Federal Register: March 30, 2007 (Volume 72, Number 61)
DOCID: fr30mr07-83 FR Doc E7-5910
DEPARTMENT OF HOMELAND SECURITY
Federal Emergency Management Agency
DOCUMENT ACTION: Notice and request for comments.
Agency Information Collection Activities: Proposed Collection; Comment Request
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 ProgramMortgage 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.
Agency information collection activities; proposals, submissions, and approvals,
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 93234, as amended, provides federally backed flood insurance for buildings exposed to flood risk. In accordance with Public Law 93234 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 ProgramMortgage Portfolio Protection Program (MPPP).
Type of Information Collection: Extension, without change, of a currently approved collection.
OMB Number: 16600086.
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
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 forprofit; notforprofit institutions; farms; Federal agencies or employees; and State, local or tribal governments.
Estimated Total Annual Burden Hours: 2,386 hours. Annual Burden Hours 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) WYOLender/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).............
Total....................... 6,273 .............. .............. .............. 2,386 * 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.
FOR FURTHER INFORMATION CONTACT
Contact Edward Connor, Deputy Director
of Insurance, Mitigation Division, Federal Emergency Management Agency,
Department of Homeland Security, 2026463429, email@example.com,
for additional information. You may contact the Records Management
Branch for copies of the proposed collection of information at
facsimile number (202) 6463347or email address:
Dated: March 26, 2007.
John A. SharettsSullivan,
Chief, Records Management and Privacy, Information Resources Management Branch, Information Technology Services Division, Federal Emergency Management Agency, Department of Homeland Security.
[FR Doc. E75910 Filed 32907; 8:45 am]
BILLING CODE 911012P