62710 Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 

career appointees. Composition of the 

specific PRBs will be determined on an 

ad hoc basis from among the individuals 

listed in this notice. 

The names and titles of the PRB 

members are as follows: 

Paul Ahern, Deputy Assistant General 

Counsel (Enforcement & Intelligence); 

Priya R. Aiyar, Deputy General Counsel; 

Trisha Anderson, Assistant General 

Counsel (Enforcement & Intelligence); 

Peter A. Bieger, Assistant General 

Counsel (Banking and Finance); 

George Bostick, Benefits Tax Counsel; 

Himamauli Das, Assistant General 

Counsel (International Affairs); 

Margaret Depue, Chief Counsel, Bureau 

of the Fiscal Service; 

Eric Froman, Deputy Assistant General 

Counsel (Financial Stability Oversight 

Council); 

Anthony Gledhill, Chief Counsel, 

Alcohol Tobacco, Tax, and Trade 

Bureau; 

Roberto J. Gonzalez, Deputy General 

Counsel; 

Rochelle F. Granat, Assistant General 

Counsel (General Law, Ethics and 

Regulation); 

Carlton Greene, Chief Counsel, 

Financial Crimes Enforcement 

Network; 

Elizabeth Horton, Deputy Assistant 

General Counsel (Ethics); 

Mark Kaizen, Associate Chief Counsel 

(General Legal Services), Internal 

Revenue Service; 

Jeffrey Klein, Deputy Assistant General 

Counsel (International Affairs); 

Steven D. Laughton, Deputy Assistant 

General Counsel (Banking and 

Finance); 

Robert Neis, Deputy Benefits Tax 

Counsel; 

Sidney Rocke, Chief Counsel, Bureau of 

Engraving and Printing; 

Danielle Rolfes, International Tax 

Counsel; 

Bradley Smith, Chief Counsel, Office of 

Foreign Assets Control; 

Brian Sonfield, Deputy Assistant 

General Counsel (General Law and 

Regulation); 

Tom Thomas, Division Counsel (Small 

Business/Self Employed), Internal 

Revenue Service; 

Thomas West, Deputy Tax Legislative 

Counsel; 

Paul Wolfteich, Deputy Chief Counsel, 

Bureau of the Fiscal Service and; 

Lisa Zarlenga, Tax Legislative Counsel. 

Dated: October 10, 2014. 

Roberto J. Gonzalez, 

Deputy General Counsel. 

[FR Doc. 2014–24928 Filed 10–17–14; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Requirements: Information Collection 

Renewal; Comment Request; Debt 

Cancellation Contracts and Debt 

Suspension Agreements 

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. 

Currently, the OCC is soliciting 

comment concerning its renewal of an 

information collection titled ‘‘Debt 

Cancellation Contracts and Debt 

Suspension Agreements.’’ 

DATES: You should submit written 

comments by: December 19, 2014. 

Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0224, 400 7th Street SW., Suite 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

electronic mail to regs.comments@

occ.treas.gov. You may personally 

inspect and photocopy comments at the 

OCC, 400 7th Street SW., Washington, 

DC 20219. For security reasons, the OCC 

requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 649–6700. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

enclose any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Johnny Vilela or Mary H. Gottlieb, OCC 

Clearance Officers, (202) 649–5490, for 

persons who are deaf or hard of hearing, 

TTY, (202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Suite 3E–218, Mail Stop 

9W–11, Washington, DC 20219. 

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. Section 3506(c)(2)(A) of 

the PRA (44 U.S.C. 3506(c)(2)(A)) 

requires Federal agencies to provide a 

60-day notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of an existing collection of 

information, before submitting the 

collection to OMB for approval. To 

comply with this requirement, the OCC 

is publishing notice of the proposed 

collection of information set forth in 

this document. 

The OCC is proposing to extend OMB 

approval of the following information 

collection: 

Title: Debt Cancellation Contracts and 

Debt Suspension Agreements. 

OMB Control No.: 1557–0224. 

Description: This submission covers 

an existing regulation, 12 CFR 37, and 

involves no change to the regulation or 

the information collection. The OCC 

requests that OMB approve its revised 

estimates and renew its approval of the 

information collection. The estimates 

have been revised to reflect the current 

number of national banks. 

