Proposed Collection; Comment Request for Regulation Project, 30221-30222 [2018-13748]
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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
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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;
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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:
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daltland on DSKBBV9HB2PROD with NOTICES
30222
Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices
Abstract: This revenue procedure
provides guidance on the process of
requesting and obtaining advance
pricing agreements from the advance
pricing agreement and mutual
agreement program (‘‘APMA’’), to
process applications, negotiate
agreements, and to verify compliance
with agreements and whether
agreements require modification.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit; individuals or households.
Estimated Number of Respondents:
390.
Estimated Time per Respondent: 27.9
hours.
Estimated Total Annual Burden
Hours: 10,900.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or 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 shall have practical utility;
(b) the accuracy of the agency’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 of
information 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.
Approved: June 18, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–13748 Filed 6–26–18; 8:45 am]
BILLING CODE 4830–01–P
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Jkt 244001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 5310 and 6088
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
Form 5310, Application for
Determination for Terminating Plan,
and Form 6088, Distributable Benefits
from Employee Pension Benefit Plans.
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 forms and instructions
should be directed to Sara Covington, at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or at (202) 317–
6038, or through the internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 5310, Application for
Determination for Terminating Plan,
and Form 6088, Distributable Benefits
from Employee Pension Benefit Plans.
OMB Number: 1545–0202.
Form Number: Forms 5310 and 6088.
Abstract: Employers who have
qualified deferred compensation plans
can take an income tax deduction for
contributions to their plans. Form 5310
is used to request an IRS determination
letter about the plan’s qualification
status (qualified or non-qualified) under
Internal Revenue Code sections 401(a)
or 403(a) of a pension. Form 6088 is
used by the IRS to analyze an
application for a determination letter on
the qualification of the plan upon
termination.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
SUMMARY:
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Estimated Number of Responses:
40,000.
Estimated Average Time per
Response: 42.96 hours.
Estimated Total Annual Burden
Hours: 1,718,300.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or 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 shall have practical utility;
(b) the accuracy of the agency’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 of
information 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.
Approved: June 18, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018–13749 Filed 6–26–18; 8:45 am]
BILLING CODE 4830–01–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
SUMMARY:
E:\FR\FM\27JNN1.SGM
27JNN1
]]>Agencies
[Federal Register Volume 83, Number 124 (Wednesday, June 27, 2018)]
[Notices]
[Pages 30221-30222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13748]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: 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
[email protected].
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.
[[Page 30222]]
Abstract: This revenue procedure provides guidance on the process
of requesting and obtaining advance pricing agreements from the advance
pricing agreement and mutual agreement program (``APMA''), to process
applications, negotiate agreements, and to verify compliance with
agreements and whether agreements require modification.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit; individuals or
households.
Estimated Number of Respondents: 390.
Estimated Time per Respondent: 27.9 hours.
Estimated Total Annual Burden Hours: 10,900.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or 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 shall have practical utility; (b) the accuracy of the
agency'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 of
information 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.
Approved: June 18, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-13748 Filed 6-26-18; 8:45 am]
BILLING CODE 4830-01-P
