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View ICR - OIRA Conclusion

OMB Control No: 3133-0101	ICR Reference No: 201607-3133-003
Status: Historical Active	Previous ICR Reference No: 201505-3133-002
Agency/Subagency: NCUA	Agency Tracking No: E&I
Title: 12 CFR Part 723, Member Business Loans; Commercial Lending
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: 04/11/2017
	Date Received in OIRA: 02/09/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2020	36 Months From Approved	06/30/2017
Responses	1,671	0	1,424
Time Burden (Hours)	46,752	0	9,492
Cost Burden (Dollars)	1,442,232	0	303,744

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	1,671	1,424	1,363	-1,116
Annual Time Burden (Hours)	46,752	9,492	41,724	-4,464
Annual Cost Burden (Dollars)	1,442,232	303,744	1,281,336	-142,848

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: Adjustments are attributed to the removal of the burden hours associated with usual and customary business practices. Program change are attributed credit unions that are engaged in business lending activities and not exempted from §723.3 and §723.4 that may need to revise their loan policies and procedures. The proposed rule also relieves credit unions from the current requirement to obtain MBL related waivers and prior approval from NCUA for a credit union’s non-member loan balances to exceed the lesser of 1.75 times the credit union’s net worth or 12.25 percent of the credit union’s total assets. Total burden requested is 46,752 hours.

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