83 FR 14314 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Loans in Areas Having Special Flood Hazards
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 64 (April 3, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 64 (April 3, 2018)
| Page Range | 14314-14316 | |
| FR Document | 2018-06582 |
[Federal Register Volume 83, Number 64 (Tuesday, April 3, 2018)] [Notices] [Pages 14314-14316] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06582] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Loans in Areas Having Special Flood Hazards AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled ``Loans in Areas Having Special Flood Hazards.'' DATES: Comments must be received by June 4, 2018. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0326, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to [email protected]. You may personally inspect and photocopy [[Page 14315]] comments at the OCC, 400 7th Street SW, Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each renewal of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the renewal of the collection of information set forth in this document. Title: Loans in Areas Having Special Flood Hazards. OMB Control No.: 1557-0326. Type of Review: Regular. Description: This information collection is required to evidence compliance with the requirements of the federal flood insurance statutes with respect to lenders and servicers and set forth in OCC regulations at 12 CFR part 22. These provisions are required by the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended.\1\ The information collection requirements in part 22 are as follows: --------------------------------------------------------------------------- \1\ 42 U.S.C. 4001-4129. ---------------------------------------------------------------------------12 CFR 22.5--Escrow Requirements--With certain exceptions with respect to types of loans and size of institution, national banks and federal savings associations, and their servicers must escrow flood insurance premiums and fees for all loans secured by properties located in a Special Flood Hazard Area made, increased, extended, or renewed on or after January 1, 2016. Written notice must be provided informing the borrower that the institution is required to escrow all premiums and fees for required flood insurance. 12 CFR 22.6--Required Use of Standard Flood Hazard Determination Form--A national bank or federal savings association must use the Standard Flood Hazard Determination Form developed by FEMA. 12 CFR 22.6(b)--Retention of Standard Flood Hazard Determination Form--A national bank or federal savings association must retain a copy of the completed Standard Flood Hazard Determination Form for the period of time the bank or savings association owns the loan. 12 CFR 22.7--Notice of Forced Placement of Flood Insurance--If a national bank, federal savings association, or its loan servicer determines during the period of time the bank or savings association owns the loan that the property securing the loan is not covered by adequate flood insurance, the national bank, federal savings association, or its loan servicer must notify the borrower that the borrower should obtain adequate flood insurance coverage (forced placement notice). The forced placement notice informs the borrower of the amount of flood insurance to purchase. If the borrower fails to purchase insurance, the bank, savings association, or its servicer must purchase insurance on the borrower's behalf and may charge the borrower for the premiums and fees. The insurance provider must be notified to terminate any insurance purchased by an institution or servicer within 30 days of receipt of confirmation of a borrower's existing flood insurance coverage. 12 CFR 22.9--Notice to Borrower and Servicer--A national bank or federal savings association making, extending, increasing, or renewing a loan secured by property located in a special flood hazard area must provide a notice to the borrower and loan servicer (borrower notice). The borrower notice advises the borrower that the property securing the loan is located in a special flood hazard area and that flood insurance on the property securing the loan is required. Among other things, it includes a description of the flood insurance purchase requirements; and states that flood insurance is available under the National Flood Insurance Program, where applicable, that flood insurance may be available from private insurance companies, and that federal disaster relief assistance may be available in the event of a declared federal flood disaster. 12 CFR 22.9(d) and (e)--Record of Borrower and Servicer Receipt of Notice and Alternate Method of Notice--A national bank or federal savings association must retain a record of the receipt of the borrower notice by the borrower and the loan servicer for the period of time the bank or savings association owns the loan. In lieu of providing the borrower notice, a national bank or federal savings association may obtain a satisfactory written assurance from a seller or lessor that, within a reasonable time before completion of the sale or lease transaction, the seller or lessor has provided such notice to the purchaser or lessee. The bank or savings association must retain a record of the written assurance from the seller or lessor for the period of time the bank or savings association owns the loan. 12 CFR 22.10--Notices to FEMA--A national bank or federal savings association making, increasing, extending, renewing, selling, or transferring a loan secured by property located in a special flood hazard area must notify the Administrator of FEMA (or FEMA's designee) of the identity of the loan servicer (notice of servicer) and must notify the Administrator of FEMA of any change in the loan servicer (notice of servicer transfer) within 60 days of such change. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,550. Estimated Total Annual Burden: 106,951. Frequency of Response: On occasion. Comments submitted in response to this notice will be summarized, included in the request for OMB approval, and become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the burden of the collection of information; [[Page 14316]] (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: March 26, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel. [FR Doc. 2018-06582 Filed 4-2-18; 8:45 am] BILLING CODE 4810-33-P
