[Federal Register Volume 67, Number 37 (Monday, February 25, 2002)]
[Notices]
[Pages 8577-8578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-4342]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


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

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number. 
The OCC is soliciting comment concerning its information collection 
titled, ``(MA)-Loans in Areas Having Special Flood Hazards (12 CFR 
22).'' The OCC also gives notice that it has sent the information 
collection to OMB for review and approval.

DATES: You should submit your comments to the OCC and the OMB Desk 
Officer by March 27, 2002.

ADDRESSES: You should direct comments to:
    Communications Division, Office of the Comptroller of the Currency, 
Public Information Room, Mailstop 1-5, Attention: 1557-0202, 250 E 
Street, SW, Washington, DC 20219. Due to recent, temporary disruptions 
in the OCC's mail service, commenters are encouraged to submit comments 
by fax or e-mail. Comments may be sent by fax to (202) 874-4448, or by 
e-mail to [email protected]. You can inspect and photocopy 
the comments at the OCC's Public Information Room, 250 E Street, SW., 
Washington, DC 20219. You can make an appointment to inspect the 
comments by calling (202) 874-5043.
    Alexander T. Hunt, OMB Desk Officer for the OCC, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Jessie Dunaway, OCC Clearance Officer, 
or Camille Dixon, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: (MA)-Loans in Areas Having Special Flood Hazards (12 CFR 
22).
    OMB Number: 1557-0202.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection. 
The OCC requests only that OMB extend its approval of the information 
collection. This regulation requires national banks to make disclosures 
and keep records regarding whether a property securing a loan is 
located in a special flood hazard area.
    This information collection is required by section 303(a) and title 
V of the Riegle Community Development and Regulatory Improvement Act, 
Pub. L. 103-325, title V, 108 Stat. 2160, the National Flood Insurance 
Reform Act of 1994 amendments to the National Flood Insurance Act of 
1968 (42 U.S.C. 4104a and 4104b), the Flood Disaster Protection Act of 
1973 (42 U.S.C. 4012a and 4106(b)), and by OCC regulations implementing 
those statutes. The information collection requirements are contained 
in 12 CFR part 22.
    Section 22.6 requires a national bank to use and maintain a copy of 
the Standard Flood Hazard Determination Form developed by the Federal 
Emergency Management Agency (FEMA).
    Section 22.7 requires a national bank or its loan servicer, if a 
borrower has not obtained flood insurance, to notify the borrower to 
obtain adequate flood insurance coverage or the bank or servicer will 
purchase flood insurance on the borrower's behalf.
    Section 22.9 requires a national bank making a loan secured by a 
building or a mobile home located in a special flood hazard area to 
advise the borrower and the loan servicer whether the property located 
in a special flood hazard area, whether flood insurance on the property 
securing the loan is required, whether flood insurance is available 
under the National Flood Insurance Program, and if Federal disaster 
relief may be available in the event of flooding. The bank must 
maintain a record of the borrower and loan servicer's receipts of these 
notices.

[[Page 8578]]

    Section 22.10 requires a national bank making a loan secured by a 
building or a mobile home located in a special flood hazard area to 
notify FEMA of the identity of the servicer, and of any change in 
servicers.
    These information collection requirements ensure bank compliance 
with applicable Federal law, further bank safety and soundness, provide 
protections for banks and the public, and further public policy 
interests.
    Type of Review: Extension of OMB approval.
    Affected Public: Businesses or other for-profit (national banks).
    Estimated Number of Respondents: 2,300.
    Estimated Total Annual Responses: 230,000.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 58,650 hours.

    Dated: February 15, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-4342 Filed 2-22-02; 8:45 am]
BILLING CODE 4810-33-P