Twelve U.S.C. 24(Seventh) authorizes 

national banks to enter into Debt 

Cancellation Contracts (DCCs) and Debt 

Suspension Agreements (DSAs). Part 37 

requires national banks and Federal 

branches and agencies of foreign banks 

(banks) to disclose information about a 

DCC or a DSA using either a short or 

long form disclosure. The short form 

disclosure usually is made orally and 

issued at the time the bank firsts solicits 

the purchase of a contract. The long 

form disclosure usually is made in 

writing and issued before the customer 

completes the purchase of the contract. 

There are special rules for transactions 

by telephone, solicitations using written 

mail inserts or ‘‘take one’’ applications, 

and electronic transactions. Part 37 

provides two forms of disclosure that 

serve as models for satisfying the 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 62711 

requirements of the rule. Use of the 

forms is not mandatory, however, and a 

bank may adjust the form and wording 

of its disclosures so long as it meets the 

requirements of the regulation. The 

requirements of part 37 enhance 

consumer protections for customers 

who purchase DCCs and DSAs from 

banks and ensure that banks offer these 

products in a safe and sound manner by 

requiring them to effectively manage 

their risk exposure. 

Section 37.6 

Section 37.6 requires the form of the 

disclosures to be readily understandable 

and meaningful. The content of the 

short and long form may vary, 

depending on whether a bank elects to 

provide a summary of the conditions 

and exclusions in the long form 

disclosures or refer the customer to the 

pertinent paragraphs in the contract. For 

example, the short form disclosure 

requires a bank to instruct the customer 

to read carefully both the long form 

disclosures and the contract for a full 

explanation of the contract terms, while 

the long form gives a bank the option of 

either summarizing the limitations or 

advising the customer that a complete 

explanation of the eligibility 

requirements, conditions, and 

exclusions is available in the contract 

and identifying the paragraphs where a 

customer may find that information. 

Section 37.6 and Appendices A and B 

to part 37 require a bank to provide the 

following disclosures (summarized 

below), as appropriate: 

• Optional (anti-tying)—A bank must 

inform the customer that purchase of 

the product is optional and neither its 

decision whether to approve the loan 

nor the terms and conditions of the loan 

are conditioned on the purchase of a 

DCC or DSA (short and long form). 

• Explanation of debt suspension 

agreement—A bank must disclose that if 

a customer activates the agreement, the 

customer’s duty to pay the loan 

principal and interest is only suspended 

and the customer must fully repay the 

loan after the period of suspension has 

expired (long form). 

• Amount of the fee—A bank must 

make disclosures regarding the amount 

of the fee. The content of the disclosure 

depends on whether the credit is openend or closed-end. In the case of closedend credit, the bank must disclose the 

total fee. In the case of open-end credit, 

the bank must either disclose that the 

periodic fee is based on the account 

balance multiplied by a unit cost and 

provide the unit cost or disclose the 

formula used to compute the fee (long 

form). 

• Lump sum payment of fee—A bank 

must disclose, where appropriate, that a 

customer has the option to pay the fee 

in a single payment or in periodic 

payments. This disclosure is not 

appropriate in the case of a DCC or DSA 

provided in connection with a home 

mortgage loan because the option to pay 

the fee in a single payment is not 

available in that case. Banks must also 

disclose that adding the fee to the 

amount borrowed will increase the cost 

of the contract (short and long form). 

• Lump sum payment of fee with no 

refund—A bank must disclose that the 

customer has the option to choose a 

contract with or without a refund 

provision. This disclosure also states 

that prices of refund and no-refund 

products are likely to differ (short and 

long form). 

• Refund of fee paid in lump sum— 

If a bank permits a customer to pay the 

fee in a single payment and to add the 

fee to the amount borrowed, the bank 

must disclose its cancellation policy. 

The disclosure informs the customer of 

the bank’s refund policy, as applicable, 

i.e., that the DCC or DSA may be: (i) 

canceled at any time for a refund; (ii) 

cancelled within a specified number of 

days for a full refund; or (iii) cancelled 

at any time with no refund (short and 

long form). 

• Whether use of credit line is 

restricted—A bank must inform a 

customer if the customer’s activation of 

the contract would prohibit the 

customer from incurring additional 

charges or using the credit line (long 

form). 