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Treasury’’ and then click ‘‘submit.’’ This information to provide the OCC with (c) Ways to enhance the quality,
information collection can be located by information regarding the legal grounds utility, and clarity of the information to
searching by OMB control number for the request. The release of non- be collected;
‘‘1557–0200’’ or ‘‘Release of Non-public public OCC information to a requester (d) Ways to minimize the burden of
Information.’’ Upon finding the without sufficient legal grounds to the collection on respondents, including
appropriate information collection, click obtain the information would inhibit through the use of automated collection
on the related ‘‘ICR Reference Number.’’ open consultation between a bank and techniques or other forms of information
On the next screen, select ‘‘View the OCC, thereby impairing the OCC’s technology; and
Supporting Statement and Other supervisory and regulatory mission. The (e) Estimates of capital or start-up
Documents’’ and then click on the link OCC is entitled, under statute and case costs and costs of operation,
to any comment listed at the bottom of law, to require requesters to maintenance, and purchase of services
the screen. demonstrate that they have sufficient to provide information.
• For assistance in navigating legal grounds for the OCC to release Dated: March 26, 2018.
www.reginfo.gov, please contact the non-public OCC information. The OCC Karen Solomon,
Regulatory Information Service Center needs to identify the requester’s legal Acting Senior Deputy Comptroller and Chief
at (202) 482–7340. grounds to determine if it should release Counsel.
• Viewing Comments Personally: You the requested non-public OCC [FR Doc. 2018–06585 Filed 4–2–18; 8:45 am]
may personally inspect and photocopy information. BILLING CODE 4810–33–P
comments at the OCC, 400 7th Street The information requirements in 12
SW, Washington, DC. For security CFR part 4, subpart C, are as follows:
reasons, the OCC requires that visitors (1) 12 CFR 4.33: Request for non- DEPARTMENT OF THE TREASURY
make an appointment to inspect public OCC records or testimony.
comments. You may do so by calling (2) 12 CFR 4.35(b)(3): Third parties Office of the Comptroller of the
(202) 649–6700 or, for persons who are requesting testimony. Currency
deaf or hearing impaired, TTY, (202) (3) 12 CFR 4.37(a)(2): OCC former
649–5597. Upon arrival, visitors will be employee notifying OCC of subpoena. Agency Information Collection
required to present valid government- (4) 12 CFR 4.37(a) and (b): Prohibition Activities: Information Collection
issued photo identification and submit on dissemination of released Renewal; Comment Request; Loans in
to security screening in order to inspect information. Areas Having Special Flood Hazards
and photocopy comments. (5) 12 CFR 4.38(a) and (b):
Restrictions on dissemination of AGENCY: Office of the Comptroller of the
FOR FURTHER INFORMATION CONTACT: Currency (OCC), Treasury.
Shaquita Merritt, OCC Clearance released information.
(6) 12 CFR 4.39(d): Request for ACTION: Notice and request for comment.
Officer, (202) 649–5490 or, for persons
authenticated records or certificate of
who are deaf or hearing impaired, TTY, SUMMARY: The OCC, as part of its
nonexistence of records.
(202) 649–5597, Legislative and continuing effort to reduce paperwork
The OCC uses the information to
Regulatory Activities Division, Office of and respondent burden, invites the
process requests for non-public OCC
the Comptroller of the Currency, 400 7th general public and other federal
information and to determine if
Street SW, Suite 3E–218, Washington, agencies to take this opportunity to
sufficient grounds exist for the OCC to
DC 20219. comment on a continuing information
release the requested information or
SUPPLEMENTARY INFORMATION: Under the collection as required by the Paperwork
provide testimony that would include a
PRA (44 U.S.C. 3501–3520), federal Reduction Act of 1995 (PRA).
discussion of non-public information. In accordance with the requirements
agencies must obtain approval from the This information collection facilitates
Office of Management and Budget of the PRA, the OCC may not conduct
the processing of requests and expedites or sponsor, and the respondent is not
(OMB) for each collection of the OCC’s release of non-public
information that they conduct or required to respond to, an information
information and testimony to the collection unless it displays a currently
sponsor. ‘‘Collection of information’’ is requester, as appropriate.
defined in 44 U.S.C. 3502(3) and 5 CFR valid Office of Management and Budget
Type of Review: Extension, without
1320.3(c) to include agency requests or (OMB) control number.
change, of a currently approved The OCC is soliciting comment
requirements that members of the public collection.
submit reports, keep records, or provide concerning the renewal of its
Affected Public: Businesses or other
information to a third party. Section information collection titled ‘‘Loans in
for-profit; individuals.
