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, 30499-30501 [2015-12821]

Download as PDF asabaliauskas on DSK5VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices also when either its SSA or NCUA assigns such a rating. Prior definitions of troubled credit unions did not include FISCUs rated a code 4 or 5 only by NCUA. The FCU Act requires notice from the insured credit union to include certain personal information about the individual to determine the individual’s fitness for the position. NCUA regulation at 12 CFR 701.14 implements Section 212. Section 701.14 requires that within 10 calendar days of receiving the notice, the Regional Director must inform the credit union either that the notice is complete or that additional specified information is required to be submitted within 30 calendar days. Additionally, this section requires the Regional Director or Director of Office of National Examinations and Supervision to issue a written decision of approval or disapproval to the individual and the credit union within 30 calendar days of receipt of the notice. Otherwise, the individual is approved. NCUA’s regulation at 12 CFR 741.205 requires federally insured state-chartered credit unions to follow section 701.14. NCUA’s regulations at 12 CFR part 747 (subpart J) sets forth the rights an individual or a credit union may exercise and procedures to be followed in responding to a notice of disapproval by NCUA. NCUA’s forms 4063 and 4063a provide a uniform method for credit unions and individuals to submit information to NCUA regarding changes to officials and senior executive officers. NCUA uses the information to determine an individual’s fitness for the position. In the Federal Register of January 22, 2015 (80 FR 3255), NCUA published a 60-day notice requesting public comment on the proposed collection of information. 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 the information collection requirements outlined by 12 CFR 701.14 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, VerDate Sep<11>2014 18:18 May 27, 2015 Jkt 235001 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 through 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: Notice of Change of Officials and Senior Executive Officers Forms. OMB Number: 3133–0121. Form Number: NCUA Form 4063 and NCUA Form 4063a. Type of Review: Reinstatement, with change, of a previously approved collection. Description: To comply with statutory requirements, NCUA must obtain sufficient information from new officials or senior executive officers of newly chartered or troubled credit unions to determine the individual’s fitness for the positon. This is established by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. These forms standardize the information gathered to evaluate the individual’s fitness for the position. Respondents: Credit unions defined as newly chartered or in troubled condition and individuals applying for senior executive officer or official positions within a credit union defined as newly chartered or in troubled condition. Estimated Number of Respondents/ Record keepers: 424. Estimated Burden Hours per Response: 1–2 hours. Frequency of Response: On occasion. Estimated Total Annual Burden Hours: 1,907 hours. Estimated Total Annual Cost: $34,948. By the National Credit Union Administration Board on May 21, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015–12814 Filed 5–27–15; 8:45 am] BILLING CODE 7535–01–P 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 (NCUA). ACTION: Request for Comment. AGENCY: Frm 00069 Fmt 4703 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. 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, oirasubmissions@ omb.eop.gov; and (ii) Jessica Khouri, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, Fax No. 703–837–2861, OCIOPRA@ NCUA.GOV. SUMMARY: 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 OCIOPRA@NCUA.GOV. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NATIONAL CREDIT UNION ADMINISTRATION PO 00000 30499 Sfmt 4703 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 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). E:\FR\FM\28MYN1.SGM 28MYN1 asabaliauskas on DSK5VPTVN1PROD with NOTICES 30500 Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 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. VerDate Sep<11>2014 18:18 May 27, 2015 Jkt 235001 • 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. PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 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. E:\FR\FM\28MYN1.SGM 28MYN1 Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 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 NUCLEAR REGULATORY COMMISSION [Docket Nos. 52–040 and 52–041; NRC– 2009–0337] Combined License Application for Turkey Point Nuclear Plant, Units 6 and 7 Nuclear Regulatory Commission. ACTION: Draft environmental impact statement; request for comment; reopening of comment period. AGENCY: On June 30, 2009, the Florida Power and Light Company (FPL) submitted an application for combined licenses (COL) for two nuclear power reactors, Turkey