[Federal Register Volume 59, Number 165 (Friday, August 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21094]


[[Page Unknown]]

[Federal Register: August 26, 1994]


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FEDERAL EMERGENCY MANAGEMENT AGENCY
 

Public Information Collection Requirements Submitted to OMB for 
Review

ACTION: Notice.

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SUMMARY: The Federal Emergency Management Agency (FEMA) has submitted 
to the Office of Management and Budget the following public information 
collection requirements for review and clearance in accordance with the 
Paperwork Reduction Act of 1980, 44 U.S.C. chapter 35.

DATES: Comments on this information collection must be submitted on or 
before October 25, 1994.

ADDRESSES: Direct comments regarding the burden estimate or any aspect 
of this information collection, including suggestions for reducing this 
burden, to: the FEMA Information Collections Clearance Officer at the 
address below; and to Donald Arbuckle, Office of Management and Budget, 
3235 New Executive Office Building, Washington, DC 20503, (202) 395-
7340, within 60 days of this notice.

FOR FURTHER INFORMATION CONTACT:
Copies of the above information collection request and supporting 
documentation can be obtained by calling or writing Muriel B. Anderson, 
FEMA Information Collections Clearance Officer, Federal Emergency 
Management Agency, 500 C Street, SW., Washington, DC 20472, (202) 646-
2624.

    Type: Extension of 3067-0229.
    Title: Mortgage Portfolio Protection Program.
    Abstract: The Mortgage Portfolio Protection Program (MPPP) is a 
mechanism by which lending institutions, mortgage servicing companies 
and others servicing mortgage loan portfolios can bring their mortgage 
loan portfolios into compliance with the flood insurance purchase 
requirements of the Flood Disaster Protection Act of 1973. 
Implementation of the various requirements of the MPPP should result in 
mortgagors, following receipt of notification of the need for flood 
insurance, showing evidence of such a policy or purchasing the 
necessary coveragee through their local insurance agent or appropriate 
Write Your Own (WYO) company. It is intended that flood insurance 
policies be written under the MPPP only as a last resort, and only on 
mortgages whose mortgagors have failed to respond to the various 
notifications required by the program.
    Type of Respondent: Individuals or households, State or local 
governments, farms, businesses or other for-profit, Federal agencies or 
employees, non-profit institutions, and small businesses or 
organizations.
    Estimate of Total Annual Reporting and Recordkeeping Burden: 4,013 
hours.
    Number of Respondents: 6,526.
    Estimated Average Burden Time per Response: An estimated 150 hours 
for WYO companies to set up an initial operation under the MPPP; an 
average of .5 hours per lender to sign an agreement with a WYO company 
to participate in the program; an average of .5 hours per WYO company 
to send notices to each mortgagor (3 notices at 10 minutes per notice); 
and an average of .5 hours for each mortgagor to respond to the notices 
and ask any questions.
    Frequency of Response: One-Time.

    Dated: August 22, 1994.
Wesley C. Moore,
Director, Office of Administrative Support.
[FR Doc. 94-21094 Filed 8-25-94; 8:45 am]
BILLING CODE 6718-01-M