Proposed Collection; Comment Request for Notice Regarding Certain Church Plan Clarifications Under the PATH Act, 13044-13045 [2022-04626]

Download as PDF lotter on DSK11XQN23PROD with NOTICES1 13044 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices coverage provides sufficient protection of the designated loan, consistent with general safety and soundness principles, and the bank or savings association has documented its conclusion regarding sufficiency of the protection in writing. • 12 CFR 22.5—Escrow Requirements—With certain exceptions with respect to types of loans and size of institution, national banks, 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. When escrow is required, the national bank or Federal savings associations must mail or deliver to the borrower a written notice informing the borrower that the bank or savings association is required to escrow all premiums and fees for required flood insurance. • 12 CFR 22.6(a)—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 or 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 bank or savings association, or its loan servicer, must notify the borrower that the borrower should obtain adequate flood insurance coverage at the borrower’s expense in an amount at least equal to the minimum amount required under the regulation for the remaining term of the loan. If the borrower fails to purchase insurance, the bank or 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(a) and (b)—Notice to Borrower and Servicer—A national bank or Federal savings association making, increasing, extending, or renewing a loan secured by property located in a VerDate Sep<11>2014 17:25 Mar 07, 2022 Jkt 256001 special flood hazard area must provide a written notice to the borrower and loan servicer (borrower notice). The borrower notice must include a warning that the property securing the loan is located in a special flood hazard area; a description of the flood insurance purchase requirements; a statement indicating that flood insurance is available under the National Flood Insurance Program, where applicable; a statement that flood insurance providing the same level of coverage may be available from private insurance companies; a statement that borrowers are encouraged to compare NFIP and private flood insurance policies; and a statement whether 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 notices 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 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 it owns the loan. • 12 CFR 22.10—Notices to FEMA— A national bank or 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 the Administrator’s designee) of the identity of the loan servicer (notice of servicer), and must notify the Administrator of FEMA (or the Administrator’s designee) of any change in the loan servicer (notice of servicer transfer) within 60 days after the effective date of such change. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,550. Estimated Total Annual Burden: 121,069. 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: PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 (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. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2022–04809 Filed 3–7–22; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Notice Regarding Certain Church Plan Clarifications Under the PATH Act 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning reporting requirements for notice regarding certain church plan clarifications under section 336 of the PATH Act. DATES: Written comments should be received on or before May 9, 2022 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to omb.unit@irs.gov. Include OMB control number 1545–2279 or Notice Regarding Certain Church Plan Clarifications under Section 336 of the PATH Act in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or SUMMARY: E:\FR\FM\08MRN1.SGM 08MRN1 lotter on DSK11XQN23PROD with NOTICES1 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices copies of the form should be directed to Kerry Dennis at (202) 317–5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington DC 20224, or through the internet, at Kerry.L.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Notice Regarding Certain Church Plan Clarifications under Section 336 of the PATH Act. OMB Number: 1545–2279. Regulation Project Number: Notice– 2018–81. Abstract: Notice 2018–81 describes the manner in which taxpayers notify the Internal Revenue Service (IRS) of revocation of an election to aggregate or disaggregate certain church-related organizations from treatment as a single employer under section 414(c)(2)(C)and(D). Churches and church-related organizations are allowed to make elections to aggregate or disaggregate for this purpose under section 414(c)(2)(C) and (D), which were added to the Code by section 336(a) of the Protecting Americans from Tax Hikes Act of 2015 (Pub. L. 114–113 (129 Stat. 2242 (2015)) (PATH Act). Current Actions: There is no change to the regulation or burden at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other Not-for-profit; Individuals or households. Estimated Number of Respondents: 3. Estimated Time per Respondent: 2 hours. Estimated Total Annual Burden Hours: 6 hours. The following paragraph applies to all 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 if 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 VerDate Sep<11>2014 17:25 Mar 07, 2022 Jkt 256001 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: March 1, 2022. Kerry L. Dennis, Tax Analyst. [FR Doc. 2022–04626 Filed 3–7–22; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Requesting Comments on Form 8717 and Form 8717–A 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 8717, User Fee for Employee Plan Determination Letter Request, and Form 8717–A, User Fee for Employee Plan Opinion Letter Request. SUMMARY: Written comments should be received on or before May 9, 2022 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to omb.unit@irs.gov. Include OMB Control Number 1545–1772 in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Jon Callahan, (737) 800– 7639, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at jon.r.callahan@irs.gov. SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments concerning the following information collection DATES: PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 13045 tools, reporting, and record-keeping requirements: Title: User Fee for Employee Plan Determination or Opinion Letter Request. OMB Control Number: 1545–1772. Form Number: Form 8717 and Form 8717–A. Abstract: Internal Revenue Code section 7528 requires the payment of user fees for requests to the IRS for ruling letters, opinion letters, and determination letters. Forms 8717 and 8717–A are used by employee plan providers and sponsors to indicate the type of letter request and pay the appropriate user fee. Current Actions: There is no change to the existing collection; however, the total burden has been reduced due to better estimates. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, and not-for-profit institutions. Estimated Number of Responses: 9,000. Estimated Time per Respondent: 2 hours, 38 minutes. Estimated Total Annual Burden Hours: 23,650. 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, E:\FR\FM\08MRN1.SGM 08MRN1

Agencies

[Federal Register Volume 87, Number 45 (Tuesday, March 8, 2022)]
[Notices]
[Pages 13044-13045]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04626]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice Regarding Certain 
Church Plan Clarifications Under the PATH Act

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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning 
reporting requirements for notice regarding certain church plan 
clarifications under section 336 of the PATH Act.

DATES: Written comments should be received on or before May 9, 2022 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include OMB control number 
1545-2279 or Notice Regarding Certain Church Plan Clarifications under 
Section 336 of the PATH Act in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 13045]]

copies of the form should be directed to Kerry Dennis at (202) 317-
5751, or at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Notice Regarding Certain Church Plan Clarifications under 
Section 336 of the PATH Act.
    OMB Number: 1545-2279.
    Regulation Project Number: Notice-2018-81.
    Abstract: Notice 2018-81 describes the manner in which taxpayers 
notify the Internal Revenue Service (IRS) of revocation of an election 
to aggregate or disaggregate certain church-related organizations from 
treatment as a single employer under section 414(c)(2)(C)and(D). 
Churches and church-related organizations are allowed to make elections 
to aggregate or disaggregate for this purpose under section 
414(c)(2)(C) and (D), which were added to the Code by section 336(a) of 
the Protecting Americans from Tax Hikes Act of 2015 (Pub. L. 114-113 
(129 Stat. 2242 (2015)) (PATH Act).
    Current Actions: There is no change to the regulation or burden at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other Not-for-profit; Individuals or 
households.
    Estimated Number of Respondents: 3.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 6 hours.
    The following paragraph applies to all 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 if 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: March 1, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022-04626 Filed 3-7-22; 8:45 am]
BILLING CODE 4830-01-P

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