[Federal Register Volume 79, Number 110 (Monday, June 9, 2014)]
[Notices]
[Pages 32907-32908]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-13355]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Farm Service Agency
Information Collection; Representation for CCC and FSA Loan and
Authorization To File a Financing Statement
AGENCY: Commodity Credit Corporation and Farm Service Agency, USDA.
ACTION: Notice; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
Commodity Credit Corporation (CCC) and the Farm Service Agency (FSA)
are requesting comments from all interested individuals and
organizations on an extension with a revision of a currently approved
information collection. The form CCC-10, entitled ``Representations for
Commodity Credit Corporation or Farm Service Agency Loans and
Authorization To File a Financing Statement and Related Documents'' is
used for CCC and FSA loan programs. The information collection is
necessary to gather data regarding the applicant that is required on a
financing statement, and to obtain the applicant's permission to file a
financing statement prior to the execution of a security agreement.
DATES: We will consider comments we receive by August 8, 2014.
ADDRESSES: We invite you to submit comments on this notice. In your
comments, include date, volume and page number 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: DeAnn Allen, Program Manager, USDA, FSA, Stop 0512,
1400 Independence Avenue SW., Washington, DC 20250.
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 DeAnn Allen at the above address.
FOR FURTHER INFORMATION CONTACT: DeAnn Allen; (202) 720-9889.
SUPPLEMENTARY INFORMATION:
Title: Representations for Commodity Credit Corporation or Farm
Service Agency Loans and Authorization to File a Financing Statement
and Related Documents.
OMB Control Number: 0560-0215.
Expiration Date of Approval: October 31, 2014.
Type of Request: Extension with a revision.
Abstract: Form CCC-10 is necessary to: (a) Gather or verify basic
data provided by a CCC or FSA loan applicant that is required on a
financing
[[Page 32908]]
statement filed by CCC or FSA to perfect a security interest in
collateral used to secure a loan; and (b) obtain applicant permission
to file a financing statement prior to the execution of a security
agreement.
Farm Loan Programs (FLP) uses the CCC-10 when a nonapplicant third
party pledges the full value of chattel security to FSA as adequate
security required for a FLP loan.
Both CCC's Marketing Assistance Loan and Farm Storage Facility Loan
programs also use the CCC-10, but are exempt from the provisions of the
Paperwork Reduction Act as specified in section 1601(c)(2)(B) of the
Agricultural Act of 2014 (Pub. L. 113-79, Title I, Subtitle F--
Administration).
The formula used to calculate the total burden house is estimated
average time per response (includes travel times) hours times total
annual responses.
Estimated annual burden: The public reporting burden for this
information collection is estimated to average 5 minutes per response.
The average travel time, which is included in the total annual burden,
is estimated to be 1 hour per respondent.
Respondents: Individual producers and farming entities.
Estimated Number of Respondents: 2,148.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Response: 2,148.
Estimated Average Time per Response: 1.083 of an hour (65 minutes).
Estimated Total Annual Burden on Respondents: 2,326.
We are requesting comments on this information collection to help
us to:
(1) Evaluate whether the collection of information is necessary for
the proper performance of the agency, including whether the information
will have practical utility;
(2) Evaluate the accuracy of the 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 responses to this notice, including names 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.
Dated: June 3, 2014.
Juan M. Garica,
Executive Vice President, Commodity Credit Corporation, Administrator,
Farm Service Agency.
[FR Doc. 2014-13355 Filed 6-6-14; 8:45 am]
BILLING CODE 3410-05-P