Loans in Areas Having Special Flood Hazards

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FINALJustification_Flood_0143 11-6-13.docx	Supporting Statement A	Uploaded 2014-05-30	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
32782	Retention of Standard Flood Hazard Determination (SFHD) Form		Modified
211759	One-Time Escrow Notice		New
211758	Execution of Additional Disclosures - Purchase of Force - Placed Insurance for Borrower from Remapping		New
211757	Execution of Additional Disclosures - Notice to Borrower and Servicer of Newly Located Property		New
211756	Execution of Additional Disclosures - Purchase of Force - Placed Flood Insurance for Borrower		New
211755	Execution of Additional Disclosures - Notice to Borrower of Lapsed Flood Insuranc		New
211754	Execution of Additional Disclosures - Notice to FEMA of Change in Servicer		New
209015	Execution of Additional Disclosures - Notice to FEMA of Servicer		Modified
209013	Execution of Additional Disclosures - Notice of Special Flood Hazards		Modified

ICR Details

OMB Control No: 3133-0143	ICR Reference No: 201405-3133-001
Status: Historical Inactive	Previous ICR Reference No: 201310-3133-014
Agency/Subagency: NCUA	Agency Tracking No:
Title: Loans in Areas Having Special Flood Hazards
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 07/15/2014
	Date Received in OIRA: 05/30/2014
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2014	36 Months From Approved	07/31/2014
Responses	1,494,127	0	1,494,127
Time Burden (Hours)	127,927	0	127,927
Cost Burden (Dollars)	0	0	0

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Abstract: Federally insured credit unions are required by statute and by 12 CFR Part 760 to make disclosures and keep records. Borrowers use the information to make valid purchase decisions. The NCUA uses the records to verify compliance.

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Authorizing Statute(s): US Code: 42 USC 4001-4129 Name of Law: Flood Disaster Protection Act of 1973
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AE18	Proposed rulemaking	78 FR 65108	10/30/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 9

table that charts list of burden

IC Title	Form No.	Form Name
Retention of Standard Flood Hazard Determination (SFHD) Form
Execution of Additional Disclosures - Notice of Special Flood Hazards
Execution of Additional Disclosures - Notice to FEMA of Servicer
Execution of Additional Disclosures - Notice to FEMA of Change in Servicer
Execution of Additional Disclosures - Notice to Borrower of Lapsed Flood Insuranc
Execution of Additional Disclosures - Purchase of Force - Placed Flood Insurance for Borrower
Execution of Additional Disclosures - Notice to Borrower and Servicer of Newly Located Property
Execution of Additional Disclosures - Purchase of Force - Placed Insurance for Borrower from Remapping
One-Time Escrow Notice

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The program requirements have not changed, except for the addition of the escrow notice as required by the Biggert-Waters Act. Due to this addition, the burden increased by an estimated 8,240 hours. Also, based on the most recent calculations, the number of credit unions has increased. In addition, NCUA has aligned its burden hour estimates with those of the Agencies based on the NCUA's and the Agencies' experience with the collections of information under their respective flood insurance regulations. Therefore, NCUA has revised the total estimated burden hours for each recordkeeping and disclosure requirement and the new escrow notice. The increase in the burden hours is due to the new escrow notice and an increase in the number of credit unions.

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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: 05/30/2014

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