[Federal Register Volume 76, Number 224 (Monday, November 21, 2011)]
[Notices]
[Page 71934]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30031]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Direct Loan Servicing--Special

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on a revision of a currently approved 
information collection that supports Direct Loan Servicing-Special 
programs. The information is used in eligibility and feasibility 
determinations on borrower requests for disaster set-aside, primary 
loan servicing, buyout at market value, and homestead protection, as 
well as liquidation of security.

DATES: We will consider comments that we receive by January 20, 2012.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include the date, volume, and page number of this issue of 
the Federal Register, the OMB control number and the title of the 
information collection. You may submit comments by any of the following 
methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the online instructions for submitting 
comments.
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue SW., Washington, DC 20250-0520.
     Email: [email protected].
     Fax: (202) 690-0949.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm 
Service Agency, (202) 720-6834.

SUPPLEMENTARY INFORMATION: 
    Title: (7 CFR part 766) Farm Loan Programs--Direct Loan Servicing-
Special.
    OMB Number: 0560-0233.
    Expiration Date: 01/31/2014.
    Type of Request: Revision.
    Abstract: FSA is revising a currently approved information 
collection to add two new forms which would allow certain borrowers to: 
(1) Request a new notification of loan servicing options available; and 
(2) complete a new loan servicing application.
    FSA's Farm Loan Programs provide loans to family farmers to 
purchase real estate and equipment and finance agricultural production. 
Direct Loan Servicing--Special, as specified in 7 CFR part 766, 
provides the requirements for servicing financially distressed and 
delinquent direct loan borrowers. FSA's loan servicing options include 
disaster set-aside, primary loan servicing (including reamortization, 
rescheduling, deferral, write down and conservation contracts), buyout 
at market value, and homestead protection. FSA also services borrowers 
who file bankruptcy or liquidate security when servicing options are 
not available or are insufficient to produce a feasible plan. The 
information collections contained in the regulation are necessary to 
evaluate a borrower's request for consideration of the special 
servicing actions.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 14,929.
    Estimated Number of Reponses per Respondent: 1.
    Total Annual Responses: 27,905.
    Estimated Total Annual Burden Hours: 15,832.
    We are requesting comments on all aspects of this information 
collection and to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of the FSA, including whether 
the information will have practical utility;
    (2) Evaluate the accuracy of the FSA's estimate of burden including 
the validity of the methodology and assumptions used;
    (3) Enhance the quality, utility and clarity of the information to 
be collected; and
    (4) Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology.
    All comments received in response to this notice, including names 
and addresses when provided, will be a matter of public record. 
Comments will be summarized and included in the submission for Office 
of Management and Budget approval.

    Signed on: November 15, 2011.
Bruce Nelson,
Administrator, Farm Service Agency.
[FR Doc. 2011-30031 Filed 11-18-11; 8:45 am]
BILLING CODE 3410-05-P