Federal Register: June 15, 2006 (Volume 71, Number 115)

DOCID: FR Doc 06-5376

EXPORT-IMPORT BANK

Export-Import Bank

DOCUMENT ID: [Public Notice 88]

NOTICE: NOTICES

DOCUMENT ACTION: Notice and request for comments.

SUBJECT CATEGORY:

Agency Information Collection Activities: Submission for OMB Review; Comment Request

DATES: Written comments should be received on or before July 17, 2006 to be assured of consideration.

DOCUMENT SUMMARY:

The Export-Import Bank, as a part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995. Our customers will be able to submit this form on paper or electronically. The form has been updated in the following ways:

  • The application now accommodates requests for Finance Lease Guarantee coverage. Information on Lessees and Lessors is requested in those circumstances.
  • The application accommodates requests for Foreign Dealer Insurance policies. A separate onepage attachment (Attachment IV) is required when the applicant requests this coverage.
  • The format has been changed so that it accords with the online version of the form which will be made available later in 2006. Formatting changes include:
    The names of the applicant and broker have been moved up to the first item.
    Section 1 has been relabeled ``General Questions'' instead of ``Financing Type Requested''.
    Requests for Special Coverages have been moved up in front of the Participants section.
  • Information about a new participant, the agent, is now requested. Gathering this information helps ExIm Bank evaluate the creditworthiness of the transaction.
  • Legal certifications have been updated.

    Additional changes since we published the form in the Federal Register on April 7, 2006:

  • Section 8 D. ``Commitment Fee/Facility Fee Agreement (Guarantees and Credit Guarantee Facilities only)'' has been added. This section was omitted in error from the previous submission but is currently asked on the existing version of the mediumterm application form currently approved by OMB and posted on ExIm Bank's Web site. It does not represent a new question for customers.
  • Attachment VI, Form of Fee letter has been added. This attachment provides a template fee letter that needs to be filled out and signed by the borrower in the following circumstances:
    The application is for a guarantee or a credit guarantee facility; The applicant is the guaranteed lender or the exporter, and The applicant is signing the application but the borrower is committing to pay the commitment or facility fee.

    This is not a new letter but a more clear presentation of an existing requirement.

    SUMMARY:

    Agency information collection activities; proposals, submissions, and approvals,

    SUPPLEMENTAL INFORMATION

    [[Page 34617]]

    Title and Form Number: Application for Mediumterm Insurance or Guarantee, EIB0302.

    OMB Number: 30480014.

    Type of Review: Regular.

    Need and Use: The information requested enables the applicant to provide ExIm Bank with the information necessary to obtain legislatively required assurance of repayment and fulfills other statutory requirements.

    Affected Public: The form affects entities involved in the export of U.S. goods and services.

    Estimated Annual Respondents: 800.

    Estimated Time per Respondent: 1.5 hours.

    Estimated Annual Burden: 1200 hours.

    Frequency of Reporting or Use: As needed, each time an applicant seeks mediumterm insurance or guarantee.

    Dated: June 8, 2006.
    Solomon Bush,
    Agency Clearance Officer.
    [FR Doc. 065376 Filed 61406; 8:45 am]
    BILLING CODE 669001M

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