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Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with the Bureau’s Regulation E

ICR 201808-7100-010 · OMB 7100-0200 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
FRE_20190128_83c.pdf Justification for No Material/Nonsubstantive Change Uploaded 2019-01-28 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
46158 Disclosure: Sections 1005.8(b) and 1005.11 - Error resolution Modified
46157 Disclosure: Sections 1005.9(b) and 1005.18(b) - Periodic statements Modified
46155 Disclosure: Section 1005.8(a) - Change-in-terms Modified
36218 Disclosure: Sections1005.7(b) and 1005.18(c)(1) - Initial disclosures Modified
217957 Recordkeeping: Section 1005.35 - Acts of agents Modified
217956 Acts of agents (Section 1005.35) one time Removed
217955 Recordkeeping:Section 1005.33(g) - Transmitter error resolution standards and recordkeeping Modified
217954 Transmitter error resolution standards and recordkeeping (Section 1005.33(g) one time Removed
217953 Disclosure: Section 1005.33(c)(1) - Time limits and extent of investigation Modified
217952 Error notice from sender (consumers) (Section 1005.33(b)) Removed
217951 Disclosure: Section 1005.31 - Remittance transfer disclosures Modified
217950 Remittance transfer disclosures (Section 1005.31) one-time Removed
191445 Recordkeeping: Section 1005.20(e)(1) - Gift Card policy and procedures Modified
191443 Recordkeeping: Section 1005.20(b)(2) - Gift card exclusion policies and procedures Modified
ICR Details
7100-0200 201808-7100-010
Historical Active 201508-7100-005
FRS FR E
Recordkeeping and Disclosure Requirements Associated with the Bureau’s Regulation E
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 01/28/2019
Retrieve Notice of Action (NOA) 01/28/2019
  Inventory as of this Action Requested Previously Approved
01/31/2019 01/31/2019 01/31/2019
629,412 0 1,397,998
210,925 0 493,321
0 0 0
The EFTA ensures adequate disclosure of basic terms, costs, and rights relating to electronic fund transfer (EFT) services debiting or crediting a consumer’s account. The disclosures required by the EFTA are triggered by certain specified events. The disclosures inform consumers about the terms of the electronic fund transfer service, activity on the account, potential liability for unauthorized transfers, and the process for resolving errors. To ease institutions’ burden and cost of complying with the disclosure requirements of Regulation E (particularly for small entities), Regulation E includes model forms and disclosure clauses. Regulation E applies to all financial institutions. In addition, certain provisions in Regulation E apply to entities that are not financial institutions, including: those that act as service providers or automated teller machine (ATM) operators; merchants and other payees that engage in electronic check conversion (ECK) transactions, the electronic collection of returned item fees, or preauthorized transfers; issuers and sellers of gift cards and gift certificates; and remittance transfer providers.
US Code: 15 USC 1693b(a) Name of Law: Electronic Fund Transfer Act
  
US Code: 15 USC 1693b(a) Name of Law: Electronic Fund Transfer Act
Not associated with rulemaking
  80 FR 32953 06/10/2015
80 FR 52279 08/28/2015
No
  Total Approved 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 629,412 1,397,998 0 0 -768,586 0
Annual Time Burden (Hours) 210,925 493,321 0 0 -282,396 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden hours reflects an update to respondent counts and the removal of one time burden associated with rule revisions under Docket R-1343 and Docket R-1377.
$0
No
    No
    No
No
No
No
Uncollected
Jennifer Williams 202 452-2446 [email protected]
  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.
01/28/2019