Flood Insurance

Forms and Documents

Document Name	Status
Form N\A Flood Insurance Form and Instruction	Removed
FR2-0120 Flood Insurance 82 FR 45285 September 28 2018.pdf Supplementary Document	2017-09-28
FR1-0120 Flood Insurance 82 FR 31325 July 6 2017.pdf Supplementary Document	2017-09-19
SPST-0120 Flood Insurance 2017 Extension.doc Supporting Statement A	2017-09-19

IC Document Collections

IC ID	Document Title	Status
31910	Flood Insurance Form and Instruction	Removed
228388	Recordkeeping (Notifications)	New
228387	Report to FEMA of a Change in Servicer	New
228386	Disclosure to Servicer	New
228385	Disclosure to the Borrower	New

ICR Details

OMB Control No: 3064-0120	ICR Reference No: 201702-3064-015
Status: Historical Active	Previous ICR Reference No: 201406-3064-001
Agency/Subagency: FDIC	Agency Tracking No:
Title: Flood Insurance
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: 11/25/2017
	Date Received in OIRA: 09/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	36 Months From Approved	11/30/2017
Responses	446,160	0	150,314
Time Burden (Hours)	111,541	0	138,893
Cost Burden (Dollars)	3,512,395	0	0

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Abstract: Each supervised lending institution is required to provide a notice of special flood hazards to a borrower acquiring a loan secured by a building on real property located in an area identified by FEMA as subject to special flood hazards, and various other notices to borrowers, servicers and FEMA.. The Riegle Community Development Act requires that each institution also provide a copy of the notice to the servicer of the loan (if different from the originating lender).

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Authorizing Statute(s): US Code: 12 USC 1462a Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1463 Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1464 Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1819 (Tenth) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 5412(b)(2)(C) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 42 USC Chapter 50 Name of Law: National Flood Insurance 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:
	82 FR 31325	07/06/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 45285	09/28/2017
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
Flood Insurance	N\A	Sample Notice of Special Flood Hazards and Availability of Federal Disaster Relief
Disclosure to the Borrower
Disclosure to Servicer
Report to FEMA of a Change in Servicer
Recordkeeping (Notifications)

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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	446,160	150,314	0	0	295,846	0
Annual Time Burden (Hours)	111,541	138,893	0	0	-27,352	0
Annual Cost Burden (Dollars)	3,512,395	0	0	0	3,512,395	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:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 09/28/2017

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