80 FR 30499 - Agency Information Collection Activities: Submission to the Office of Management and Budget for Review; Reinstatement of a Previously Approved Collection; Comment Request; Loans in Areas Having Special Flood Hazards
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 80, Issue 102 (May 28, 2015)
Federal Register Volume 80, Issue 102 (May 28, 2015)
| Page Range | 30499-30501 | |
| FR Document | 2015-12821 |
[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)] [Notices] [Pages 30499-30501] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-12821] ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to the Office of Management and Budget for Review; Reinstatement of a Previously Approved Collection; Comment Request; Loans in Areas Having Special Flood Hazards AGENCY: National Credit Union Administration (NCUA). ACTION: Request for Comment. ----------------------------------------------------------------------- SUMMARY: National Credit Union Administration is announcing that a proposed collection of information has been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 30 days of public comment. This information collection is published to obtain comments from the public. The information collection relates to the requirements under the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 (Flood Acts),\1\ as amended by the National Flood Insurance Reform Act of 1994.\2\ NCUA has implemented these flood insurance requirements in its regulations. Under the Flood Acts and the regulations, federally insured credit unions must follow recordkeeping and disclosure provisions regarding certain loans that require flood insurance. --------------------------------------------------------------------------- \1\ These statutes are codified at 42 U.S.C. 4001-4129. \2\ Title V of the Riegle Community Development and Regulatory Improvement Act of 1994, also known as the National Flood Insurance Reform Act of 1994, comprehensively amended the Federal flood insurance statutes. See Public Law 103-325, 108 Stat. 2255 (1994). --------------------------------------------------------------------------- DATES: Comments will be accepted until June 29, 2015. ADDRESSES: Interested persons are invited to submit comments to: (i) Desk Officer for the National Credit Union Administration, 3133-0143, U.S. Office of Management and Budget, 725 17th Street NW., #10102, Washington, DC 20503, [email protected]; and (ii) Jessica Khouri, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428, Fax No. 703-837-2861, [email protected]. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Jessica Khouri by mail at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314- 3428, by fax at Fax No. 703-837-2861, or by email at [email protected]. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NCUA is reinstating a previously approved collection of information for 3133-0143 (12 CFR part 760, Loans in Areas Having Special Flood Hazards). The Flood Acts made the purchase of flood insurance mandatory in connection with loans made by [[Page 30500]] regulated lending institutions (such as credit unions) when the loans are secured by improved real estate or mobile homes located in a special flood hazard area in a participating community. NCUA, along with other financial institution regulators, issued regulations governing the lending institutions they supervise. Therefore, under part 760 of NCUA's regulations, a federally insured credit union shall not make, increase, extend, or renew any designated loan unless the building or mobile home and any personal property securing the loan is covered by flood insurance for the term of the loan. A designated loan means a loan secured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Flood Acts. The credit union must also provide certain disclosures to borrowers and abide by recordkeeping requirements. Specifically, a federally insured credit union is required to:Retain a completed copy of the Standard Flood Hazard Determination Form developed by the Federal Emergency Management Agency (FEMA). This form is used by lenders, such as credit unions, to document their determination of whether a building or mobile home offered as collateral security for a loan is or will be located in a special flood hazard area in which flood insurance is available. Notify a borrower and the servicer when a building or mobile home offered as collateral security for a loan is determined to be in a special flood hazard area and notify them whether flood insurance is available. Notify a borrower and the servicer if the secured property becomes newly located in a special flood hazard area due to remapping of flood hazard areas by FEMA, which would obligate the borrower to obtain flood insurance. In addition, the credit union or its servicer must purchase flood insurance on the borrower's behalf if the borrower, after notification, fails to obtain mandated flood insurance due to remapping, and charge the borrower for the cost. Notify a borrower whose mandated flood insurance policy has expired or if the policy covers an amount less than the required