9994 Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 

1Following the close of this notice’s 60-day 

comment period, the OCC will publish a second 

notice with a 30-day comment period. 

Instructions Governing the Installation, 

Inspection, Maintenance, and Repair of 

Signal and Train Control Systems, 

Devices, and Appliances. FRA assigned 

the petition Docket Number FRA–2021– 

0018. 

Specifically, NS requests relief from 

49 CFR 236.566, Locomotive of each 

train operating in train stop, train 

control or cab signal territory; equipped. 

The relief is requested for the Port Road 

Line in the Keystone Division, from 

control point (CP) Perryville milepost 

(MP) PD 0.0 to MP PD 39.7. NS seeks 

to operate positive train control (PTC) 

equipped locomotives, that are not 

equipped with cab signal system 

equipment, in cab signal system 

territory. 

PTC-equipped locomotives are to be 

used in switching, transfer service, with 

or without cars, manifest trains, work 

trains, wreck trains, ballast cleaners to 

and from work, and engines and rail 

diesel cars moving to and from shops 

with all movements made at timetable 

speed. NS states that if a PTC-equipped 

locomotive experiences an en route 

failure, then 49 CFR 236.1029, PTC 

system use and failures, would apply. 

A copy of the petition, as well as any 

written communications concerning the 

petition, is available for review online at 

http://www.regulations.gov. 

Interested parties are invited to 

participate in these proceedings by 

submitting written views, data, or 

comments. FRA does not anticipate 

scheduling a public hearing in 

connection with these proceedings since 

the facts do not appear to warrant a 

hearing. If any interested parties desire 

an opportunity for oral comment and a 

public hearing, they should notify FRA, 

in writing, before the end of the 

comment period and specify the basis 

for their request. 

All communications concerning these 

proceedings should identify the 

appropriate docket number and may be 

submitted by any of the following 

methods: 

• Website: http://

www.regulations.gov. Follow the online 

instructions for submitting comments. 

• Fax: 202–493–2251. 

• Mail: Docket Operations Facility, 

U.S. Department of Transportation 

(DOT), 1200 New Jersey Ave. SE, W12– 

140, Washington, DC 20590. 

• Hand Delivery: 1200 New Jersey 

Ave. SE, Room W12–140, Washington, 

DC 20590, between 9 a.m. and 5 p.m., 

Monday through Friday, except Federal 

Holidays. 

Communications received by April 5, 

2021 will be considered by FRA before 

final action is taken. Comments received 

after that date will be considered if 

practicable. 

Anyone can search the electronic 

form of any written communications 

and comments received into any of our 

dockets by the name of the individual 

submitting the comment (or signing the 

document, if submitted on behalf of an 

association, business, labor union, etc.). 

Under 5 U.S.C. 553(c), DOT solicits 

comments from the public to better 

inform its processes. DOT posts these 

comments, without edit, including any 

personal information the commenter 

provides, to www.regulations.gov, as 

described in the system of records 

notice (DOT/ALL–14 FDMS), which can 

be reviewed at https://

www.transportation.gov/privacy. See 

also http://www.regulations.gov/ 

#!privacyNotice for the privacy notice of 

regulations.gov. 

Issued in Washington, DC. 

John Karl Alexy, 

Associate Administrator for Railroad Safety, 

Chief Safety Officer. 

[FR Doc. 2021–03080 Filed 2–16–21; 8:45 am] 

BILLING CODE 4910–06–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Requirements: Information Collection 

Renewal; Comment Request; Debt 

Cancellation Contracts and Debt 

Suspension Agreements 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on a continuing information 

collection as required by the Paperwork 

Reduction Act of 1995 (PRA). In 

accordance with the requirements of the 

PRA, the OCC may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. Currently, the 

OCC is soliciting comment concerning 

the renewal of an information collection 

titled ‘‘Debt Cancellation Contracts and 

Debt Suspension Agreements.’’ 

DATES: You should submit written 

comments by: April 19, 2021. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 

Attention: 1557–0224, 400 7th Street 

SW, suite 3E–218, Washington, DC 

20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, suite 3E–218, Washington, 

DC 20219. 

• Fax: (571) 465–4326. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0224’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

You may review comments and other 

related materials that pertain to this 

information collection beginning on the 

date of publication of the second notice 

for this collection 1 by the following 

method: 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Click on the 

‘‘Information Collection Review’’ tab. 

