🚚FMCSA Notice on Leasing Regulations for Motor Carriers
Agency Information Collection Activities; Renewal of an Approved Information Collection: Lease and Interchange of Vehicles
Summary
In accordance with the Paperwork Reduction Act of 1995, FMCSA announces its plan to submit the Information Collection Request (ICR) described below to the Office of Management and Budget (OMB) for its review and approval and invites public comment. FMCSA requests approval to renew an ICR titled, "Lease and Interchange of Vehicles." This ICR will enable FMCSA to document the burden associated with the for-hire truck leasing regulations and passenger carrier regulations. These regulations require certain for-hire property carriers and certain for- hire and private passenger carriers to have a formal lease when leasing equipment from other motor carriers.
Agencies
- Transportation Department
- Federal Motor Carrier Safety Administration
Business Impact
$$ - Med
The text outlines compliance requirements for for-hire truck leasing regulations and passenger carrier regulations, which are necessary for business operations in the transportation sector. Businesses must ensure formal lease agreements are in place, impacting their operational and financial obligations.