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View ICR - OIRA Conclusion

OMB Control No: 7100-0298	ICR Reference No: 202204-7100-011
Status: Historical Active	Previous ICR Reference No: 202204-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR H-7
Title: Disclosure Requirements of Subpart H of Regulation H (Consumer Protection in Sales of Insurance)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/14/2022
	Date Received in OIRA: 04/14/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2025	36 Months From Approved	04/30/2022
Responses	215,171	0	214,830
Time Burden (Hours)	5,513	0	5,371
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	215,171	214,830	341
Annual Time Burden (Hours)	5,513	5,371	142
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden for FR H-7 is 5,371 hours, and would increase to 5,513 hours with the revisions. Related to advertisements, the Board estimates that each respondent that engages in such activity will advertise the products or annuities once per year and that ensuring the proper disclosure as described in section 208.84(d) takes 25 minutes. The estimated annual burden for advertisements disclosures is 142 hours.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Brenda Simms 202 475-6340 brenda.simms@frb.gov

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