Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending)

ICR 200803-3064-001 · OMB 3064-0082 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 3064-0082 can be found here:

Forms and Documents

Document	Type	Status	Availability
SPST0082(2008).doc	Supporting Statement A	Uploaded 2008-03-10	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
31827	Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending)		Modified

ICR Details

OMB Control No: 3064-0082	ICR Reference No: 200803-3064-001
Status: Historical Active	Previous ICR Reference No: 200410-3064-001
Agency/Subagency: FDIC	Agency Tracking No:
Title: Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/05/2008
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/11/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2011	36 Months From Approved	06/30/2008
Responses	5,200	0	4,941
Time Burden (Hours)	2,553,775	0	2,373,600
Cost Burden (Dollars)	0	0	0

Abstract: Regulation Z (issued by the Federal Reserve Board of Governors) ensures adequate disclosure of the costs and terms of credit to consumers in open-end credit (revolving credit accounts) and closed-end credit (such as mortgage and installment loans).

Authorizing Statute(s): US Code: 15 USC 1607 Name of Law: Truth in Lending Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 59289	10/19/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 13002	03/11/2008
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending)

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	5,200	4,941	259
Annual Time Burden (Hours)	2,553,775	2,373,600	180,175
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden is the result of an increase in the number of respondent institutions.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Michael Evans 202 942-3091

Common Form ICR: No