extension without change of a currently approved collection
No
Regular
03/21/2022
Requested
Previously Approved
36 Months From Approved
04/30/2022
147,580
74,193
159,303
157,807
0
0
Sec. 312 of the FACT Act requires the
FDIC to: issue guidelines for furnishers regarding the accuracy and
integrity of the information about consumers furnished to consumer
reporting agencies; prescribe regulations requiring furnishers to
establish reasonable policies/procedures to implement the
guidelines; and issue regulations identifying the circumstances
where a furnisher must reinvestigate a dispute about the accuracy
of information in a consumer report based on a direct request from
a consumer.
US Code:
15 USC § 1681s-2(e) Name of Law: Fair and Accurate Transaction
Act of 2003
PL: Pub.L. 108 - 159 312 Name of Law: Fair
and Accurate Credit Transactions Act
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.