[Federal Register: March 30, 2007 (Volume 72, Number 61)]
[Notices]
[Page 15142-15143]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30mr07-83]
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DEPARTMENT OF HOMELAND SECURITY
Federal Emergency Management Agency
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Federal Emergency Management Agency, DHS.
ACTION: Notice and request for comments.
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SUMMARY: The Federal Emergency Management Agency (FEMA), 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 proposed continuing information collection. In
accordance with the Paperwork Reduction Act of 1995, this notice seeks
comments concerning the National Flood Insurance Program--Mortgage
Portfolio Protection Program (MPPP) that is a mechanism used by lending
institutions mortgage servicing companies, and others servicing
mortgage loan portfolios to bring the mortgage loan portfolios into
compliance with the flood insurance purchase requirements of the Flood
Disaster Protection Act of 1973, as amended.
SUPPLEMENTARY INFORMATION: The National Flood Insurance Program (NFIP),
authorized by the National Flood Insurance Act of 1968, Public Law 90-
448, and expanded by the Flood Disaster Protection Act of 1973, Public
Law 93-234, as amended, provides federally backed flood insurance for
buildings exposed to flood risk. In accordance with Public Law 93-234
the purchase of flood insurance is mandatory when Federal and federally
related assistance is being provided for acquisition or construction of
buildings located or to be located within FEMA identified Special Flood
Hazard Areas of communities which are participating in the program.
Collection of Information
Title: National Flood Insurance Program--Mortgage Portfolio
Protection Program (MPPP).
Type of Information Collection: Extension, without change, of a
currently approved collection.
OMB Number: 1660-0086.
Form Numbers: None.
Abstract: The MPPP is a mechanism used by lending institutions
mortgage servicing companies, and others servicing mortgage loan
portfolios to bring the mortgage loan portfolios into
[[Page 15143]]
compliance with the flood insurance purchase requirements of the Flood
Disaster Protection Act of 1973, as amended. Implementation of various
requirements of the MPPP should result in mortgagors, following receipt
of notification of the need for flood insurance, showing evidence of
such a policy or purchasing the necessary insurance through their local
insurance agent or appropriate Write Your Own (WYO) Company. It is
intended that NFIP policies be written under the MPPP only as a last
resort, and only on mortgages whose mortgagors have failed to respond
to the various notifications required by the Program. The requirements
of the MPPP are contained in 44 CFR 62.23(l)(1).
Affected Public: Individuals and households; businesses or other
for-profit; not-for-profit institutions; farms; Federal agencies or
employees; and State, local or tribal governments.
Estimated Total Annual Burden Hours: 2,386 hours.
Annual Burden Hours
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Number of Frequency of Burden hours Annual Total annual
Project/activity (survey, respondents responses per responses burden hours
form(s), focus group, worksheet, -------------------------------- respondent -------------------------------
etc.) ----------------
(A) (B) (C) (D) = (A x B) (E) = (C x D)
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WYO--Lender/Services 22 1 .5 22 11
Coordination...................
Lenders/Mortgagors Service 250 1 .5 250 125
Coordination...................
WYO Company Policy Issuance..... 6000 1 .25 6000 1500
WYO Company (New Program Entrant 1 1 *750 1 750
Insurance Company).............
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Total....................... 6,273 .............. .............. .............. 2,386
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* The 750 burden hours per respondent is the amount of time it takes a new program entrant (insurance company)
to prepare, train, and compile various needed information.
Estimated Cost: $107,350.
Comments: Written comments are solicited to (a) evaluate whether
the proposed data collection is necessary for the proper performance of
the agency, including whether the information shall have practical
utility; (b) evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used; (c) enhance the
quality, utility, and clarity of the information to be collected; and
(d) minimize the burden of the collection of information on those who
are to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., permitting electronic
submission of responses. Comments must be submitted on or before May
29, 2007.
ADDRESSES: Interested persons should submit written comments to Chief,
Records Management and Privacy, Information Resources Management
Branch, Information Technology Services Division, Federal Emergency
Management Agency, 500 C Street, SW., Room 609, Washington, DC 20472.
FOR FURTHER INFORMATION CONTACT: Contact Edward Connor, Deputy Director
of Insurance, Mitigation Division, Federal Emergency Management Agency,
Department of Homeland Security, 202-646-3429, edward.connor@dhs.gov,
for additional information. You may contact the Records Management
Branch for copies of the proposed collection of information at
facsimile number (202) 646-3347or email address:
FEMA-Information-Collections@dhs.gov.
Dated: March 26, 2007.
John A. Sharetts-Sullivan,
Chief, Records Management and Privacy, Information Resources Management
Branch, Information Technology Services Division, Federal Emergency
Management Agency, Department of Homeland Security.
[FR Doc. E7-5910 Filed 3-29-07; 8:45 am]
BILLING CODE 9110-12-P