📊Notice on Information Collection Renewal for Lending Limits
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits
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, "Lending Limits." 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 notice involves a request for comments on a renewal of information collection related to lending limits, which affects businesses seeking credit from national banks or savings associations. This regulatory requirement impacts compliance and may influence lending practices, thereby affecting financial decisions and operations within impacted businesses.