Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H
ICR 200805-7100-002 · OMB 7100-0280 · Historical Active
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Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H
No material or nonsubstantive change to a currently approved collection
The disclosure and recordkeeping requirements under this section of Regulation H are imposed on state member banks to implement requirements of the National Flood Insurance Act of 1968 (as amended) and the Flood Disaster Protection Act of 1973 (as amended). The regulation forbids banks to make or renew loans secured by real estate located in a flood hazard unless it is insured against flooding.
US Code:
42 USC 4104a
Name of Law: National Flood Insurance Reform Act
The change in total annual burden hours is attributed to a decrease in the number of respondents and a decrease of the recordkeeping requirement's annual frequency from 2,763 to 1,430. In addition, this submission will serve as this information collection's initial update to ROCIS database: separate one IC into four ICs.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
RegH2_SFHD_20081031_f_i.pdf
Records of compliance (Section 208.25(f)(2))