|
|
|
|
|
|
|
| REG B |
|
NCUA |
| Information Collection Activity |
Reference |
# Respondents |
Annual Frequency |
# Annual Responses |
Response Time (minutes) |
Response Time (hours) |
Annual Burden Hours |
| Notifications |
1002.9 |
2,969 |
1,975 |
5,863,775 |
2.50 |
0.04 |
244,324 |
| Furnishing of credit information |
1002.10 |
2,969 |
975 |
2,894,775 |
2.00 |
0.03 |
96,493 |
| Record retention: Applications, actions, and prescreened solicitations |
1002.12 |
2,969 |
1 |
2,969 |
480.00 |
8.00 |
23,752 |
| Information for monitoring purposes |
1002.13 |
2,969 |
420 |
1,246,980 |
0.50 |
0.01 |
10,392 |
| Rules on providing appraisal reports: Appraisal report upon request |
1002.14 |
2,969 |
220 |
653,180 |
5.00 |
0.08 |
54,432 |
| Rules on providing appraisal reports: Notice of right to appraisal |
1002.14 |
|
|
0 |
|
0.00 |
0 |
| Self-Testing: Recordkeeping of Test |
1002.12 |
39 |
1 |
39 |
120 |
2.00 |
78 |
| Self-Testing: Recordkeeping of corrective action |
1002.15 |
10 |
1 |
10 |
480 |
8.00 |
80 |
| Self-Testing: Disclosure for optional self-test |
1002.5 |
39 |
2500 |
97,500 |
1 |
0.02 |
1,625 |
| Total |
|
2,969 |
|
10,759,228 |
|
|
431,175 |
| Cost per hour |
|
|
|
|
|
|
$35 |
| Total annual cost |
|
|
|
|
|
|
$15,091,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REG E |
|
NCUA |
| Information Collection Activity |
Reference |
# Respondents |
Annual Frequency |
# Annual Responses |
Response Time (minutes) |
Response Time (hours) |
Annual Burden Hours |
| Initial disclosures |
1005.7(b) & 1005.18(c)(1) |
2,969 |
280 |
831,320 |
1.50 |
0.03 |
20,783 |
| Change-in-terms |
1005.8(a) |
2,969 |
380 |
1,128,220 |
1.00 |
0.02 |
18,804 |
| Periodic statements |
1005.9(b) & 1005.18(b) |
750 |
12 |
9,000 |
420.00 |
7.00 |
63,000 |
| Error resolution |
1005.8(b) & 1005.11 |
2,969 |
35 |
103,915 |
30.00 |
0.50 |
51,958 |
| Error resolution -- Payroll cards |
1005.18 |
|
|
0 |
|
0.00 |
0 |
| Overdraft opt-in disclosures -- Existing account holders |
1005.17(c)(1) |
|
|
0 |
|
0.00 |
0 |
| Overdraft opt-in disclosures -- New account holders |
1005.17(c)(2) |
2,969 |
1 |
2,969 |
960 |
16.00 |
47,504 |
| Gift card exclusion policies & procedures |
1005.20(b)(2) |
431 |
1 |
431 |
480 |
8.00 |
3,448 |
| Gift card policy & procedures |
1005.20(e)(1) |
431 |
1 |
431 |
480 |
8.00 |
3,448 |
| Systems change to implement disclosure update |
1005.20(e)(3) |
|
|
0 |
|
0.00 |
0 |
| Total Instituion Burden |
|
2,969 |
|
2,076,286 |
|
|
208,944 |
|
|
|
|
|
CU Cost ($35) |
$7,313,045.83 |
| Total Consumer Burden |
|
|
|
|
|
|
|
| Overdraft opt-in disclosures -- Consumer response |
1005.17 |
24,700,000 |
1 |
24,700,000 |
5 |
0.08 |
2,058,333 |
| Cost per hour - CU |
|
|
|
|
Consumer Cost ($20) |
$41,166,667 |
| Total annual cost |
|
|
|
|
|
|
$48,479,712.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REG M |
|
NCUA |
| Information Collection Activity |
Reference |
# Respondents |
Annual Frequency |
# Annual Responses |
Response Time (minutes) |
Response Time (hours) |
Annual Burden Hours |
| Disclosures |
1013.4 |
|
|
0 |
|
0.00 |
0 |
| Advertising |
1013.7 |
|
|
0 |
|
0.00 |
0 |
| Other/Combined |
|
40 |
100 |
4,000 |
45 |
0.75 |
3,000 |
| Total |
|
40 |
|
4,000 |
|
|
3,000 |
| Cost per hour |
|
|
|
|
|
|
$35 |
| Total annual cost |
|
|
|
|
|
|
$105,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REG CC |
|
NCUA |
| Information Collection Activity |
Reference |
# Respondents |
Annual Frequency |
# Annual Responses |
Response Time (minutes) |
Response Time (hours) |
Annual Burden Hours |
| Special availability policy disclosure (initial notice, upon request, upon change in policy) |
229.16, 229.17 & 229.18(d) |
2,969 |
160 |
475,040 |
1.00 |
0.02 |
7,917 |
| Case-by-case hold notice |
229.16(c) |
2,969 |
810 |
2,404,890 |
3.00 |
0.05 |
120,245 |
| Notice of exceptions |
229.13(g) |
2,969 |
280 |
831,320 |
3.00 |
0.05 |
41,566 |
| Notice posted where consumers make deposits |
229.18(b) & 229.18(c) |
2,969 |
1 |
2,969 |
15.00 |
0.25 |
742 |
| ATM changes in policy |
229.18(e) |
20 |
1 |
20 |
1,200.00 |
20.00 |
400 |
| Annual notice of new ATMs |
229.18(e) |
2,969 |
1 |
2,969 |
300.00 |
5.00 |
14,845 |
| Notice of nonpayment |
229.33(a) & 229.33(d) |
2,969 |
2,500 |
7,422,500 |
1 |
0.02 |
123,708 |
| Response to consumer's recredit claim |
229.54(e) |
2,969 |
12 |
35,628 |
15 |
0.25 |
8,907 |
| Expedited recredit for banks |
229.55 |
2,969 |
5 |
14,845 |
15 |
0.25 |
3,711 |
| Consumer awareness disclosure |
229.57 |
2,969 |
200 |
593,800 |
1 |
0.02 |
9,897 |
| Expedited recredit claim notice |
229.54(b)(2) |
2,969 |
8 |
23,752 |
15 |
0.25 |
5,938 |
| Total |
|
2,969 |
|
11,807,733 |
|
|
337,876 |
| Cost per hour |
|
|
|
|
|
|
$35 |
| Total annual cost |
|
|
|
|
|
|
$11,825,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SUMMARY OF BURDEN |
No. Respondents |
No. Annual Responses |
Total Annual Burden (hours) |
|
|
|
|
| Federal Credit Union Burden |
|
|
|
|
| REG B |
2,969 |
10,759,228 |
431,175 |
|
|
|
|
| REG E |
2,969 |
2,076,286 |
208,944 |
|
|
|
|
| REG M |
40 |
4,000 |
3,000 |
|
|
|
|
| REG CC |
2,969 |
11,807,733 |
337,876 |
|
|
|
|
| Total |
24,647,247 |
980,995 |
|
|
|
|
| Consumer Burden |
|
|
|
|
| REG E |
24,700,000 |
24,700,000 |
2,058,333 |
|
|
|
|
| TOTAL |
49,347,247 |
3,039,328 |
|
|
|
|