[Federal Register Volume 61, Number 175 (Monday, September 9, 1996)]
[Notices]
[Pages 47479-47480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22884]


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DEPARTMENT OF AGRICULTURE
Rural Housing Service

Farm Service Agency


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCY: Rural Housing Service and Farm Service Agency, USDA.

ACTION: Proposed collection; comments request.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (Pub. 
L. 104-13), this notice announces the Rural Housing Service (RHS) and 
Farm Service Agency's (FSA) intention to request an extension for an 
information collection currently approved for the agencies account 
servicing policies for programs formerly administered by the United 
States Department of Agriculture, Farmers Home Administration. These 
regulations are published under the authority of the Consolidated Farm 
and Rural Development Act (CONACT), as amended.

DATES: Comments on this notice must be received on or before November 
8, 1996 to be assured of consideration.

FOR FURTHER INFORMATION CONTACT: William D. Cobb, Senior Loan Officer, 
Loan Servicing and Property Management Division, Farm Service Agency, 
USDA/FSA/LSPMD/ Stop 0523, P.O. Box 2415, Washington, DC 20013-2415; 
Telephone (202) 720-1059.

SUPPLEMENTARY INFORMATION:

    Title: Account Servicing Policies.
    OMB Number: 0575-0075.
    Expiration Date of Approval: March 31, 1997.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: The information collected under Office of Management and 
Budget (OMB) Number 0575-0075, as identified above, is needed to enable 
RHS and FSA to effectively collect on loans made under programs 
formerly administered by the Farmers Home Administration (FmHA). Under 
the provisions of the Department of Agriculture Reorganization Act of 
1994, FmHA loan programs where transferred to either Rural Development, 
which includes RHS, the Rural Business-Cooperative Service, and the 
Rural Utilities Service; or the Farm Service Agency. RHS provides 
supervised credit in the form of Single Family Housing loans and 
grants, Multi-Family Housing loans and grants, and Community Facility 
loans and grants. FSA's Farm Credit Program provides supervised credit 
in the form of loans to family farmers and ranchers to purchase farm 
land and finance agricultural production. This regulation sets forth 
the policies and procedures regarding the application of payments on 
loans made under the RHS and FSA mission areas.
    When loans are paid in full, the agencies Finance Office will 
automatically refund an overpayment of $10.00 or more. It is not cost 
efficient for the agencies to process refunds of overpayments of less 
than $10.00; therefore, these will be credited to the borrower's 
account unless a written request for a refund is submitted by the 
borrower.
    Promissory notes evidencing a debt which has been reduced to a 
judgment are a part of the court record and ordinarily cannot be 
withdrawn and returned to the debtor, even after satisfaction of the 
debt. Therefore, no effort will be made to return these notes unless a 
written request is received from the borrower or their legal 
representative.
    Estimate of Burden: Pubic reporting burden for this collection of 
information is estimated to average .25 hours per response.
    Respondents: Individuals or households, farms, businesses or other 
for-profit, small businesses or organizations.
    Estimated Number of Respondents: 10.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 3 hours.
    Copies of the information collection can be obtained from Barbara 
Williams, Regulations and Paperwork Management Division, at (202) 720-
9734.

Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the agencies, 
including whether the information will have practical utility; (b) the 
accuracy of the Agencies estimate of the burden of the proposed 
collection of information including the validity of the methodology and 
assumption used; (c) ways to enhance the quality, utility and clarity 
of the information to be collected; and (d) ways to minimize the burden 
of the

[[Page 47480]]

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. Comments may be sent to Barbara Williams, Regulations and 
Paperwork Management Division, U.S. Department of Agriculture, Rural 
Development, Stop 0743, Washington, DC 20250-0743. All responses to 
this notice will be summarized and included in the request for OMB 
approval. All comments will also become a matter of public record.

    Dated: August 28, 1996.
Bruce R. Weber,
Acting Administrator, Farm Service Agency.

Maureen Kennedy,
Administrator, Rural Housing Service.
[FR Doc. 96-22884 Filed 9-6-96; 8:45 am]
BILLING CODE 3410-07-M