Document ID: FEMA-2010-0015-0001
Agency: fema
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: National Flood Insurance Program - Mortgage Portfolio Protection Program
Posted Date: 2010-05-05T04:00Z

[Federal Register: May 5, 2010 (Volume 75, Number 86)]
[Notices]               
[Page 24726-24727]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05my10-112]                         

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID: FEMA-2010-0015]

 
Agency Information Collection Activities: Proposed Collection; 
Comment Request, 1660-0086; National Flood Insurance Program--Mortgage 
Portfolio Protection Program (MPPP)

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice; 60-day notice and request for comments; revision of a 
currently approved information collection; OMB No. 1660-0086; No Form.

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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 and other Federal agencies to take this opportunity 
to comment on a proposed revision of a currently approved information 
collection. In accordance with the Paperwork Reduction Act of 1995, 
this Notice seeks comments concerning the Mortgage Portfolio Protection 
Program, which assists the mortgage lending and servicing industries 
bring their mortgage portfolios into compliance with Federal flood 
insurance requirements.

DATES: Comments must be submitted on or before July 6, 2010.

ADDRESSES: To avoid duplicate submissions to the docket, please use 
only one of the following means to submit comments:
    (1) Online. Submit comments at http://www.regulations.gov under 
Docket ID FEMA-2010-0015. Follow the instructions for submitting 
comments.
    (2) Mail. Submit written comments to Office of Chief Counsel, 
Regulation and Policy Team, DHS/FEMA, 500 C Street, SW., Room 835, 
Washington, DC 20472-3100.
    (3) Facsimile. Submit comments to (703) 483-2999.
    (4) E-mail. Submit comments to FEMA-POLICY@dhs.gov. Include Docket 
ID FEMA-2010-0015 in the subject line.
    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 Notice link in the footer of http://
www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Contact Susan Bernstein, Program 
Analyst, FEMA Mitigation Division, (202) 212-2113 for additional 
information. You may contact the Records Management Division for copies 
of the proposed collection of

[[Page 24727]]

information at facsimile number (202) 646-3347 or e-mail address: FEMA-
Information-Collections-Management@dhs.gov.

SUPPLEMENTARY INFORMATION: The National Flood Insurance Program (NFIP) 
is authorized in Public Law 90-448 (1968) and expanded by Public Law 
93-234 (1973), and is codified as 42 U.S.C. 4001, et seq. Public Law 
103-325 (1994) expands upon this and provides federally supported flood 
insurance for existing buildings exposed to flood risk. In accordance 
with Public Law 93-234, the purchase of flood insurance is mandatory 
when Federal or federally related financial assistance is being 
provided for acquisition of flood hazard areas of communities that are 
participating in the program. The Mortgage Portfolio Protection program 
(MPPP) is an option that companies participating in the NFIP can use to 
bring their mortgage loan portfolios into compliance with the flood 
insurance purchase requirements of the three public laws described 
previously. Title 44 CFR 62.23(l)(1), with 44 CFR Appendix A to Part 62 
implements the MPPP requirements for specific notices and other 
procedures that must be adhered to. Title 44 CFR 62.23(l)(2) indicates 
that Write-Your-Own (WYO) Companies participating in the MPPP must 
provide a detailed implementation package, known as the Mortgage 
Portfolio Protection Program Agreement, to any lending institutions 
that are requesting insurance coverage and the lender must acknowledge 
receipt.

Collection of Information

    Title: National Flood Insurance Program--Mortgage Portfolio 
Protection Program (MPPP).
    Type of Information Collection: Revision of a currently approved 
information collection.
    OMB Number: 1660-0086.
    Form Titles and Numbers: No Form.
    Abstract: A WYO Company that wishes to participate in the MPPP must 
review the information listed in the Mortgage Portfolio Protection 
Program Agreement and complete the acknowledgement either agreeing to 
participate in the MPPP or electing to continue under just the WYO 
guidelines. This acknowledgment is used to determine which WYO 
Companies will be writing insurance under the Mortgage Portfolio 
Protection Program and which ones choose only to sell flood insurance 
through the regular WYO Program. A lender wishing to obtain flood 
insurance through an MPPP participating insurance company must review 
the Financial Assistance/Subsidy Arrangement and acknowledge the terms 
by signing the notice of acceptance provided with the Arrangement. This 
acceptance is used to verify that the lender understands the terms of 
the agreement so that they can properly apply for flood insurance.
    Affected Public: Business or other for-profit.
    Estimated Total Annual Burden Hours: 170.5 Hours.

                                                 Table A.12--Estimated Annualized Burden Hours and Costs
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                   Total
                                Form name/form     Number of       Number of     Total number     Avg. burden      annual    Avg. hourly   Total annual
      Type of respondent             No.          respondents    responses per   of responses    per response   burden  (in   wage rate     respondent
                                                                  respondent                      (in hours)       hours)                      cost
--------------------------------------------------------------------------------------------------------------------------------------------------------
Business or other for-profit.  Mortgage                     91               1              91              .5         45.5       $40.68          $1,851
                                Portfolio
                                Protection
                                Program
                                Agreement
                                Notice of
                                Acceptance
                                (Formerly
                                Lender/
                                Mortgagor
                                Service
                                Coordination)
                                New Entrant/No
                                Form.
Business or other for-profit.  Financial                   250               1             250              .5          125        43.75           5,434
                                Assistance/
                                Subsidy
                                Arrangement
                                Receipt for
                                Materials/No
                                Form.
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    Estimated Cost: There are no recordkeeping, capital, start-up or 
maintenance costs associated with this information collection.

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

    Dated: April 28, 2010.
Samuel C. Smith,
Acting Director, Records Management Division, Mission Support Bureau, 
Federal Emergency Management Agency, Department of Homeland Security.
[FR Doc. 2010-10527 Filed 5-4-10; 8:45 am]
BILLING CODE 9110-11-P