[Federal Register Volume 76, Number 220 (Tuesday, November 15, 2011)]
[Notices]
[Pages 70745-70746]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-29468]


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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID: FEMA-2011-0034; OMB No. 1660-0086]


Agency Information Collection Activities: Proposed Collection; 
Comment Request; National Flood Insurance Program--Mortgage Portfolio 
Protection Program

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: The Federal Emergency Management Agency, 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 revision of a currently approved 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, which is an option that 
companies participating in the National Flood Insurance Program can use 
to bring their mortgage loan portfolios into compliance with the flood 
insurance purchase requirements. To participate in the Mortgage 
Portfolio Protection Program, the company must agree to adhere to 
certain guidelines and requirements in the implementation package 
published by the Associate Administrator for Federal Insurance and 
Mitigation Administration. The Write Your Own insurance company signs 
documentation noting they agree to adhere to these requirements.

DATES: Comments must be submitted on or before January 17, 2012.

ADDRESSES: To avoid duplicate submissions to the docket, please use 
only one of the following means to submit comments:
    (1) Online. Submit comments at http://www.regulations.gov under 
Docket ID FEMA-2011-0034. Follow

[[Page 70746]]

the instructions for submitting comments.
    (2) Mail. Submit written comments to Docket Manager, Office of 
Chief Counsel, DHS/FEMA, 500 C Street SW., Room 835, Washington, DC 
20472-3100.
    (3) Facsimile. Submit comments to (703) 483-2999.
    (4) Email. Submit comments to [email protected]. Include Docket 
ID FEMA-2011-0034 in the subject line.
    All submissions received must include the agency name and Docket 
ID. Regardless of the method used for submitting comments or material, 
all submissions will be posted, without change, to the Federal 
eRulemaking Portal at http://www.regulations.gov, and will include any 
personal information you provide. Therefore, submitting this 
information makes it public. You may wish to read the Privacy Act 
notice that is available via the link in the footer of http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Susan Bernstein, Program Analyst; 
Mitigation Directorate, (202) 212-2113 for additional information. You 
may contact the Records Management Division for copies of the proposed 
collection of information at facsimile number (202) 646-3347 or email 
address: [email protected].

SUPPLEMENTARY INFORMATION: The National Flood Insurance Program (NFIP) 
is authorized in Public Law 90-448 (1968) and expanded by Public Law 
93-234 (1973), and is codified as 42 U.S.C. 4001, et sec. Public Law 
103-325 (1994) expands upon this and provides federally supported flood 
insurance for existing buildings exposed to flood risk. In accordance 
with Public Law 93-234, the purchase of flood insurance is mandatory 
when Federal or federally related financial assistance is being 
provided for acquisition or flood hazard areas of communities that are 
participating in the program.
    The Mortgage Portfolio Protection program (MPPP) is an option that 
companies participating in the NFIP can use to bring their mortgage 
loan portfolios into compliance with the flood insurance purchase 
requirements of the three public laws described above. Section 
62.23(l)(1) of Title 44 of the Code of Regulations (CFR), with 44 CFR 
Appendix A to Part 62 implements the MPPP requirements for specific 
notices and other procedures that must be adhered to. Insurance 
companies applying for or renewing their participation in the Write 
Your Own (WYO) program must indicate that they will adhere to the 
requirements of the MPPP if they are electing to voluntarily 
participate in the MPPP. Per 44 CFR 62.23(l)(2), WYO companies 
participating in the MPPP must provide a detailed implementation 
package, known as the Mortgage Portfolio Protection Program Agreement, 
to the lending companies who are requesting insurance coverage and the 
lender must acknowledge receipt.

Collection of Information

    Title: National Flood Insurance Program--Mortgage Portfolio 
Protection Program.
    Type of Information Collection: Revision of a currently approved 
information collection.
    OMB Number: 1660-0086.
    Form Titles and Numbers: None.
    Abstract: A WYO company that wishes to participate in the MPPP must 
review the information listed in the MPPP Agreement and complete the 
acknowledgement to participate in the MPPP or elect to continue under 
just the WYO guidelines. A lender wishing to obtain flood insurance 
through a MPPP participating insurance company must review the 
Financial Assistance/Subsidy Arrangement and acknowledge the terms so 
that they can properly apply for flood insurance through this program.
    Affected Public: Business or other non-profits.
    Estimated Total Annual Burden Hours: 171 hours.
    Estimated Cost: There is no annual reporting and recordkeeping cost 
associated with this collection.

Comments

    Comments may be submitted as indicated in the ADDRESSES caption 
above. 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.

Gary L. Anderson,
Acting Chief Administrative Officer, Mission Support Bureau, Federal 
Emergency Management Agency, Department of Homeland Security.
[FR Doc. 2011-29468 Filed 11-14-11; 8:45 am]
BILLING CODE 9110-11-P