FDIC rubber-stamps more banking paperwork renewals
Published Date: 9/8/2026
Notice
Summary
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0140; -0176). The notices of proposed renewal for these information collections were previously published in the Federal Register on July 2, 2026, allowing for a 60-day comment period. No comments were received.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Reverse Mortgage Recordkeeping and Disclosures
Banks and savings associations that make reverse mortgages must keep required records and provide certain disclosures to consumers, including required acknowledgments. The estimated annual burden for these Reverse Mortgage Products collections is 344 hours across respondents (5 respondents for implementation recordkeeping at 40 hours each and 18 respondents for ongoing recordkeeping at 8 hours each) under 12 CFR 365.
Required Insurance Disclosures to Consumers
If you buy insurance products or annuities from an insured State nonmember bank or savings association, the seller must give you a disclosure that the product is not FDIC-insured and must get your acknowledgement. The disclosure must be provided before the completion of the initial sale and, if sold in connection with credit, at the time of the credit application (per 12 CFR part 343).
Compliance Burden for Insured State Banks
The FDIC is renewing two information collections that continue compliance and recordkeeping duties for insured State nonmember banks and savings associations that sell insurance or make reverse mortgages (OMB No. 3064-0140 and 3064-0176). The Insurance Sales Consumer Protections collection lists 934 respondents with a total annual burden of 4,670 hours (5:00 hours average per response); the Reverse Mortgage Products collections list a total annual burden of 344 hours.
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Previous / Next Documents
Previous: 2026-18257, Sunshine Act Meetings
Next: 2026-18259, Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Supervisory Guidance: Supervisory Review Process of Capital Adequacy (Pillar 2) Related to the Implementation of the Basel II Advanced Capital Framework
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, "Supervisory Guidance: Supervisory Review Process of Capital Adequacy (Pillar 2) Related to the Implementation of the Basel II Advanced Capital Framework." The OCC is also giving notice that it has sent the collection to OMB for review.