60-day FRN

60-day FRN Pub 5-5-10.pdf

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

60-day FRN

OMB: 1660-0086

Document [pdf]
Download: pdf | pdf
24726

Federal Register / Vol. 75, No. 86 / Wednesday, May 5, 2010 / Notices
ESTIMATED ANNUALIZED BURDEN HOURS AND COSTS—Continued
Number of
respondents

Total annual
burden
(in hours)

Avg. hourly
wage rate

704

1.2

845

50.22

42,436

........................

5,632

....................

6,758

....................

339,437

........................

32,856

....................

45,060

....................

1,393,021

Form name/
form number

Engineer .........

Application
Form for
Single
Residential
Lot or
Structure
Amendments to
National
Flood Insurance
Program
Maps
(Spanish)/
FEMA
Form 086–
0–22A.

704

1

Subtotal ...

.....................

5,632

Total .........

.....................

18,775

Estimated Cost: There are no start-up,
capital, operational, or maintenance
costs for 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.

sroberts on DSKD5P82C1PROD with NOTICES

Avg. burden
per
response
(in hours)

Number of
responses per
respondent

Type of
respondent

Dated: April 29, 2010.
Samuel C. Smith,
Acting Director, Records Management
Division, Mission Support Bureau, Federal
Emergency Management Agency, Department
of Homeland Security.
[FR Doc. 2010–10528 Filed 5–4–10; 8:45 am]
BILLING CODE 9110–12–P

VerDate Mar<15>2010

19:02 May 04, 2010

Jkt 220001

Total number
of responses

DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
[Docket ID: FEMA–2010–0015]

Agency Information Collection
Activities: Proposed Collection;
Comment Request, 1660–0086;
National Flood Insurance Program—
Mortgage Portfolio Protection Program
(MPPP)
AGENCY: Federal Emergency
Management Agency, DHS.
ACTION: Notice; 60-day notice and
request for comments; revision of a
currently approved information
collection; OMB No. 1660–0086; No
Form.
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
Mortgage Portfolio Protection Program,
which assists the mortgage lending and
servicing industries bring their mortgage
portfolios into compliance with Federal
flood insurance requirements.
DATES: Comments must be submitted on
or before July 6, 2010.

PO 00000

Frm 00159

Fmt 4703

Sfmt 4703

Total annual
respondent
cost

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–2010–0015. Follow
the instructions for submitting
comments.
(2) Mail. Submit written comments to
Office of Chief Counsel, Regulation and
Policy Team, DHS/FEMA, 500 C Street,
SW., Room 835, Washington, DC 20472–
3100.
(3) Facsimile. Submit comments to
(703) 483–2999.
(4) E-mail. Submit comments to
FEMA–[email protected]. Include
Docket ID FEMA–2010–0015 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 Notice link in the footer of http://
www.regulations.gov.
FOR FURTHER INFORMATION CONTACT:
Contact Susan Bernstein, Program
Analyst, FEMA Mitigation Division,
(202) 212–2113 for additional
information. You may contact the
Records Management Division for
copies of the proposed collection of

E:\FR\FM\05MYN1.SGM

05MYN1

24727

Federal Register / Vol. 75, No. 86 / Wednesday, May 5, 2010 / Notices
information at facsimile number (202)
646–3347 or e-mail address: [email protected].
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 seq. 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 of 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

SUPPLEMENTARY INFORMATION:

Mortgage Portfolio Protection Program
Agreement and complete the
acknowledgement either agreeing to
participate in the MPPP or electing to
continue under just the WYO
guidelines. This acknowledgment is
used to determine which WYO
Companies will be writing insurance
under the Mortgage Portfolio Protection
Program and which ones choose only to
sell flood insurance through the regular
WYO Program. A lender wishing to
obtain flood insurance through an MPPP
participating insurance company must
review the Financial Assistance/
Subsidy Arrangement and acknowledge
the terms by signing the notice of
acceptance provided with the
Arrangement. This acceptance is used to
verify that the lender understands the
terms of the agreement so that they can
properly apply for flood insurance.
Affected Public: Business or other forprofit.
Estimated Total Annual Burden
Hours: 170.5 Hours.

public laws described previously. Title
44 CFR 62.23(l)(1), with 44 CFR
Appendix A to Part 62 implements the
MPPP requirements for specific notices
and other procedures that must be
adhered to. Title 44 CFR 62.23(l)(2)
indicates that Write-Your-Own (WYO)
Companies participating in the MPPP
must provide a detailed implementation
package, known as the Mortgage
Portfolio Protection Program Agreement,
to any lending institutions that are
requesting insurance coverage and the
lender must acknowledge receipt.
Collection of Information
Title: National Flood Insurance
Program—Mortgage Portfolio Protection
Program (MPPP).
Type of Information Collection:
Revision of a currently approved
information collection.
OMB Number: 1660–0086.
Form Titles and Numbers: No Form.
Abstract: A WYO Company that
wishes to participate in the MPPP must
review the information listed in the

TABLE A.12—ESTIMATED ANNUALIZED BURDEN HOURS AND COSTS
Type of
respondent

Form name/form
No.

Business
or
other
forprofit.

Mortgage Portfolio Protection
Program
Agreement Notice of Acceptance (Formerly
Lender/Mortgagor Service
Coordination)
New Entrant/
No Form.
Financial Assistance/Subsidy
Arrangement
Receipt for
Materials/No
Form.

Business
or
other
forprofit.

Number of
respondents

sroberts on DSKD5P82C1PROD with NOTICES

Total annual
burden
(in hours)

Avg. hourly
wage rate

Total annual
respondent
cost

91

.5

45.5

$40.68

$1,851

250

1

250

.5

125

43.75

5,434

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;

Jkt 220001

Avg. burden
per response
(in hours)

1

Comments

19:02 May 04, 2010

Total number
of responses

91

Estimated Cost: There are no
recordkeeping, capital, start-up or
maintenance costs associated with this
information collection.

VerDate Mar<15>2010

Number of
responses per
respondent

(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.

PO 00000

Frm 00160

Fmt 4703

Sfmt 9990

Dated: April 28, 2010.
Samuel C. Smith,
Acting Director, Records Management
Division, Mission Support Bureau, Federal
Emergency Management Agency, Department
of Homeland Security.
[FR Doc. 2010–10527 Filed 5–4–10; 8:45 am]
BILLING CODE 9110–11–P

E:\FR\FM\05MYN1.SGM

05MYN1


File Typeapplication/pdf
File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2010-05-05
File Created2010-05-05

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