• Termination of a DCC or DSA— If 

termination is permitted during the life 

of the loan, a bank must explain the 

circumstances under which a customer 

or the bank may terminate the contract 

(long form). 

• Additional disclosures—A bank 

must inform consumers that it will 

provide additional information before 

the customer is required to pay for the 

product (short form). 

• Eligibility requirements, conditions, 

and exclusions—A bank must describe 

any material limitations relating to the 

DCC or DSA (short and long form). 

Section 37.7 

Section 37.7 requires a bank to obtain 

a customer’s written affirmative election 

to purchase a contract and written 

acknowledgment of receipt of the 

disclosures required by § 37.6. The 

section further provides that the 

election and acknowledgment must be 

conspicuous, simple, direct, readily 

understandable, and designed to call 

attention to their significance. Pursuant 

to § 37.7(b), if the sale of the contract 

occurs by telephone, the customer’s 

affirmative election to purchase and 

acknowledgment of receipt of the 

required short form may be made orally, 

provided the bank: (i) maintains 

sufficient documentation to show that 

the customer received the short form 

disclosures and then affirmatively 

elected to purchase the contract; (ii) 

mails the affirmative written election 

and written acknowledgment, together 

with the long form disclosures required 

by § 37.6, to the customer within 3 

business days after the telephone 

solicitation and maintains sufficient 

documentation to show it made 

reasonable efforts to obtain the 

documents from the customer; and (iii) 

permits the customer to cancel the 

purchase of the contract without penalty 

within 30 days after the bank has mailed 

the long form disclosures to the 

customer. 

Pursuant to § 37.7(c), if the DCC or 

DSA is solicited through written 

materials such as mail inserts or ‘‘take 

one’’ applications and the bank provides 

only the short form disclosures in the 

written materials, then the bank shall 

mail the acknowledgment, together with 

the long form disclosures, to the 

customer. The bank may not obligate the 

customer to pay for the contract until 

after the bank has received the 

customer’s written acknowledgment of 

receipt of disclosures, unless the bank 

takes certain steps, maintains certain 

documentation, and permits the 

customer to cancel the purchase within 

30 days after mailing the long form 

disclosures to the customer. Section 

37.6(d) permits the affirmative election 

and acknowledgment to be made 

electronically. 

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

Number of Respondents: 1,219. 

Total Annual Responses: 1,219. 

Frequency of Response: On occasion. 

Total Annual Burden Hours: 29,256 

hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

shall have 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; 


tkelley on DSK3SPTVN1PROD with NOTICES
62712 Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 

(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. 

Dated: October 10, 2014. 

Stuart E. Feldstein, 

Director, Legislative & Regulatory Activities 

Division. 

[FR Doc. 2014–24798 Filed 10–17–14; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0209] 

Proposed Information Collection 

(Application for Work-Study 

Allowance) Activity: Comment Request 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: The Veterans Benefits 

Administration (VBA), Department of 

Veterans Affairs (VA), is announcing an 

opportunity for public comment on the 

proposed collection of certain 

information by the agency. Under the 

Paperwork Reduction Act (PRA) of 

1995, Federal agencies are required to 

publish notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

revision of currently approved 

collection, and allow 60 days for public 

comment in response to the notice. This 

notice solicits comments for information 

needed to determine a claimant’s 

eligibility for work-study benefits. 

DATES: Written comments and 

recommendations on the proposed 

collection of information should be 

received on or before December 19, 

2014. 

ADDRESSES: Submit written comments 

on the collection of information through 

the Federal Docket Management System 

(FDMS) at www.Regulations.gov or to 

Nancy J. Kessinger, Veterans Benefits 

Administration (20M35), Department of 

Veterans Affairs, 810 Vermont Avenue 

NW., Washington, DC 20420 or email to 

nancy.kessinger@va.gov. Please refer to 

‘‘OMB Control No. 2900–0209’’ in any 

correspondence. During the comment 

period, comments may be viewed online 

through FDMS. 

FOR FURTHER INFORMATION CONTACT: 

Nancy J. Kessinger at (202) 632–8924 or 

FAX (202) 632–8925. 

SUPPLEMENTARY INFORMATION: Under the 

PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 

3501–3521), Federal agencies must 

obtain approval from the Office of 

Management and Budget (OMB) for each 

collection of information they conduct 

or sponsor. This request for comment is 

being made pursuant to Section 

3506(c)(2)(A) of the PRA. 

