Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 13043 

1 42 U.S.C. 4001–4129. 

Estimated Burden per Respondent: 

0.25 Hours. 

Total Burden: 62.5 Hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the requests 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 has practical utility; 

(b) The accuracy of the agency’s 

estimates 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. 2022–04810 Filed 3–7–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; 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.’’ 

DATES: Comments must be received by 

May 9, 2022. 

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: Chief Counsel’s Office, 

Attention: Comment Processing, 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 comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, 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. Following the close of this 

notice’s 60-day comment period, the 

OCC will publish a second notice with 

a 30-day comment period. You may 

review comments and other related 

materials that pertain to this 

information collection beginning on the 

date of publication of the second notice 

for this collection by the method set 

forth in the next bullet. 

Viewing Comments Electronically: Go 

to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ dropdown. 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. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, OCC Clearance 

Officer, (202) 649–5490, Chief Counsel’s 

Office, Office of the Comptroller of the 

Currency, 400 7th Street SW, Suite 3E– 

218, Washington, DC 20219. If you are 

deaf, hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

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. Section 

3506(c)(2)(A) of title 44 requires Federal 

agencies to provide a 60-day notice in 

the Federal Register concerning each 

proposed collection of information, 

including each renewal of an existing 

collection of information, before 

submitting the collection to OMB for 

approval. To comply with this 

requirement, the OCC is publishing 

notice of the renewal of the collection 

of information set forth in this 

document. 

Title: Loans in Areas Having Special 

Flood Hazards. 

OMB Control No.: 1557–0326. 

Type of Review: Regular. 

Abstract: 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.1 The information 

collection requirements in part 22 are as 

follows: 

• 12 CFR 22.3—Requirement to 

Purchase Flood Insurance Where 

Available—Under § 22.3(c)(3), national 

banks and Federal savings associations 

have the discretion to accept a flood 

insurance policy issued by a private 

insurer that is not issued under the 

National Flood Insurance Program 

(NFIP) and does not meet the definition 

of private flood insurance if, among 

other things, the policy 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. Under 

§ 22.3(c)(4)(v), national banks and 

Federal savings associations may accept 

a private policy issued by a mutual aid 

society if, among other things, the 


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 

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: 

(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 

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 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 


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