View Information Collection Request (ICR) Package
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COMMENT
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OMB Control No:
3133-0127
ICR Reference No:
202603-3133-006
Status:
Received in OIRA
Previous ICR Reference No:
202311-3133-003
Agency/Subagency:
NCUA
Agency Tracking No:
E&I
Title:
Purchase, Sale, and Pledge of Eligible Obligations - 12 CFR 701.23
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
03/18/2026
Requested
Previously Approved
Expiration Date
36 Months From Approved
02/28/2027
Responses
26,807
27,150
Time Burden (Hours)
10,232
10,918
Cost Burden (Dollars)
0
0
Abstract:
Section 701.23 authorizes Federal Credit Unions to sell and pledge loans and purchase eligible obligations from other institutions.
Authorizing Statute(s):
US Code:
12 USC 1757
Name of Law: Federal Credit Union Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3133-AF95
Proposed rulemaking
91 FR 9188
02/25/2026
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
7
IC Title
Form No.
Form Name
Internal written purchase policies
Original Loan Documents for Pledged Obligations
Written Agreement and Schedule in Credit Union Office When Pledging Eligible Obligations
Written Agreement and Schedule in Puchasers Office
Written Agreement and Schedule in Sellers Office
Written Incentive and Bonus Policy
Written Policy on Purchase, Sale, or Pledge of Eligible Obligations
Written approval to Purchase Eligible Obligations of a Liquidating Credit Union
ICR Summary of Burden
Total Request
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
26,807
27,150
0
0
-343
0
Annual Time Burden (Hours)
10,232
10,918
0
0
-686
0
Annual Cost Burden (Dollars)
0
0
0
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 NCUA published a proposed rule to remove the recordkeeping requirement for 12 CFR 701.23(g). The total annual burden decreased from 10,918 to 10,232 as a result.
Annual Cost to Federal Government:
$19,800
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:
Amanda Parkhill 703 518-6385
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
03/18/2026
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