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View ICR - OIRA Conclusion

OMB Control No: 3084-0137	ICR Reference No: 200908-3084-001
Status: Historical Active	Previous ICR Reference No: 200607-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: The Reg Flags Regulations (The Fair and Accurate Credit Transactions Actions)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/04/2009
	Date Received in OIRA: 08/25/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	3,665,160	0	12,749,000
Time Burden (Hours)	6,151,062	0	7,110,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	3,665,160	12,749,000	-12,749,000	3,665,160
Annual Time Burden (Hours)	6,151,062	7,110,000	-7,110,000	6,151,062
Annual Cost Burden (Dollars)	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The primary factor in the reduced totals is staffs newly accounting for an estimated number of low-risk entities under section 114 that do not have covered accounts (9,191,496), which is the large bulk of low-risk entities. As the Red Flags Rule does not require entities that determine that they do not have any covered accounts to create a written Program, they are appropriately excluded from the revised PRA burden calculations.

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