Underneath the ‘‘Currently under 

Review’’ section heading, from the dropdown menu select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0224’’ or ‘‘Debt Cancellation 

Contracts and Debt Suspension 

Agreements.’’ 

Upon finding the appropriate 

information collection, click on the 

related ‘‘ICR Reference Number.’’ On the 

next screen, select ‘‘View Supporting 

Statement and Other Documents’’ and 

then click on the link to any comment 

listed at the bottom of the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 9995 

Street SW, suite 3E–218, Washington, 

DC 20219. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), Federal 

agencies must obtain approval from 

OMB for each collection of information 

they conduct or sponsor. ‘‘Collection of 

information’’ is defined in 44 U.S.C. 

3502(3) and 5 CFR 1320.3(c) to include 

agency requests or requirements that 

members of the public submit reports, 

keep records, or provide information to 

a third party. Section 3506(c)(2)(A) of 

title 44 (44 U.S.C. 3506(c)(2)(A)) 

requires Federal agencies to provide a 

60-day notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of an existing collection of 

information, before submitting the 

collection to OMB for approval. To 

comply with this requirement, the OCC 

is publishing notice of the renewal of 

the information collection set forth in 

this document. 

Title: Debt Cancellation Contracts and 

Debt Suspension Agreements. 

OMB Control No.: 1557–0224. 

Description: Twelve U.S.C. 

24(Seventh) authorizes a national bank 

(bank) to enter into Debt Cancellation 

Contracts (DCCs) and Debt Suspension 

Agreements (DSAs). Twelve CFR part 37 

requires banks to disclose information 

about a DCC or DSA using either a short 

or long form disclosure. The short form 

disclosure usually is made orally and 

issued at the time a bank first solicits 

the purchase of a contract. The long 

form disclosure usually is made in 

writing and issued before the customer 

completes the purchase of the contract. 

There are special rules for transactions 

by telephone, solicitations using written 

mail inserts or ‘‘take one’’ applications, 

and electronic transactions. Part 37 

provides two model forms of disclosure 

for satisfying the requirements of the 

rule. Use of the forms is not mandatory, 

and the regulation permits a bank to 

adjust the form and wording of its 

disclosures so long as it meets the 

applicable requirements. The 

requirements of part 37 enhance 

consumer protections for customers 

who purchase DCCs and DSAs from 

banks and ensure that banks offer these 

products in a safe and sound manner by 

requiring them to effectively manage 

their risk exposure. 

Section 37.6 

Section 37.6 requires the disclosures 

to be readily understandable and 

meaningful. The content of the short 

and long form may vary, depending on 

whether a bank elects to provide a 

summary of the conditions and 

exclusions in the long form disclosures 

or refer the customer to the pertinent 

paragraphs in the contract. For example, 

the short form disclosure requires a 

bank to instruct the customer to read 

carefully both the long form disclosures 

and the contract for a full explanation 

of the contract terms, while the long 

form gives a bank the option of either: 

(i) Summarizing the limitations; or (ii) 

advising the customer that a complete 

explanation of the Eligibility 

requirements, conditions, and 

exclusions is available in the contract 

and identifying the paragraphs where 

the customer may find that information. 

Section 37.6 and appendices A and B 

to part 37 require a bank to provide the 

following disclosures (summarized 

below), as appropriate: 

• Anti-tying (short and long form) 

—A bank must inform the customer that 

purchase of the product is optional and 

that neither the bank’s decision whether 

to approve the loan nor the terms and 

conditions of the loan are conditioned 

on the purchase of a DCC or DSA. 

• Explanation of debt suspension 

agreement (long form)—A bank must 

disclose that if a customer activates the 

agreement, the customer’s duty to pay 

the loan principal and interest is only 

suspended and the customer must fully 

repay the loan after the period of 

suspension has expired. 

• Amount of the fee (long form)—A 

bank must make disclosures regarding 

the amount of the fee. The content of the 

disclosure depends on whether the 

credit is open-end or closed-end. In the 

case of closed-end credit, the bank must 

disclose the total fee. In the case of 

open-end credit, the bank must either: 

(i) Disclose that the periodic fee is based 

on the account balance multiplied by a 

unit cost and provide the unit cost; or 

(ii) disclose the formula used to 

compute the fee. 

• Lump sum payment of fee (short 

and long form)—A bank must disclose, 

where appropriate, that a customer has 

the option to pay the fee in a single 

payment or in periodic payments and 

that adding the fee to the amount 

borrowed will increase the cost of the 

contract. This disclosure is not 

appropriate in the case of a DCC or DSA 

provided in connection with a home 

mortgage loan where the option to pay 

the fee in a single payment is not 

available. 

