Furnisher Information Accuracy and Integrity (FACTA 312)

ICR 202201-3064-008

OMB: 3064-0161

Federal Form Document

ICR Details
3064-0161 202201-3064-008
Received in OIRA 201902-3064-009
FDIC 3064-0161
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

Not associated with rulemaking

  87 FR 2155 01/13/2022
87 FR 15992 03/21/2022
No

  Total Request 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 147,580 74,193 0 0 73,387 0
Annual Time Burden (Hours) 159,303 157,807 0 0 1,496 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
Yes
No
No
Manuel Cabeza 202 898-3781 mcabeza@fdic.gov

  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.
03/21/2022


© 2024 OMB.report | Privacy Policy