98-34556. Agency Information Collection Activities: Submission for OMB Review; Comment Request

[Federal Register Volume 63, Number 251 (Thursday, December 31, 1998)]
[Notices]
[Page 72314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34556]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

-----------------------------------------------------------------------

SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and approval of the information collection system 
described below
    Type of review: Renewal of a currently approved collection.
    Title: Flood Insurance.
    OMB Number: 3064-0120.
    Annual Burden:

Estimated annual number of respondents--6,000
Estimated time per response--25.9 hours
Total annual burden hours--155,625 hours.

    Expiration Date of OMB Clearance: January 31, 1999.
    OMB Reviewer: Alexander T. Hunt, [phone], Office of 
Management and Budget, Office of Information and Regulatory Affairs, 
Washington, DC 20503.
    FDIC Contact: Tamara R. Manly, [phone], Office of the 
Executive Secretary, Room F-4058, Federal Deposit Insurance 
Corporation, 550 17th Street NW., Washington, DC 20429.
    Comments: Comments on this collection of information are welcome 
and should be submitted on or before February 1, 1999 to both the OMB 
reviewer and the FDIC contact listed above.

ADDRESSES: Information about this submission, including copies of the 
proposed collection of information, may be obtained by calling or 
writing the FDIC contact listed above.

SUPPLEMENTARY INFORMATION: Each supervised lending institution is 
currently 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 the Director of the Federal Emergency 
Management Administration as being subject to special flood hazards. 
Subtitle B of Title V of the Riegle Community Development and 
Regulatory Improvement Act of 1994 requires that each institution must 
also provide a copy of the notice to the servicer of the loan (if 
different from the originating lender).

    Dated: December 21, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-34556 Filed 12-30-98; 8:45 am]
BILLING CODE 6714-01-M