amount, of the borrower's obligation to obtain a flood insurance policy for the required amount. If the borrower fails to obtain a flood insurance policy for the required amount following this notification, the credit union or its servicer must purchase flood insurance on the borrower's behalf and charge the borrower for the cost. Notify FEMA of the identity of, and any change in, the servicer of a loan secured by a building or mobile home located or to be located in a special flood hazard area. On August 12, 2013, NCUA published a notice in the Federal Register (78 FR 48912) requesting public comments for 60 days on the reinstatement of 3133-0143, a previously approved information collection for 12 CFR part 760 (Loans in Areas Having Special Flood Hazards). NCUA received no comments. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. NCUA requests that you send your comments on this collection to the locations listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as the use of automated collection techniques or other forms of information technology. It is NCUA's policy to make all comments available to the public for review. II. Data Title: Loans in Areas Having Special Flood Hazards, 12 CFR part 760. OMB Number: 3133-0143. Form Number: None. Type of Review: Reinstatement of a previously approved collection. Description: Federally insured credit unions are required by the Flood Acts and 12 CFR part 760 to make certain disclosures and maintain compliance records related to flood insurance. Borrowers use the disclosed information to make valid purchase decisions. NCUA uses the maintained records to verify compliance with the Flood Acts and part 760. Respondents: Federally insured credit unions granting real estate loans. Estimated No. of Respondents: 4,032 credit unions. Frequency of Response: Annually. Estimated Total Annual Burden Hours: 102,144. Estimated Total Annual Cost: $4.43 million. The following are the specific underlying ICRs that comprise the total: ICR related to required recordkeeping of the Standard Flood Hazard Determination Form. Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 270. Estimated Time per Response: 2.5 minutes (\1/24\ hour) per loan. Estimated Annual Burden: 45,360 recordkeeping hours. ICRs related to disclosures: 1. Notice of Special Flood Hazards to Borrower and Servicer Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 54. Estimated Time per Response: 5 minutes (\1/12\ hour) to execute this notice. Estimated Annual Burden: 18,144 reporting hours. 2. Notice to FEMA of Servicer Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 54. Estimated Time per Response: 5 minutes (\1/12\ hour) to execute this notice. Estimated Annual Burden: 18,144 reporting hours. 3. Notice to FEMA of Change in Servicer Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 27. Estimated Time per Response: 5 minutes (\1/12\ hour) to execute this notice. Estimated Annual Burden: 9,072 reporting hours. 4. Notice to Borrower of Lapsed Mandated Flood Insurance Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 11. Estimated Time per Response: 5 minutes (\1/12\ hour) to execute this notice. Estimated Annual Burden: 3,696 reporting hours. 5. Purchase of Force-Placed Flood Insurance Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 3. Estimated Time per Response: 15 minutes (\1/4\ hour) to execute this notice. Estimated Annual Burden: 3,024 reporting hours. 6. Notice to Borrower and Servicer of Remapping Respondents: 4,032 credit unions. [[Page 30501]] Estimated Annual Frequency of Response: 5. Estimated Time per Response: 5 minutes (\1/12\ hour) to execute this notice. Estimated Annual Burden: 1,680 reporting hours. 7. Purchase of Force-Placed Flood Insurance for Borrower from Remapping Respondents: 4,032 credit unions. Estimated Annual Frequency of Response: 3. Estimated Time per Response: 15 minutes (\1/4\ hour) to execute this notice. Estimated Annual Burden: 3,024 reporting hours. Therefore, NCUA estimates that the total burden hours for this collection of information is: 45,360 recordkeeping hours. 56,784 disclosure hours. 102,144 total burden hours. By the National Credit Union Administration Board on May 21, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015-12821 Filed 5-27-15; 8:45 am] BILLING CODE 7535-01-P
![Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 30499
also when either its SSA or NCUA utility, and clarity of the information to SUMMARY: National Credit Union
assigns such a rating. Prior definitions be collected; and (d) ways we could Administration is announcing that a
of troubled credit unions did not minimize the burden of the collection of proposed collection of information has
include FISCUs rated a code 4 or 5 only the information on the respondents such been submitted to the Office of
by NCUA. as through the use of automated Management and Budget (OMB) for
The FCU Act requires notice from the collection techniques or other forms of review and clearance under the
insured credit union to include certain information technology. It is NCUA’s Paperwork Reduction Act of 1995 (Pub.
