Loans in Areas Having Special Flood Hazards

Forms and Documents

Document Name	Status
1557-0202.doc Supporting Statement A	2011-07-27

IC Document Collections

IC ID	Document Title	Status
20086	Loans in Areas Having Special Flood Hazards	Modified

ICR Details

OMB Control No: 1557-0202	ICR Reference No: 201012-1557-003
Status: Historical Active	Previous ICR Reference No: 200802-1557-003
Agency/Subagency: TREAS/OCC	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: 09/09/2011
	Date Received in OIRA: 08/09/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	36 Months From Approved	09/30/2011
Responses	6,142,979	0	230,000
Time Burden (Hours)	363,012	0	58,650
Cost Burden (Dollars)	0	0	0

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Abstract: Part 22 requires notifications, disclosures, and recordkeeping in connection with certain loans located in flood hazard ares. Borrowers use the information to make valid purchase decisions. The OCC uses the records to verify compliance. In addition to providing revised estimates based upon comments received, OCC is adjusting its estimates to reflect thrift institutions. On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 124 Stat. 1376 (2010) (Dodd-Frank Act) was enacted. As part of the comprehensive package of financial regulatory reform measures enacted, Title III of the Dodd-Frank Act transfers the powers, authorities, rights and duties of the Office of Thrift Supervision to other banking agencies, including the OCC, on the "transfer date." The transfer date is July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety days after the transfer date. As a result of the Dodd-Frank Act, OCC is taking burden for the thrift institutions it now regulates.

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Authorizing Statute(s): US Code: 12 USC 4804 Name of Law: Riegle Community Development and Regulatory Improvement Act
   US Code: 42 USC 4104(a) Name of Law: Riegle Community Development and Regulatory Improvement Act
   US Code: 12 USC 4104a, 4104b Name of Law: National Flood Insurance Act of 1968
   US Code: 12 USC 4012a, 4106(b) Name of Law: Flood Disaster Protection Act of 1973
   US Code: 12 USC 1461 et seq. Name of Law: Home Owners Loan Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 312 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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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:
	76 FR 2753	01/14/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 48943	08/09/2011
Did the Agency receive public comments on this ICR? Yes

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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	6,142,979	230,000	1,178,650	0	4,734,329	0
Annual Time Burden (Hours)	363,012	58,650	69,556	0	234,806	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: The increase in burden is due to revised estimates based upon comments received and the addition of thrift institutions.

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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]? No

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

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 08/09/2011

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