Point Units 6 and 7, at the Turkey Point site near Homestead, Florida (Application). On March 5, 2015, the U.S. Nuclear Regulatory Commission (NRC) and the U.S. Army Corps of Engineers (USACE), Jacksonville District, issued a Federal Register notice in which the NRC solicited comments on NUREG–2176, ‘‘Draft Environmental Impact Statement for Combined Licenses (COLs) for Turkey Point Nuclear Plant, Units 6 and 7,’’ to support the environmental review of the application. The public comment period closed on May 22, 2015. The NRC has decided to reopen the public comment period to allow more time for members of the public to develop and asabaliauskas on DSK5VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:18 May 27, 2015 Jkt 235001 submit their comments. The reopened comment period will expire on July 17, 2015. DATES: The comment period for the document published on March 5, 2015 (80 FR 12043), has been reopened. Comments should be filed no later than July 17, 2015. Comments received after this date will be considered, if it is practical to do so, but the Commission is able to ensure consideration only for comments received on or before this date. You may submit comments by any of the following methods (unless this document describes a different method for submitting comments on a specific subject): • Federal Rulemaking Web site: Go to http://www.regulations.gov and search for Docket ID NRC–2009–0337. Address questions about NRC dockets to Carol Gallagher; telephone: 301–415–3463; email: Carol.Gallagher@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • Mail comments to: Cindy Bladey, Office of Administration, Mail Stop: OWFN–12–H08, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. For additional direction on obtaining information and submitting comments, see ‘‘Obtaining Information and Submitting Comments’’ in the SUPPLEMENTARY INFORMATION section of this document. FOR FURTHER INFORMATION CONTACT: Alicia Williamson, telephone: 301–415– 1878; email: Alicia.Williamson@nrc.gov or Jennifer Dixon-Herrity, telephone: 301–415–2967; email:Jennifer.DixonHerrity@nrc.gov. Both are staff of the Office of New Reactors, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. SUPPLEMENTARY INFORMATION: ADDRESSES: I. Obtaining Information and Submitting Comments A. Obtaining Information Please refer to Docket ID NRC–2009– 0337 when contacting the NRC about the availability of information regarding this action. You may obtain publiclyavailable information related to this action by the following methods: • Federal Rulemaking Web site: Go to http://www.regulations.gov and search for Docket ID NRC–2009–0337. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 30501 http://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to pdr.resource@nrc.gov. The ADAMS accession number for each document referenced (if it is available in ADAMS) is provided the first time that it is mentioned in the SUPPLEMENTARY INFORMATION section. The draft environmental impact statement (DEIS) is available in ADAMS under Accession Nos. ML15055A103 and ML15055A109. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. • Project Web site: In addition, the DEIS can be accessed online at the Turkey Point COL specific Web page at http://www.nrc.gov/reactors/newreactors/col/turkey-point/ documents.html. B. Submitting Comments Please include Docket ID NRC–2009– 0337 in the subject line of your comment submission. The NRC cautions you not to include identifying or contact information that you do not want to be publicly disclosed in your comment submission. The NRC posts all comment submissions at http:// www.regulations.gov as well as entering the comment submissions into ADAMS. The NRC does not routinely edit comment submissions to remove identifying or contact information. If you are requesting or aggregating comments from other persons for submission to the NRC, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission. Your request should state that the NRC does not routinely edit comment submissions to remove such information before making the comment submissions available to the public or entering the comment submissions into ADAMS. II. Discussion By letter dated June 30, 2009, FPL submitted the application for COLs for Turkey Point Units 6 and 7, in which it proposed to construct and operate two new nuclear power units at its Turkey Point site near Homestead, Florida. Among other items, the application included an environmental report (ER), which documented FPL’s assessment of E:\FR\FM\28MYN1.SGM 28MYN1

Agencies

[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)]
[Notices]
[Pages 30499-30501]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12821]


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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, oirasubmissions@omb.eop.gov; and
    (ii) Jessica Khouri, National Credit Union Administration, 1775 
Duke Street, Alexandria, VA 22314-3428, Fax No. 703-837-2861, 
OCIOPRA@NCUA.GOV.

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 OCIOPRA@NCUA.GOV.

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