Federal Register / Vol. 87, No. 109 / Tuesday, June 7, 2022 / Notices 34755 

5See 15 U.S.C. 1681c(h)(2). 

6Title X of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act transferred this 

regulation to the Consumer Financial Protection 

Bureau. The OCC retains enforcement authority for 

this regulation for institutions with $10 billion or 

less in total assets. 

• Reconcile the address of the 

consumer with the CRA if the user 

establishes a continuing relationship 

with the consumer and regularly and, in 

the ordinary course of business, 

furnishes information to the CRA.5

As required by section 114 of the 

FACT Act, appendix J to 12 CFR part 41 

contains guidelines for financial 

institutions and creditors to use in 

identifying patterns, practices, and 

specific forms of activity that may 

indicate the existence of identity theft. 

In addition, 12 CFR 41.90 requires each 

financial institution or creditor that is a 

national bank, Federal savings 

association, Federal branch or agency of 

a foreign bank, and any of their 

operating subsidiaries that are not 

functionally regulated, to establish an 

Identity Theft Prevention Program 

(Program) designed to detect, prevent, 

and mitigate identity theft in connection 

with accounts. Pursuant to § 41.91, 

credit card and debit card issuers must 

implement reasonable policies and 

procedures to assess the validity of a 

request for a change of address under 

certain circumstances. 

Section 41.90 requires each OCCregulated financial institution or 

creditor that offers or maintains one or 

more covered accounts to develop and 

implement a Program. In developing a 

Program, financial institutions and 

creditors are required to consider the 

guidelines in appendix J and include 

the suggested provisions, as appropriate. 

The initial Program must be approved 

by the institution’s board of directors or 

by an appropriate committee thereof. 

The board, an appropriate committee 

thereof, or a designated employee at the 

level of senior management must be 

involved in the oversight of the 

Program. In addition, staff members 

must be trained to carry out the 

Program. Pursuant to § 41.91, each 

credit and debit card issuer is required 

to establish and implement policies and 

procedures to assess the validity of a 

change of address request if it is 

followed by a request for an additional 

or replacement card. Before issuing the 

additional or replacement card, the card 

issuer must notify the cardholder of the 

request and provide the cardholder a 

reasonable means to report incorrect 

address changes or use another means to 

assess the validity of the change of 

address. 

As required by section 315 of the 

FACT Act, 12 CFR 1022.82 6 requires 

users of consumer reports to have in 

place reasonable policies and 

procedures that must be followed when 

a user receives a notice of address 

discrepancy from a CRA. 

Section 1022.82 requires each user of 

consumer reports to develop and 

implement reasonable policies and 

procedures designed to enable the user 

to form a reasonable belief that a 

consumer report relates to the consumer 

about whom it requested the report 

when it receives a notice of address 

discrepancy from a CRA. A user of 

consumer reports also must develop and 

implement reasonable policies and 

procedures for furnishing a customer 

address that the user has reasonably 

confirmed to be accurate to the CRA 

from which it receives a notice of 

address discrepancy when the user can: 

(1) form a reasonable belief that the 

consumer report relates to the consumer 

about whom the user has requested the 

report; (2) establish a continuing 

relationship with the consumer; and (3) 

establish that it regularly and in the 

ordinary course of business furnishes 

information to the CRA from which it 

received the notice of address 

discrepancy. 

Type of Review: Regular. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Estimated Number of Respondents: 

1,172. 

Estimated Total Annual Burden: 

130,342 hours. 

On March 29, 2022, the OCC issued 

a notice for 60 days of comment 

concerning this collection, 87 FR 18071. 

No comments were received. Comments 

continue to be invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has 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. 2022–12201 Filed 6–6–22; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Consumer Protections for Depository 

Institution Sales of Insurance 

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 respondents are not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning renewal 

of its information collection titled 

‘‘Consumer Protections for Depository 

Institution Sales of Insurance.’’ The 

OCC also is giving notice that it has sent 

the collection to OMB for review. 

DATES: Comments must be received by 

July 7, 2022. 

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, 1557– 

0220, Office of the Comptroller of the 

Currency, 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– 

0220’’ 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. 


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34756 Federal Register / Vol. 87, No. 109 / Tuesday, June 7, 2022 / Notices 

Written comments and 

recommendations for the proposed 

information collection should also be 

sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

On March 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 13040. You may 

review comments and other related 

materials that pertain to this 

information collection following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ drop-down menu. From the 

‘‘Currently under Review’’ drop-down 

menu, select ‘‘Department of Treasury’’ 

and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0220’’ or ‘‘Consumer Protections 

for Depository Institution Sales of 

Insurance.’’ 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, Clearance Officer, 

(202) 649–5490 or, for persons who are 

deaf or hearing impaired, TTY, (202) 

649–5597, Chief Counsel’s Office, Office 

of the Comptroller of the Currency, 400 

7th Street SW, Suite 3E–218, 

Washington, DC 20219. If you are deaf, 

hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

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. The OCC asks that OMB 

extend its approval of the collection in 

this notice. 

Title: Consumer Protections for 

Depository Institution Sales of 

Insurance. 

OMB Control No.: 1557–0220. 

Type of Review: Extension, without 

revision, of a currently approved 

collection. 

Description: This information 

collection is required under section 305 

of the Gramm-Leach-Bliley Act (GLB 

Act), 12 U.S.C. 1831x. Section 305 of the 

GLB Act requires the OCC, the Board of 

Governors of the Federal Reserve 

System, and the Federal Deposit 

Insurance Corporation (collectively, the 

Agencies) to prescribe joint consumer 

protection regulations that apply to 

retail sales practices, solicitations, 

advertising, and offers of any insurance 

product by a depository institution or by 

other persons performing these 

activities at an office of the institution 

or on behalf of the institution (other 

covered persons). Section 305 also 

requires those performing such 

activities to disclose certain information 

to consumers (e.g., that insurance 

products and annuities are not FDICinsured). 

This information collection requires 

national banks, Federal savings 

associations, and other covered persons 

involved in insurance sales, as defined 

in 12 CFR 14.20(f), to make two separate 

disclosures to consumers. Under 12 CFR 

14.40, a national bank, Federal savings 

association, or other covered person 

must prepare and provide orally and in 

writing: (1) certain insurance 

disclosures to consumers before the 

completion of the initial sale of an 

insurance product or annuity to a 

consumer and (2) certain credit 

disclosures at the time of application for 

the extension of credit (if insurance 

products or annuities are sold, solicited, 

advertised, or offered in connection 

with an extension of credit). The 

insurance disclosures are required in 

advertisements and promotional 

material for insurance products or 

annuities unless the advertisements and 

promotional materials are of a general 

nature describing or listing the services 

or products offered by the national bank 

or Federal savings association. 

Consumers use the disclosures to 

understand the risks associated with 

insurance products and annuities and to 

understand that they are not required to 

purchase, and may refrain from 

purchasing, certain insurance products 

or annuities in order to qualify for an 

extension of credit. 

Affected Public: Businesses or other 

for-profit. 

Frequency: On occasion. 

Estimated Burden: 

Estimated Number of Respondents: 

401. 

Total Estimated Burden Hours: 2,005. 

On March 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 13040. No comments 

were received. Comments continue to be 

solicited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the information collection 

burden; 

(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 the operation, 

maintenance, and purchase of services 

necessary to provide the required 

information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–12203 Filed 6–6–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; Real 

Estate Lending and Appraisals 

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. The OCC is 

soliciting comment concerning renewal 

of its information collection titled, ‘‘Real 

Estate Lending and Appraisals.’’ 


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