🌊Renewal Notice for Flood Hazard Loans Information Collection
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Loans in Areas Having Special Flood Hazards
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites 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." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$$ - High
The regulatory text discusses the renewal of an information collection requirement concerning loans in areas with special flood hazards. This has compliance implications for businesses (especially lenders or servicers) as they must adhere to flood insurance requirements and may face legal or financial consequences for non-compliance.