Agency information collection activities: Submission for OMB review; comment request,

[Federal Register: December 31, 1998 (Volume 63, Number 251)]

[Notices]

[Page 72314]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr31de98-109]

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, (202) 395-7860, Office of Management and Budget, Office of Information and Regulatory Affairs, Washington, DC 20503.

FDIC Contact: Tamara R. Manly, (202) 898-7453, 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. 98-34556Filed12-30-98; 8:45 am]

BILLING CODE 6714-01-M

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