3506(c)(2)(A) of title 44 requires federal Areas Having Special Flood Hazards.’’
Number of Respondents: 2.
agencies to provide a 60-day notice in Frequency of Response: On occasion. DATES: Comments must be received by
the Federal Register concerning each Total Annual Burden: 6 hours. June 4, 2018.
proposed collection of information, Comments submitted in response to ADDRESSES: Because paper mail in the
including each proposed extension of an this notice will be summarized and Washington, DC area and at the OCC is
existing collection of information, included in the request for OMB subject to delay, commenters are
before submitting the collection to OMB approval. All comments will become a encouraged to submit comments by
for approval. To comply with this matter of public record. Comments are email, if possible. Comments may be
requirement, the OCC is publishing invited on: sent to: Legislative and Regulatory
notice of the proposed collection of (a) Whether the collection of Activities Division, Office of the
amozie on DSK30RV082PROD with NOTICES
information set forth in this document. information is necessary for the proper Comptroller of the Currency, Attention:
Title: Release of Non-Public performance of the functions of the 1557–0326, 400 7th Street SW, Suite
Information. agency, including whether the 3E–218, Washington, DC 20219. In
OMB Control No.: 1557–0200. information has practical utility; addition, comments may be sent by fax
Abstract: The information collection (b) The accuracy of the agency’s to (571) 465–4326 or by electronic mail
requirements require individuals who estimate of the burden of the collection to prainfo@occ.treas.gov. You may
are requesting non-public OCC of information; personally inspect and photocopy
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![14316 Federal Register / Vol. 83, No. 64 / Tuesday, April 3, 2018 / Notices
(c) Ways to enhance the quality, 1557–0320, 400 7th Street SW, Suite FOR FURTHER INFORMATION CONTACT:
utility, and clarity of the information to 3E–218, Washington, DC 20219. Shaquita Merritt, OCC Clearance
be collected; • Hand Delivery/Courier: 400 7th Officer, (202) 649–5490 or, for persons
(d) Ways to minimize the burden of Street SW, Suite 3E–218, Washington, who are deaf or hearing impaired, TTY,
the collection on respondents, including DC 20219. (202) 649–5597, Legislative and
through the use of automated collection • Fax: (571) 465–4326. Regulatory Activities Division, Office of
techniques or other forms of information Instructions: You must include the Comptroller of the Currency, 400 7th
technology; and ‘‘OCC’’ as the agency name and ‘‘1557– Street SW, Washington, DC 20219.
(e) Estimates of capital or start-up 0320’’ in your comment. In general, the SUPPLEMENTARY INFORMATION: Under the
costs and costs of operation, OCC will publish them on PRA (44 U.S.C. 3501–3520), federal
maintenance, and purchase of services www.reginfo.gov without change, agencies must obtain approval from
to provide information. including any business or personal OMB for each collection of information
information that you provide, such as they conduct or sponsor. ‘‘Collection of
Dated: March 26, 2018.
name and address information, email information’’ is defined in 44 U.S.C.
Karen Solomon,
addresses, or phone numbers. 3502(3) and 5 CFR 1320.3(c) to include
Acting Senior Deputy Comptroller and Chief Comments received, including
Counsel. agency requests or requirements that
attachments and other supporting members of the public submit reports,
[FR Doc. 2018–06582 Filed 4–2–18; 8:45 am] materials, are part of the public record keep records, or provide information to
BILLING CODE 4810–33–P and subject to public disclosure. Do not a third party. Section 3506(c)(2)(A) of
include any information in your the PRA (44 U.S.C. 3506(c)(2)(A))
comment or supporting materials that requires federal agencies to provide a
DEPARTMENT OF THE TREASURY you consider confidential or 60-day notice in the Federal Register
Office of the Comptroller of the inappropriate for public disclosure. concerning each proposed collection of
You may review comments and other information, including each renewal of
Currency
related materials that pertain to this an existing collection of information,
Agency Information Collection information collection beginning on the before submitting the collection to OMB
Activities: Information Collection date of publication of the second notice for approval. To comply with this
Renewal; Comment Request; for this collection 1 by any of the requirement, the OCC is publishing
Subordinated Debt Licensing following methods: notice of the proposed collection of
Requirements • Viewing Comments Electronically: information set forth in this document.