personal information about the policy to make all comments available L. 104–13, 44 U.S.C. Chapter 35). The
individual to determine the individual’s to the public for review. purpose of this notice is to allow for 30
fitness for the position. NCUA days of public comment.
regulation at 12 CFR 701.14 implements II. Data
This information collection is
Section 212. Section 701.14 requires Title: Notice of Change of Officials published to obtain comments from the
that within 10 calendar days of and Senior Executive Officers Forms. public. The information collection
receiving the notice, the Regional OMB Number: 3133–0121. relates to the requirements under the
Director must inform the credit union Form Number: NCUA Form 4063 and National Flood Insurance Act of 1968
either that the notice is complete or that NCUA Form 4063a. and the Flood Disaster Protection Act of
additional specified information is Type of Review: Reinstatement, with 1973 (Flood Acts),1 as amended by the
required to be submitted within 30 change, of a previously approved National Flood Insurance Reform Act of
calendar days. Additionally, this section collection. 1994.2 NCUA has implemented these
requires the Regional Director or Description: To comply with statutory
flood insurance requirements in its
Director of Office of National requirements, NCUA must obtain
regulations. Under the Flood Acts and
Examinations and Supervision to issue sufficient information from new officials
the regulations, federally insured credit
a written decision of approval or or senior executive officers of newly
unions must follow recordkeeping and
disapproval to the individual and the chartered or troubled credit unions to
disclosure provisions regarding certain
credit union within 30 calendar days of determine the individual’s fitness for
loans that require flood insurance.
receipt of the notice. Otherwise, the the positon. This is established by the
Financial Institutions Reform, Recovery, DATES: Comments will be accepted until
individual is approved. NCUA’s June 29, 2015.
regulation at 12 CFR 741.205 requires and Enforcement Act of 1989. These
forms standardize the information ADDRESSES: Interested persons are
federally insured state-chartered credit
unions to follow section 701.14. gathered to evaluate the individual’s invited to submit comments to:
NCUA’s regulations at 12 CFR part fitness for the position. (i) Desk Officer for the National Credit
747 (subpart J) sets forth the rights an Respondents: Credit unions defined Union Administration, 3133–0143, U.S.
individual or a credit union may as newly chartered or in troubled Office of Management and Budget, 725
exercise and procedures to be followed condition and individuals applying for 17th Street NW., #10102, Washington,
in responding to a notice of disapproval senior executive officer or official DC 20503, oirasubmissions@
by NCUA. positions within a credit union defined omb.eop.gov; and
NCUA’s forms 4063 and 4063a as newly chartered or in troubled (ii) Jessica Khouri, National Credit
provide a uniform method for credit condition. Union Administration, 1775 Duke
unions and individuals to submit Estimated Number of Respondents/ Street, Alexandria, VA 22314–3428, Fax
information to NCUA regarding changes Record keepers: 424. No. 703–837–2861, OCIOPRA@
to officials and senior executive officers. Estimated Burden Hours per NCUA.GOV.
NCUA uses the information to Response: 1–2 hours. FOR FURTHER INFORMATION CONTACT:
determine an individual’s fitness for the Frequency of Response: On occasion. Requests for additional information, a
position. Estimated Total Annual Burden
copy of the information collection
In the Federal Register of January 22, Hours: 1,907 hours.
Estimated Total Annual Cost: request, or a copy of submitted
2015 (80 FR 3255), NCUA published a comments should be directed to Jessica
60-day notice requesting public $34,948.
Khouri by mail at the National Credit
comment on the proposed collection of By the National Credit Union Union Administration, 1775 Duke
information. NCUA received no Administration Board on May 21, 2015.
