This instrument is used by Federally-regulated lending institutions, Federal Agency lenders, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. Federally-regulated lending institutions complete this form when making, increasing, extending, renewing or purchasing each loan for the purpose is of determining whether flood insurance is required and available. FEMA is responsible for maintaining the form and making it available but does not collect any information itself.
PL:
Pub.L. 103 - 325 528
Name of Law: National Flood Insurance Reform Act of 1994
US Code:
44 USC 65.16
Name of Law: Title 44, Emergency Management and Assistance
The decrease in burden hours is due to the conversion of this information collection to a common forms collection to reflect that FEMA provides this instrument for other Federal Agencies to use but does not collect any information itself. The one burden hour is the minimum that ROCIS will accept. No changes have been made to the information that is being collected
The decrease in burden cost is due to the conversion to a common forms collection that is used by other agencies and not collected by FEMA.
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.