OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending) and Section 227.28 of Regulation AA (Unfair or Deceptive Acts or Practices (UDAP))

ICR 200905-7100-003 · OMB 7100-0199 · Historical Active

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-08-18
Supplementary Document
2009-08-14
Supplementary Document
2009-08-05
Supplementary Document
2009-05-22
IC Document Collections
IC ID
Document
Title
Status
36212
Unchanged
189274
New
189273
New
188765
Unchanged
187388
Unchanged
187384
Unchanged
187382
Unchanged
187381
Unchanged
187380
Unchanged
187379
Unchanged
185745
Unchanged
179781
Unchanged
179780
Unchanged
179778
Unchanged
179777
Unchanged
179776
Unchanged
179775
Unchanged
179774
Unchanged
179773
Unchanged
179772
Unchanged
179769
Unchanged
ICR Details
7100-0199 200905-7100-003
Historical Active 200904-7100-005
FRS Reg Z (R-1353) (HEOA)
Recordkeeping and Disclosure Requirements in Connection with Regulation Z (Truth in Lending) and Section 227.28 of Regulation AA (Unfair or Deceptive Acts or Practices (UDAP))
Revision of a currently approved collection   No
Delegated
Approved without change 08/24/2009
Retrieve Notice of Action (NOA) 08/24/2009
  Inventory as of this Action Requested Previously Approved
08/31/2012 36 Months From Approved 08/31/2009
8,825,062 0 8,810,294
1,011,311 0 734,127
0 0 0
On March 24, 2009, a notice of proposed rulemaking was published in the Federal Register for public comment (74 FR 12464). The Federal Reserve proposes to revise Regulation Z following the passage of the Higher Education Opportunity Act (HEOA). Title X of the HEOA amends the TILA by adding disclosure and timing requirements that apply to private educational lenders making private education loans, which are defined as loans made expressly for postsecondary educational expenses. The HEOA’s definition of private education loan excludes open-end credit, real estate-secured loans, and loans made, insured, or guaranteed by the federal government under title IV of the Higher Education Act of 1965 (20 USC 1070 et seq.). The HEOA also amends TILA by adding limitations on certain practices by private educational lenders, including limitations on co-branding in the marketing of private student loans. The comment period expired May 26, 2009.
US Code: 15 USC 1601 and 1604(a) Name of Law: Consumer Credit Protection Act
  
PL: Pub.L. 110 - 315 1021-1022 Name of Law: Higher Education Opportunity Act (HEOA) of 2008
7100-AD31 Final or interim final rulemaking 74 FR 41194 08/14/2009
Yes
  Total Approved 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 8,825,062 8,810,294 14,768 0 0 0
Annual Time Burden (Hours) 1,011,311 734,127 277,184 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
Uncollected
Uncollected
No
Uncollected
John Schmidt 202-728-5859 john.schmidt@frb.gov
  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
08/24/2009