[Federal Register Volume 72, Number 61 (Friday, March 30, 2007)]
[Notices]
[Pages 15142-15143]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-5910]


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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice and request for comments.

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SUMMARY: The Federal Emergency Management Agency (FEMA), 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 proposed continuing information collection. In 
accordance with the Paperwork Reduction Act of 1995, this notice seeks 
comments concerning the National Flood Insurance Program--Mortgage 
Portfolio Protection Program (MPPP) that is a mechanism used by lending 
institutions mortgage servicing companies, and others servicing 
mortgage loan portfolios to bring the mortgage loan portfolios into 
compliance with the flood insurance purchase requirements of the Flood 
Disaster Protection Act of 1973, as amended.

SUPPLEMENTARY INFORMATION: The National Flood Insurance Program (NFIP), 
authorized by the National Flood Insurance Act of 1968, Public Law 90-
448, and expanded by the Flood Disaster Protection Act of 1973, Public 
Law 93-234, as amended, provides federally backed flood insurance for 
buildings exposed to flood risk. In accordance with Public Law 93-234 
the purchase of flood insurance is mandatory when Federal and federally 
related assistance is being provided for acquisition or construction of 
buildings located or to be located within FEMA identified Special Flood 
Hazard Areas of communities which are participating in the program.

Collection of Information

    Title: National Flood Insurance Program--Mortgage Portfolio 
Protection Program (MPPP).
    Type of Information Collection: Extension, without change, of a 
currently approved collection.
    OMB Number: 1660-0086.
    Form Numbers: None.
    Abstract: The MPPP is a mechanism used by lending institutions 
mortgage servicing companies, and others servicing mortgage loan 
portfolios to bring the mortgage loan portfolios into

[[Page 15143]]

compliance with the flood insurance purchase requirements of the Flood 
Disaster Protection Act of 1973, as amended. Implementation of 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 insurance through their local 
insurance agent or appropriate Write Your Own (WYO) Company. It is 
intended that NFIP 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. The requirements 
of the MPPP are contained in 44 CFR 62.23(l)(1).
    Affected Public: Individuals and households; businesses or other 
for-profit; not-for-profit institutions; farms; Federal agencies or 
employees; and State, local or tribal governments.
    Estimated Total Annual Burden Hours: 2,386 hours.

                                               Annual Burden Hours
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                                     Number of     Frequency of    Burden hours       Annual       Total annual
    Project/activity (survey,       respondents      responses          per          responses     burden hours
form(s), focus group, worksheet, --------------------------------   respondent   -------------------------------
              etc.)                                              ----------------
                                        (A)             (B)             (C)        (D) = (A x B)   (E) = (C x D)
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WYO--Lender/Services                          22               1              .5              22              11
 Coordination...................
Lenders/Mortgagors Service                   250               1              .5             250             125
 Coordination...................
WYO Company Policy Issuance.....            6000               1             .25            6000            1500
WYO Company (New Program Entrant               1               1            *750               1             750
 Insurance Company).............
                                 -------------------------------------------------------------------------------
    Total.......................           6,273  ..............  ..............  ..............          2,386
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* The 750 burden hours per respondent is the amount of time it takes a new program entrant (insurance company)
  to prepare, train, and compile various needed information.

    Estimated Cost: $107,350.
    Comments: Written comments are solicited to (a) evaluate whether 
the proposed data collection is necessary for the proper performance of 
the agency, including whether the information shall have practical 
utility; (b) evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used; (c) enhance the 
quality, utility, and clarity of the information to be collected; and 
(d) minimize the burden of the collection of information on those who 
are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submission of responses. Comments must be submitted on or before May 
29, 2007.

ADDRESSES: Interested persons should submit written comments to Chief, 
Records Management and Privacy, Information Resources Management 
Branch, Information Technology Services Division, Federal Emergency 
Management Agency, 500 C Street, SW., Room 609, Washington, DC 20472.

FOR FURTHER INFORMATION CONTACT: Contact Edward Connor, Deputy Director 
of Insurance, Mitigation Division, Federal Emergency Management Agency, 
Department of Homeland Security, 202-646-3429, [email protected], 
for additional information. You may contact the Records Management 
Branch for copies of the proposed collection of information at 
facsimile number (202) 646-3347or email address: [email protected].

    Dated: March 26, 2007.
John A. Sharetts-Sullivan,
Chief, Records Management and Privacy, Information Resources Management 
Branch, Information Technology Services Division, Federal Emergency 
Management Agency, Department of Homeland Security.
[FR Doc. E7-5910 Filed 3-29-07; 8:45 am]
BILLING CODE 9110-12-P