[Federal Register Volume 77, Number 209 (Monday, October 29, 2012)]
[Notices]
[Page 65532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26544]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
October 24, 2012.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
regarding (a) whether the collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility; (b) the accuracy
of the agency's estimate of burden including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility and clarity of the information to be collected; (d) ways to
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 should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), [email protected] or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these
information collections are best assured of having their full effect if
received within 30 days of this notification. Copies of the
submission(s) may be obtained by calling (202) 720-8681.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Rural Business Service
Title: 7 CFR Part 4287-B, Servicing Business and Industry
Guaranteed Loans.
OMB Control Number: 0570-0016.
Summary of Collection: The Business and Industry (B&I) program was
legislated in 1972 under Section 310B of the Consolidated Farm and
Rural Development Act, as amended (the Act). The purpose of the B&I
program, as authorized by the Act, is to improve economic and
environmental climate in rural communities, including pollution
abatement and control. This purpose is achieved through bolstering the
existing private credit structure through the guaranteeing of quality
loans, which will provide lasting community benefits. The B&I program
is administered by the Rural Business Service (RBS) through Rural
Development State and sub-State offices serving each State. RBS will
collect information using various forms from the lender and the
borrower. This information is vital for making prudent financial
decisions.
Need and Use of the Information: RBS will collect information to
monitor the guaranteed loan portfolio to ensure that the lenders are
adequately servicing the loans. RBS through its respective Business
Programs Divisions in Washington, DC and its 47 State Offices
throughout the United States will be the primary users of the
information collected. If the information is not collected, RBS would
not be able to make prudent credit decisions nor would the Agency be
able to effectively monitor the lender's servicing activities and thus
minimize losses under the program.
Description of Respondents: Business or other for-profit; State,
Local or Tribal Government.
Number of Respondents: 3,800.
Frequency of Responses: Reporting: On occasion; quarterly;
annually.
Total Burden Hours: 20,452.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2012-26544 Filed 10-26-12; 8:45 am]
BILLING CODE 3410-XT-P