[Federal Register Volume 71, Number 30 (Tuesday, February 14, 2006)]
[Notices]
[Page 7724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-2063]


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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 for a currently approved information 
collection in support of the program for Business and Industry 
Guaranteed Loans.

DATES: Comments on this notice must be received by April 17, 2006 to be 
assured of consideration.

FOR FURTHER INFORMATION CONTACT: David Lewis, Business and Industry 
Loan Servicing Branch, Rural Business-Cooperative Service, U.S. 
Department of Agriculture, STOP 3224, 1400 Independence Avenue, SW., 
Washington, DC 20250-3224, telephone (202) 690-0797, or by e-mail to 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Business and Industry Guaranteed Loan Servicing.
    OMB Number: 0570-0016.
    Expiration Date of Approval: June 30, 2006.
    Type of Request: Extension of Paperwork Burden.

Abstract

    The Business and Industry (B&I) program was legislated in 1972 
under section 310B of the Consolidated Farm and Rural Development Act, 
as amended. The purpose of the Business and Industry Guaranteed Loan 
Program is to improve, develop, or finance business, industry, and 
employment and to improve the economic and environmental climate in 
rural communities. This purpose is achieved by bolstering the existing 
private credit structure through the guarantee of quality loans which 
will provide lasting community benefits. The lender is responsible for 
servicing the entire loan and will remain mortgagee and secured party 
of record notwithstanding the fact that another party may hold a 
portion of the loan. The B&I servicing regulations are designed to 
provide regulatory requirements for the lender to adequately service 
these loans.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average .81 hours per response.
    Respondents: 3,450.
    Estimated Number of Respondents: 3,450.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Responses: 20,840.
    Estimated Total Annual Burden on Respondents: 16,910.
    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's 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.
    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 8, 2006.
Jackie J. Gleason,
Acting Administrator, Rural Business-Cooperative Service.
[FR Doc. E6-2063 Filed 2-13-06; 8:45 am]
BILLING CODE 3410-XY-P