Go to www.reginfo.gov. Click on the Title: Subordinated Debt Licensing
AGENCY: Office of the Comptroller of the ‘‘Information Collection Review’’ tab. Requirements.
Currency (OCC), Treasury. Underneath the ‘‘Currently under OMB Control No.: 1557–0320.
ACTION: Notice and request for comment. Review’’ section heading, from the drop- Frequency of Response: On occasion.
down menu, select ‘‘Department of Affected Public: Business or other for-
SUMMARY: The OCC, as part of its Treasury’’ and then click ‘‘submit.’’ This
continuing effort to reduce paperwork profit.
information collection can be located by Burden Estimates:
and respondent burden, invites the searching by OMB control number
general public and other federal Prepayment of Subordinated Debt in
‘‘1557–0320’’ or ‘‘Subordinated Debt Form of Call Option: 184 Respondents;
agencies to take this opportunity to Licensing Requirements.’’ Upon finding
comment on a continuing information 1.30 burden hours per respondent; 239
the appropriate information collection, total burden hours.
collection as required by the Paperwork click on the related ‘‘ICR Reference
Reduction Act of 1995 (PRA). Authority to Limit Distributions: 42
Number.’’ On the next screen, select Respondents; 0.5 hours per respondent;
In accordance with the requirements ‘‘View Supporting Statement and Other
of the PRA, the OCC may not conduct 21 total burden hours.
Documents’’ and then click on the link Total Burden: 260 hours.
or sponsor, and the respondent is not to any comment listed at the bottom of
required to respond to, an information Description: The scope of this
the screen. Information Collection Renewal is
collection unless it displays a currently • For assistance in navigating
valid Office of Management and Budget limited to the following: (1) The 12 CFR
www.reginfo.gov, please contact the
(OMB) control number. 5.47(g) and 12 CFR 5.56(b) requirements
Regulatory Information Service Center
The OCC is soliciting comment that national banks and federal savings
at (202) 482–7340.
associations (collectively,
concerning the renewal of its • Viewing Comments Personally: You
information collection titled, ‘‘institutions’’) apply for OCC approval
may personally inspect and photocopy
‘‘Subordinated Debt Licensing prior to prepaying subordinated debt if
comments at the OCC, 400 7th Street
Requirements.’’ the prepayment is in the form of a call
SW, Washington, DC. For security
option; and (2) the 12 CFR 5.47(d)
DATES: Comments must be submitted on reasons, the OCC requires that visitors
requirement that national banks issuing
or before June 4, 2018. make an appointment to inspect
subordinated debt disclose the OCC’s
comments. You may do so by calling
ADDRESSES: Because paper mail in the authority under 12 CFR 3.11 to limit
(202) 649–6700 or, for persons who are
Washington, DC area and at the OCC is distributions.
deaf or hearing impaired, TTY, (202)
subject to delay, commenters are National banks must receive prior
649–5597. Upon arrival, visitors will be
encouraged to submit comments by OCC approval in order to prepay
required to present valid government-
amozie on DSK30RV082PROD with NOTICES
email, if possible. You may submit subordinated debt that is included in
issued photo identification and submit
comments by any of the following tier 2 capital, and certain banks must
to security screening in order to inspect
methods: receive prior approval to prepay
and photocopy comments.
• Email: prainfo@occ.treas.gov. subordinated debt that is not included
• Mail: Legislative and Regulatory 1 Following the close of the 60-Day comment in tier 2 capital. If the prepayment is in
Activities Division, Office of the period for this notice, the OCC will publish a notice the form of a call option, a national bank
Comptroller of the Currency, Attention: for 30 days of comment for this collection. must submit the information required
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Document Created: 2018-04-03 00:50:13
Document Modified: 2018-04-03 00:50:13
| 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 | Notice and request for comment. | |
| Dates | Comments must be received by June 4, 2018. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. | |
| FR Citation | 83 FR 14314 |
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