🏦OCC Requests Comment on Leveraged Lending Information Collection
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Leveraged Lending
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites 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 the renewal of its information collection titled, "Leveraged Lending."
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The notice indicates a regulatory renewal regarding leveraged lending, which affects financial institutions' compliance obligations. Businesses engaging in leveraged transactions will need to respond to comments and adjust their practices accordingly. The call for public comment suggests an opportunity for businesses to influence the regulation's implementation.