14620 Federal Register / Vol. 72, No. 59 / Wednesday, March 28, 2007 / Notices 

OMB Number: 3133–0125. 

Form Number: N/A. 

Type of Review: Reinstatement, with 

change, of a previously approved 

collection for which approval has 

expired. 

Title: 12 CFR, Part 722 of NCUA’s 

Rules and Regulations, Appraisals. 

Description: Title XI of the Financial 

Institutions, Reform, Recovery and 

Enforcement Act of 1989 (FIRREA) was 

enacted to protect federal financial and 

public policy interests in real estate 

related transactions. To achieve this 

purpose, the statute directed the 

National Credit Union Administration 

(NCUA), as one of the federal financial 

institution regulatory agencies, to adopt 

standards for the performance of real 

estate appraisals in connection with 

federally related transactions. FIRREA 

requires that appraisals be in writing 

and meet certain minimum standards. 

NCUA’s regulation carries out the 

statutory requirements. The information 

collection activities attributable to the 

regulation are a direct consequence of 

the legislative intent and statutory 

requirements. Each federally-insured 

credit union uses the information in 

determining whether and upon what 

terms to enter into a federally related 

transaction, such as making a loan 

secured by real estate. In addition, 

NCUA uses this information in its 

examinations of federally-insured credit 

unions to ensure that extensions of 

credit by the federally-insured credit 

union that are collateralized by real 

estate are undertaken in accordance 

with appropriate safety and soundness 

principles. The use of this information 

by credit unions and the NCUA helps 

ensure that federally-insured credit 

unions are not exposed to risk of loss 

from inadequate appraisals. A federallyinsured credit union must obtain an 

appraisal for real estate-related financial 

transactions valued in excess of 

$250,000, unless otherwise exempt. 

Estimated No. of Respondents/ 

Recordkeepers: 5,000. 

Estimated Burden Hours Per 

Response: 15 minutes. 

Frequency of Response: On occasion, 

at the time of each appraisal. 

Estimated Total Annual Burden 

Hours: 187,500. 

Estimated Total Annual Cost: $ 0. 

By the National Credit Union 

Administration Board on March 22, 2007. 

Mary Rupp, 

Secretary of the Board. 

[FR Doc. E7–5648 Filed 3–27–07; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Agency Information Collection 

Activities: Submission to OMB for 

Reinstatement; Comment Request 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Request for comment. 

SUMMARY: The NCUA intends to submit 

the following information collection to 

the Office of Management and Budget 

(OMB) for review and clearance under 

the Paperwork Reduction Act of 1995 

(Pub. L. 104–13, 44 U.S.C. Chapter 35). 

This information collection is published 

to obtain comments from the public. 

DATES: Comments will be accepted until 

May 29, 2007. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

NCUA Clearance Officer or OMB 

Reviewer listed below: 

Clearance Officer: Mr. Neil 

McNamara, National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, Virginia 22314–3428, Fax 

No. 703–837–2861, E-mail: 

OCIOmail@ncua.gov. 

OMB Reviewer: NCUA Desk Officer, 

Office of Management and Budget, 

Room 10226, New Executive Office 

Building, Washington, DC 20503. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or a 

copy of the information collection 

request should be directed to Tracy 

Sumpter at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428 or at (703) 

518–6444. 

SUPPLEMENTARY INFORMATION: Proposal 

for the following collection of 

information: 

OMB Number: 3133–0127. 

Form Number: N/A. 

Type of Review: Reinstatement, with 

change, of a previously approved 

collection for which approval has 

expired. 

Title: 12 CFR, Part 701.23 of NCUA’s 

Rules and Regulations, Purchase, Sale, 

and Pledge of Eligible Obligations. 

Description: Section 701.23 states the 

requirements for the purchase, sale and 

pledge of eligible obligations. The 

regulation provides that a federal credit 

union (FCU) may purchase loans from 

any source if it is granting such loans on 

an ongoing basis and the purchase will 

facilitate the packaging of a pool of 

loans for sale on the secondary market. 

A pool must include a substantial 

portion of the FCU’s member loans and 

must be sold promptly. Section 

701.23(b)(2)(ii) requires that a written 

agreement and a schedule of the eligible 

obligations covered by the agreement be 

retained in the purchaser’s office; as 

well as any advance written approval 

required by 741.8 for purchases made 

under 701.23 (b)(1)(ii). 

Estimated No. of Respondents/ 

Recordkeepers: 2,500. 

Estimated Burden Hours per 

Response: 5 hours. 

Frequency of Response: At the time of 

purchase, sale, or pledge of an eligible 

obligation. 

Estimated Total Annual Burden 

Hours: 12,500. 

Estimated Total Annual Cost: $ 0. 

By the National Credit Union 

Administration Board on March 22, 2007. 

Mary Rupp, 

Secretary of the Board. 

[FR Doc. E7–5649 Filed 3–27–07; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Agency Information Collection 

Activities: Submission to OMB for 

Review; Comment Request 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Request for comment. 

SUMMARY: The NCUA intends to submit 

the following information collection to 

the Office of Management and Budget 

(OMB) for review and clearance under 

the Paperwork Reduction Act of 1995 

(Pub. L. 104–13, 44 U.S.C. Chapter 35). 

This information collection is published 

to obtain comments from the public. 

DATES: Comments will be accepted until 

April 27, 2007. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

NCUA Clearance Officer listed below: 

Clearance Officer: Mr. Neil 

McNamara, National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428, Fax No. 

703–837–2861, E-mail: 

_OCIOmail@ncua.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or a 

copy of the information collection 

request, should be directed to Tracy 

Sumpter at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428, or at (703) 

518–6444. 

SUPPLEMENTARY INFORMATION: Proposal 

for the following collection of 

information: 

OMB Number: 3133–0141. 

Form Number: N/A. 


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