78948 Federal Register / Vol. 79, No. 250 / Wednesday, December 31, 2014 / Notices 

1Each OFA must be accompanied by the filing 

fee, which is currently set at $1,600. See 49 CFR 

1002.2(f)(25). 

2Because this is a discontinuance proceeding and 

not an abandonment, trail use/rail banking and 

public use conditions are not appropriate. Likewise, 

no environmental or historic documentation is 

required here under 49 CFR 1105.6(c) and 49 CFR 

1105.8(b), respectively. 

Provided no formal expression of 

intent to file an offer of financial 

assistance (OFA) to subsidize continued 

rail service has been received, this 

exemption will become effective on 

January 31, 2015, unless stayed pending 

reconsideration. Petitions to stay that do 

not involve environmental issues and 

formal expressions of intent to file an 

OFA to subsidize continued rail service 

under 49 CFR 1152.27(c)(2),1 must be 

filed by January 12, 2015.2 Petitions to 

reopen must be filed by January 20, 

2015, with the Surface Transportation 

Board, 395 E Street SW., Washington, 

DC 20423–0001. 

A copy of any petition filed with the 

Board should be sent to ST’s 

representative: Robert B. Burns, Pan Am 

Railways, Iron Horse Park, Billerica, MA 

01862. 

If the verified notice contains false or 

misleading information, the exemption 

is void ab initio. 

Board decisions and notices are 

available on our Web site at 

WWW.STB.DOT.GOV. 

Decided: December 19, 2014. 

By the Board, Rachel D. Campbell, 

Director, Office of Proceedings. 

Jeffrey Herzig, 

Clearance Clerk. 

[FR Doc. 2014–30610 Filed 12–30–14; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

December 23, 2014. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before January 30, 2015 to be assured 

of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at 

OIRA_Submission@OMB.EOP.gov and 

(2) Treasury PRA Clearance Officer, 

1750 Pennsylvania Ave. NW., Suite 

8141, Washington, DC 20220, or email 

at PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission(s) may be 

obtained by emailing PRA@treasury.gov, 

calling (202) 622–1295, or viewing the 

entire information collection request at 

www.reginfo.gov. 

Departmental Offices 

OMB Number: 1505–0228. 

Type of Review: Revision of a 

currently approved collection. 

Title: Small Business Lending Fund 

(SBLF) Supplemental Reports. 

Form: TD F 102.3A, TD F 102.4. 

Abstract: Once accepted into the 

SBLF program, the participating bank is 

required to submit a Supplemental 

Report each quarter. The Supplemental 

Report is used to determine the 

institution’s small business lending 

baseline and allows Treasury to assess 

the change in the small business lending 

for the previous quarter. 

Affected Public: Businesses or other 

for-profits. 

Estimated Annual Burden Hours: 

4,032. 

Brenda Simms, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–30571 Filed 12–30–14; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

December 24, 2014. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before January 30, 2015 to be assured 

of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

OMB.EOP.gov and (2) Treasury PRA 

Clearance Officer, 1750 Pennsylvania 

Ave. NW., Suite 8141, Washington, DC 

20220, or email at PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission(s) may be 

obtained by emailing PRA@treasury.gov, 

calling (202) 622–1295, or viewing the 

entire information collection request at 

www.reginfo.gov. 

Departmental Offices 

OMB Number: 1505–0152. 

Type of Review: Revision of a 

currently approved collection. 

Title: Request for Transfer of Property 

Seized/Forfeited by a Treasury Agency. 

Form: TD F 92–22.46. 

Abstract: Form TD F 92–22.46 is 

necessary for the application for receipt 

of seized assets by State and Local Law 

Enforcement agencies. 

Affected Public: State, Local, and 

Tribal Governments. 

Estimated Annual Burden Hours: 

3,500. 

Brenda Simms, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–30611 Filed 12–30–14; 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; Submission for OMB Review; 

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). 

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Federal Register / Vol. 79, No. 250 / Wednesday, December 31, 2014 / Notices 78949 

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.’’ The OCC is 

also giving notice that it has sent the 

collection to OMB for review. 

DATES: You should submit written 

comments by: January 30, 2015. 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. 

Additionally, please send a copy of 

your comments by mail to: OCC Desk 

Officer, 1557–0224, U.S. Office of 

Management and Budget, 725 17th 

Street NW., #10235, Washington, DC 

20503, or by email to: oira submission@

omb.eop.gov. 

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. 

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 

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. 

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78950 Federal Register / Vol. 79, No. 250 / Wednesday, December 31, 2014 / Notices 

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. 

On October 20, 2014, the OCC issued 

a notice for 60 days of comment 

regarding this collection. 79 FR 62710. 

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 

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; 

(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: December 22, 2014. 

Stuart E. Feldstein, 

Director, Legislative & Regulatory Activities 

Division. 

[FR Doc. 2014–30397 Filed 12–30–14; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

Prompt Payment Interest Rate; 

Contract Disputes Act 

AGENCY: Bureau of the Fiscal Service, 

Treasury. 

ACTION: Notice. 

SUMMARY: For the period beginning 

January 1, 2015, and ending on June 30, 

2015, the prompt payment interest rate 

is 21⁄8 per centum per annum. 

ADDRESSES: Comments or inquiries may 

be mailed to: E-Commerce Division, 

Bureau of the Fiscal Service, 401 14th 

Street SW., Room 306F, Washington, DC 

20227. Comments or inquiries may also 

be emailed to PromptPayment@

fiscal.treasury.gov. A copy of this notice 

is available at http://www.fms.treas.gov/ 

prompt/index.html. 

DATES: Effective January 1, 2015, to June 

30, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Thomas M. Burnum, E-Commerce 

Division, (202) 874–6430; or Thomas 

Kearns, Attorney-Advisor, Office of the 

Chief Counsel, (202) 874–7036. 

SUPPLEMENTARY INFORMATION: An agency 

that has acquired property or service 

from a business concern and has failed 

to pay for the complete delivery of 

property or service by the required 

payment date shall pay the business 

concern an interest penalty. 31 U.S.C. 

3902(a). The Contract Disputes Act of 

1978, Sec. 12, Public Law 95–563, 92 

Stat. 2389, and the Prompt Payment Act, 

31 U.S.C. 3902(a), provide for the 

calculation of interest due on claims at 

the rate established by the Secretary of 

the Treasury. 

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