View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3084-0144	ICR Reference No: 201305-3084-001
Status: Historical Active	Previous ICR Reference No: 201112-3084-012
Agency/Subagency: FTC	Agency Tracking No:
Title: Information Furnishers Rule
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: 08/02/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/31/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2016	36 Months From Approved	08/31/2013
Responses	15,280	0	22,926
Time Burden (Hours)	10,607	0	61,034
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	15,280	22,926	-7,646
Annual Time Burden (Hours)	10,607	61,034	-50,427
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 decrease from the previously cleared 61,034 burden hours to the currently estimated 10,607 hours is a dual reflection of reduced apportioned burden hours to the FTC given the CFPB's additional, shared role in this area as a result of the Dodd-Frank Act, and the added recognition of concluded one-time burdens particular to the first year of the Rule's implementation and a relatively greater weighting of burden within that first year for certain recurring obligations under the Rule.