Loans in Areas Having Special Flood Hazards, 12 CFR 760

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Supporting Statement_3133-0190_6.5.24 OCFP_CLEAN.docx	Supporting Statement A	Uploaded 2024-06-07	Repair queued
12CFR760 (1-1-18 ED).pdf	Supplementary Document	Uploaded 2018-11-20	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
268367	Escrow Notice - Ongoing		New
234086	Documenting private flood insurance policies		Modified
213690	Escrow Notice - One Time		Modified
213689	Purchase of Force-Placed Insurance for Borrower from Remapping		Modified
213688	Notice to Borrower and Servicer of Newly Located Property		Modified
213687	Purchase of Forced Placed Flood Insurance		Modified
213686	Notice to Borrower of Lapsed Flood Insurance		Modified
213685	Notice to FEMA of Change in Servicer		Modified
213684	Notice to FEMA of Servicer		Modified
213681	Notice of Special Flood Hazards	Other-Sample Notice	Modified
213633	Retention of FEMA Form		Modified

ICR Details

OMB Control No: 3133-0190	ICR Reference No: 202406-3133-002
Status: Active	Previous ICR Reference No: 202101-3133-004
Agency/Subagency: NCUA	Agency Tracking No: OCFP
Title: Loans in Areas Having Special Flood Hazards, 12 CFR 760
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/26/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/25/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved	09/30/2024
Responses	1,687,477	0	2,173,316
Time Burden (Hours)	101,354	0	185,213
Cost Burden (Dollars)	0	0	0

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Abstract: This collection of information is set forth in NCUA regulations at 12 CFR Part 760 and is required by the National Flood Insurance Reform Act of 1994's amendments to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 (Flood Act). 42 U.S.C. 4001 et seq. The collection of information pertains to loans secured by buildings and mobile homes located or to be located in areas determined by the Director of the Federal Emergency Management Agency (FEMA) to have special flood hazards.

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Authorizing Statute(s): US Code: 42 USC 4001 Name of Law: National Flood Insurance Act of 1968 and the 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 16035	03/06/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 51909	06/20/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 11

table that charts list of burden

IC Title	Form No.	Form Name
Documenting private flood insurance policies
Escrow Notice - One Time
Escrow Notice - Ongoing
Notice of Special Flood Hazards
Notice to Borrower and Servicer of Newly Located Property
Notice to Borrower of Lapsed Flood Insurance
Notice to FEMA of Change in Servicer
Notice to FEMA of Servicer
Purchase of Force-Placed Insurance for Borrower from Remapping
Purchase of Forced Placed Flood Insurance
Retention of FEMA Form

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ICR Summary of Burden

table that charts list 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	1,687,477	2,173,316	0	0	-485,839	0
Annual Time Burden (Hours)	101,354	185,213	0	0	-83,859	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 number of respondents decreased from 4,164 to 3,229. The number of respondents for the one-time escrow notice also decreased as this activity applies only to new credit unions granting real estate loans. These adjustments resulted in a decrease of 83,859 (185,213-101,354) in annual burden hours.

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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? No

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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: 06/25/2024

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