Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H

Forms and Documents

Document Name	Status
RegH2_201108_signed_83-c.pdf Justification for No Material/Nonsubstantive Change	2011-09-14

IC Document Collections

IC ID	Document Title	Status
36316	Retention of standard FEMA form (Section 208.25(f)(2))	Modified
184841	Notices to FEMA of change in servicer (Section 208.25(j)(2))	Modified
184840	Notices to FEMA of servicer (Section 208.25(j)(1))	Modified
184839	Notice of special flood hazards and availability of federal disaster relief assistance (Section 208.25(i))	Modified

ICR Details

OMB Control No: 7100-0280	ICR Reference No: 201108-7100-002
Status: Historical Active	Previous ICR Reference No: 200808-7100-008
Agency/Subagency: FRS	Agency Tracking No: Reg H-2
Title: Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/14/2011
	Date Received in OIRA: 09/14/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2011	11/30/2011	11/30/2011
Responses	519,120	0	776,986
Time Burden (Hours)	28,840	0	43,298
Cost Burden (Dollars)	0	0	0

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Abstract: The disclosure and recordkeeping requirements under this section of Regulation H are imposed on state member banks to implement requirements of the National Flood Insurance Act of 1968 (as amended) and the Flood Disaster Protection Act of 1973 (as amended). The regulation forbids banks to make or renew loans secured by real estate located in a flood hazard unless it is insured against flooding.

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Authorizing Statute(s): US Code: 42 USC 4012a and 4104a Name of Law: National Flood Insurance Reform Act
  

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 49205	08/20/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 63983	10/28/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Notices to FEMA of servicer (Section 208.25(j)(1))
Notice of special flood hazards and availability of federal disaster relief assistance (Section 208.25(i))
Retention of standard FEMA form (Section 208.25(f)(2))
Notices to FEMA of change in servicer (Section 208.25(j)(2))

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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	519,120	776,986	0	0	-257,866	0
Annual Time Burden (Hours)	28,840	43,298	0	0	-14,458	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 decrease in total annual burden hours is attributed to an update to the respondent count and an update to the recordkeeping and disclosure requirement's annual frequency estimates.

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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]? No

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: 09/14/2011

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