Authorization to Furnish
Financial Information and Certificate of Compliance
Extension without change of a currently approved collection
No
Regular
06/01/2022
Requested
Previously Approved
36 Months From Approved
06/30/2022
10
240
3
60
20
0
Under its statutory and regulatory
authorities, during an alcohol or tobacco permit investigation, the
Alcohol and Tobacco Tax and Trade Bureau (TTB) may require such
applicants to show that they have the financial standing necessary
to conduct their operations in compliance with Federal law.
However, the Right to Financial Privacy Act of 1978 (the Act; 12
U.S.C. 3401 et seq.) limits the Federal Government’s access to the
records of individuals held by financial institutions. The Act
provides that a person may authorize a financial institution to
disclose their individual records to a Federal agency, but it also
requires the agency to certify to the institution that the agency
has complied with the Act. To meet the Act’s requirements, a permit
applicant uses TTB F 5030.6, Authorization to Furnish Financial
Information and Certificate of Compliance, to authorize a financial
institution to disclose their individual records to TTB, and TTB
uses the form to certify to the institution that the agency has
complied with the Act.
US Code:
12 USC 3401-3422 Name of Law: Right to Financial Privacy Act of
1978
There are no program changes
associated with this information collection at this time. As for
adjustments, due to changes in agency estimates, TTB is decreasing
the number of annual respondents, responses, and burden hours for
this information collection, from 240 to 10 respondents, from 240
to 10 responses, and from 60 to 2.5 burden hours. The use of this
collection by respondents has declined significantly in recent
years because TTB no longer requires all permit applicants to
complete form TTB F 5030.6 as almost all applicants provide their
financial information directly to TTB.
$296
No
No
No
No
No
No
No
Jesse Longbrake 202
453-2265
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.