Loans in Areas Having Special Flood Hazards

Forms and Documents

Document Name	Status
FR2-0207 Loans in Areas Having Special Flood Hazards 87 FR 32415 May 31 2022.pdf Supplementary Document	2022-05-31
FR1-0207 Loans in Areas Having Special Flood Hazards 87 FR 21123 April 11 2022.pdf Supplementary Document	2022-05-27
SPST-0207 Loans in Areas Having Special Flood Hazards 2022 Renewal.docx Supporting Statement A	2022-05-27

IC Document Collections

IC ID	Document Title	Status
253868	Notice to Administrator of FEMA of a change in loan servicer	New
253864	Notice of option to escrow flood insurance payments and fees	New
253863	Notice to Administrator of FEMA of servicer's identity	New
253862	Notice of special flood hazards and availability of Federal disaster relief assistance	New
253861	Notification to terminate flood insurance purchased on behalf of a borrower	New
253859	Notice to borrower to purchase flood insurance	New
253856	Change in status	New
253855	Notice of requirement to escrow flood insurance payments and fees	New
253853	Retention of notice of special flood hazards and availability of Federal disaster relief assistance	New
253849	Standard Flood Hazard Determination	New
253847	Private Flood Insurance	New
224358	Documenting Conclusions About Private Flood Insurance Policies	Removed
224357	Recordkeeping (Notifications)	Removed
224356	Report to FEMA of a Change in Servicer	Removed
224354	Disclosure to the Servicer	Removed
224352	Disclosure to the Borrowser	Removed

ICR Details

OMB Control No: 3064-0207	ICR Reference No: 202201-3064-009
Status: Received in OIRA	Previous ICR Reference No: 201903-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Loans in Areas Having Special Flood Hazards
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 05/31/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2022
Responses	1,396,582	2,110,185
Time Burden (Hours)	117,613	527,547
Cost Burden (Dollars)	0	0

---

Abstract: Each supervised lending institution is required to provide a notice of special flood hazards to a borrower acquiring a loan secured by a building on real property located in an area identified by FEMA as subject to special flood hazards, and various other notices to borrowers, servicers and FEMA.. The Riegle Community Development Act requires that each institution also provide a copy of the notice to the servicer of the loan (if different from the originating lender). Section 100239 of the Biggert-Waters Flood Insurance Reform Act of 2012 requires each federal banking agency (including the FDIC), and the Farm Credit Administration, to adopt implementing regulations to direct regulated lending institutions to accept “private flood insurance,” as defined by the Biggert-Waters Act. A lending institution would be required to implement policies and procedures to comply with the Biggert-Waters Act provision and verify in writing that a private insurance policy satisfies the criteria included in the definition or document findings that separate required criteria have been met when accepting a private flood insurance policy in satisfaction of the mandatory flood insurance purchase requirement of the Flood Disaster Protection Act. The institution must also maintain records to permit examination staff to ascertain how the institution has met the requirements of the regulation.

---

Authorizing Statute(s): US Code: 42 USC 4001 - 4129 Name of Law: National Flood Insurance Act of 1968
   US Code: 12 USC 1462a Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1463 Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1464 Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1819 (Tenth) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 5412(b)(2)(c) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 112 - 141 100239 Name of Law: Biggert-Waters Flood Insurance Reform Act of 2012

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 21123	04/11/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 32415	05/31/2022
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 11

IC Title	Form No.	Form Name
Change in status
Disclosure to the Borrowser
Disclosure to the Servicer
Documenting Conclusions About Private Flood Insurance Policies
Notice of option to escrow flood insurance payments and fees
Notice of requirement to escrow flood insurance payments and fees
Notice of special flood hazards and availability of Federal disaster relief assistance
Notice to Administrator of FEMA of a change in loan servicer
Notice to Administrator of FEMA of servicer's identity
Notice to borrower to purchase flood insurance
Notification to terminate flood insurance purchased on behalf of a borrower
Private Flood Insurance
Recordkeeping (Notifications)
Report to FEMA of a Change in Servicer
Retention of notice of special flood hazards and availability of Federal disaster relief assistance
Standard Flood Hazard Determination

---

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,396,582	2,110,185	0	60	-713,663	0
Annual Time Burden (Hours)	117,613	527,547	0	0	-409,934	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 05/31/2022

---