Street, Alexandria, VA 22314–3428, by
comments. Gerard Poliquin, fax at Fax No. 703–837–2861, or by
An agency may not conduct or Secretary of the Board. email at OCIOPRA@NCUA.GOV.
sponsor, and a person is not required to [FR Doc. 2015–12814 Filed 5–27–15; 8:45 am] SUPPLEMENTARY INFORMATION:
respond to, a collection of information BILLING CODE 7535–01–P
unless it displays a currently valid OMB I. Abstract and Request for Comments
control number. NCUA is reinstating a previously
NCUA requests that you send your NATIONAL CREDIT UNION approved collection of information for
comments on the information collection ADMINISTRATION 3133–0143 (12 CFR part 760, Loans in
requirements outlined by 12 CFR 701.14 Areas Having Special Flood Hazards).
to the locations listed in the addresses Agency Information Collection
The Flood Acts made the purchase of
section. Your comments should address: Activities: Submission to the Office of
flood insurance mandatory in
(a) The necessity of the information Management and Budget for Review;
asabaliauskas on DSK5VPTVN1PROD with NOTICES
connection with loans made by
collection for the proper performance of Reinstatement of a Previously
NCUA, including whether the Approved Collection; Comment 1 These statutes are codified at 42 U.S.C. 4001–
information will have practical utility; Request; Loans in Areas Having 4129.
(b) the accuracy of our estimate of the Special Flood Hazards 2 Title V of the Riegle Community Development
burden (hours and cost) of the collection and Regulatory Improvement Act of 1994, also
AGENCY: National Credit Union known as the National Flood Insurance Reform Act
of information, including the validity of Administration (NCUA). of 1994, comprehensively amended the Federal
the methodology and assumptions used; flood insurance statutes. See Public Law 103–325,
ACTION: Request for Comment.
(c) ways we could enhance the quality, 108 Stat. 2255 (1994).
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![Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 30501
Estimated Annual Frequency of submit their comments. The reopened http://www.nrc.gov/reading-rm/
Response: 5. comment period will expire on July 17, adams.html. To begin the search, select
Estimated Time per Response: 5 2015. ‘‘ADAMS Public Documents’’ and then
minutes (1⁄12 hour) to execute this DATES: The comment period for the select ‘‘Begin Web-based ADAMS
notice. document published on March 5, 2015 Search.’’ For problems with ADAMS,
Estimated Annual Burden: 1,680 (80 FR 12043), has been reopened. please contact the NRC’s Public
reporting hours. Comments should be filed no later than Document Room (PDR) reference staff at
July 17, 2015. Comments received after 1–800–397–4209, 301–415–4737, or by
7. Purchase of Force-Placed Flood email to pdr.resource@nrc.gov. The
Insurance for Borrower from Remapping this date will be considered, if it is
practical to do so, but the Commission ADAMS accession number for each
Respondents: 4,032 credit unions. is able to ensure consideration only for document referenced (if it is available in
Estimated Annual Frequency of comments received on or before this ADAMS) is provided the first time that
Response: 3. date. it is mentioned in the SUPPLEMENTARY
Estimated Time per Response: 15 INFORMATION section. The draft
minutes (1⁄4 hour) to execute this notice. ADDRESSES: You may submit comments environmental impact statement (DEIS)
Estimated Annual Burden: 3,024 by any of the following methods (unless is available in ADAMS under Accession
reporting hours. this document describes a different Nos. ML15055A103 and ML15055A109.
Therefore, NCUA estimates that the method for submitting comments on a • NRC’s PDR: You may examine and
total burden hours for this collection of specific subject): purchase copies of public documents at
information is: • Federal Rulemaking Web site: Go to the NRC’s PDR, Room O1–F21, One
45,360 recordkeeping hours. http://www.regulations.gov and search White Flint North, 11555 Rockville
56,784 disclosure hours. for Docket ID NRC–2009–0337. Address Pike, Rockville, Maryland 20852.
102,144 total burden hours. questions about NRC dockets to Carol • Project Web site: In addition, the
Gallagher; telephone: 301–415–3463; DEIS can be accessed online at the
By the National Credit Union email: Carol.Gallagher@nrc.gov. For
Administration Board on May 21, 2015. Turkey Point COL specific Web page at
technical questions, contact the http://www.nrc.gov/reactors/new-
Gerard Poliquin, individual listed in the FOR FURTHER reactors/col/turkey-point/
Secretary of the Board. INFORMATION CONTACT section of this documents.html.
