Loans in Areas Having Special Flood Hazards

Forms and Documents

Document Name	Status
2015 Supporting Statement0143Final.docx Supporting Statement A	2015-07-23

IC Document Collections

IC ID	Document Title	Status
32782	Collection of Standard Flood Hazard Determination (SFHD) Form	Removed
217642	IC 8. Purchase of Force-Placed Flood Insurance for Borrower from Remapping (760.7 & 760.9)	New
217641	IC 7. Notice to Borrower and Servicer of Remapping (760.7 & 760.9)	New
217640	IC 6. Purchase of Force-Placed Flood Insurance (760.7)	New
217639	IC 5. Notice of Borrower of Lapsed Mandated Flood Insurance (760.7)	New
217637	IC 4. Notice of FEMA of Change in Servicer (760.10)	New
217636	IC 3. Notice to FEMA of Change in Servicer (760.10)	New
217635	IC 2. Notice of Special Flood Hazards to Borrower and Servicer (760.9 and Appendix)	New
217633	IC 1. Retention of Standard Flood Hazard Determination Form (760.6)	New
209015	Maintain Required Recordkeeping of SFHD Form in Loan File	Removed
209013	Execution of Additional Notices	Removed

ICR Details

OMB Control No: 3133-0143	ICR Reference No: 201506-3133-001
Status: Historical Active	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: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/14/2015
	Date Received in OIRA: 07/24/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved	07/31/2014
Responses	1,721,664	0	1,494,127
Time Burden (Hours)	102,144	0	127,927
Cost Burden (Dollars)	4,445,764	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
   PL: Pub.L. 103 - 325 108 Stat. 2255 Name of Law: National Flood Insurance Reform Act of 1994
  

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:
	79 FR 48912	08/12/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 30499	05/28/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 8

IC Title	Form No.	Form Name
Collection of Standard Flood Hazard Determination (SFHD) Form
Execution of Additional Notices
IC 1. Retention of Standard Flood Hazard Determination Form (760.6)
IC 2. Notice of Special Flood Hazards to Borrower and Servicer (760.9 and Appendix)
Maintain Required Recordkeeping of SFHD Form in Loan File
IC 3. Notice to FEMA of Change in Servicer (760.10)
IC 4. Notice of FEMA of Change in Servicer (760.10)
IC 5. Notice of Borrower of Lapsed Mandated Flood Insurance (760.7)
IC 6. Purchase of Force-Placed Flood Insurance (760.7)
IC 7. Notice to Borrower and Servicer of Remapping (760.7 & 760.9)
IC 8. Purchase of Force-Placed Flood Insurance for Borrower from Remapping (760.7 & 760.9)

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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	1,721,664	1,494,127	0	227,537	0	0
Annual Time Burden (Hours)	102,144	127,927	0	-25,783	0	0
Annual Cost Burden (Dollars)	4,445,764	0	0	4,445,764	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: There have been no changes to the program requirements, however, the burden hours have changed due to changes in the number of applicable 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: 07/24/2015

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