Federal Register: August 18, 2003 (Volume 68, Number 159)
DOCID: FR Doc 03-21007
DEPARTMENT OF HOMELAND SECURITY
Federal Emergency Management Agency
DOCUMENT ACTION: Notice and request for comments.
Agency Information Collection Activities: Submission for OMB Review; Comment Request
The Federal Emergency Management Agency has submitted the following proposed information collection to the Office of Management and Budget for review and clearance in accordance with the requirements of the Paperwork Reduction Act of 1995, as amended (44 U.S.C. 3507).
Title: Mortgage Portfolio Protection Program (MPPP).
Type of Information Collection: Reinstatement, with change, of a previously approved collection for which approval has expired.
OMB Number: 30670229.
Abstract: The National Flood Insurance Program (NFIP) authorized by [[Page 49495]]
Public Law 90448 (1968) and expanded by Public Law 93234 (1973) and Public Law 103325 (1994) provides federally subsidized flood insurance for existing buildings exposed to flood risk. In return, communities enact and administer construction safeguards to ensure that new construction in the floodplain will be built to eliminate or minimize future flood damage. In accordance with Public Law 93234, the purchase of flood insurance is mandatory when Federal or federally related financial assistance is being provided for acquisition or construction of buildings located or to be located within FEMAidentified special flood hazard areas of communities that are participating in the program. The MPPP is a mechanism by which lending institutions, mortgage servicing companies and others servicing mortgage loan portfolios can bring their mortgage loan portfolios into compliance with the flood insurance purchase requirements of the Flood Disaster Protection Act of 1973.
Affected Public: Individuals and Households; Business or other for
profit; Notforprofit institutions; Farms; Federal Government; State, local, or Tribal government.
Number of Respondents: 273.
Estimated Time per Respondent: WYO0.5 minutes; Lender/Services 0.5 minutes; WYO Company Policy0.25 hours; New WYO Entrant 750 hours.
Estimated Total Annual Burden Hours: 2,386.
Frequency of Response: Onetime.
Agency information collection activities; proposals, submissions, and approvals,
FOR FURTHER INFORMATION CONTACT
Requests for additional information or copies of the information collection should be made to Muriel B. Anderson, Chief, Records Management Branch, Information Resources Management Division, Information Technology Services Directorate, Federal Emergency Management Agency, Emergency Preparedness and Response Directorate, Department of Homeland Security 500 C Street, SW., Room 316, Washington, DC 20472. Facsimile number (202) 6463347, or email address InformationCollections@fema.gov.
Dated: August 11, 2003.
Acting Division Director, Information Resources Management Division, Information Technology Services Directorate.
[FR Doc. 0321007 Filed 81503; 8:45 am]
BILLING CODE 671801P