• Lump sum payment of fee with no 

refund (short and long form)—A bank 

must disclose that the customer has the 

option to choose a contract with or 

without a refund provision. This 

disclosure must also state that the prices 

of refund and no-refund products are 

likely to differ. 

• Refund of fee paid in lump sum 

(short and long form)—If a bank permits 

a customer to pay the fee in a single 

payment and add the fee to the amount 

borrowed, the bank must disclose its 

cancellation policy. The disclosure 

informs the customer of the bank’s 

refund policy, as applicable, i.e., that 

the DCC or DSA may be: (i) Cancelled 

at any time for a refund; (ii) cancelled 

within a specified number of days for a 

full refund; or (iii) cancelled at any time 

with no refund. 

• Whether use of a card or credit line 

is restricted (long form)—A bank must 

inform a customer if the customer’s 

activation of the contract would prohibit 

the customer from incurring additional 

charges on the credit card or using the 

credit line. 

• Termination of a DCC or DSA (long 

form)—If termination is permitted 

during the life of the loan, a bank must 

include an explanation of the 

circumstances under which a customer 

or the bank may terminate the contract. 

• Additional disclosures (short 

form)—A bank must inform customers 

that it will provide additional 

information before the customer is 

required to pay for the product. 

• Eligibility requirements, conditions, 

and exclusions (short and long form)— 

A bank must describe any material 

limitations relating to the DCC or DSA. 

Section 37.7 

Section 37.7 requires a bank to obtain 

a customer’s written affirmative election 

to purchase a contract and written 

acknowledgment of receipt of the 

disclosures required by § 37.6. The 

section further provides that the 

election and acknowledgment must be 

conspicuous, simple, direct, readily 

understandable, and designed to call 

attention to their significance. Pursuant 

to § 37.7(b), if the sale of the contract 

occurs by telephone, the customer’s 

affirmative election to purchase and 

acknowledgment of receipt of the 

required short form may be made orally, 

provided the bank: (i) Maintains 

sufficient documentation to show that 

the customer received the short form 

disclosures and then affirmatively 

elected to purchase the contract; (ii) 

mails the affirmative written election 

and written acknowledgment, together 

with the long form disclosures required 

by § 37.6, to the customer within 3 

business days after the telephone 

solicitation and maintains sufficient 

documentation to show it made 

reasonable efforts to obtain the 

documents from the customer; and (iii) 

permits the customer to cancel the 

purchase of the contract without penalty 

within 30 days after the bank has mailed 


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9996 Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 

the long form disclosures to the 

customer. 

Pursuant to § 37.7(c), if the DCC or 

DSA is solicited through written 

materials such as mail inserts or ‘‘take 

one’’ applications and the bank provides 

only the short form disclosures in the 

written materials, then the bank shall 

mail the acknowledgment, together with 

the long form disclosures, to the 

customer. The bank may not obligate the 

customer to pay for the contract until 

after the bank has received the 

customer’s written acknowledgment of 

receipt of disclosures, unless the bank 

takes certain steps, maintains certain 

documentation, and permits the 

customer to cancel the purchase within 

30 days after mailing the long form 

disclosures to the customer. Section 

37.7(d) permits the customer’s 

affirmative election and 

acknowledgment to be made 

electronically. 

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

Number of Respondents: 1,098. 

Total Annual Burden Hours: 26,352 

hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

shall have practical utility; 

(b) The accuracy of the OCC’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2021–03125 Filed 2–16–21; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for TD 8383 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

disclosure of tax return information for 

purposes of quality or peer reviews, 

disclosure of tax return information due 

to incapacity or death of tax return 

preparer. 

DATES: Written comments should be 

received on or before April 19, 2021 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the information collection 

should be directed to Sara Covington, 

(737) 800–6149, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Disclosure of Tax Return 

Information for Purposes of Quality or 

Peer Reviews, Due to Incapacity or 

Death of Tax Return Preparer. 

OMB Number: 1545–1209. Regulation 

Project Number: TD 8383. 

Abstract: These regulations govern the 

circumstances under which tax return 

information may be disclosed for 

purposes of conducting quality or peer 

reviews, and disclosures that are 

necessary because of the tax return 

preparer’s death or incapacity. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

250,000. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 250,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: February 11, 2021. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2021–03142 Filed 2–16–21; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8971 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 8971, Information Regarding 


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