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View ICR - OIRA Conclusion

OMB Control No: 3084-0086	ICR Reference No: 201504-3084-004
Status: Historical Active	Previous ICR Reference No: 201112-3084-017
Agency/Subagency: FTC	Agency Tracking No:
Title: Regulation M (Consumer Leasing)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/20/2015
	Date Received in OIRA: 06/16/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2018	36 Months From Approved	07/31/2015
Responses	4,783,825	0	2,883,809
Time Burden (Hours)	106,510	0	122,845
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	4,783,825	2,883,809	1,900,016
Annual Time Burden (Hours)	106,510	122,845	-16,335
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: Estimated net annual burden, cumulative of recordkeeping and disclosure, has decreased by 16,335 hours (from 122,845 hours to 106,510 hours). Cumulative estimated burden for recordkeeping, though unchanged per respondent (one hour), decreased due to a reduced estimated number of affected respondents (from 54,442 to 32,577). Estimated cumulative disclosure burden increased by 5,530 hours (from 68,403 hours to 73,933 hours). This reflects the combination of increased volume of vehicle lease transactions and lease advertisements, generally (each a reflection of market changes), as well as an increase in the estimated number of respondents promoting leases (and hence providing advertising disclosures).

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