🏦OCC Notice on Community Reinvestment Act Information Collection Renewal
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Community Reinvestment Act Qualifying Activities Confirmation Request Form
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, "Community Reinvestment Act Qualifying Activities Confirmation Request Form." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The text outlines a regulatory notice regarding the Community Reinvestment Act's information collection renewal, which includes a confirmation process for qualifying activities. This has compliance implications for banking institutions and impacts how businesses ascertain their activities qualify under the CRA, necessitating adherence to new regulatory requirements.