Document ID: FEMA-2017-0033-0001
Agency: fema
Document Type: Notice
Title: Agency Information Collection Activities: Proposed Collection; Comment Request; National Flood Insurance Program- Mortgage Portfolio Protection Program (MPPP)
Posted Date: 2017-10-24T04:00Z

[Federal Register Volume 82, Number 204 (Tuesday, October 24, 2017)]
[Notices]
[Pages 49222-49223]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23063]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID: FEMA-2017-0033; OMB No. 1660-0086]

Agency Information Collection Activities: Proposed Collection; 
Comment Request; National Flood Insurance Program--Mortgage Portfolio 
Protection Program (MPPP)

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice and request for comments.

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SUMMARY: The Federal Emergency Management Agency, as part of its 
continuing effort to reduce paperwork and respondent burden, invites 
the general public to take this opportunity to comment on a 
reinstatement, without change, of a previously approved information 
collection for which approval has expired. In accordance with the 
Paperwork Reduction Act of 1995, this notice seeks comments concerning 
the National Flood Insurance Program, Mortgage Portfolio Protection 
Program (MPPP), which is an option that companies participating in the 
National Flood Insurance Program can use to bring their mortgage loan 
portfolios into compliance with the flood insurance purchase 
requirements.

DATES: Comments must be submitted on or before December 26, 2017.

ADDRESSES: To avoid duplicate submissions to the docket, please use 
only one of the following means to submit comments:
    (1) Online. Submit comments at www.regulations.gov under Docket ID 
FEMA-2017-0033. Follow the instructions for submitting comments.
    (2) Mail. Submit written comments to Docket Manager, Office of 
Chief Counsel, DHS/FEMA, 500 C Street SW., 8NE, Washington, DC 20472-
3100.
    All submissions received must include the agency name and Docket 
ID. Regardless of the method used for submitting comments or material, 
all submissions will be posted, without change, to the Federal 
eRulemaking Portal at http://www.regulations.gov, and will include any 
personal information you provide. Therefore, submitting this 
information makes it public. You may wish to read the Privacy Act 
notice that is available via the link in the footer of 
www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Kelly Bronowicz, Industry Management 
Branch Chief, FIMA, FEMA, 202-557-9488, [email protected]. 
You may contact the Records Management Division for copies of the 
proposed collection of information at email address: [email protected].

SUPPLEMENTARY INFORMATION: Federal lenders and federally regulated or 
sponsored lending institutions may not make, increase, extend, or renew 
any loan secured by improved real property located in a special flood 
hazard area (SFHA) unless the building and any personal property 
securing the loan is covered by flood insurance for the life of the 
loan. See Flood Disaster Protection Act of 1973 (FDPA) Sec.  102 (Pub. 
L. 93-234; 42 U.S.C. 4012a). The Administrator of the Federal Emergency 
Management Agency (FEMA) carries out the National Flood Insurance 
Program (NFIP) to enable interested persons to purchase insurance 
against loss resulting from physical damage to or loss of real or 
personal property arising from flood in the United States. See National 
Flood Insurance Act of 1968 (NFIA) (Pub. L. 90-448, title XIII; 42 
U.S.C. 4001 et seq.).
    In general, individual mortgagees subject to the requirements of 
the FDPA obtain and maintain flood insurance for their individual 
properties. When individual mortgagees to not obtain required flood 
insurance, the NFIP's Mortgage Portfolio Protection program (MPPP) 
allows covered lenders to ensure compliance with the requirements of 
FDPA by selling making available special coverage for the lender's 
entire mortgage portfolio. See 44 CFR 62.23(l). In order sell MPPP 
policies, private insurance companies participating in the NFIP's Write 
Your Own (WYO) Program must apply for and annually renew their election 
to voluntarily participate in the MPPP.
    This information collection expired on December 31, 2016. FEMA is 
requesting a reinstatement, without change.

Collection of Information

    Title: National Flood Insurance Program--Mortgage Portfolio 
Protection Program (MPPP).
    Type of information collection: Reinstatement, without change, of a 
previously approved information collection for which approval has 
expired.
    OMB Number: 1660-0086.
    Form Titles and Numbers: None.
    Abstract: FEMA needs the information to ensure that private 
insurance companies that join the NFIP's WYO Program meet all state and 
federal requirements for insurance companies. Requirements include a 
good business record and satisfactory rating in their field. There is 
no other way to obtain this information because it is specific to each 
company that applies to join the NFIP.
    Affected Public: Business or other non-profits.
    Estimated Number of Respondents: 341.
    Estimated Number of Responses: 341.
    Estimated Total Annual Burden Hours: 171 hours.
    Estimated Total Annual Respondent Cost: $9,309.47.
    Estimated Respondents' Operation and Maintenance Costs: $0.
    Estimated Respondents' Capital and Start-Up Costs: $0.
    Estimated Total Annual Cost to the Federal Government: $27,468.05.

Comments

    Comments may be submitted as indicated in the ADDRESSES caption 
above. Comments are solicited to (a) evaluate whether the proposed data 
collection is necessary for the proper performance of the agency, 
including whether the information shall have practical utility; (b) 
evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information, including the validity of the 
methodology and assumptions used; (c) enhance the quality, utility, and 
clarity of the information to be collected; and (d) minimize the burden 
of the collection of information on those who are to respond, including 
through the use of appropriate automated, electronic, mechanical, or 
other

[[Page 49223]]

technological collection techniques or other forms of information 
technology, e.g., permitting electronic submission of responses.

    Dated: October 16, 2017.
Tammi Hines,
Acting Records Management Program Chief, Mission Support, Federal 
Emergency Management Agency, Department of Homeland Security.
[FR Doc. 2017-23063 Filed 10-23-17; 8:45 am]
BILLING CODE 9111-52-P