[Federal Register Volume 78, Number 185 (Tuesday, September 24, 2013)]
[Notices]
[Pages 58516-58517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-23227]
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DEPARTMENT OF AGRICULTURE
Farm Service Agency
Information Collection; Direct Loan Servicing-Regular
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 the extension with a revision of a
currently approved information collection that supports Direct Loan
Servicing-Regular programs. The information is used to determine
borrower compliance with loan agreements, assist the borrower in
achieving business goals, and regular servicing of the loan account
such as graduation, subordination, partial release, and use of
proceeds. The number of respondents and annual number of responses in
this information collection has been adjusted to reflect the improved
reporting ability for respondents and to correct some calculation
errors in the previous information collection numbers. No additional
forms, response actions, or time increases (other than travel time)
were added as part of this revision.
DATES: We will consider comments that we receive by November 25, 2013.
ADDRESSES: We invite you to submit comments on this notice. In your
comments, include date, volume, and page number, and the OMB control
number and the title of the information collection of this issue of the
Federal Register. You may submit comments by any of the following
methods:
Federal eRulemaking Portal: Go to: 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 20250-0503.
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 765) Farm Loan Programs--Direct Loan Servicing-
Regular.
OMB Number: 0560-0236.
[[Page 58517]]
Expiration Date: 02/28/2014.
Type of Request: Extension with a revision.
Abstract: FSA's Farm Loan Programs provide loans to family farmers
to purchase real estate and equipment, and finance agricultural
production. Direct Loan Servicing--Regular, as specified in 7 CFR part
765, provides the requirements related to routine servicing actions
associated with direct loans. FSA is required to actively supervise its
borrowers and provide credit counseling, management advice and
financial guidance. Additionally, FSA must document that credit is not
available to the borrower from commercial credit sources in order to
maintain eligibility for assistance. Information collections
established in the regulation are necessary for FSA to monitor and
account for loan security, including proceeds derived from the sale of
security, and to process a borrower's request for subordination or
partial release of security. Borrowers are required to provide
financial information to determine graduation eligibility based on
commercial lender standards provided to FSA.
The number of respondents and annual number of responses in this
information collection has been adjusted to reflect the improved
reporting ability for respondents and to correct some calculation
errors in the previous information collection numbers. No additional
forms, response actions, or time increases (other than travel time)
were added as part of this revision.
Estimate of Average Time to respond: 19 minutes per response. The
average travel time, which is included in the total annual burden, is
estimated to be 1 hour per respondent.
Respondents: Individuals or households, businesses or other for
profit farms
Estimated Annual Number of Respondents: 52,765.
Estimated Number of Reponses per Respondent: 1.98.
Total Annual Responses: 104,518.
Estimated Total Annual Burden Hours: 64,771. We are requesting
comments on all aspects of this information collection to help us to:
(1) Evaluate whether the collection of information is necessary for
the proper performance of the functions of FSA, including whether the
information will have practical utility;
(2) Evaluate the accuracy of 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;
(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 responses to this notice, including name and addresses when
provided, will be summarized and included in the request for OMB
approval. All comments will also become a matter of public record.
Signed on September 17, 2013.
Juan M. Garica,
Administrator, Farm Service Agency.
[FR Doc. 2013-23227 Filed 9-23-13; 8:45 am]
BILLING CODE 3410-05-P