[Federal Register Volume 70, Number 16 (Wednesday, January 26, 2005)]
[Notices]
[Pages 3769-3770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-1361]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Information Collection; 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. Currently, the OCC is soliciting comment concerning its 
extension, without change, of an information collection titled ``(MA) 
Loans in Areas Having Special Flood Hazards (12 CFR 22)''.

DATES: You should submit written comments by: March 28, 2005.

ADDRESSES: You should direct all written comments to the Communications 
Division, Attention: 1557-0202, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW., Washington, DC 20219. In addition, 
comments may be sent by facsimile transmission to (202) 874-4448, or by 
electronic mail to [email protected].

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb or Camille Dixon, (202) 
874-5090, Legislative and Regulatory Activities Division (1557-0202), 
Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219. You can inspect and photocopy the comments at the 
OCC's Public Reference Room, 250 E Street, SW., Washington, DC, between 
9 a.m. and 5 p.m. on business days. You can make an appointment to 
inspect the comments by calling (202) 874-5043.

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 the information collection. The 
OCC requests only that OMB renew its approval of the information 
collection. The 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. No. 103-325, title V, 108 Stat. 2160, the National Flood 
Insurance Reform Act of 1994 amendments to the National Flood Insurance 
Act of 1968 (12 U.S.C. 4104a and 4104b) and the Flood Disaster 
Protection Act of 1973 (12 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 to advise the borrower and the loan servicer 
that the property is, or is not, located in a special flood hazard 
area, if 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.
    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, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 2,300.
    Total Annual Responses: 230,000.
    Frequency of Response: On occasion.
    Total Annual Burden Hours: 58,650.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record.
    Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper

[[Page 3770]]

performance of the functions of the agency, including whether the 
information shall have practical utility;
    (b) The accuracy of the agency's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: January 18, 2005.
Stuart Feldstein,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 05-1361 Filed 1-25-05; 8:45 am]
BILLING CODE 4810-33-P