29778 Federal Register / Vol. 78, No. 98 / Tuesday, May 21, 2013 / Notices 

DEPARTMENT OF LABOR 

Office of the Secretary 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Prohibited 

Transaction Class Exemption 88–59, 

Residential Mortgage Financing 

Arrangements Involving Employee 

Benefit Plans 

ACTION: Notice. 

SUMMARY: The Department of Labor 

(DOL) is submitting the Employee 

Benefits Security Administration 

(EBSA) sponsored information 

collection request (ICR) titled, 

‘‘Prohibited Transaction Class 

Exemption 88–59, Residential Mortgage 

Financing Arrangements Involving 

Employee Benefit Plans,’’ to the Office 

of Management and Budget (OMB) for 

review and approval for continued use 

without change, in accordance with the 

Paperwork Reduction Act (PRA) of 1995 

(44 U.S.C. 3501 et seq.). 

DATES: Submit comments on or before 

June 20, 2013. 

ADDRESSES: A copy of this ICR with 

applicable supporting documentation; 

including a description of the likely 

respondents, proposed frequency of 

response, and estimated total burden 

may be obtained free of charge from the 

RegInfo.gov Web site, http:// 

www.reginfo.gov/public/do/PRAMain, 

on the day following publication of this 

notice or by contacting Michel Smyth by 

telephone at 202–693–4129 (this is not 

a toll-free number) or sending an email 

to DOL_PRA_PUBLIC@dol.gov. 

Submit comments about this request 

to the Office of Information and 

Regulatory Affairs, Attn: OMB Desk 

Officer for DOL–EBSA, Office of 

Management and Budget, Room 10235, 

725 17th Street NW., Washington, DC 

20503, Fax: 202–395–6881 (this is not a 

toll-free number), email: 

OIRA_submission@omb.eop.gov. 

FOR FURTHER INFORMATION: Contact 

Michel Smyth by telephone at 202–693– 

4129 (this is not a toll-free number) or 

by email at DOL_PRA_PUBLIC@dol.gov. 

Authority: 44 U.S.C. 3507(a)(1)(D). 

SUPPLEMENTARY INFORMATION: The 

Prohibited Transaction Class Exemption 

applicable to residential mortgage 

financing arrangements involving 

employee benefit plans (PTE 88–59) 

permits an employee benefit plan to 

enter into specified transactions 

involving residential mortgage loans 

with parties in interest without violating 

the prohibited transaction provisions of 

the Employee Retirement Income 

Security Act of 1974, provided that plan 

meets specified conditions. Among 

other conditions, the plan must 

maintain records pertaining to covered 

transactions for the duration of the loan 

and must make the records available 

upon request to plan trustees, 

investment managers, participants and 

beneficiaries, and DOL and Internal 

Revenue Service agents. 

This information collection is subject 

to the PRA. A Federal agency generally 

cannot conduct or sponsor a collection 

of information, and the public is 

generally not required to respond to an 

information collection, unless it is 

approved by the OMB under the PRA 

and displays a currently valid OMB 

Control Number. In addition, 

notwithstanding any other provisions of 

law, no person shall generally be subject 

to penalty for failing to comply with a 

collection of information that does not 

display a valid Control Number. See 5 

CFR 1320.5(a) and 1320.6. The DOL 

obtains OMB approval for this 

information collection under Control 

Number 1210–0095. OMB authorization 

for an ICR cannot be for more than three 

(3) years without renewal, and the 

current approval for this collection is 

scheduled to expire on May 31, 2013. 

The DOL seeks OMB to extend PRA 

authorization for this information 

collection for three (3) more years 

without any change to existing 

requirements. It should be noted that 

existing information collection 

requirements submitted to the OMB 

receive a month-to-month extension 

while they undergo review. For 

additional information, see the related 

notice published in the Federal Register 

on November 27, 2012 (77 FR 70828). 

Interested parties are encouraged to 

send comments to the OMB, Office of 

Information and Regulatory Affairs at 

the address shown in the ADDRESSES

section within 30 days of publication of 

this notice in the Federal Register. In 

order to help ensure appropriate 

consideration, comments should 

mention OMB Control Number 1210– 

0095. The OMB is particularly 

interested in comments that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

Agency: DOL–EBSA. 

Title of Collection: Prohibited 

Transaction Class Exemption 88–59, 

Residential Mortgage Financing 

Arrangements Involving Employee 

Benefit Plans. 

OMB Control Number: 1210–0095. 

Affected Public: Private Sector— 

businesses or other for-profits and notfor-profit institutions. 

Total Estimated Number of 

Respondents: 2,187. 

Total Estimated Number of 

Responses: 10,936. 

Total Estimated Annual Burden 

Hours: 911. 

Total Estimated Annual Other Costs 

Burden: $0. 

Dated: May 13, 2013. 

Michel Smyth, 

Departmental Clearance Officer. 

[FR Doc. 2013–12022 Filed 5–20–13; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Office of the Secretary 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; 

Notification of Employee Rights Under 

Federal Labor Laws 

ACTION: Notice. 

SUMMARY: The Department of Labor 

(DOL) is submitting the Office of LaborManagement Standards (OLMS) 

sponsored information collection 

request (ICR) titled, ‘‘Notification of 

Employee Rights under Federal Labor 

Laws,’’ to the Office of Management and 

Budget (OMB) for review and approval 

for continued use without change in 

accordance with the Paperwork 

Reduction Act (PRA) of 1995 (44 U.S.C. 

3501 et seq.). 

DATES: Submit comments on or before 

June 20, 2013. 

ADDRESSES: A copy of this ICR with 

applicable supporting documentation; 

including a description of the likely 

respondents, proposed frequency of 

response, and estimated total burden 

may be obtained free of charge from the 

RegInfo.gov Web site, http:// 

www.reginfo.gov/public/do/PRAMain, 

on the day following publication of this 


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