Published Thirty-day Federal Register Notice (FRN) for 1660-0086

30d FRN 6.11.07 A. Flynt.pdf

National Flood Insurance Program - Mortgage Portfolio Protection Program (MPPP)

Published Thirty-day Federal Register Notice (FRN) for 1660-0086

OMB: 1660-0086

Document [pdf]
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[Page 31594-315951
"on the Federal Register Online via GPO Access [wais.access.gpo.gov]
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DEPARTMENT OF HOMELAND SECURITY
Federal Emergency Management Agency

Agency Information Collection Activities: Submission for OMB
Review; Comment Request
AGENCY: Federal Emergency Management Agency, DHS.
ACTION: Notice and request for comments

SUMMARY: The Federal Emergency Management Agency (FE-MA)has submitted
the following information collection to the Office of Management and
Budget (OMB) for review and clearance in accordance with the
requirements of the Paperwork Reduction Act of 1995. The submission
describes the nature of the information collection, the categories of
respondents, the estimated burden (i.e., the time, effort and resources
used by respondents to respond) and cost, and includes the actual data
collection instruments FEMA will use.
Title: National Flood Insurance Program--Mortgage Portfolio
Protection Program (MPPP).
OMB Number: 1660-0086.
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 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 aqent or appropriate Write Your Own (WYO) Company. It is
intended that NFIP policies be written under the MPPP only as a last
resorc, and only on mortgages whose mortgagors have failed to respond
to the various notification
[[Page 3159511
required by the Program. The requirements of the MPPP are contained in
4 4 CFR 62.23 (1)(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.
Number of Respondents: 6,273.
Estimated Time per Respondent: WYO--0.5 minutes; Lender/Services-0.5 minutes; WYO Company Policy--0.25 hours; New WYO Entrant--750
hours.
Estimated Total Annual Burden Hours: 2,386.
Frequency of Response: Once.

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t_? ~ 2 3 n . i : i,<:-ic2erl csr;uiI;.r:s
on rhe ?reposed information collecCion to ;he Cffice c; inforaa~ian2nd
Reguiatory Affairs, Office 0-f Ma~riagement and Budget, Attention: Nathan
Lesser, Desk Officer, Department of Homeland Security/FEMA, and sent
via electronic mail to oira [email protected]~or faxed to (202)
395-6974. Comments musr be submitted on or before July 9, 2007.
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FOR FURTHER INFORMATION CONTACT: Requests for adcitional information or
copies of the information collection should be made to Chief, Records
Management, FEMA, 500 C Street, SW., Room 609, Washington, DC 20472,
facsimile number (202) 646-3347, or e-mail address
[email protected].

Dated: May 25, 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. E7-10941 Filed 6-6-07; 8:45 am]
BILLING CODE 9110-12-P


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File Modified2007-06-11
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