With respect to the following 

collection of information, VBA invites 

comments on: (1) Whether the proposed 

collection of information is necessary 

for the proper performance of VBA’s 

functions, including whether the 

information will have practical utility; 

(2) the accuracy of VBA’s estimate of the 

burden of the proposed collection of 

information; (3) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; and (4) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

the use of other forms of information 

technology. 

Titles: 

a. Application for Work-Study 

Allowance, VA Form 22–8691. 

b. Student Work-Study Agreement 

(Advance Payment), VA Form 22–8692. 

c. Extended Student Work-Study 

Agreement, VA Form 22–8692a. 

d. Work-Study Agreement, VA Form 

22–8692b. 

OMB Control Number: 2900–0209. 

Type of Review: Revision of a 

currently approved collection. 

Abstracts: 

a. VA Form 22–8691 is used by 

claimants to apply for work-study 

benefits. 

b. VA Form 22–8692 is used to 

request an advance payment of workstudy allowance. 

c. VA Form 22–8692a is used by a 

claimant to extend his or her workstudy contract. 

d. VA Form 22–8692b is used by 

claimants who do not want a workstudy advanced allowance payment. 

The data collected is used to 

determine an applicant’s eligibility for 

work-study allowance and the amount 

payable. 

Affected Public: Individuals or 

households. 

Estimated Annual Burden: 

a. VA Form 22–8691—5,008 hours. 

b. VA Form 22–8692 & VA Form 22– 

8692b—1,296 hours. 

c. VA Form 22–8692a—153 hours. 

Estimated Average Burden per 

Respondent: 

a. VA Form 22–8691—15 minutes. 

b. VA Form 22–8692—5 minutes. 

c. VA Form 22–8692a—3 minutes. 

d. VA Form 22–8692b—5 minutes. 

Frequency of Response: Annually. 

Estimated Number of Respondents: 

a. VA Form 22–8691—20,032. 

b. VA Form 22–8692 & VA Form 22– 

8692a—15,549. 

c. VA Form 22–8692b—3,054. 

Dated: October 15, 2014. 

By direction of the Secretary. 

Crystal Rennie, 

VA Department Clearance Officer, 

Department of Veterans Affairs. 

[FR Doc. 2014–24853 Filed 10–17–14; 8:45 am] 

BILLING CODE 8320–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Advisory Committee on Prosthetics 

and Special-Disabilities Programs; 

Notice of Meeting 

The Department of Veterans Affairs 

(VA) gives notice under the Federal 

Advisory Committee Act, 5 U.S.C. App. 

2, that a meeting and site visit of the 

Federal Advisory Committee on 

Prosthetics and Special-Disabilities 

Programs will be held on November 4– 

5, 2014, in Room 2K–113–115 at the 

Hunter Holmes McGuire VA Medical 

Center, 1201 Broad Rock Boulevard, 

Richmond, VA 23249. The meeting will 

convene at 8:30 a.m. on both days, and 

will adjourn at 4:30 p.m. on November 

4 and at 12 noon on November 5. 

Meetings are open to the public except 

when the Committee is touring medical 

facilities. The site visit will include 

several closed sessions, to protect 

patient privacy during tours of medical 

facilities. Closing portions of the 

sessions are in accordance with 5 U.S.C. 

552b(c)(6). 

The purpose of the Committee is to 

advise the Secretary of Veterans Affairs 

on VA’s prosthetics programs designed 

to provide state-of-the-art prosthetics 

and the associated rehabilitation 

research, development, and evaluation 

of such technology. The Committee also 

provides advice to the Secretary on 

special-disabilities programs, which are 

defined as any program administered by 

the Secretary to serve Veterans with 

spinal cord injuries, blindness or visual 

impairments, loss of extremities or loss 

of function, deafness or hearing 

impairment, and other serious 

incapacities in terms of daily life 

functions. 

On November 4, the Committee will 

convene an open session on VA’s 

Polytrauma System of Care from 8:30– 

11:30 a.m. The Committee will convene 

closed sessions from 11:30 a.m.–4:30 

p.m. as they tour the Polytrauma Center, 

Regional Amputee Center, Assistive 

Technology Lab, and Spinal Cord Injury 


tkelley on DSK3SPTVN1PROD with NOTICES