Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Loans in Areas Having Special Flood Hazards, 30220-30221 [2018-13745]

Download as PDF 30220 Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices VII. NHTSA’s Decision In consideration of the foregoing, NHTSA finds that Autocar has met its burden of persuasion that the FMVSS No. 101 noncompliance is, in each case, inconsequential as it relates to motor vehicle safety. Accordingly, Autocar’s petitions are hereby granted, and Autocar is consequently exempted from the obligation to provide notification of, and remedy for, the subject noncompliance in the affected vehicles under 49 U.S.C. 30118 and 30120. NHTSA notes that the statutory provisions (49 U.S.C. 30118(d) and 30120(h)) that permit manufacturers to file petitions for a determination of inconsequentiality allow NHTSA to exempt manufacturers only from the duties found in sections 30118 and 30120, respectively, to notify owners, purchasers, and dealers of a defect or noncompliance and to remedy the defect or noncompliance. Therefore, this decision only applies to the subject vehicles that Autocar no longer controlled at the time it determined that the noncompliance existed. However, the granting of these petitions does not relieve vehicle distributors and dealers of the prohibitions on the sale, offer for sale, or introduction or delivery for introduction into interstate commerce of the noncompliant vehicles under their control after Autocar notified them that the subject noncompliance existed. Authority: 49 U.S.C. 30118, 30120: delegations of authority at 49 CFR 1.95 and 501.8. Michael A. Cole, Acting Director, Office of Vehicle Safety Compliance. [FR Doc. 2018–13830 Filed 6–26–18; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Loans in Areas Having Special Flood Hazards Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. daltland on DSKBBV9HB2PROD with NOTICES 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 SUMMARY: VerDate Sep<11>2014 16:58 Jun 26, 2018 Jkt 244001 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.’’ The OCC also is giving notice that the information collection has been submitted to OMB for review. DATES: Comments must be received by July 27, 2018. ADDRESSES: 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: 1557–0326, 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– 0326’’ in your comment. In general, the OCC will publish your comment 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. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0326, U.S. Office of Management and Budget, 725 17th Street NW, #10235, Washington, DC 20503 or by email to oira_submission@ omb.eop.gov. You may review comments and other related materials that pertain to this information collection 1 following the close of the 30-Day comment period for this notice 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 1 On April 3, 2018, the OCC published a 60-Day notice for this information collection. PO 00000 Frm 00126 Fmt 4703 Sfmt 4703 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 ‘‘1557–0326’’ or ‘‘Loans in Areas Having Special Flood Hazards.’’ 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 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 government-issued photo identification and submit to security screening in order to inspect comments. FOR FURTHER INFORMATION CONTACT: Sharon A. Johnson, 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. The OCC asks OMB to extend its approval of the following information collection. 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.2 The information 2 42 E:\FR\FM\27JNN1.SGM U.S.C. 4001–4129. 27JNN1 daltland on DSKBBV9HB2PROD with NOTICES Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices 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 VerDate Sep<11>2014 16:58 Jun 26, 2018 Jkt 244001 flood insurance on the property securing the loan is required. Among other things, the borrower notice 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. The OCC issued a notice for 60 days of comment regarding this collection on April 2, 2018, 83 FR 14314. No comments were received. Comments continue to be 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; PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 30221 (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: June 20, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel. [FR Doc. 2018–13745 Filed 6–26–18; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Revenue Procedure 2015–41—Section 482—Allocation of Income and Deductions Among Taxpayers. DATES: Written comments should be received on or before August 27, 2018 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Sara Covington, at (202) 317–6038, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Sara.L.Covington@irs.gov. SUPPLEMENTARY INFORMATION: Title: Revenue Procedure 2015–41 (Formerly 2006–9)—Section 482— Allocation of Income and Deductions Among Taxpayers. OMB Number: 1545–1503. Regulation Project Number: Revenue Procedure 2015–41. SUMMARY: E:\FR\FM\27JNN1.SGM 27JNN1

Agencies

[Federal Register Volume 83, Number 124 (Wednesday, June 27, 2018)]
[Notices]
[Pages 30220-30221]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13745]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; 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.'' The OCC also is giving notice that the information 
collection has been submitted to OMB for review.

DATES: Comments must be received by July 27, 2018.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: 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.
     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 
``1557-0326'' in your comment. In general, the OCC will publish your 
comment 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0326, U.S. Office of Management and Budget, 725 17th 
Street NW, #10235, Washington, DC 20503 or by email to 
[email protected].
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-Day 
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------

    \1\ On April 3, 2018, the OCC published a 60-Day notice for this 
information collection.
---------------------------------------------------------------------------

     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu, 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0326'' or ``Loans in Areas Having Special Flood 
Hazards.'' 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 
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 government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Sharon A. Johnson, 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. The OCC asks OMB 
to extend its approval of the following information collection.
    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.\2\ The information

[[Page 30221]]

collection requirements in part 22 are as follows:
---------------------------------------------------------------------------

    \2\ 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, the borrower notice 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.
    The OCC issued a notice for 60 days of comment regarding this 
collection on April 2, 2018, 83 FR 14314. No comments were received. 
Comments continue to be 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;
    (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: June 20, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel.
[FR Doc. 2018-13745 Filed 6-26-18; 8:45 am]
 BILLING CODE 4810-33-P