[Federal Register Volume 62, Number 206 (Friday, October 24, 1997)]
[Notices]
[Page 55389]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28198]


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 Notices
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 This section of the FEDERAL REGISTER contains documents other than rules 
 or proposed rules that are applicable to the public. Notices of hearings 
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  Federal Register / Vol. 62, No. 206 / Friday, October 24, 1997 / 
Notices  

[[Page 55389]]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Request for Revision of a Currently Approved Information 
Collection

AGENCY: Farm Service Agency, USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the intent of the Farm Service Agency (FSA) to revise 
the information collection currently approved for a form used in 
support of the FSA Farm Loan Program (FLP). The form has been amended 
to adapt it for additional uses in the servicing of loans, resulting in 
its name being changed and an increase in burden hours.

DATES: Comments on this notice must be received on or before November 
24, 1997 to be assured consideration.

ADDITIONAL INFORMATION: Phillip Elder, Senior Loan Officer, USDA, FSA, 
Farm Loan Programs, Loan Servicing Division, 1400 Independence Avenue, 
SW, STOP 0523, Washington, D.C. 20013-0523; telephone (202) 690-4012; 
electronic mail: [email protected].

SUPPLEMENTARY INFORMATION:

    Title: Form FSA 440-32, ``Verification of Debts and Assets''.
    OMB Control Number: 0560-0166.
    Expiration Date of Approval: September 30, 1999.
    Type of Request: Revision of Currently Approved Information 
Collection.
    Abstract: The information obtained on this form is necessary to 
ensure the accuracy of information obtained in connection with 
applications for FSA direct loan assistance. It is used to verify debt 
information provided by applicants in order to determine their 
suitability for an Operating Loan, Farm Ownership Loan or Emergency 
Loan. Additionally, the form has been revised to allow its use by the 
Agency to verify assets of borrowers that have requested settlement of 
their debts through cancellation, adjustment or compromise.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 15 minutes per response.
    Respondents: Individuals or households, businesses or other for 
profit and farms.
    Estimated Number of Respondents: 17,335.
    Estimated Number of Responses per Respondent: 3.
    Estimated Total Annual Burden on Respondents: 13,001.
    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 sent to the Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Washington, D.C. 20503 and to Phillip 
Elder, Senior Loan Officer, USDA, FSA, Farm Loan Programs, Loan 
Servicing Division, 1400 Independence Avenue, SW, STOP 0523, 
Washington, D.C. 20013-0523. Copies of the information collection may 
be obtained from Phillip Elder at the above address. Comments regarding 
paperwork burden will be summarized and included in the request for OMB 
approval of the information collection. All comments will also become a 
matter of public record.
    OMB is required to make a decision concerning the collection(s) of 
information contained in this notice between 30 and 60 days after 
publication of this document in the Federal Register. Therefore, a 
comment to OMB is best assured of having its full effect if OMB 
receives it within 30 days of publication. This does not affect the 
deadline for the public to comment to the Department on this notice.

    Signed in Washington, D.C., on October 16, 1997.
Bruce Weber,
Acting Administrator, Farm Service Agency.
[FR Doc. 97-28198 Filed 10-23-97; 8:45 am]
BILLING CODE 3410-05-P