Loans in Areas Having Special Flood Hazards

Forms and Documents

Document	Type	Status	Availability
1550.0088FRN.03.21.08.mht	Supplementary Document	Uploaded 2008-07-03	Source copy available
1550.0088.Response.toTerms of Clearance.doc	Supplementary Document	Uploaded 2008-07-03	Available
1550.0088 Supporting Statement.2.doc	Supporting Statement A	Uploaded 2008-07-03	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
19944	Loans in Areas Having Special Flood Hazards		Modified

ICR Details

OMB Control No: 1550-0088	ICR Reference No: 200807-1550-001
Status: Historical Active	Previous ICR Reference No: 200505-1550-001
Agency/Subagency: TREAS/OTS	Agency Tracking No:
Title: Loans in Areas Having Special Flood Hazards
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/08/2008
	Date Received in OIRA: 09/05/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2011	36 Months From Approved	10/31/2008
Responses	214,660	0	202,860
Time Burden (Hours)	54,497	0	51,597
Cost Burden (Dollars)	0	0	0

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Abstract: Lending Institutions are required by statute and OTS regulations to use the standard flood hazard determination form developed by FEMA when determining whether property securing the loan is or will be located in a special flood hazard and are required to retain a copy of the completed form.

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Authorizing Statute(s): US Code: 42 USC 4012(a) and 4016(b) Name of Law: Flood Disaster Protection Act of 1973
   US Code: 42 USC 4104(a) and 4104(b) Name of Law: National Flood Insurance Act of 1968
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 120	06/20/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 173	09/05/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Loans in Areas Having Special Flood Hazards

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	214,660	202,860	0	0	11,800	0
Annual Time Burden (Hours)	54,497	51,597	0	0	2,900	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: OTS is citing an increase in the burden due to an increase in the number of responses.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 09/05/2008

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