Federal Register / Vol. 83, No. 124 / Wednesday, June 27, 2018 / Notices 30221 

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 

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 

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 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. 


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 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Forms 5310 and 6088 

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 

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. 

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 

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 


daltland on DSKBBV9HB2PROD with NOTICES