Federal Register / Vol. 89, No. 235 / Friday, December 6, 2024 / Notices 97169 

need for an LLR Award? Why or why 

not? What, if any, additional 

information should be collected to 

assess the need and use of an LLR 

Award request? 

5. Is the maximum award size for 

Technical Assistance Awards of 

$150,000 appropriate to support eligible 

Technical Assistance activities? If not, 

what maximum award size would be 

appropriate and why? 

6. Is the data collected in the track 

record and projections tables adequate 

and appropriate to assess an Applicant’s 

experience in small dollar lending and 

projections? Why or why not? 

7. The period of performance for 

SDLP awards is three years. Is three 

years sufficient to expend the award to 

launch or expand a small dollar loan 

program? If it’s not sufficient, what 

period would be more appropriate and 

why? 

8. Is there other information not 

requested (such as additional detail on 

other unsecured consumer loans below 

$10,000) in the Application that would 

demonstrate an Applicant’s experience 

in small dollar lending and projected 

small dollar lending activities? If yes, 

what is that information? 

9. The Application includes questions 

about the intended impact of an 

Applicant’s small dollar lending 

strategy. (1) How should the CDFI Fund 

assess the impact of SDL Program 

Awards on communities served by 

Applicants? (2) The CDFI Fund has 

identified a set of impact options for 

Applicants to choose in the Application. 

Are the current impact choices 

sufficient? Why or why not? Are there 

impacts that should be added or 

modified and if yes, what are they? 

10. The SDL Program Application 

states that the Awards will not be made 

to Applicants that engage in the 

Prohibited Practices listed in Table 1. 

Are the Prohibited Practices appropriate 

to prevent predatory or abusive lending 

practices that low-income borrowers 

often face? Why are why not? Are there 

any Prohibited Practices that should be 

added, eliminated, or clarified? What 

are they? 

TABLE 1—SDL PROGRAM PROHIBITED PRACTICES

Prohibited practice Prohibited practice definition 

i. High-Rate loans ..................................................................... Loans that exceed the lower of the following two rates: (1) an all-inclusive 36% 

APR (using the methodology prescribed in 32 CFR 232.4 of the Military Lending Act (referred to as the Military Annual Percentage Rate [MAPR]; or (2) the 

interest rate limit as set by the state agency that oversees financial institutions 

in your state. 

ii. Coerced automated repayments .......................................... Loans that: (1) have delayed loan disbursements for borrowers who do not agree 

to automatic repayments, (2) charge fees for borrowers who select manual 

payments, or (3) require borrowers to make payments using wire transfers or 

other means that may result in additional fees for borrowers. 

iii. Excessive refinancing .......................................................... Loans that allow refinancing before at least 80% of the principal has been repaid. 

iv. Loan insurance or credit card add-ons ............................... Loans that offer add-on insurance or credit card products, whether they are automatic or not, that require borrowers to opt-in or opt-out to decline coverage or 

require the borrower to accept or opt-out of a credit card. For example, loans 

that automatically include insurance products such as credit, life, disability insurance or involuntary unemployment insurance coverage, or loans that automatically open a credit card for the borrower. 

v. Security interests in household goods, vehicles, or deposit 

accounts. Exception: loans with a savings account component or credit builder loans.

Loans that are secured, except for loans secured by a savings account for loans 

with a savings component or credit builder loans. 

vi. Excessive late fees on missed loan payments ................... Loans that charge more than one fee per late payment. 

vii. Abusive overdraft practices ................................................ Lenders who hold the account from which repayment is being made may not collect a loan payment from the borrower’s account that overdraws the account, 

triggering overdraft fees. 

viii. Aggressive debt collection practices ................................. Loans in which the lender: 

• Does not offer a workout program or other accommodations to help struggling 

borrowers before pursuing other debt collection avenues. 

• All debt collection activities must comply with the Fair Debt Collection Practices 

Act, whether conducted by the lender, a contract debt collector or sold to third 

party debt collectors. 

• Does not disclose to borrowers the details of its debt collection practices or 

provide notice to a borrower when its account is placed with debt collectors. 

ix. Forced arbitration clause, class action ban, and other 

bans on legal remedies.

Loan contracts that contain clauses that prevent borrowers from seeking legal 

remedies in court, such as mandatory arbitration clauses, or clauses requiring 

that the borrower waive the right to a trial by jury or the right to participate in a 

class action lawsuit. 

Authority: (Pub. L. 111–203. 12 U.S.C. 

