Federal Register / Vol. 63, No. 81 /Tuesday, April 28, 1998 / Notices 23337

Abstract: The Federal odometer law,

49 U.S.C. Chapter 327, and

implementing regulations, 49 CFR Part

580, require each transferor of a motor

vehicle to provide the transferee with a

written disclosure of the vehicle’s

mileage. This disclosure is to be made

on the vehicle’s title, or in the case of

a vehicle that has never been titled, on

a separate form. If the title is lost or is

held by a lienholder, and where

permitted by state law, the disclosure

can be made on a state-issued, secure

power of attorney.

Estimated Annual Burden: 2,586,160

hours.

Number of Annual Respondents:

Approximately 130,000,000.

Record Retention

Title: 49 CFR Part 576, Record

Retention.

OMB Control Number: 2127–0042.

Affected Public: Business or other forprofit.

Abstract: Under 49 U.S.C. Section

30166(e), NHTSA ‘‘reasonably may

require a manufacturer of a motor

vehicle or motor vehicle equipment to

keep records, and a manufacturer,

distributor, or dealer to make reports, to

enable [NHTSA] to decide whether the

manufacturer, distributor or dealer has

complied or is complying with this

chapter or a regulation prescribed under

this chapter.’’

49 U.S.C. Section 30118(c) requires

manufacturers to notify NHTSA and

owners, purchasers, and dealers if the

manufacturer (1) ‘‘learns’’ that any

vehicle or equipment manufactured by

it contains a defect and decides in good

faith that the defect relates to motor

vehicle safety, or (2) ‘‘decides in good

faith’’ that the vehicle or equipment

does not comply with an applicable

Federal motor vehicle safety standard.

The only way for the agency to decide

if and when a manufacturer ‘‘learned’’

of a safety-related defect or ‘‘decided in

good faith’’ that some products did not

comply with an applicable Federal

motor vehicle safety standard is for the

agency to have access to the information

available to the manufacturer.

Further, 49 U.S.C. Section 30118(a)

requires NHTSA to immediately notify

a manufacturer if the agency determines

that some of the manufacturer’s

products either do not comply with an

applicable Federal motor vehicle safety

standard or contain a safety-related

defect, and provide the manufacturer

with all the information on which the

determination is based. Agency

determinations of noncompliance are

generally based upon actual testing

conducted by or for the agency.

However, defect determinations depend

heavily upon review of consumer

complaints submitted to the

manufacturer, communications between

manufacturers and suppliers, and the

manufacturers’ analyses of field

problems and/or warranty claims.

Without these complaints and

manufacturer documents, NHTSA

would have only limited access to

information about vehicle or equipment

problems.

To ensure that NHTSA will have

access to this type of information, the

agency exercised the authority granted

in 49 U.S.C. Section 30166(e) and

promulgated 49 CFR Part 576, Record

Retention. This regulation requires

manufacturers of motor vehicles to

retain one copy of all records that

contain information concerning

malfunctions that may be related to

motor vehicle safety, for a period of five

years after the record is generated or

acquired by the manufacturer.

Estimated Annual Burden: 40,000

hours.

Number of Respondents: At least

1,000 vehicle manufacturers of all types.

Authority: 49 U.S.C. 30166, 49 U.S.C.

Chapter 327; delegations of authority at CFR

1.50 and 501.8.

Kenneth N. Weinstein,

Associate Administrator for Safety

Assurance.

[FR Doc. 98–11180 Filed 4–27–98; 8:45 am]

BILLING CODE 4910–59–P

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

[AC–16: OTS No. 1121]

Peoples Building and Loan

Association, F.A., Tell City, Indiana;

Approval of Conversion Application

Notice is hereby given that on April

16, 1998, the Director, Corporate

Activities, Office of Thrift Supervision,

or her designee, acting pursuant to

delegated authority, approved the

application of Peoples Building and

Loan Association, F.A., Tell City,

Indiana, to convert to the stock form of

organization. Copies of the application

are available for inspection at the

Dissemination Branch, Office of Thrift

Supervision, 1700 G Street, NW,

Washington, DC 20552, and the Central

Regional Office, Office of Thrift

Supervision, 200 West Madison Street,

Suite 1300, Chicago, Illinois 60606.

Dated: April 22, 1998.

By the Office of Thrift Supervision.

Nadine Y. Washington,

Corporate Secretary.

[FR Doc. 98–11160 Filed 4–27–98; 8:45 am]

BILLING CODE 6720–01–M