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 Governmentâs 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 Actâs 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.
Form TTB F 5030.6 Authorization to Furnish Financial Information and Certificate of Compliance
1513-0004 Supporting Statement (05-2022).docx
Authorization to Furnish Financial Information and Certificate of Compliance