This information collection must be filed in connection with certain proposals involving the formation, acquisition, or merger of a savings and loan holding company (SLHC); the acquisition by an SLHC of a savings association or its assets; and the acquisition of control of a savings association by certain individuals associated with a SLHC. The Board requires the submission of this filing from an applicant for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations to review these transactions under section 10(e) of the Home Ownersâ Loan Act (HOLA) (12 U.S.C. 1461 et seq.) and the Boardâs Regulation LL - Savings and Loan Holding Companies (12 CFR 238.11).
The estimated total annual burden for the FR LL-10(e) is 900 hours, and would increase to 915 hours with the revisions reflecting a 15 hour increase. This increase is due to the addition of the estimated burden associated with the requirement for applicants to publish a notice in a newspaper that is currently approved by the Board but was not included in prior burden estimates. The Board does not expect that the addition of the standardized application and certification form will impact the burden of this collection.
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.
FRLL10e_20220525_omb.pdf
Disclosure