[Federal Register Volume 70, Number 93 (Monday, May 16, 2005)]
[Notices]
[Pages 25802-25803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-9645]


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DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

May 10, 2005.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Pub. L. 104-13. 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 addressed to: Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget (OMB), [email protected] or 
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO, 
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these 
information collections are best assured of having their full effect if 
received within 30 days of this notification. Copies of the 
submission(s) may be obtained by calling (202) 720-8681.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

[[Page 25803]]

Farm Service Agency

    Title: Verification of Debts and Assets.
    OMB Control Number: 0560-0166.
    Summary of Collection: The Consolidated Farm and Rural Development 
Act (CONACT) Sections 311 (7 U.S.C. 1941), 302 (7 U.S.C. 1922 and 321 
(7 U.S.C. 1961), authorize the Farm Service Agency to determine an 
applicant's eligibility for Operating, Farm Ownership or Emergency 
loans. Additionally, Section 353 (7 U.S.C. 2001) requires FSA to 
collect financial data to verify debts and assets of borrowers that 
requested primary and preservation loan servicing or debt settlement. 
FSA will collect information using FSA form 440-32, Verification of 
Debts and Assets.
    Need and Use of the Information: FSA will collect information to 
determine whether an applicant is eligible for a loan or the 
appropriateness of a servicing or debt settlement action. The data 
collected is then used to determine feasibility of the loan request. If 
the data were not collected FSA would be forced to use outdated 
financial information, which would result in much higher losses to the 
Government.
    Description of Respondents: Business or other for-profit; 
Individuals or households; Farms; Federal Government.
    Number of Respondents: 24,031.
    Frequency of Responses: Reporting; On occasion.
    Total Burden Hours: 18,024.

Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 05-9645 Filed 5-13-05; 8:45 am]
BILLING CODE 3410-05-P