Section 19 of the Federal Deposit
Insurance Act requires insured depository institutions to obtain
the FDIC's consent prior to any participation in their affairs by a
person convicted of crimes involving dishonesty or breach of trust.
Form 6710/07 is the vehicle for requesting FDIC consent, and has
been reformatted and rearranged to make it easier to read and
understand. The burden is expected to remain the same at 16
hours.
US Code:
12
USC 1829 Name of Law: Federal Deposit Insurance Act
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.