4719, 12 CFR part 1805, 12 CFR part 

1815, 12 U.S.C. 4502) 

Pravina Raghavan, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2024–28521 Filed 12–5–24; 8:45 am] 

BILLING CODE 4810–05–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

on Burden Related to Advanced 

Pricing Agreements 

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 public and other Federal 

agencies to take this opportunity to 

comment on proposed and/or 

continuing information collections, as 

required by the Paperwork Reduction 


lotter on DSK11XQN23PROD with NOTICES1
97170 Federal Register / Vol. 89, No. 235 / Friday, December 6, 2024 / Notices 

Act of 1995. Currently, the IRS is 

soliciting comments concerning the 

burden for requesting and obtaining 

advance pricing agreements. 

DATES: Written comments should be 

received on or before February 4, 2025 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andre ́s Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Please include, ‘‘OMB Number: 1545– 

1503—Public Comment Request Notice’’ 

in the Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Ronald J. Durbala, 

at (202) 317–5746, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Advance Pricing and Mutual 

Agreement Program. 

OMB Number: 1545–1503. 

Document Number: Rev. Proc. 2015– 

41. 

Abstract: The purpose of section 482 

is to ensure that taxpayers clearly reflect 

income attributable to controlled 

transactions and to prevent the 

avoidance of taxes with respect to such 

transactions. Revenue Procedure 2015– 

41 provides guidance on the process of 

requesting and obtaining advance 

pricing agreements from the Advance 

Pricing and Mutual Agreement program 

(‘‘APMA’’). This revenue procedure also 

provides guidance on administration of 

an executed advance pricing agreement 

(APA). 

Current Actions: There are no changes 

being made to the forms at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, individuals, or 

households. 

Estimated Number of Respondents: 

390. 

Estimated Time per Respondent: 27 

hrs., 57 min. 

Estimated Total Annual Burden 

Hours: 10,900. 

The following paragraph applies to all 

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 if 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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) 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 using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: December 3, 2024. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2024–28578 Filed 12–5–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Electronic Tax Administration 

Advisory Committee; Request for 

Nominations 

AGENCY: Internal Revenue Service, 

Department of Treasury. 

ACTION: Request for nominations and 

applications. 

SUMMARY: The Internal Revenue Service 

(IRS) is requesting applications from 

individuals with experience in such 

areas as state tax administration, 

cybersecurity and information security, 

tax software development, tax 

preparation, payroll and tax financial 

product processing, systems 

management and improvement, 

implementation of customer service 

initiatives, public administration, and 

consumer advocacy to be considered for 

selection as members of the Electronic 

Tax Administration Advisory 

Committee (ETAAC). 

DATES: Written nominations and 

applications must be received on or 

before Jan. 31, 2025. 

ADDRESSES: Applications may be 

submitted via fax to 855–811–8020 or 

via email to PublicLiaison@irs.gov. 

Applications and additional information 

are available on the IRS website at 

https://www.irs.gov/etaac. Applications 

may also be requested by telephone 

from National Public Liaison, 202–317– 

4299. 

FOR FURTHER INFORMATION CONTACT: Alec 

Johnston at (202) 317–4299, or send an 

email to publicliaison@irs.gov. 

SUPPLEMENTARY INFORMATION: The IRS 

strongly encourages representatives 

from consumer groups with an interest 

in tax issues to apply. 

Nominations should describe and 

document the proposed member’s 

qualifications for ETAAC membership, 

including the applicant’s knowledge of 

regulations and the applicant’s past or 

current affiliations and involvement 

with the particular tax segment or 

segments of the community that the 

applicant wishes to represent on the 

committee. Applications will be 

accepted for current vacancies from 

qualified individuals and from 

professional and public interest groups 

that wish to have representation on 

ETAAC. Submissions must include an 

application and resume. 

ETAAC provides continuing input 

into the development and 

implementation of the IRS 

organizational strategy for electronic tax 

administration. The ETAAC provides an 

organized public forum for discussion of 

electronic tax administration issues— 

such as prevention of identity theftrelated refund fraud—in support of the 

overriding goal that paperless filing 

should be the preferred and most 

convenient method of filing tax and 

information returns. ETAAC members 

work closely with the Security Summit, 

a joint effort of the IRS, state tax 

administrators and the nation’s tax 

industry, to fight identity theft and 

refund fraud. ETAAC members convey 

the public’s perceptions of IRS 

electronic tax administration activities, 

offer constructive observations about 

current or proposed policies, programs 

and procedures, and suggest 

improvements. 

This is a volunteer position. Members 

will serve three-year terms on the 

ETAAC to allow for a rotation in 

membership and ensure different 

perspectives are represented. Travel 


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