Agency Information Collection Activities: Information Collection Renewal; Comment Request; Loans in Areas Having Special Flood Hazards, 14314-14316 [2018-06582]
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Federal Register / Vol. 83, No. 64 / Tuesday, April 3, 2018 / Notices
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0200’’ or ‘‘Release of Non-public
Information.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 400 7th Street
SW, Washington, DC. 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 governmentissued photo identification and submit
to security screening in order to inspect
and photocopy comments.
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
Office of Management and Budget
(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 proposed extension 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 proposed collection of
information set forth in this document.
Title: Release of Non-Public
Information.
OMB Control No.: 1557–0200.
Abstract: The information collection
requirements require individuals who
are requesting non-public OCC
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information to provide the OCC with
information regarding the legal grounds
for the request. The release of nonpublic OCC information to a requester
without sufficient legal grounds to
obtain the information would inhibit
open consultation between a bank and
the OCC, thereby impairing the OCC’s
supervisory and regulatory mission. The
OCC is entitled, under statute and case
law, to require requesters to
demonstrate that they have sufficient
legal grounds for the OCC to release
non-public OCC information. The OCC
needs to identify the requester’s legal
grounds to determine if it should release
the requested non-public OCC
information.
The information requirements in 12
CFR part 4, subpart C, are as follows:
(1) 12 CFR 4.33: Request for nonpublic OCC records or testimony.
(2) 12 CFR 4.35(b)(3): Third parties
requesting testimony.
(3) 12 CFR 4.37(a)(2): OCC former
employee notifying OCC of subpoena.
(4) 12 CFR 4.37(a) and (b): Prohibition
on dissemination of released
information.
(5) 12 CFR 4.38(a) and (b):
Restrictions on dissemination of
released information.
(6) 12 CFR 4.39(d): Request for
authenticated records or certificate of
nonexistence of records.
The OCC uses the information to
process requests for non-public OCC
information and to determine if
sufficient grounds exist for the OCC to
release the requested information or
provide testimony that would include a
discussion of non-public information.
This information collection facilitates
the processing of requests and expedites
the OCC’s release of non-public
information and testimony to the
requester, as appropriate.
Type of Review: Extension, without
change, of a currently approved
collection.
Affected Public: Businesses or other
for-profit; individuals.
Number of Respondents: 2.
Frequency of Response: On occasion.
Total Annual Burden: 6 hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will 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
agency, including whether the
information has practical utility;
(b) The accuracy of the agency’s
estimate of the burden of the collection
of information;
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(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. 2018–06585 Filed 4–2–18; 8:45 am]
BILLING CODE 4810–33–P
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
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
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 prainfo@occ.treas.gov. You may
personally inspect and photocopy
SUMMARY:
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amozie on DSK30RV082PROD with NOTICES
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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 governmentissued 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
1 42
U.S.C. 4001–4129.
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Jkt 244001
collection requirements in part 22 are as
follows:
• 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
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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;
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Federal Register / Vol. 83, No. 64 / Tuesday, April 3, 2018 / Notices
(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
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Subordinated Debt Licensing
Requirements
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
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,
‘‘Subordinated Debt Licensing
Requirements.’’
SUMMARY:
Comments must be submitted on
or before 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. You may submit
comments by any of the following
methods:
• Email: prainfo@occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
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DATES:
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1557–0320, 400 7th Street SW, Suite
3E–218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0320’’ in your comment. In general, the
OCC will publish them on
www.reginfo.gov without change,
including any business or personal
information that you provide, such as
name and address information, email
addresses, or phone numbers.
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.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection 1 by any of the
following methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0320’’ or ‘‘Subordinated Debt
Licensing Requirements.’’ Upon finding
the appropriate information collection,
click on the related ‘‘ICR Reference
Number.’’ On the next screen, select
‘‘View Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 400 7th Street
SW, Washington, DC. 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 governmentissued photo identification and submit
to security screening in order to inspect
and photocopy comments.
1 Following the close of the 60-Day comment
period for this notice, the OCC will publish a notice
for 30 days of comment for this collection.
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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, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), federal
agencies must obtain approval from
OMB for each collection of information
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
the PRA (44 U.S.C. 3506(c)(2)(A))
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 proposed collection of
information set forth in this document.
Title: Subordinated Debt Licensing
Requirements.
OMB Control No.: 1557–0320.
Frequency of Response: On occasion.
Affected Public: Business or other forprofit.
Burden Estimates:
Prepayment of Subordinated Debt in
Form of Call Option: 184 Respondents;
1.30 burden hours per respondent; 239
total burden hours.
Authority to Limit Distributions: 42
Respondents; 0.5 hours per respondent;
21 total burden hours.
Total Burden: 260 hours.
Description: The scope of this
Information Collection Renewal is
limited to the following: (1) The 12 CFR
5.47(g) and 12 CFR 5.56(b) requirements
that national banks and federal savings
associations (collectively,
‘‘institutions’’) apply for OCC approval
prior to prepaying subordinated debt if
the prepayment is in the form of a call
option; and (2) the 12 CFR 5.47(d)
requirement that national banks issuing
subordinated debt disclose the OCC’s
authority under 12 CFR 3.11 to limit
distributions.
National banks must receive prior
OCC approval in order to prepay
subordinated debt that is included in
tier 2 capital, and certain banks must
receive prior approval to prepay
subordinated debt that is not included
in tier 2 capital. If the prepayment is in
the form of a call option, a national bank
must submit the information required
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]]>Agencies
[Federal Register Volume 83, Number 64 (Tuesday, April 3, 2018)]
[Notices]
[Pages 14314-14316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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
