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View ICR - OIRA Conclusion

OMB Control No: 3084-0157	ICR Reference No: 201701-3084-001
Status: Historical Active	Previous ICR Reference No: 201312-3084-001
Agency/Subagency: FTC	Agency Tracking No:
Title: Regulation O
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: 02/27/2017
	Date Received in OIRA: 01/25/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2020	36 Months From Approved	02/28/2017
Responses	107	0	1,000
Time Burden (Hours)	321	0	32,500
Cost Burden (Dollars)	29,425	0	250,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	107	1,000	-893
Annual Time Burden (Hours)	321	32,500	-32,179
Annual Cost Burden (Dollars)	29,425	250,000	-220,575

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 drop in burden hours is an adjustment that reflects a significant reduction in the estimated MARS providers and the lack of one-time startup costs associated with new entrants into the market, since there are not expected to be new market entrants in the next three years. The decrease in the estimated number of MARS providers is consistent with Regulation O’s causing a reduction in purported providers of mortgage relief services which were not in fact providing legitimate relief services, causing overestimation.

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