[FR Doc. 2015–12821 Filed 5–27–15; 8:45 am] document.
BILLING CODE 7535–01–P • Mail comments to: Cindy Bladey, B. Submitting Comments
Office of Administration, Mail Stop: Please include Docket ID NRC–2009–
OWFN–12–H08, U.S. Nuclear 0337 in the subject line of your
NUCLEAR REGULATORY Regulatory Commission, Washington, comment submission.
COMMISSION DC 20555–0001. The NRC cautions you not to include
For additional direction on obtaining identifying or contact information that
[Docket Nos. 52–040 and 52–041; NRC–
2009–0337] information and submitting comments, you do not want to be publicly
see ‘‘Obtaining Information and disclosed in your comment submission.
Combined License Application for Submitting Comments’’ in the The NRC posts all comment
Turkey Point Nuclear Plant, Units 6 and SUPPLEMENTARY INFORMATION section of submissions at http://
7 this document. www.regulations.gov as well as entering
FOR FURTHER INFORMATION CONTACT: the comment submissions into ADAMS.
AGENCY: Nuclear Regulatory Alicia Williamson, telephone: 301–415– The NRC does not routinely edit
Commission. 1878; email: Alicia.Williamson@nrc.gov comment submissions to remove
ACTION: Draft environmental impact or Jennifer Dixon-Herrity, telephone: identifying or contact information.
statement; request for comment; 301–415–2967; email:Jennifer.Dixon- If you are requesting or aggregating
reopening of comment period. Herrity@nrc.gov. Both are staff of the comments from other persons for
Office of New Reactors, U.S. Nuclear submission to the NRC, then you should
SUMMARY: On June 30, 2009, the Florida inform those persons not to include
Regulatory Commission, Washington,
Power and Light Company (FPL) identifying or contact information that
DC 20555–0001.
submitted an application for combined they do not want to be publicly
licenses (COL) for two nuclear power SUPPLEMENTARY INFORMATION:
disclosed in their comment submission.
reactors, Turkey Point Units 6 and 7, at I. Obtaining Information and Your request should state that the NRC
the Turkey Point site near Homestead, Submitting Comments does not routinely edit comment
Florida (Application). On March 5, submissions to remove such information
2015, the U.S. Nuclear Regulatory A. Obtaining Information
before making the comment
Commission (NRC) and the U.S. Army Please refer to Docket ID NRC–2009– submissions available to the public or
Corps of Engineers (USACE), 0337 when contacting the NRC about entering the comment submissions into
Jacksonville District, issued a Federal the availability of information regarding ADAMS.
Register notice in which the NRC this action. You may obtain publicly-
solicited comments on NUREG–2176, available information related to this II. Discussion
‘‘Draft Environmental Impact Statement action by the following methods: By letter dated June 30, 2009, FPL
asabaliauskas on DSK5VPTVN1PROD with NOTICES
for Combined Licenses (COLs) for • Federal Rulemaking Web site: Go to submitted the application for COLs for
Turkey Point Nuclear Plant, Units 6 and http://www.regulations.gov and search Turkey Point Units 6 and 7, in which it
7,’’ to support the environmental review for Docket ID NRC–2009–0337. proposed to construct and operate two
of the application. The public comment • NRC’s Agencywide Documents new nuclear power units at its Turkey
period closed on May 22, 2015. The Access and Management System Point site near Homestead, Florida.
NRC has decided to reopen the public (ADAMS): You may obtain publicly- Among other items, the application
comment period to allow more time for available documents online in the included an environmental report (ER),
members of the public to develop and ADAMS Public Documents collection at which documented FPL’s assessment of
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Document Created: 2018-02-21 10:33:01
Document Modified: 2018-02-21 10:33:01
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Request for Comment. | |
| Dates | Comments will be accepted until June 29, 2015. | |
| Contact | Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Jessica Khouri by mail at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314- 3428, by fax at Fax No. 703-837-2861, or by email at [email protected] | |
| FR Citation | 80 FR 30499 |
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