[Federal Register Volume 70, Number 43 (Monday, March 7, 2005)]
[Notices]
[Page 10938]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-4309]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Proposed collection; comments requested.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Rural Business-Cooperative Service's (RBS) 
intention to request an extension of a currently approved information 
collection in support of the program for ``Rural Development Loan 
Servicing.''

DATES: Comments on this notice must be received by May 6, 2005 to be 
assured of consideration.

FOR FURTHER INFORMATION CONTACT: Mel Padgett, Rural Business-
Cooperative Service, USDA, Stop 3225, 1400 Independence Ave., SW., 
Washington, DC 20250-3225, Telephone: (202) 720-1495.

SUPPLEMENTARY INFORMATION:
    Title: Rural Development Loan Servicing.
    OMB Number: 0570-0015.
    Expiration Date of Approval: June 30, 2005.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: This regulation is for servicing and liquidating loans 
made by the RBS, under the Intermediary Relending Program (IRP) to 
eligible IRP intermediaries and applies to ultimate recipients and 
other involved parties. This regulation is also for servicing the 
existing Rural Development Loan Fund (RDLF) loans previously approved 
and administered by the U.S. Department of Health and Human Services 
(HHS) under 45 CFR part 1076. The objective of the IRP is to improve 
community facilities and employment opportunities and increase economic 
activity in rural areas by financing business facilities and community 
development. This purpose is achieved through loans made by RBS to 
intermediaries that establish programs for the purpose of providing 
loans to ultimate recipients for business facilities and community 
development. The regulations contain various requirements for 
information from the intermediaries and some requirements may cause the 
intermediary to require information from ultimate recipients. The 
information requested is vital to RBS for prudent loan servicing, 
credit decisions and reasonable program monitoring. The provisions of 
this subpart supersede conflicting provisions of any other subpart.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 3 hours per response.
    Respondents: Non-profit corporations, public agencies, and 
cooperatives.
    Estimated number of Respondents: 420.
    Estimated number of responses per respondent: 10.
    Estimated total annual burden on respondents: 11,235 hours.
    Copies of this information collection can be obtained from Renita 
Bolden, Regulations and Paperwork Management Branch, at (202) 692-0035.

Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
RBS, including whether the information will have practical utility; (b) 
the accuracy of RBS estimate of the burden of the proposed collection 
of information including the validity of the methodology and 
assumptions 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 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 Renita Bolden, Regulations and Paperwork 
Management Branch, U.S. Department of Agriculture, Rural Development, 
STOP 0742, 1400 Independence Ave., SW., Washington, DC 20250-0742. 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: February 23, 2005.
Peter J. Thomas,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 05-4309 Filed 3-4-05; 8:45 am]
BILLING CODE 3410-XY-P